Aesthetic Laser Market

Global aesthetic laser market is expected to grow at a CAGR of 10.5% during forecast period 2022-2030. The global aesthetic laser market is primarily driven by the adoption of non-surgical aesthetic procedures (Hair Removal, Skin Tightening and others). Growing geriatric population further drives the aesthetic laser market. As with the aging, skin’s fragility increases due to the thinning of the epidermis. Hence, with the increasing age of people, the probability of aesthetic treatments also increases boosting the demand for laser treatments. According to National Institute of Health (United states), 8.5% of total worldwide population (617 million) were aged 65 and above in 2015. Further, these figures are projected to reach about 1.6 billion by the end of 2050.

Hair Removal Laser Treatment Dominates in Terms of Market Revenues

The global aesthetic laser market has been segmented on the basis of type, application, end user. The application segment is further sub segmented into hair removal, skin rejuvenation, vascular lesions, pigmented lesion & Tattoo removal and others. Hair removal leads the application segment in terms of revenue in the global aesthetic laser market with around 28.10% market share in 2021. The high adoption of aesthetic lasers for hair removal is due to the fact that laser hair removal provides a long-term solution for hair removal compared to traditional methods of hair removal (waxing, tweezing and shaving) furthermore laser hair removal also aids to prevent and eliminate ingrown hairs. Hair removal dominates the application segment of global aesthetic laser market by capturing largest market share of over 28% in 2021. Hair removal market is anticipated to grow at a CAGR of 10.4% during forecast period of 2022-2030. The high adoption of aesthetic lasers for hair removal is attributed to the fact that laser hair removal provides a long-term solution for hair removal compared to traditional methods of hair removal (waxing, tweezing and shaving) moreover laser hair removal also helps to prevent and eliminate ingrown hairs. With the growing adoption of laser hair removal, the market for aesthetics lasers is expected to grow substantially over the forecast period.

Skin Rejuvenation in the Application Segment to Grow at Highest Rate

Skin rejuvenation market is expected to rise at highest CAGR of 10.9% during the forecast period. Notable adoption of laser-based non-invasive treatments for skin rejuvenation acts as a key driver for the global aesthetic laser market by skin rejuvenation segment. for instance, laser skin resurfacing is a highly effective way for the treatment of skin imperfections such as moles, acne scars, brown spots, wrinkles and lines and several other skin lesions coupled with scars from any surgery or trauma. Skin resurfacing from laser removes the dead skin cells to treat the skin problems while enabling the skin tightening with healthier skin. in addition, the spider vein laser treatment is another non-invasive aesthetic laser treatment that eliminates the undesired red spider veins visible on the face and neck. The major benefits of spider vein laser treatment are that the veins after being removed through treatment doesn’t return and the procedure is also fast. Furthermore, microlaser peel is another non-invasive skin rejuvenation treatment that supports the complete skin resurfacing. This procedure treats all the skin imperfections such as wrinkles, acne scars, brown spots, etc. Therefore, substantial adoption of such non-invasive laser driven procedures boost the global aesthetic laser market growth by skin rejuvenation segment.

North America Takes the Lion’s Share

Geographically, the global aesthetic laser market has been segmented into North America, Europe, Asia Pacific and Rest of World (ROW). North America leads the global Aesthetic laser market by capturing largest market share in terms of revenue of around 32.17% in 2021. The aesthetic laser market in North America is driven primarily due to high disposable income per capita of the region coupled with high demand for non-invasive cosmetic surgeries in the countries of North America region. High disposable income affirms a promising customer base for cosmetic surgeries thereby driving the demand for aesthetic lasers. Asia Pacific is anticipated to be the fastest growing region with a CAGR of 11.2% during the forecast period. The growth rate of Asia Pacific aesthetic laser market is attributed due to the increasing geriatric population that would strive towards the adoption of laser treatment. for instance, aging population in Asia Pacific are rapidly rising, as per the United States Census Bureau. in addition, elderly population in Asia Pacific was 8% of the total population (373 million) in 2016 and is expected to increase by 12% by 2030.

Aesthetic Laser Market Remains as Highly Competitive Market

Product launch is the primary strategy adopted by companies in global aesthetic laser market. New and advanced products help to improve company’s market visibility while competing effectively with key competitors in the market.Partnership and collaboration is the secondary strategy adopted by companies in global aesthetic laser market.The intensity of competitive rivalry in global aesthetic laser market is expected to remain at high during the forecast period. The aesthetic laser market is highly competitive with the presence of significant number of players, such as Lumenis Ltd. (Israel), Sharplight Technologies Inc. (Israel), Alma Lasers (U.S.), Syneron Medical Limited (Israel), Cynosure Inc. (U.S.) and others. Companies are trying to compete with each other by providing the same characteristics and similar price or by similar features at competitive prices for products in global aesthetic laser market. Moreover, the operating companies in aesthetic laser market are engaged in improving the quality of product by using high quality electronic parts, adoption of new technologies and joining hand with other companies.

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2022 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. the derived market estimates were further validated from top down, bottom strategies and primary research. the scope of the market is limited to the following segments of product categories and region.

By Type (2020-2030; US$ Mn)

• Standalone Lasers
• Multiplatform Lasers

By Application (2020-2030; US$ Mn)

• Hair Removal
• Skin Rejuvenation
• Vascular Lesions
• Pigmented Lesion & Tattoo Removal
• Others

By End Users (2020-2030; US$ Mn)

• Private Clinics
• Hospitals
• Medical Spas
• Others

By Region (2020-2030; US$ Mn)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

• Pre Covid-19 situation
• Post Covid-19 situation

Key questions answered in this report

• What are the key market segments in current scenario andin the future by product categories?
• What are the key market segments in current scenario andin the future by regions?
• What is the key impact of Covid-19 over market revenues and market determinants in the global aesthetic laser market?
• What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
• What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
• How to overcome the current market challenges and leverage the opportunities in each of the market segment?
• Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
• What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth?