Aesthetic/Cosmetic Lasers Market

Aesthetic/Cosmetic Lasers Market Size (2022 to 2027)

The size of global aesthetic/cosmetic lasers market size is estimated to value USD 1723.8 million by 2027 from USD 1041.6 million in 2022, growing at a CAGR of 10.6% during the forecast period.

The aesthetic/cosmetic laser is a type of treatment method performed to enhance the looks of the individual people. Different styles like surgical techniques and laser systems are applied to treat various conditions such as pigment alterations, age spots, wrinkles, facial aging, acne scars, skin tightening, etc. Different types of lasers employed for the laser treatments are LED laser, CO2 laser, fractional laser, etc.  

The significant factors that are boosting the growth of the global aesthetic/cosmetic laser market are increasing prevalence of skin problems in the aging population, availability of effective cosmetic surgery methods and advanced techniques, increasing adoption rate of aesthetic procedures, satisfactory results in less time and non-invasive surgical procedures offered by the cosmetic lasers compared to traditional methods. Other factors such as increasing disposable income and advancements in laser equipment and devices also fuel the growth of the aesthetic/cosmetic laser market.

Shaming and bullying associated with cosmetic surgeries are the significant challenges restricting the growth of the aesthetic/cosmetic lasers market. The lack of significant focus of market players on aesthetic devices is limiting the development of the market. Stringent procedural guidelines for aesthetic treatments is another major factor that is challenging the growth of the global aesthetic/cosmetic laser market.

The increased adoption rate of advanced cosmetic lasers due to multiplatform lasers' benefits, such as high flexibility and versatility, are expected to provide growth opportunities for the aesthetic/cosmetic laser market during the forecast period. Increasing demand for cosmetic laser surgeries in developed and developing countries due to laser technology advancement and patients preferring minimally invasive or non-invasive are expanding growth opportunities for the stakeholders in the global aesthetic/cosmetic laser market during the forecast period.  

Impact of COVID-19 on the global aesthetic/cosmetic laser market:

During the time of pre-pandemic, cosmetic surgeons, plastic surgeons, and skin specialists had fruitful business. But, as the Coronavirus prevalence covered the world prominently, the lockdown restrictions and ban on flights have slowed down the demand for this market. During lockdowns, the patients are stopped from benefitting unnecessary amenities because of movement curbs. Moreover, the pharmaceutical companies tied up with skincare products manufacturing are being affected by trading hurdles. All these factors have shown a negative impact on the market. However, it is expected that the market shares fall into the normal state by 2021. 

REPORT COVERAGE:

This research report on the global aesthetic/cosmetic lasers market segmented and sub-segmented based on type, application, end-user, and region.

Aesthetic/Cosmetic Lasers Market – By Type:

• Standalone Lasers
  • Carbon Dioxide (Co2) Laser
  • Er: YAG (Erbium YAG) Laser
  • Diode Lasers
  • Pulsed Dye Lasers
  • Neodymium:Yttrium-Aluminum-Garnet(Nd:YAG) Laser
  • Alexandrite Lasers
  • Other Standalone Lasers
• Multiplatform Lasers    

Based on type, Standalone lasers are advantageous in many ways, for example, ease of use and simplicity of functioning, which has significantly increased their adoption and commands the highest market share of the cosmetic lasers market in 2019. In this segment, the Neodymium:Yttrium-Aluminum-Garnet sub-segment is expected to witness rapid growth in the cosmetic lasers market across the globe.

The multiplatform lasers segment is anticipated to grow at a promising rate between 2020 to 2025. This segment offers ascendable and advanced hybrid systems that can be used to treat multiple indications, which are further expected to reflect in the market globally.

Aesthetic/Cosmetic Lasers Market – By Application:

• Hair Removal      
• Skin Rejuvenation
• Vascular Lesions, Acne, and Scars 
• Pigmented Lesion & Tattoo Removal      
• Leg and Varicose Veins    
• Other Applications 

Based on application, the hair removal category is estimated to command the largest share of the market in 2020because of high assumptions of aesthetic techniques, advancements in laser technology, rising concentration on physical appearance, and substantial discretionary expenses.

The vascular lesions, acne, and scar segment are expected to have prominent growth and running towards occupying a decent share in the market by the end of the forecast period. Treatments for conditions like sun damage, age spots, and melisma fuels the segment.

Aesthetic/Cosmetic Lasers Market – By End User:

• Private Clinics     
• Hospitals  
• Medical Spas      

Based on end-user, the private clinic's segment is estimated to develop at the highest CAGR because of the rising disposable income and an increasing number of clinics in emerging economies such as China and India, acceptance and widespread usage of new technologies, growing preference for non-invasive procedures, and reduced cost for laser-based treatments.

Aesthetic/Cosmetic Lasers Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Presently, North America accounts for the largest market share, closely followed by Europe in the global market, while Asia Pacific has the highest CAGR.

North America is leading the global aesthetic/cosmetic laser market and contributing the largest share of revenues to the market. It is expected to multiply during the forecast period owing to the factors such as increasing consciousness among people regarding the advanced technologies and surgical procedures that are available for aesthetic and cosmetic treatments such as cosmetic laser systems. Also, effective and satisfactory results to the customers and increased account of research and development activities leading to the influx of technically advanced laser systems further boost regional development. 

Asia Pacific region is another dominating market after North America. It is likely to witness high growth during the forecast period due to the high percentage of the aged population, increasing healthcare expenditure, and rising demand for cosmetic surgeries in developing countries in the region like India, China, Japan, Malaysia, and others. 

KEY MARKET PLAYERS:

Some of the notable companies leading the global aesthetic/cosmetic lasers market profiled in this report are Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc. (U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and Solta Medical (U.S.).

RECENT MARKET HAPPENINGS:

• In September 2018, Radium Medical Aesthetics Company had launched a program to treat individuals with rough skin and stretch marks with single cosmetic laser surgery, which is known as the Pico skin illumination program. The program offers customization and blends into the requirement of the individual patient.
• Sentient Lasers Company has released a product called Blue Dot Certification in 2017 to expand its product portfolio and share value of their company. This certification is designed so that the devices are tested at every level to set high standards for effective clinical practices, durability, and high efficiency in performance for aesthetic/cosmetic lasers.