the deep-dive market assessment study by Growth+ Reports, the global aesthetic
lasers and energy devicesmarket was pegged at ~US$ 3.7 billion in 2021 and is expected to expand at
a compound annual growth rate (CAGR) of ~10% from 2022 to 2030.
lasers market is driven by rising disposable income, expanding technology,
changing lifestyles, and increasing demand for minimally invasive aesthetic
operations. Skin tightening treatments are utilized more commonly following
rapid weight loss or bariatric surgery due to minimal invasiveness and product
technology advancements. For instance, according to the CIA's The World Factbook
2020, Saint Pierre and Miquelon, Japan, Morocco, and Saint Pierre and Miquelon
have the highest median ages. A population that is getting older is expected to
adopt aesthetic procedures, which will probably encourage market expansion.
lasers, such as CO2, erbium, pulsed dye, and fractional, are adjusted for various
skin problems and types in laser skin resurfacing. A CO2 laser is frequently
used during laser skin resurfacing operations to remove damaged superficial
skin from the entire face. For instance, the American Society of Plastic
Surgeons (ASPS) released the 2020 findings of the organization's annual
procedure survey in April 2021, coupled with national consumer research that
represented developments over the COVID-19 period. According to the study, 35%
of women who have had at least one cosmetic surgery or minimally invasive
procedure plan to spend significantly more on treatments in 2021 than they did
in 2020. With the increase of vaccines and the relaxation of social isolation
laws, the processes are hoped to resume their regular path.
have been published over the years to gain insight into the prevalence of
diseases. For instance, according to the Global Burden of Disease Study, 117.4
million incident cases of acne vulgaris were recorded in 2019. According to the
article "Magnitude and temporal trend of acne vulgaris burden in 204
countries and territories from 1990 to 2019: an analysis from the Global Burden
of Disease Study 2019," this reflects an increase of almost 48% from 1990.
innovations and product launches are other drivers of market expansion.
For instance, the LightSheer Quattro, the newest platform from Lumenis, was
launched in January 2020. The device offers clinically validated laser hair
removal treatments for all skin types utilizing either 805nm or 1060nm
wavelengths with no downtime for pigmented and vascular lesions. However, the
market for aesthetic lasers and energy devices is severely constrained by the
high cost of these therapies. Furthermore, Aesthetic Lasers and Energy Devices
are well recognized to have many adverse effects because these drugs react
differently with various skin types and textures.
America occupies the largest market share for aesthetic lasers and energy
devices globally. It is projected to continue to hold this dominance throughout
the forecast period.
is due to rising healthcare costs and energy and cosmetic laser technology
improvements. Europe is anticipated to grow steadily as the number of older
adults increases. Moreover, Asia-Pacific is expected to have profitable growth.
Due to the region's rising disposable income, larger untapped market, and
swiftly increasing patient awareness. Also, the market's growth and expansion
are due to growing medical tourism and an increase in minimally invasive
aesthetic surgical procedures. This, along with an aging population on the rise
and relatively affordable cosmetic procedures.
market for energy and aesthetic lasers is highly competitive. Some of the
prominent market players in the global aesthetic lasers and energy devicesmarket include
Mentor Corporation, Alma
Lasers, Solta Medical, Inc., Lumenis Ltd., Palomar Medical Technologies,
Cynosure Inc., Photomedex Inc., Candela Medical, Syneron Medical, Ltd., Medicis
Pharmaceuticals Corporation, Zeltiq Aesthetics, Lutronic, Inc, Chromognex
Technologies Ltd., Cutera Palomar Medical Technologies, Ultrashape Ltd., Allergan,
Inc., Sciton, Inc. and IRIDEX Corp. To maintain and expand their market share
globally, different players are using competitive strategies such as partnerships,
acquisitions, and capitalizing on unexplored potential in India and China's
developing economies. For instance, Accure Acne, Inc. was granted the European
CE certification in May 2020 for its ground-breaking Accure Laser system to
treat patients with moderate acne vulgaris. The Accure Laser is the only
light-based system created for a market that can directly target and damage
sebaceous glands, the primary source of sebum production and the key to
effective long-term acne therapy.