Aesthetic Lasers Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Standalone Lasers and Multiplatform Lasers), Application (Skin Revitalization, Body Contouring, Hair Removal, Vascular Treatment, Tattoo Removal, Surgical Acne and Scars, Wrinkle Reduction, and Others), and End User (Hospitals, Private Clinics, Medical Spas, and Others)
Report Code: TIPMD00002605 | No. of Pages: 150 | Category: Medical Device | Status: Prebook
The aesthetic lasers market is expected to grow from US$ 2.50 billion in 2021 to US$ 7.50 billion by 2028; it is estimated to grow at a CAGR of 16.5% from 2022 to 2028.
An aesthetic laser device is used for the rectification of wrinkled skin and decelerating the functioning of aging indications. Aesthetics is the term used broadly for specialties that focus on improving cosmetic appearance through the treatment of conditions such as scars, skin laxity, wrinkles, and moles.
MARKET DYNAMICS
The inclination toward noninvasive cosmetic procedures, growth in medical tourism, and technological advancements in phototherapy treatments are among the major factors driving the aesthetic lasers market growth. Medical and cosmetic procedures have increased steadily over the last decade. However, the lack of reimbursement policies hampers the growth of this market. Further, the higher demand for skin rejuvenation procedures is expected to provide growth opportunities for the aesthetic lasers market players in the coming years.
MARKET SCOPE
The “Global Aesthetic Lasers Market Analysis to 2028” report aims to provide a market overview with a detailed account of segmentation based on type. The report provides key market statistics based on the performances of leading players. It also specifies key trends and opportunities prevailing in the market.
Strategic Insights
MARKET SEGMENTATION
The aesthetic lasers market is segmented on the basis of type, application, and end user. Based on type, the market is bifurcated into standalone and multiplatform lasers. Based on application, the market is segmented into skin revitalization, body contouring, hair removal, vascular treatment, tattoo removal, surgical and acne scars, wrinkle reduction, and others. Based on end user, the aesthetic lasers market is segmented into hospitals, private clinics, and medical spas.
REGIONAL FRAMEWORK
The aesthetic lasers market is segmented into five major regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The report entails the analysis and forecast of 18 countries worldwide, along with trends and opportunities prevailing in every region.
North America dominated the aesthetic lasers market with ~41% share in 2021. The market growth in the region is majorly attributed to the availability of a large number of skilled professionals, awareness among people regarding advancements in aesthetic procedures, and huge investments in research and development for improving the existing laser technologies to make them safer and more effective. Moreover, the increasing spending power of consumers and rising efforts for promoting noninvasive aesthetic treatments would continue to drive the growth of the market in North America in the coming years.
The below figure depicts the revenue growth trend in the global aesthetic lasers market:
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Source: The Insight Partners Analysis
The report analyzes factors affecting the aesthetic lasers market, including drivers, restraints, opportunities, and future trends. It also provides an exhaustive Porter's five forces analysis of the market.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 pandemic, and subsequent lockdowns, travel bans, and business shutdowns have been affecting economies and industries in various countries. Factory shutdowns affected the global supply chains, manufacturing and delivery schedules, and product sales in the global market. In most regions, the aesthetic lasers market experienced notable impact as most aesthetic surgeries and screening sessions were suspended by hospitals to maintain social distancing protocols and minimize patient flow at healthcare centers.
MARKET PLAYERS
Various companies in the aesthetic lasers market focus on organic growth strategies, such as product launches, product approvals, patents, and events. On the other hand, inorganic growth strategies such as acquisitions, partnerships, and collaborations have also helped the market players through business and customer base expansion. Companies operating in the aesthetic lasers market are anticipated to experience lucrative growth opportunities in the coming years with the rising demand for aesthetic laser devices.
The report includes the profiles of key aesthetic lasers market players and their SWOT analysis and market strategies. It also specifies components and services offered by these players, along with financial information for the last three years and key development in the past five years. The list of major companies engaged in the aesthetic lasers market is mentioned below:
- Alma Lasers, Ltd.
- Cynosure, Inc.
- Aerolase Corp.
- El.En. S.p.A.
- Syneron Medical Ltd.
- Solta Medical, Inc.
- Lumenis Ltd.
- Cutera, Inc.
- Sharplight Technologies Ltd.
- Sciton, Inc.
The Insight Partners’ dedicated research and analysis team consists of experienced professionals, having advanced statistical expertise. The team offers various customization options in the existing study.
The List of Companies
1. Alma Lasers, Ltd.
2. Cynosure, Inc.
3. Aerolase Corp.
4. El.En. S.p.A.
5. Syneron Medical Ltd.
6. Solta Medical, Inc.
7. Lumenis Ltd.
8. Cutera, Inc.
9. Sharplight Technologies Ltd.
10. Sciton, Inc.
11. Abbvie Inc.
12. Candela Medical
13. Hologic Inc.
14. Energist Medical Group
15. Fotona Inc.
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