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Global Aesthetic Lasers and Energy Devices Market - 2020-2027

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Global Aesthetic Lasers and Energy Devices Market - 2020-2027
Published: September 8, 2020 Content info:
Description

Market Overview

The global aesthetic lasers and energy devices market size was worth US$ XX billion in 2018 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of 16.2 % during the forecast period (2020-2027).

Aesthetic lasers and energy devices are instruments and consumable products, which are used sed for several cosmetic procedures to treat skin disorders and improve physical appearance. It involves processing the tissue using aesthetic lasers and energy devices and 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 and energy devices market growth is majorly driven by continuous technological advancements and approval for new aesthetic lasers and energy devices. For instance, in June 2020, Sciton, a leading manufacturer of medical and aesthetic lasers and light source technologies, launched the biggest new products in the history of the organization. This new product launch, on the much-anticipated platform mJOULE, includes a new fractional treatment, MOXI, and BBL HERO, the largest advancement in the history of pulsed light-based technology.

Also, in April 2020, WONTECH, Korean laser and energy-based medical aesthetic device company received U.S. Food and Drug Administration 510 (K) clearance for its hybrid Nd: YAG & Alexandrite laser device, SANDRO DUAL.

Growing demand for non-invasive skin treatment procedures is also driving the growth of the market. With 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 are designed to provide quick and faster recovery, hence, reduced the hospital stay. For instance, in 2015, Lumenis launched a new ResurFX laser system for fractional non-ablative skin resurfacing treatments.

In addition, rising combination therapies for various aesthetic procedures is boosting the market growth. The laser-based aesthetic devices are used widely in various skin rejuvenation procedures. For instance, in tattoo removal aesthetic procedures, use of single laser-based devices are sometimes challenging. The inks used in the lasers based aesthetic lasers and energy devices get retained inside when performing multiple sessions for tattoo removal. In some cases, tattoo clearance becomes incomplete and takes subsequent sessions. Some adverse reactions, such as blistering and dyschromia, may happen during the treatment tenure. These challenges can be overcome by using the combined mode of tattoo removal treatment, which increases the demand for Aesthetic Lasers and Energy Devices. For instance, combining fractional lasers with Q-switched laser has minimized the post-treatment side effects such as blistering.

Furthermore, the growth of the market is driven by rising incidences of skin cancer and obesity globally and increasing adoption of body contouring devices. The rise in the incidences of severe skin damage owing to several reasons, including road accidents is also boosting the market growth.

However, the high cost of products and stringent regulations for device approval are hampering the growth of the aesthetic lasers and energy devices market. Also, the market growth is likely to hinder by adverse side-effects related to aesthetic treatment. These devices are associated with several side effects, as these medications work differently on different skin types and texture. Absorption of excess laser light can result in skin discoloration and blistering for a darker skin tone than lighter ones. Such post-treatment side effects create a block in opting for these treatments.

The COVID-19 outbreak has impacted the aesthetic lasers and energy devices 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 supply chain, and several other challenges faced in essential services due to the lockdown.

Segment Analysis

On the basis of product type, the global aesthetic lasers and energy devices market is segmented into body contouring devices, laser resurfacing devices, aesthetic ophthalmology devices, and others. Among these, the laser resurfacing devices segment accounted for the largest market share in 2019, owing to rising awareness among individuals toward the usage of these devices for skin or body resurfacing. In addition, laser resurfacing devices offer minimally invasive procedures for performing skin resurfacing. On the other hand, the aesthetic ophthalmology devices segment is projected to grow at the fastest CAGR over the forecast period, due to the increased usage of laser technologies in the field of ophthalmology.

The aesthetic lasers and energy devices market is further segmented based on the application into skin rejuvenation, hair removal, scar removal/skin resurfacing, skin tightening, and others. Among these, the skin tightening segment is expected to dominate the aesthetic lasers and energy devices market over the forecast period, due to the rising baby boomer population across the globe. Baby boomers are widely adopting laser technology to tighten their skin for improving their self-appearance.

Based on technology, the energy-based technology market is growing at the fastest growth rate during the forecast period, owing to the growing demand for the aesthetic procedures coupled with the increasing number of hospitals offering aesthetics. The ability to produce highly precise and controllable effects on tissues, microscopes and minimally invasive delivery systems, easy adaptability to fiberoptics, and the potential to treat some conditions by laser-based and light-based or sound waves on a specific target without touching the tissue with a solid instrument, make these devices more preferred.

The laser segment held the largest aesthetic lasers and energy devices market share in 2019, due to growing demand for minimally invasive procedures for skin rejuvenation and to remove scars, hair, tattoos, and pigmented lesions are high. Laser-based aesthetic devices are gaining popularity to perform the mentioned and other procedures because of their ability to stimulate the growth of new, healthy skin cells at a faster rate. This ability of aesthetic laser device promotes rapid and painless healing. Non-surgical fat reduction with laser techniques also has become prevalent globally.

Geographical Analysis

North America region is dominating the global Aesthetic Lasers and Energy Devices market accounted for the largest market share in 2019, owing to advanced healthcare infrastructure and experienced professionals in this region which leads to higher adoption of aesthetic lasers and energy devices in hsopitals, specialty clinics, and diagnostic centers. Also, grwoing awareness towards the benefits of non-invasive medical aesthetic treatments is also boosting the growth of the market. The number of breast augmentation and liposuction procedures in the United States has always been high.

Canadas aesthetic device market is a highly diversified and export-oriented industry that manufactures equipment and supplies where purchasers include Canadian and international hospitals, physician's offices, laboratories, clinics, as well as patients (through direct purchases). The aesthetic device sector is populated with companies driven by product innovation. The industry is able to draw on world-class innovative research being conducted in Canadian universities, research institutes and hospitals, some of which has been spun-off into Canadian medical device companies. Around 10% of Canada's medical device companies have spun off from Canadian research organizations.

Europe is also growing significantly with Germany, UK, France among the leading countries, due to growing technological advancements and expansions by market players. For instance, in June 2020, Cynosure announced the U.S., European and Australian launch of the Elite iQ™ platform, the next generation of the Elite+™ Aesthetic Workstation that allows for faster treatments with higher max energy compared to previous generation devices. The Elite iQ platform leverages Skintel, the aesthetic industry's only live Melanin Reader, to offer customized laser hair removal treatments and permanently reduce unwanted hair for all skin types, anywhere on the body including the face, back, chest, arms, underarms, bikini area and legs.

The major players are collaborating with wholesalers & retailers worlwide to increase the penetration of their aesthetic lasers and energy devices offerings in market. For instance, in April 2017, Deka Technologie Laser (DEKA's French subsidiary) has entered into a distribution agreement with Quanta System SpA to distribute and marketing El.En. Group laser systems in France.

Competitive Landscape

The global aesthetic lasers and energy devices market is fragmented with presence of large number of market players. Some of the major players contributing to the growth of the aesthetic lasers and energy devices market are: Allergan Plc., Bausch Health Companies Inc., Cutera Palomar Medical Technologies, Cynosure Inc., Fosun International Ltd., Fotona Inc., Lutronic Inc., Sciton Inc., among others. Rising awareness towards aesthetic based skin and body rejuvenation lasers and energy devices have increased the revenue opportunities for leading manufacturers to invest in aesthetic lasers and energy devices market.

The key players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the aesthetic lasers and energy devices market globally. For instance,

  • In August 2020, the US-based Sensus Healthcare has acquired mobile aesthetic laser companies Aesthetic Mobile Laser Services and Aesthetic Laser Partners in Florida, US. The transactions are expected to bring in approximately $1m in revenues over the next 12 months.
  • In May 2020, AbbVie has completed the acquisition of Allergan. AbbVie planning to launch Allergan Aesthetics, a global subsidiary under the umbrella of the AbbVie-Allergan merger.
  • In November 2019, Baring Private Equity Asia announced that its affiliated private equity funds have agreed to acquire Lumenis, a leading provider of specialty energy-based medical devices across the fields of aesthetics, urology, ophthalmology, ENT and gynecology from XIO. The transaction values Lumenis at an enterprise value of over $1 billion.

Why Purchase the Report?

  • Visualize the composition of the aesthetic lasers and energy devices market segmentation by product type, technology application, and end-user highlighting the key commercial assets and players.
  • Identify commercial opportunities in aesthetic lasers and energy devices market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of aesthetic lasers and energy devices market - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global Aesthetic Lasers and Energy Devices market report would provide an access to an approx. 69 market data table, 71 figures and 300 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
Table of Contents

Table of Contents

1. Global Aesthetic Lasers and Energy Devices market Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Global Aesthetic Lasers and Energy Devices market - Market Definition and Overview

3. Global Aesthetic Lasers and Energy Devices market - Executive Summary

  • 3.1. Market Snippet by Product Type
  • 3.2. Market snippet by Technology
  • 3.3. Market snippet by Application
  • 3.4. Market Snippet by End-User
  • 3.5. Market Snippet by Region

4. Global Aesthetic Lasers and Energy Devices market - Market Dynamics

  • 4.1. Market Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Growing adoption of non-invasive aesthetic procedures
      • 4.1.1.2. Technological advancement in aesthetic lasers & energy devices
      • 4.1.1.3. XX
    • 4.1.2. Restraints:
      • 4.1.2.1. Stringent safety regulations for aesthetic procedures
      • 4.1.2.2. XX
  • 4.2. Opportunity
  • 4.3. Impact Analysis

5. Global Aesthetic Lasers and Energy Devices market - Industry Analysis

  • 5.1. Porter's Five Forces Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. Unmet Needs
  • 5.6. COVID-19 Impact Analysis

6. Global Aesthetic Lasers and Energy Devices market - By Product Type

  • 6.1. Introduction
  • 6.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type Segment
  • 6.3. Market Attractiveness Index, By Product Type Segment
    • 6.3.1. Laser Resurfacing Devices*
      • 6.3.1.1. Introduction
      • 6.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 6.3.2. Aesthetic Ophthalmology Devices
    • 6.3.3. Body Contouring Devices
    • 6.3.4. Others

7. Global Aesthetic Lasers and Energy Devices market - By Technology

  • 7.1. Introduction
  • 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
  • 7.3. Market Attractiveness Index, By Technology Segment
    • 7.3.1. Energy Based Technology*
      • 7.3.1.1. Introduction
      • 7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 7.3.2. Light Based Technology
    • 7.3.3. Ablative Fractional Lasers
      • 7.3.3.1. Carbon Dioxide (CO2) Lasers
      • 7.3.3.2. Erbium Lasers
    • 7.3.4. Non- Ablative Fractional Lasers
      • 7.3.4.1. Nd:YAG Laser
      • 7.3.4.2. Er:Glass Laser
      • 7.3.4.3. Others
    • 7.3.5. Light Based Technology
    • 7.3.6. Radiofrequency Technology
    • 7.3.7. UV Technology
    • 7.3.8. Infrared Technology
    • 7.3.9. Low Temperature-Based Technology
    • 7.3.10. Suction Based Technology
    • 7.3.11. Others

8. Global Aesthetic Lasers and Energy Devices market - By Application

  • 8.1. Introduction
  • 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
  • 8.3. Market Attractiveness Index, By Application Segment
    • 8.3.1. Skin Rejuvenation*
      • 8.3.1.1. Introduction
      • 8.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 8.3.2. Hair Removal
    • 8.3.3. Scar Removal/Skin Resurfacing
    • 8.3.4. Skin Tightening
    • 8.3.5. Others

9. Global Aesthetic Lasers and Energy Devices market - By End-User

  • 9.1. Introduction
  • 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Segment
  • 9.3. Market Attractiveness Index, By End-User Segment
    • 9.3.1. Hospitals*
      • 9.3.1.1. Introduction
      • 9.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
    • 9.3.2. Cosmetic Surgery Centers/Clinics
    • 9.3.3. Ambulatory Surgery Centers (ASCs)
    • 9.3.4. Dermatology Clinics
    • 9.3.5. Others

10. Global Aesthetic Lasers and Energy Devices market - By Region

  • 10.1. Introduction
    • 10.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    • 10.1.2. Market Attractiveness Index, By Region
  • 10.2. North America
    • 10.2.1. Introduction
    • 10.2.2. Key Region-Specific Dynamics
    • 10.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 10.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.2.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.2.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.2.7.1. U.S.
      • 10.2.7.2. Canada
      • 10.2.7.3. Mexico
  • 10.3. Europe
    • 10.3.1. Introduction
    • 10.3.2. Key Region-Specific Dynamics
    • 10.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 10.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.3.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.3.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.3.7.1. Germany
      • 10.3.7.2. U.K.
      • 10.3.7.3. France
      • 10.3.7.4. Italy
      • 10.3.7.5. Spain
      • 10.3.7.6. Rest of Europe
  • 10.4. South America
    • 10.4.1. Introduction
    • 10.4.2. Key Region-Specific Dynamics
    • 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.4.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.4.7.1. Brazil
      • 10.4.7.2. Argentina
      • 10.4.7.3. Rest of South America
  • 10.5. Asia Pacific
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
    • 10.5.7. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
      • 10.5.7.1. China
      • 10.5.7.2. India
      • 10.5.7.3. Japan
      • 10.5.7.4. Australia
      • 10.5.7.5. Rest of Asia Pacific
  • 10.6. Middle East and Africa
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
    • 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
    • 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
    • 10.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

11. Global Aesthetic Lasers and Energy Devices market - Competitive Landscape

  • 11.1. Competitive Scenario
  • 11.2. Market Positioning/Share Analysis
  • 11.3. Mergers and Acquisitions Analysis

12. Global Aesthetic Lasers and Energy Devices market- Company Profiles

  • 12.1. AbbVie (Allergan Plc)*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Bausch Health Companies Inc.
  • 12.3. Hologic Inc. (Cynosure, Inc.)
  • 12.4. Lutronic Inc.
  • 12.5. Cutera Palomar Medical Technologies
  • 12.6. Fosun International Ltd.
  • 12.7. Lumenis Ltd.
  • 12.8. Fotona Inc.
  • 12.9. Sciton Inc.
  • 12.10. Candela Medical

LIST NOT EXHAUSTIVE

13. Global Aesthetic Lasers and Energy Devices market - Premium Insights

14. Global Aesthetic Lasers and Energy Devices market - DataM

  • 14.1. Appendix
  • 14.2. About Us and Services
  • 14.3. Contact Us
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