The aesthetic lasers market size was valued at US$ 2,895.17 million in 2022 and is expected to reach US$ 7,341.84 million by 2030; it is estimated to record a CAGR of 12.3% from 2022 to 2030. The aesthetic lasers market growth is primarily driven by the growing adoption of noninvasive aesthetic procedures and increasing prevalence of skin disorders and growing awareness about beauty devices.
New Product Launches and Approvals Opportunity for Growth of Aesthetic Lasers Market
Healthcare facilities are constantly developing with the increasing prevalence of various chronic disorders and the surge in aesthetic procedures. There has been tremendous demand for aesthetic procedures for skin rejuvenation, antiaging treatments, body contouring, fat removal, and others. Increase in such aesthetic procedures has accelerated R&D activities that lead to innovation, new product launches, and product approvals. Recently, the aesthetic lasers industry has experienced various product launches and approvals as mentioned below:
In March 2023, Sentient launched two powerful non-laser aesthetic devices—Sculpt and Tixel. This launch increased the aesthetic device platforms for both noninvasive and non-laser devices offer safe, effective, and well-tolerated treatments for highly sought aesthetic indications.
In March 2023, one of the pioneering Indian initiatives in aesthetics and skincare procedure, Doctors Aesthetics Centre (DAC), launched Picocare 250 Majesty, the world's first 250 Picosecond Nd: YAG laser in South India. Picocare 250 Majesty is manufactured in Wontech, South Korea, and approved by USA FDA-approved skin care laser. It is manufactured to redefine the contours of skin laser care and aesthetics in India, uncovering the youthful glow hidden by aging and skin-related problems.
In April 2022, Lumibird Group, the parent company of Quantel Medical, launched the Capsulo Nd:YAG laser. The device is designed to be a fully integrated versatile laser platform, enabling efficient and effective capsulotomy and iridotomy treatments.
In April 2022, Cosmeditech launched a new range of cosmetic & aesthetic technology from TermoSalud Medical & Aesthetic, including Eneka PRO Diode Laser, Symmed Elite Face & Body Contouring and Zionic Rollactive RF Body Massage.
In April 2022, Acclaro Corporation introduced UltraClear, a laser technology system, in the US. UltraClear is powered by cold fiber laser technology that can treat different skin conditions, such as scars, fine lines, pigmentation, wrinkles, enlarged pores, and other complexion issues.
Thus, an increase in product launches, development, and other strategic collaborations among market players is likely to create considerable growth opportunities for the aesthetic lasers market growth in the coming years.
Type-Based Insights
The aesthetic lasers market, by type, is bifurcated into ablative lasers and non-ablative lasers. The ablative laser segment is further divided into carbon-di-oxide lasers and erbium lasers. The non-ablative Lasers is again bifurcated into Nd:Yag lasers, alexandrite lasers, intense pulse light (IPL), flash pulsed dye lasers and others. The non-ablative lasers segment held a larger share in aesthetic lasers market share in 2022 and the same segment is anticipated to register a higher CAGR of 12.6% during the forecast period.
Application-Based Insights
The aesthetic lasers market, by application, is segment 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.
End User-Based Insights
The aesthetic lasers market, by end user, is segment 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.
A few of the major primary and secondary sources referred to while preparing the report on the aesthetic lasers market are the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), Aesthetic Society Report, International Society of Aesthetic Plastic Surgery (ISAPS), National Institute of Health, International Electrotechnical Commission (IEC), American Medical Spa Association (AmSpa), British Association of Aesthetic Plastic Surgeons (BAAPS), Aesthetic and Anti-Aging Society of South Africa (AAMSSA)