Report ID: UCMIG45J2084
Report ID:
UCMIG45J2084 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global aesthetic laser market was estimated at USD 969.5 million in 2021 and is anticipated to grow at a CAGR of 16.6% from 2022 to 2030. The increasing demand for lasers in aesthetic procedures is driven by factors such as the aging baby boomer population and the availability of disposable income among the middle class for cosmetic surgeries. However, the outbreak of COVID-19 had a significant impact on the market, with many aesthetic facilities temporarily halting their services and cancelling appointments due to the non-essential and high-contact nature of these procedures. Despite this setback, the market is expected to rebound as the pandemic subsides and the demand for aesthetic treatments continues to rise
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Equipment & Instruments by segment aggregation, the contribution of the Electronic Equipment & Instruments in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45J2084