Global Aestheticcosmetic Lasers Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2024 –2031 |
Market Size (Base Year) |
USD 664.55 Million |
Market Size (Forecast Year) |
USD 1,564.50 Million |
CAGR |
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Major Markets Players |
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Global Aesthetic Cosmetic Lasers Market Segmentation, By Type (Standalone Lasers, Multiplatform Lasers), Application (Hair Removal, Skin Rejuvenation, Vascular Lesions, Acne, and Scars, Pigmented Lesion and Tattoo Removal, Leg and Varicose Veins, Other Applications), End-User (Private Clinics, Hospitals, Medical Spas) - Industry Trends and Forecast to 2031.
Aesthetic Cosmetic Lasers Market Analysis
The aesthetic cosmetic lasers market is undergoing rapid expansion, fuelled by the growing demand for minimally invasive cosmetic procedures and continuous advancements in laser technology. These lasers are widely utilized across a range of applications, including hair removal, skin rejuvenation, vascular lesion treatments, acne and scar reduction, pigmented lesion and tattoo removal, as well as treatments for leg and varicose veins. With increasing consumer interest in non-invasive aesthetic solutions and improvements in laser efficiency, the market is poised for steady growth in the upcoming years. Additionally technological innovations, such as more precise laser systems with faster recovery times, are driving adoption among both healthcare providers and patients.
Aesthetic Cosmetic Lasers Market Size
Global aesthetic cosmetic lasers market size was valued at USD 664.55 million in 2023 and is projected to reach USD 1564.50 million by 2031, with a CAGR of 11.30% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the data bridge market research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Aesthetic Cosmetic Lasers Market Trends
“Focus on Personal Aesthetics and Appearance”
The increasing emphasis on personal aesthetics and appearance, stimulated by the impact of social media platforms such as Instagram and shifting societal beauty standards, has significantly heightened demand for cosmetic procedures. Among these, laser treatments have gained substantial popularity due to their efficacy in addressing various skin concerns, including acne scars, wrinkles, and pigmentation. Fractional CO2 lasers, for instance, are widely utilized for skin resurfacing, helping to diminish fine lines and enhance skin texture. The International Society of Aesthetic Plastic Surgery (ISAPS) reported over 14.9 million surgical and 18.8 million non-surgical procedures conducted globally in 2022, underscoring the robust demand for aesthetic improvements, with lasers being a central component of non-invasive treatment options.
Report Scope and Aesthetic Cosmetic Lasers Market Segmentation
Attributes |
Aesthetic Cosmetic Lasers Market Key Market Insights |
Segments Covered |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Key Market Players |
Aerolase Corp., (U.S.), Alma Lasers, (Israel), Shenzhen Mindray Bio-Medical Electronics Co (China), Cutera, Inc., (U.S.), Cynosure, (U.S.), El.En. S.p.A. (Italy), Lumenis Be Ltd. (Israel), Sciton, (U.S.), CANON MEDICAL SYSTEMS USA (U.S.), CHISON Medical Technologies Co., Ltd., (China), SharpLight Technologies Inc., (Canada), Aerolase Corp. (U.S), Bausch + Lomb. (Canada), Candela Corporation (U.S), and Bausch Health Companies Inc., (Canada) |
Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. |
Aesthetic Cosmetic Lasers Market Definition
Aesthetic cosmetic lasers are advanced laser-based technologies used for non-invasive and minimally invasive treatments aimed at improving physical appearance. These lasers target specific skin issues, such as wrinkles, acne scars, pigmentation, and skin texture, by employing various laser modalities, including fractional CO2 lasers and other innovative technologies. The procedures performed with these lasers are designed to enhance skin tone, smooth out imperfections, and promote a more youthful appearance, catering to the growing demand for aesthetic improvements and advancements in cosmetic treatments.
Aesthetic Cosmetic Lasers Market Dynamics
Driver
- Rising Demand For Non-Invasive Cosmetic Procedures
The increasing preference for non-invasive cosmetic procedures is driven by consumers' desire for treatments that offer minimal downtime and lower risks compared to traditional surgical options. Lasers have emerged as a popular choice, providing effective solutions for skin rejuvenation, hair removal, and other aesthetic treatments. For instance, According to the American Society of Plastic Surgeons (ASPS), non-invasive procedures such as laser skin resurfacing accounted for roughly 70% of all cosmetic procedures in 2022. Underscoring the growing shift towards non-surgical interventions. Such trend reflects a broader movement towards procedures that fit seamlessly into busy lifestyles and offer quicker recovery times, aligning with the increasing demand for convenience and safety in Cosmetic treatments.
- Rising Disposable Incomes
As disposable incomes rise globally, an increasing number of individuals can afford aesthetic treatments, fuelling growth in the aesthetic Cosmetic lasers market. Such a trend is particularly notable in emerging economies, where a burgeoning middle class is driving demand for advanced Cosmetic procedures. For instance, a report from the World Bank highlights that the middle class in low and middle-income countries is projected to grow from 5% in 2005 to 25% by 2030. Such expansion in the economic segment is significantly contributing to a surge in demand for non-invasive aesthetic treatments, including laser procedures, as more individuals have the financial means to invest in personal appearance enhancements. The market supportive demographic shift represents a substantial growth opportunity for the aesthetic cosmetic lasers market, offering new avenues for expansion and innovation.
Opportunities
- Technological Advancements In Laser Technologies
Continuous innovations in laser technologies, including more effective and precise laser modalities, contribute to enhanced treatment outcomes and broader adoptions. For instance fractional lasers, which induce micro-injuries in the skin to boost collagen production, have transformed skin resurfacing by providing exceptional results with minimal downtime, thereby opening up new growth opportunities for market players. Additionally, pico-second lasers, with their ultra-fast pulse durations, excel in precision treatments for pigmentary issues and tattoo removal, effectively targeting specific problem areas while preserving surrounding skin. Such advancements enhance treatment efficacy and safety and also represent a substantial opportunity for market expansion, as they allow for the development of new, cutting-edge products and attract a growing patient base seeking advanced Cosmetic solutions.
- Expanding Cosmetic Lasers Applications
Aesthetic lasers are employed for a broad spectrum of procedures, including hair removal, skin resurfacing, and vascular treatments, addressing diverse patient needs. For instance, laser devices such as The Alexandrite Laser are commonly used for effective hair removal across different skin types, while fractional lasers have gained prominence for their ability to treat skin issues such as acne scars and wrinkles. Moreover, picosecond lasers for tattoo removal and newer technologies for vascular lesions, continue to broaden the range of treatments available, further fuelling market expansion by meeting the evolving demands of both patients and practitioners.
Restraints/Challenges
- Stringent Regulations
Regulatory hurdles present a significant challenge in the aesthetic cosmetic lasers market, as stringent requirements for laser devices can delay the introduction of new technologies and escalate operational costs for manufacturers. To ensure safety and efficacy, laser devices must undergo extensive clinical trials and obtain approvals from regulatory bodies such as the U.S. Food and Drug Administration (FDA). The FDA requires comprehensive pre-market approval (PMA) applications for high-risk devices, including detailed clinical data demonstrating the safety and effectiveness of the technology. Such a process can take several years and involve substantial financial investment. Additionally, adherence to international standards, such as those established by the International Electrotechnical Commission (IEC), further complicates the regulatory landscape.
- Side Effects of Laser Treatment
Despite advancements in laser technology, aesthetic lasers carry inherent risks of side effects, impacting patient acceptance and demand for certain procedures. Common side effects include skin irritation, pigmentation changes, and burns, which can vary in severity depending on the treatment and individual skin type. For instance, treatments such as intense pulsed light (IPL) for pigmentation issues can sometimes lead to post-inflammatory hyperpigmentation, particularly in individuals with darker skin tones. Similarly, laser hair removal procedures may cause temporary redness or swelling, and, in rare cases, more serious burns if not properly administered. Such potential risks can result in hesitancy among patients and may drive them to seek alternative treatments, ultimately affecting the overall demand for aesthetic laser procedures.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Aesthetic Cosmetic Lasers Market Scope
The market is segmented on the basis of type, application, and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Standalone Lasers
- Multiplatform Lasers
Application
- Hair Removal
- Skin Rejuvenation
- Vascular Lesions
- Acne and Scars
- Pigmented Lesion and Tattoo Removal
- Leg and Varicose Veins
- Other Applications
End-Users
- Private Clinics
- Hospitals
- Medical Spas
Aesthetic Cosmetic Lasers Market Regional Analysis
The market is analysed and market size insights and trends are provided by type, application, and end-user.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the aesthetic Cosmetic lasers market due to the strong presence of major manufacturers and a growing number of aesthetic laser procedures. The region also benefits from the widespread adoption of minimally invasive devices, further driving market growth. Additionally, high consumer demand for advanced Cosmetic treatments and technological innovations continue to support the market's expansion in this region.
The Asia-Pacific region is projected to experience substantial growth in the aesthetic Cosmetic lasers market from 2024 to 2031, driven by its large and rapidly growing population. Increasing awareness of the benefits of laser procedures, along with a surge in medical tourism, further propels market expansion. Additionally, improving healthcare infrastructure and the rising disposable income in emerging economies are contributing to the demand for advanced Cosmetic treatments in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Aesthetic Cosmetic Lasers Market Share
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Aesthetic Cosmetic Lasers Market Leaders Operating in the Market Are:
- Aerolase Corp. (U.S.)
- Alma Lasers (Israel)
- Shenzhen Mindray Bio-Medical Electronics Co. (China)
- Cutera, Inc. (U.S.)
- Cynosure (U.S.)
- El.En. S.p.A. (Italy)
- Lumenis Be Ltd. (Israel)
- Sciton (U.S.)
- CANON MEDICAL SYSTEMS USA (U.S.)
- CHISON Medical Technologies Co., Ltd. (China)
- SharpLight Technologies Inc. (Canada)
- Bausch + Lomb (Canada)
- Candela Corporation (U.S.)
- Bausch Health Companies Inc. (Canada)
Latest Developments in Aesthetic Cosmetic Lasers Market
- In June 2024, French private equity firm Archimed SAS, which manages approximately USD 7.5 billion in assets as of late May, aims to acquire a controlling stake in South Korean aesthetic laser manufacturer Jeisys Medical Inc. Jeisys Medical, with a market capitalization of USD 710.8 million is set to be delisted from the Kosdaq junior stock exchange.
- In November 2023, Alpha Aesthetics Partners, part of the Thurston Group portfolio, has unveiled a strategic alliance with The Laser Center of Marin (TLC). This partnership is designed to broaden the service capabilities and market presence of both entities. By capitalizing on TLC's strong reputation and specialized knowledge in laser treatments, Alpha Aesthetics Partners aims to reinforce its market position and deliver greater value to its customers
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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