What is the global market size of Cosmetic Laser Market?

Cosmetic Laser Market size was valued at USD 1.99 billion in 2021 and is poised to grow from USD 2.42 billion in 2022 to USD 13.08 billion by 2030, growing at a CAGR of 21% in the forecast period (2023-2030).

Global Cosmetic Laser Market Size, Share, Growth Analysis, By Type(Ablative, Non-Ablative), By Application(Hair Removal, Skin Resurfacing), By End User(Hospitals, Skin Care Clinics) - Industry Forecast 2024-2031

Report ID: SQSG35A2051 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 93 | Figures: 76

Global Cosmetic Laser Market Dynamics

Cosmetic Laser Market Driver

Technologically Advanced and Procedure-Specific Cosmetic Laser Systems

The introduction of technologically advanced and procedure-specific cosmetic laser systems is primarily attracting females to undergo aesthetic procedures such as acne reduction, hair removal, and so on. Rising demand for procedure-specific laser treatments is influencing key market players to launch novel energy-based cosmetic laser systems in the market, driving the growth of the cosmetic laser market during the forecast period. One of the factors influencing people to seek out minimally invasive cosmetic laser procedures such as hair removal, acne reduction, skin tightening, and others is the increasing value placed on physical appearance. This factor is expected to increase the demand for cosmetic laser, boosting market growth.

Increasing Obesity and the Prevalence of Skin Conditions to Drive Market Growth

People in developed and developing countries are becoming more obese as a result of sedentary lifestyles, prompting them to seek body restructuring or reshaping treatments. Laser' minimally invasive and quick action is enticing patients to undergo a variety of cosmetic procedures. This is one of the major factors that will likely drive demand for cosmetic laser. One of the reasons for the increased use of cosmetic laser for treatment is the rising prevalence of skin disease or skin conditions such as rosacea and others. As a result, the demand for minimally invasive energy-based cosmetic laser is increasing.

Global Cosmetic Laser Market Report Snapshots

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Cosmetic Laser Market size was valued at USD 1.99 billion in 2019 and is poised to grow from USD 2.42 billion in 2023 to USD 13.18 billion by 2031, growing at a CAGR of 21% in the forecast period (2024-2031).

The cosmetic laser market is competitive market. The market is being driven by the introduction of advanced light-based technologies such as infrared, radiofrequency, intense pulsed light (IPL), and light-emitting diode (LED). Primary factors influencing competitiveness include the rapid adoption of advanced devices for better treatment and technological advancements. Furthermore, major players frequently engage in mergers and acquisitions in order to retain market share and diversify product portfolios. As an example, Alma Laser announced the release of ClearSkin PRO, a non-ablative erbium applicator used in skin remodelling and resurfacing, in January 2020. Leading manufacturers are also introducing hand-held, over-the-counter (OTC) cosmetic laser and light devices for home use, which is boosting the market outlook. 'Alma Laser', 'Cynosure,', 'Sciton', 'Cutera', 'El.En. S.p.A.', 'Fotona d.o.o.', 'Hologic, Inc.', 'Lumenis', 'Sharplight Technologies Ltd.', 'Syneron Medical Ltd.', 'Aerolase Corp.', 'Bausch Health Companies, Inc.', 'Biolitec AG', 'Candela Corporation (Syneron Candela)', 'Deka Laser Technologies', 'Energist Ltd.', 'Erchonia Corporation', 'Iridex Corporation', 'Quanta System S.p.A.', 'Solta Medical (Valeant Pharmaceuticals)'

The introduction of technologically advanced and procedure-specific cosmetic laser systems is primarily attracting females to undergo aesthetic procedures such as acne reduction, hair removal, and so on. Rising demand for procedure-specific laser treatments is influencing key market players to launch novel energy-based cosmetic laser systems in the market, driving the growth of the cosmetic laser market during the forecast period. One of the factors influencing people to seek out minimally invasive cosmetic laser procedures such as hair removal, acne reduction, skin tightening, and others is the increasing value placed on physical appearance. This factor is expected to increase the demand for cosmetic laser, boosting market growth.

One of the major factors driving the growth of the cosmetic laser market is an increase in the number of skin problems. Expansion in the cosmetic industry and increased population awareness about physical appearance are two factors that are expected to drive demand for procedure-specific cosmetic laser. The number of people undergoing minimally invasive cosmetic procedures is expected to rise as a result of this. One of the primary factors driving the demand for cosmetic laser in specialty clinics is this.

The global cosmetic laser market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. A growing number of surgeons in the region, rising consumer spending power, and an increase in research activities in the domain are a few other factors driving market growth in North America. Furthermore, rising adoption of modern technologies and increased efforts to promote non-invasive cosmetic treatments are expected to have an impact on the region's market growth. Moreover, the presence of major key players in this region such as Hologic, Inc., Bausch Health Companies Inc., and Cutera, Inc. It is constantly growing in North America, owing primarily to an increase in the obese population. According to ProCon.org in the United States, the percentage of obese adult population was 36.2%, 29.4% in Canada, and 28.9% in Mexico. Obesity is expected to be especially high in the United States and Mexico, according to the Organization for Economic Cooperation and Development. Furthermore, the easy availability of cosmetic laser, a larger target population, and favourable reimbursement in the healthcare system are expected to fuel the market's growth. The Asia-Pacific cosmetic laser market is expected to grow significantly during the forecast period. This is due to an increase in cosmetic laser promotional activities in this region, which is expected to drive the cosmetic laser market in emerging Asia-Pacific countries.

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Global Cosmetic Laser Market Size, Share, Growth Analysis, By Type(Ablative, Non-Ablative), By Application(Hair Removal, Skin Resurfacing), By End User(Hospitals, Skin Care Clinics) - Industry Forecast 2024-2031

Global Cosmetic Laser Market Dynamics

Global Cosmetic Laser Market Report Snapshots

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