According to our new research study on “Aesthetic Lasers Market Forecast to 2030 – by Type, Application, and End User,” the aesthetic lasers market size is expected to reach US$ 7,341.84 million by 2030 from US$ 2,895.17 million in 2022; the market is estimated to record a CAGR from 2022 to 2030. Factors driving the aesthetic lasers market growth are the advantages of aesthetic devices and the increasing awareness regarding the beauty devices.
Various companies are developing innovative technologies for aesthetic lasers. For instance, 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.
Based on type, the global aesthetic lasers market is bifurcated into type ablative lasers (carbon-di-oxide lasers and erbium lasers); non-ablative lasers [Nd:Yag lasers, alexandrite lasers, intense pulse light (IPL), flash pulsed dye lasers, and others]. The non-ablative lasers segment held a larger market share in 2022 and the same segment is anticipated to register a higher CAGR during the forecast period. 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), flash pulsed dye lasers, and others. 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. Thus, increase in number of patients with skin diseases is anticipated to create significant opportunity for segment growth.
Based on application, the global 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. The facial and skin tightening segment held a largest market share in 2022 however hair removal segment is anticipated to register a highest CAGR of 13.0% during the forecast period. 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 trudged 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.
The aesthetic lasers market, by end user, is segmented into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held a largest market share in 2022 and same segment is anticipated to register a highest CAGR of 12.7% during the forecast period. With the need for specialized dermatology treatments, patients tend to visit specialty dermatology clinics for rapid and effective services. This in turn is expected to drive the growth of end users and contribute to the overall market growth.
By geography, the aesthetic lasers market is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia Pacific), Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
A few 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., El En SpA., Alma Lasers Ltd., Cynosure LLC. And Candela Corp among the key companies operating in the aesthetic lasers market among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com