Global Aesthetic Lasers Market - 2022-2029

Market Overview

The global aesthetic lasers market size was valued US$ 1,132.5 million in 2021 growing at a CAGR of 11.1% during the forecast period (2022-2029).

Aesthetic lasers are instruments and consumable products, which are used for several cosmetic procedures to treat skin disorders and improve physical appearance. It involves processing the tissue using aesthetic lasers examining these tissues and cells under a microscope to examine morphological changes. These devices are used widely to enhance the physiology of wrinkled and ageing skin. In addition, these devices are also used in different applications including, tattoo removal, skin rejuvenation, skin tightening, vascular lesions, treatment of pigmented lesions.

Market Dynamics

The global aesthetic lasers market is growing rapidly due to the rising demand among consumers desiring anti-age treatments with less downtime and technology advancements in the energy-based aesthetic devices market for aesthetic lasers are likely to grow over the forecast period.

Rising adoption of non-invasive aesthetic procedures drives the growth of the market

The growing demand for non-invasive skin treatment procedures is also driving the growth of the market. The rising awareness amongst people about non-invasive surgeries with lesser side effects has increased the adoption of non-invasive aesthetic lasers and energy devices. Non-invasive skin rejuvenation treatment with lasers based, Intense Pulsed Light-based, and LED equipment is designed to provide quick and faster recovery, hence, reduced hospital stays. For instance, In August 2018, Venus Concept Ltd. launched a new Advanced Connectivity Module (ACM) Revenue Share Program, which was powered by Venus Connect smart technology. This program was launched in the U.S. and Canada, which provided guidance to customers related to aesthetics.

Moreover, the rapidly aging population in this region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive the market. For instance, according to the American Society of Plastic Surgeons, in 2020, 2.3 million cosmetic surgical procedures, 13.2 million cosmetic minimally invasive procedures, and 6.8 million reconstructive procedures were performed in the United States, with a 3% increase in the number of procedures over 2019. Thus, the growing popularity of aesthetic treatment for facial enhancement is the key market driver.

The high cost of products and treatment cost is hampering the growth of the aesthetic lasers market.

The average laser can cost anywhere from $50,000-250,000, which makes it a very significant asset to a business. equipment repairs on cosmetic laser equipment can be costly. Just one breakdown can cost up to $3,000 in parts and labor without a warranty.

On average, Intense Pulsed Light (IPL) costs around $700 to $1,200. The costs for laser skin resurfacing average around $2,300. On the other hand, fraxel laser treatments cost around $1,000 per session. The average cost for laser skin resurfacing was about $2,071 in 2018, according to the American Society of Plastic Surgeons. However, costs vary widely depending on where the procedure is being done. Because laser skin resurfacing is considered a cosmetic procedure, most medical insurance companies will not cover it.

COVID-19 Impact Analysis

The COVID-19 outbreak has impacted the aesthetic lasers market significantly. The medical aesthetic sector is facing several challenges in its manufacturing and supply chain, including delivering products to end-users. The market has observed a negative growth with a decline in the product demand from end-users, temporary closure of several end-user facilities (including beauty centers and spas), limited operations in most of the industries disrupted the supply chain and several other challenges faced in essential services due to the lockdown.

Industry Analysis

The global aesthetic lasers market provides in-depth analysis of the market based on various industry factors such as porter's five forces, regulatory analysis, supply chain analysis and pricing analysis, technological advancements, Unmet Needs.

Segment Analysis

The Standalone lasers segment is expected to hold the largest market share in global aesthetic lasers market

Standalone lasers are bifurcated into erbium YAG lasers, carbon dioxide (CO2) lasers, diode lasers, Nd: YAG lasers, pulsed dye lasers, alexandrite lasers, and others such as argon, krypton lasers, and erbium: glass lasers. These lasers have several advantages such as ease of use and simplicity of functioning, which has increased their adoption and is estimated to dominate over the forecast period. CO2 lasers produce light at a 10,600nm wavelength, which is absorbed by water in the tissue. The laser energy heats up the water until it reaches a boiling point causing the evaporation of the affected tissue.

Some heat is absorbed by tissue adjacent to the ablated target area, causing tissue coagulation which induces hemostasis (the cessation of bleeding) as well as thermal stimulation of deep skin layers, which induces fibroblast stimulation and neocollagenesis (the formation of new collagen).

The laser beam can also be transmitted through a scanner which is a device used to further control the delivery of energy. The scanner regulates the configuration of energy delivered onto the skin, which can range from covering the entire treatment area or just a fraction of it (leaving the areas in between untreated).

The overall effect of ablation and coagulation, either full or fractional, is the removal of skin and the stimulation of the body to replace it with newer, younger skin.

Geographical Analysis

North America region holds the largest market share in the global aesthetic lasers market

North America dominates the market for aesthetic lasers and is expected to show a similar trend over the forecast period, owing to the rising advancement in technology, advanced healthcare systems, and the growing adoption of minimally invasive aesthetic surgeries. In the United States, according to the American Society of Plastic Surgeons, in 2020, 13,281,235 cosmetic minimally invasive procedures were performed. Moreover, rise in the importance of aesthetic appearance, increase in advanced health care infrastructure facilities, and availability of many experienced dermatologists and cosmetic surgeons to perform the facial aesthetics is driving the growth in the region. For instance, in April 2019, Hologic, Inc. has launched Trident HD Specimen Radiography System in the U.S., Canada and Europe. The Trident HD system helps deliver superior image quality, thereby helping to reduce the recalls and streamline workflows during decreasing procedure times. It would help the company enhance its product portfolio and strengthen its position in the U.S., Canada and Europe.

Competitive Landscape

The aesthetic lasers market is highly competitive, owing to big market players in the industry. The key players of Aesthetic Lasers which are contributing to the growth of the global market include Allergan Plc., Cutera Palomar Medical Technologies, El. En. SpA, Lumenis Ltd, Sciton, Inc., SharpLight Technologies, Syneron Medical Inc., Solta Medical, among others.

Key Companies to Watch

Allergan Plc:

Overview: Allergan Aesthetics, an AbbVie company, develop, manufacture, and market a portfolio of leading aesthetics brands and products. The aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. With their own research and development team focused on driving innovation in aesthetics, the company is committed to providing the most comprehensive science-based product offerings available.

Product Portfolio: CoolSculpting treatment- It is a non-invasive fat reduction technology, used to enhance the skin texture and reduction of submental fat and double chin treatments. The product ensures the treatment of the customers needing non-invasive treatments for medical aesthetic.

The global aesthetic lasers market report would provide an access to an approx. 45+market data table, 40+figures and 180pages.