The size of the global aesthetic/cosmetic lasers market was around USD 941.8 million in 2020. It is expected to grow at a CAGR of 10.60% to reach USD 1558.9 million by 2025.
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:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Covered |
By Type, Application, End User and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
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Market Leaders Profiled |
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.). |
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:
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:
Based on application, the hair removal category is estimated to command the largest share of the market in 2019 because 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:
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:
Presently, North America accounts for the largest market share, closely followed by Europe, 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.).
KEY HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Standalone Lasers
5.1.2.1 Carbon Dioxide (Co2) Laser
5.1.2.2 Er:YAG (Erbium YAG) Laser
5.1.2.3 Diode Lasers
5.1.2.4 Pulsed Dye Lasers
5.1.2.5 Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
5.1.2.6 Alexandrite Lasers
5.1.2.7 Other Standalone Lasers
5.1.3 Multiplatform Lasers
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Hair Removal
5.2.3 Skin Rejuvenation
5.2.4 Vascular Lesions, Acne, and Scars
5.2.5 Pigmented Lesion & Tattoo Removal
5.2.6 Leg and Varicose Veins
5.2.7 Other Applications
5.2.8 Y-o-Y Growth Analysis, By Application
5.2.9 Market Attractiveness Analysis, By Application
5.2.10 Market Share Analysis, By Application
5.3 End User
5.3.1 Introduction
5.3.2 Private Clinics
5.3.3 Hospitals
5.3.4 Medical Spas
5.3.5 Y-o-Y Growth Analysis, By End User
5.3.6 Market Attractiveness Analysis, By End User
5.3.7 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.3.4 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.4.4 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.1.5.4 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cynosure, Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Syneron Medical Ltd
8.3 Lumenis Ltd.
8.4 Cutera, Inc.
8.5 Solta Medical, Inc.
8.6 El.En SpA
8.7 Alma Lasers
8.8 Sciton, Inc.
8.9 Aerolase
8.10 Sharplight Technologies Ltd.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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