Aesthetic Lasers Market Forecasts Share Report | Growth Overview 2030

The aesthetic lasers market size was valued at US$ 2,895.17 million in 2022 and is projected to reach US$ 7,341.84 million by 2030. It is estimated to register a CAGR of 12.3% during 2022–2030.

Market Insights and Analyst View:

The aesthetic lasers market size is increasing with the growing number of noninvasive aesthetic procedures and the surge in various skin disorders such as hyperpigmentation, warts, and Hemangiomas. Additionally, increase in laser-based product launches and approvals in the market is expected to create ample opportunities for the aesthetic lasers market growth. There has been tremendous change in the beauty industry on global level which has increased the demand for aesthetic lasers for various noninvasive procedures such as skin tightening, scars, tattoo removal, body contouring, and fat reduction globally.

Growth Drivers and Challenges:

The increasing prevalence of various disorders such as acne, dermatitis, pigmentation disorders, hair removal, and other skin irregularities such as moles, warts, and skin tags, acne scars are creating the demand for aesthetic laser treatments. As per National Institute of Health, acne is one of the most common type of skin condition affecting ~4.96 million of the global population in 2022, and a surge in such acne conditions is creating the need for aesthetic laser treatment of acne scar removal. Additionally, advancements in the beauty industry, along with changing beauty standards, are creating the demand for aesthetic laser devices. Moreover, the geriatric population is prone to wrinkles, owing to which there is growing demand for toning, antiaging, and skin rejuvenation treatment to suppress the signs of aging. As per The Aesthetic Society, 431,485 skin treatment (combination lasers) procedures were performed globally, which generated a revenue of US$ 171.45 million in 2021.

Moreover, increased consumer awareness about skincare treatments led to the surge in skin clinics and medspas that provide affordable skin treatments for various skin conditions, creating the demand for aesthetic laser devices. Additionally, the increase in R&D activities and technological advancement have led to the development of new and innovative products for skincare treatments. In March 2021, Bausch Health Companies Inc. and its Solta Medical business launched the company's next-generation Clear + Brilliant laser in the US. The Clear + Brilliant Touch laser provides a personalized and comprehensive treatment protocol by providing patients of all ages and skin types with the advantages of two wavelengths. By combining two wavelengths with the Original and Perméa handpieces, physicians can deliver a complete treatment during a single appointment.

The growing desire to improve appearance attracts several consumers to follow a skincare regime; in severe cases wherein there is a need to reduce scars instantly, aesthetic medical lasers have gained immense popularity. Thus, the rising demand for laser treatments, body sculpting, and skin tightening promotes the aesthetic lasers market growth.

Although aesthetic laser treatments are considered low to no-risk procedures regarding patient morbidity and mortality, the most adverse events go unreported due to a lack of regulation and insufficient enforcement. Many aesthetic procedures are performed in non-medical or quasi-medical settings, such as spas and beauty salons. Most individual doctors and even hospitals tend to brush these adverse events to avoid adverse media exposure.

Despite the simplicity and reliability of practical procedures, complications can arise even with a clever and experienced professional. Therefore, the early detection of complications, if they arise, is of the utmost importance to prevent long-term consequences. For example, redness, itching, burning, and pain are among the most common complications of laser therapy that appear for a short duration and can be fixed with simple means.

Furthermore, there has been increased use of lasers in aesthetic laser devices that has led to the development of stringent regulatory policies to ensure the safety of healthcare professionals and individuals. Documents 60601, 60825, and 60825-Part 8 of the International Electrotechnical Commission (IEC) are the international standards benchmarking laser safety worldwide. They contain normative and instructive recommendations for laser manufacturers, doctors, and facility administrators. They serve as the foundation for national standards in the majority of countries. These standards are harmonized with national standards in several countries, such as the US, Australia, and Canada, and are mandated as the foundation for all other rules and professionally recommended practices.

The 4173 (Guide to the Safe Use of Lasers in Healthcare) and the AS/NZ 2211 (Laser Safety) have established the intended standard for laser safety in healthcare in Australia. Despite not being regulatory, they have had the effect of regulation due to their widespread acceptance. It has been included in state regulations, such as the Radiation Safety Act 1999 in Western Australia, Tasmania, and Queensland. National licensure requisite based on international (IEC) standards is being considered for enforcement. If implemented, every user of Class 4 or Class 3b medical laser systems and Intense Pulsed Light Systems would be required to register for a license and demonstrate that they have met specific education and training criteria.

Many US states have laws requiring laser system registration and proof of administrative controls, as described by the American National Standard (ANSI Z136.3). The Occupational Safety and Health Administration (OSHA), a governmental division of the Department of Labor with the jurisdiction to issue penalties and/or legal action for non-compliance, uses ANSI standards to evaluate laser safety requirements. The Joint Commission, previously known as JCAHO, which gives healthcare institutions accreditation and ensures government funding for Medicare beneficiaries, uses ANSI standards to evaluate safe laser practice. Thus, all the abovementioned factors hamper the growth of the aesthetic lasers market.

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Aesthetic Lasers Market: Strategic Insights

Market Size Value in	US$ 2,895.17 million in 2022
Market Size Value by	US$ 7,341.84 million by 2030
Growth rate	CAGR of 12.3% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Report Segmentation and Scope:

The aesthetic lasers market is divided on the basis of type, application, and end user. Based on type, the aesthetic lasers market is bifurcated into ablative lasers and non-ablative lasers. The ablative lasers segment is further bifurcated into carbon-di-oxide lasers and erbium lasers. Non-ablative lasers segment is further divided into Nd:Yag lasers, alexandrite lasers, intense pulse light (IPL), flash pulsed dye lasers, and others. Based on application, the aesthetic lasers market is segmented into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. In terms of end user, the aesthetic lasers market is segmented into dermatology clinics, beauty and wellness centers, medical spas, and others. Based on geography, the aesthetic lasers market is divided into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific), Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

Based on type, the aesthetic lasers market is segmented into ablative lasers and non-ablative lasers. The ablative lasers segment is further bifurcated into carbon-di-oxide lasers and erbium lasers. Non-ablative lasers segment is further divided into Nd:Yag lasers, alexandrite lasers, intense pulse light (IPL), flash pulsed dye lasers, and others. In 2022, the non-ablative lasers segment held a larger share and is expected to record a faster CAGR during 2022–2030. Non-ablative lasers work by penetrating the skin without removing the top layer. This type of laser is typically used for less severe skin conditions such as fine lines, mild wrinkles, and minor scarring. Non-ablative lasers are generally less invasive and have a shorter recovery time but may require multiple treatments to achieve desired results. Some of the non-ablative lasers use for aesthetic treatments include Nd:Yag lasers, alexandrite lasers, intense pulse light (IPL), and flash pulsed dye lasers. The non-ablative lasers stimulate the collagen production that improve the skin tone and texture. It is generally used for treating fine line, acne scars, melasma, wrinkles, skin resurfacing, and others. As per American Society of Plastic Surgeons, 566,739 non-ablative laser resurfacing procedures were performed in 2020 in the US. Therefore, increase in various aesthetic procedures is expected to drive the growth of the non-ablative lasers market.

Aesthetic Lasers Market, by Type – 2022 and 2030

Access Data

Based on application, the aesthetic lasers market is classified into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. In 2022, the facial and skin tightening segment held the largest share of the market, and the hair removal segment is expected to register the highest CAGR during 2022–2030. Laser hair removal is an effective method to remove unwanted hair on the body parts such as the face, legs, armpit, and hands. Due to its safe and effective outcomes, it has emerged as an excellent alternative to conventional methods such as shaving and waxing. It provides smoother, less irritated skin. Therefore, it is a widely performed treatment across the world. Moreover, growing physical consciousness among millennials has enhanced the need for alternative methods such as regular hair trimming and body hair shaving. The growth of hair removal devices is increasingly affected by the rising application of intense pulsed light (IPL) devices. The demand for these devices has accelerated due to their precision in removing hair. Laser hair removal on the face uses laser light technology beamed to the hair follicles to stop hair growth. Rising consciousness with respect to personal grooming and enhancing aesthetic appeal are some of the factors fueling the aesthetic lasers market growth.

Based on end user, the aesthetic lasers market is classified into dermatology clinics, beauty and wellness centers, medical spas, and others. In 2022, the dermatology clinics segment held the largest share of the market, by end user, and is estimated to register a significant CAGR of 12.7% during the forecast period. Dermatology clinics are cosmetic and medical facilities that focus on diagnosing and treating skin conditions. In dermatology clinics, certified professionals offer surgical and nonsurgical services. With the need for specialized dermatology treatments, patients tend to visit specialty dermatology clinics for rapid and effective services. A global rise in the prevalence of skin cancer, particularly melanoma, coupled with an increasing number of clinics offering dermatology services, has led to a growing number of patients visiting dermatology clinics for treatment. For instance, according to the American Cancer Society, more than 2 million annual basal and squamous cell skin cancer (nonmelanomas) are reported yearly in the US.

According to TripleTree, in 2020, there were 9,000 dermatology practices and 14,000 dermatologists in the US. Among the total number of practices, 34% were solo practices, and 48% of practices included three or more physicians. Moreover, the global rise in the prevalence of skin cancer and melanoma, coupled with an increasing number of clinics offering dermatology services, have led to an increase in the number of patients visiting dermatology clinics for treatment and care.

Regional Analysis:

Based on geography, the aesthetic lasers market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. North America is the largest contributor to the growth of the aesthetic lasers market, and Asia Pacific is expected to be the fastest-growing market in the coming years. The market growth in North America is attributed to increase in noninvasive aesthetic procedures and new product launches in the region. In Canada, the growth of the aesthetic lasers market is expected due to rising strategic investments by international players, increasing the number of aesthetic clinics, and rising awareness regarding aesthetics among large population. The US has major market share in the North America market and the growth of the market in the country is defined by factors such as the rise in the development of noninvasive medical aesthetic procedures and the exponential rise in the aesthetic procedures. In the US, the number of aesthetic procedures has increased significantly over the last 10 years. Also, the development of technology has increased the number of noninvasive procedures. For instance, according to the International Society of Plastic Surgeons (ISAPS), non-surgical aesthetic procedures increased by 19.9% in 2021 globally.  Additionally, Intense Pulsed Light (IPL) treatment is in the top 5 cosmetic minimally invasive procedures with over 827,000 IPL procedures performed in the US in 2020.

As per International Society of Aesthetic Plastic Surgery, 542,605 facial rejuvenation and 391,855 non-surgical skin tightening procedures were performed in the US in 2021. The increase in aesthetic laser procedures will continues to propel over the forecast period. Additionally, the expenditures on the aesthetic procedures are rising significantly; approximately US$ 14.6 billion was spent in 2021. Therefore, the rising number of aesthetic procedures and increasing expenditures are likely to support the aesthetic lasers market growth and expected to offer ample revenue growth during the forecast period.

Industry Developments and Future Opportunities:

Various initiatives by key players operating in the aesthetic lasers market are listed below:

1. In May 2023, Cutera Inc entered into cooperation agreements with two of its largest stockholders, Pura Vida Investments LLC (Pura Vida) and RTW Investments LP (RTW), which collectively owned more than 15% of the company’s outstanding shares.
2. In February 2023, Candela launched its new product Profound Matrix System, which is designed to correct, maintain, and restore skin at various stages of the aging journey; this multi-application system features the Sublime, Sublative RF, and all-new Matrix Pro applicators.
3. In April 2022, Cutera Inc and Synchrony announced a partnership to expand patient financing options to dermatology practices across the US.
4. In March 2022, Lumenis Be Ltd launched triLift, a facial stimulation device targeting the three aging elements: contour, structure, and texture, by treating the three tissue layers: the dermal layer, the muscles, and the epidermal layer.

Competitive Landscape and Key Companies:

A few of the prominent players operating in the aesthetic lasers market are Aerolase Corp, Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, SharpLight Technologies Ltd, EI EN SpA, Alma Lasers Ltd, and Cynosure LLC. These companies focus on new product launches and geographic expansions to meet the growing consumer demand worldwide as well as to increase their product range in specialty portfolios. Their global presence allows them to serve a large set of customers, subsequently allowing them to expand their market share.