The size of the Latin America Aesthetic/Cosmetic Laser market was around USD 112.50 million in 2022. It is expected to grow at a CAGR of 10% to reach USD 181.18 million by 2027. It captures 12% of the global market share.
A considerable increase in the number of non-aesthetic operations available and technological advancements in laser technology are propelling the cosmetic laser market forward in Latin America. Furthermore, increased adoption of non-invasive procedures, an increase in cases of skin damage, an increase in medical tourism and ever-changing lifestyles, and lower procedural costs are further estimated to contribute to the expansion of the Latin American cosmetics lasers market. Other factors that fuel the market's growth are improved implementation of aesthetic operations, development of laser technology, growing focus on physical attractiveness among both men and women, and high spending income in developing nations. Furthermore, accessible availability of cosmetic lasers, a larger target audience, and favorable reimbursement in the healthcare system are expected to drive market expansion.
Face laser resurfacing or skin therapy is a type of laser and light-based skin therapy that uses pulsating water rays to help reduce suitable forms, blemishes, wrinkles, and pigmentation like sunspots and freckles. An increase in surplus income fuels the rise of the market.
However, the cosmetic lasers market in the Latin American region is expected to be constrained by the strict rules for cosmetic laser goods in terms of approval. A multitude of regulations relating to radiation safety, device efficiency and performance, and other FDA guidelines on main danger classifications must be followed by laser device makers. Therefore, cosmetic lasers are subject to stringent regulatory processes and standards, which may cause a delay in getting the device to market, posing a constraint in the projection period. However, the increased use of energy-based devices and market competitors' lack of attention on cosmetic devices is stifled by the increased use of energy-based devices.
This research report on the Latin American cosmetic lasers market has been segmented and sub-segmented into the following categories.
By End User:
Latin America had a moderate proportion in the global cosmetics lasers market in 2020. However, it has been steadily increasing in Latin America, owing to an increase in the obese population. Obesity levels are predicted to be exceptionally high in Brazil and Mexico, according to the Organization for Economic Cooperation and Development. Due to increased promotional activities linked to cosmetic lasers in this region, the cosmetic laser market in emerging Latin American nations such as Mexico, Argentina, and Brazil is expected to grow.
During the forecast period, the Mexican cosmetic lasers market to play a dominating role in the Latin American region, whereas the Brazilian market is expected to grow at a healthy CAGR.
KEY MARKET PLAYERS:
Companies playing a leading role in the Latin American cosmetic laser 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.).
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