USD 3.91 Billion
Global Aesthetic Lasers and Energy Devices Market Size, Share, Growth Analysis, By Application(Hair removal, scar removal/skin resurfacing), By End user(Dermatology clinics, cosmetic centres) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2222 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Global Aesthetic Lasers and Energy Devices Market Insights
Aesthetic Lasers and Energy Devices Market size was valued at USD 3.91 Billion in 2021 and is poised to grow from USD 4.31 Billion in 2022 to USD 9.3 Billion by 2030, at a CAGR of 10.1% during the forecast period (2023-2030).
The global aesthetic lasers and energy devices market has been experiencing significant growth, driven by various factors. The market has witnessed rising demand due to the growing emphasis on physical appearance, increasing disposable incomes, and the aging population seeking non-surgical cosmetic treatments. One of the key drivers of this market is the continuous advancements in technology, leading to the development of more efficient and innovative laser and energy-based devices. Manufacturers are investing in research and development to introduce devices that provide better results with minimal downtime, reduced side effects, and increased patient comfort. Moreover, the rising awareness about the benefits of non-invasive procedures and the availability of a wide range of treatment options have also contributed to the market's expansion.
Additionally, the increasing prevalence of skin-related disorders and conditions, such as acne, pigmentation problems, and wrinkles, has bolstered the demand for aesthetic lasers and energy devices. These devices offer safer and more effective alternatives to conventional surgical procedures, appealing to a broader patient base. Despite the promising growth, the market also faces certain challenges. One major challenge is the stringent regulatory landscape in different regions. The approval and compliance processes for these medical devices can be time-consuming and expensive, limiting the speed of new product introductions and expansion into new markets. Furthermore, the high cost associated with aesthetic laser treatments is another hindrance. The initial investment required to acquire these devices and the ongoing maintenance costs can be significant for healthcare providers, which may deter smaller clinics or practices from offering such services. Moreover, the competition among key market players is intense. Several established and emerging companies are vying for market share, leading to pricing pressures and an emphasis on product differentiation. Lastly, concerns related to safety and potential adverse effects, though rare, may influence some individuals to opt for less-invasive or non-laser-based cosmetic treatments.
US Aesthetic Lasers and Energy Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Dermatology clinic
Fastest Growth
Dermatology clinic
Growth Rate
10.1% CAGR
Global Aesthetic Lasers and Energy Devices Market ($ Bn)
Country Share for North America Region (%)
Global Aesthetic Lasers and Energy Devices Market By End user ($ Bn)
Global Aesthetic Lasers and Energy Devices Market By End user (%)
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Global Aesthetic Lasers and Energy Devices Market Segmental Analysis
The global aesthetic lasers and energy devices market is segmented on the basis of application, end user, and region. By application, the market is segmented into hair removal, scar removal/skin resurfacing, skin rejuvenation, skin tightening, and others. By end user, the market is segmented into dermatology clinics, cosmetic centres, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aesthetic Lasers and Energy Devices Market Analysis By Application
The global aesthetic lasers and energy devices market can be segmented by application into several categories, including hair removal, scar removal/skin resurfacing, skin rejuvenation, skin tightening, and others. Among these applications, skin rejuvenation is the dominant segment in terms of market share. Skin rejuvenation treatments, which include the use of lasers and energy devices to address issues like wrinkles, pigmentation, and overall skin texture, have gained immense popularity due to their ability to provide significant aesthetic improvements with minimal downtime.
On the other hand, the fastest-growing segment in the market is hair removal. With the increasing preference for smooth and hair-free skin, the demand for hair removal procedures using aesthetic lasers and energy devices has surged. These treatments offer a long-lasting solution for hair reduction, making them a sought-after option for both men and women worldwide. Advancements in laser technology, such as the development of diode lasers and intense pulsed light (IPL) devices, have significantly improved the effectiveness and safety of hair removal procedures, further propelling the growth of this segment.
Aesthetic Lasers and Energy Devices Market Analysis By End user
The global aesthetic lasers and energy devices market can be segmented by end users into several categories, including dermatology clinics, cosmetic centres, and others. Among these end users, dermatology clinics are the dominant segment in terms of market share. Dermatology clinics are specialised medical facilities that focus on diagnosing and treating various skin conditions, including cosmetic procedures using aesthetic lasers and energy devices. These clinics are equipped with advanced technologies and staffed with trained professionals, making them a preferred choice for individuals seeking non-invasive cosmetic treatments.
On the other hand, the fastest-growing segment in the market is cosmetic centres. Cosmetic centres are specialised facilities dedicated to providing aesthetic treatments and procedures to enhance an individual's appearance. These centres offer a wide range of non-surgical cosmetic options, including laser treatments for hair removal, skin rejuvenation, and body contouring, among others. The growing popularity of cosmetic centres can be attributed to the increasing acceptance of aesthetic procedures, the convenience of one-stop cosmetic solutions, and the availability of skilled practitioners who specialise in cosmetic treatments.
Global Aesthetic Lasers and Energy Devices Market By End user, 2023 (%)
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Global Aesthetic Lasers and Energy Devices Market Regional Insights
North America is the dominant segment in terms of market share. The region's dominance can be attributed to several factors, including a large population seeking cosmetic enhancements, a well-established healthcare infrastructure, high disposable incomes, and a strong presence of key market players. Moreover, the rising awareness about non-invasive aesthetic procedures and a cultural emphasis on physical appearance have contributed to the growth of the aesthetic lasers and energy devices market in North America.
On the other hand, Asia-Pacific is the fastest-growing segment in the global market. The region's rapid growth can be attributed to the increasing adoption of aesthetic treatments, a rising middle-class population with growing disposable incomes, and a growing number of specialised aesthetic clinics and centres. Additionally, the prevalence of beauty-consciousness and the influence of western beauty standards have driven the demand for aesthetic lasers and energy devices in Asia-Pacific. Countries like China, India, South Korea, and Japan have emerged as significant contributors to the region's growth, with a surge in the number of individuals seeking non-invasive cosmetic procedures.
Global Aesthetic Lasers and Energy Devices Market By Region, 2024-2031
- Largest
- Fastest
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Global Aesthetic Lasers and Energy Devices Market Dynamics
Aesthetic Lasers and Energy Devices Market Drivers
Increasing Demand for Non-Invasive Procedures
- The growing preference for non-invasive and minimally invasive cosmetic procedures is a major driver of the market. Aesthetic lasers and energy devices offer effective treatments with reduced downtime and fewer side effects compared to traditional surgical procedures, appealing to a broader patient base.
Advancements in Technology
- Continuous advancements in laser and energy-based device technologies have led to more precise and efficient treatments, enhancing patient outcomes. Manufacturers are investing in research and development to introduce innovative devices that provide better results and improve patient satisfaction.
Aesthetic Lasers and Energy Devices Market Restraints
High Treatment Costs
- The cost of aesthetic laser and energy-based treatments can be relatively high, especially for comprehensive procedures or multiple sessions. This cost factor can limit access to such treatments for individuals with lower disposable incomes or without adequate insurance coverage.
Stringent Regulatory Approval Processes
- The regulatory landscape for medical devices, including aesthetic lasers and energy devices, can be complex and time-consuming. Obtaining regulatory approvals for new products or expanding into new markets may pose challenges for manufacturers, leading to delays and increased costs.
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Global Aesthetic Lasers and Energy Devices Market Competitive Landscape
The competitive landscape of the global aesthetic lasers and energy devices market is characterised by intense competition among various manufacturers and players operating in the industry. The market is highly dynamic, with continuous technological advancements and innovations driving the development of new and improved devices. Key market players are consistently investing in research and development to introduce cutting-edge products that cater to the diverse needs of consumers seeking aesthetic treatments. In addition to established companies, the market has witnessed the entry of new players and startups, fostering further competition. These new entrants often bring fresh perspectives and innovative solutions, challenging existing players to maintain their market position through differentiation and improvement in product offerings.
Strategic collaborations, partnerships, and mergers and acquisitions are common in this industry as companies seek to expand their product portfolios, enhance their geographical reach, and gain a competitive edge. Such strategic moves also enable players to leverage each other's expertise and resources, facilitating accelerated growth and market penetration. Furthermore, the competitive landscape is influenced by factors such as pricing strategies, marketing and promotional efforts, and after-sales services. Companies often engage in marketing campaigns and educational programs to increase awareness about their products and create a strong brand presence in the market.
Aesthetic Lasers and Energy Devices Market Top Player’s Company Profile
- Alma Lasers - Israel
- Lumenis Ltd. - Israel
- Cynosure (A division of Hologic Inc.) - USA
- Fotona d.o.o. - Slovenia
- Sciton Inc. - USA
- Lutronic Corporation - South Korea
- Bausch Health Companies Inc. - Canada
- Venus Concept Ltd. - Canada
- El.En. S.p.A. - Italy
- Solta Medical Inc. (A division of Bausch Health Companies Inc.) - USA
- Lynton Lasers Ltd. - United Kingdom
- Quanta System S.p.A. - Italy
- Cutera (Australia) Pty Ltd. - Australia
- Imdad LLC - UAE
- Viora Ltd. - Israel
- LISA Laser Products GmbH - Germany
- Fotofinder Systems GmbH - Germany
Aesthetic Lasers and Energy Devices Market Recent Developments
- In February 2023, Cynosure Inc. announced the launch of its new PicoSure laser platform, which is designed to treat a variety of aesthetic concerns, including skin resurfacing, tattoo removal, and hair removal.
Global Aesthetic Lasers and Energy Devices Key Market Trends
- Expanding Applications: Aesthetic lasers and energy devices are finding new applications beyond traditional skin rejuvenation and hair removal. There is increasing use in scar treatment, tattoo removal, vaginal rejuvenation, and non-surgical fat reduction, among others. This expansion of applications is driving market growth as the devices become more versatile.
- Rise in Home-Use Devices: The market has seen a surge in the development and availability of home-use aesthetic devices. These devices offer convenience and privacy to consumers, allowing them to perform certain treatments at home. While professional treatments remain crucial for more complex procedures, home-use devices are gaining traction for maintenance and mild treatments.
Global Aesthetic Lasers and Energy Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aesthetic lasers and energy devices market analysis, North America remains a dominant force due to its well-established infrastructure and consumer demand. However, Asia-Pacific's fastest-growing status highlights the region's potential for further expansion in the aesthetic lasers and energy devices market. The global aesthetic lasers and energy devices market has experienced significant growth and evolution over the years, driven by the increasing demand for non-invasive cosmetic procedures, technological advancements, and the growing emphasis on physical appearance.
Aesthetic lasers and energy devices have emerged as effective alternatives to traditional surgical treatments, offering patients safer and more convenient options for skin rejuvenation, hair removal, body contouring, and more. The market has seen continuous innovation, with manufacturers introducing advanced devices that provide better outcomes and increased patient comfort. Combination therapies and expanding applications have further enriched the treatment options available to consumers, leading to enhanced results and personalised solutions. Despite the challenges posed by regulatory requirements, pricing pressures, and safety concerns, the market continues to thrive, propelled by the pursuit of beauty-consciousness and aging demographics worldwide. With an increased focus on patient safety, home-use devices, and improved comfort during treatments, the global aesthetic lasers and energy devices market is poised for continued growth in the coming years, catering to the evolving needs of an ever-growing customer base seeking aesthetic enhancement and self-confidence.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.91 Billion |
| Market size value in 2031 | USD 9.3 Billion |
| Growth Rate | 10.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Aesthetic Lasers and Energy Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Aesthetic Lasers and Energy Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Aesthetic Lasers and Energy Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Aesthetic Lasers and Energy Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Aesthetic Lasers and Energy Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Aesthetic Lasers and Energy Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Aesthetic Lasers and Energy Devices Market Report Snapshots
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