The Global Aesthetic Lasers and Energy Devices Market in 2021 had a valuation of USD 3.9 Billion. Market Cap set to grow to USD 9.3 Billion at CAGR 10.1% by 2030.
Aesthetic Lasers and Energy Devices Market Highlights and Stats
● In 2021, the worldwide Aesthetic Lasers and Energy Devices market was valued at USD 3.9 Billion, and it is projected to expandtoUSD 9.3 Billion by2030.ThemarketisexpectedtoexperienceaCompoundAnnualGrowthRate(CAGR)of10.1% duringthisperiod.
● In 2021, the North American region dominated the aesthetic lasers and energy devices market with a share of over 39%. Plasticsurgeonsintheregionperformedanaverageof320surgeries,accordingtostatisticsfromtheAestheticSociety.
● Additionally, plastic surgeons in North America performed over 1.4 million surgical and non-surgical procedures in 2021, as reportedbytheAAFPRS.
● TheAsia-PacificregionisprojectedtoexperienceasignificantCAGR10.5%between2022and2030.Laserresurfacingdevice accounted for the largest product type share, with 44% of the market share in the year 2021. Energy-based technology emergedasthedominanttechnology,generatingsharesof67%intheyear2021.
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Aesthetic Lasers and Energy Devices Market Analysis
The aesthetic lasers and energy devices market refers to the devices and systems used in non-surgical cosmetic procedures to improvetheappearanceofskinandhair.Themarketisdrivenbytheincreasingdemandforminimallyinvasivecosmeticprocedures, thegrowingagingpopulation,andtherisingprevalenceofskindisorders. Keyfactorsdrivingthegrowthoftheaestheticlasersandenergydevicesmarketincludetechnologicaladvancements,theincreasing acceptanceofnon-invasivecosmeticprocedures,andrisingdisposableincomelevels.However,themarketalsofaceschallengessuch asthehighcostofthesedevicesandtheneedforskilledprofessionalstooperatethem. Despitethesechallenges,theaestheticlasersandenergydevicesmarketis expectedtocontinuetogrowinthecomingyears,driven bytheincreasingdemandfornon-surgicalcosmeticproceduresandthedevelopmentofmoreadvancedandaccessibledevicesthat improvepatientoutcomesandreducetheriskofcomplications.
Aesthetic Lasers and Energy Devices Market Trends
● Non-invasive body contouring: Non-invasive body contouring devices, such as radiofrequency and cryolipolysis, are becomingincreasinglypopularforreducingstubbornfatandimprovingbodyshape.
● Microneedling: Microneedling devices use small needles to stimulate collagen production and improve skin texture and appearance.
● Fractional laser resurfacing: Fractionallaserresurfacingdevicesusetargetedlaserbeamstoimprovetheappearanceoffine lines,wrinkles,andscars.
● Intense pulsed light (IPL) therapy: IPL therapy devices use high-intensity pulses of light to reduce the appearance of skin pigmentationandsundamage.
● Hair removal: Laser hair removal devices use targeted laser beams to remove hair from the body, providing a more longlastingandeffectivehairremovaloption.
● Tattoo removal: Laser tattoo removal devices use targeted laser beams to break down ink particles in tattoos, allowing for theirremoval.
● Skin rejuvenation: Devicessuchasradiofrequencyandultrasoundarebeingusedforskinrejuvenationtoimproveskintone andtexture.
● LED therapy: LEDtherapydevicesusespecificwavelengthsoflighttotargetskinconcernssuchasacne,hyperpigmentation, andaging.
● Portable devices: Portableaestheticdevicesarebecomingmorepopular,allowingforconvenientandaccessibletreatments athomeoron-the-go.
● Combination treatments: Combination treatments, such as using multiple devices or procedures in one session, are becomingmorepopularformorecomprehensiveandeffectiveresults.
● Virtual consultations: Virtual consultations are becoming more popular, allowing for remote consultation and treatment planning.
● 3D imaging: 3Dimagingtechnologyisbeingusedforaccuratetreatmentplanningandpatientvisualization.
Growth Dynamics in the Aesthetic Lasers and Energy Devices Market
● Demand for non-surgical cosmetic procedures: Thegrowingdemandforminimallyinvasivecosmeticproceduresisdriving growthintheaestheticlasersandenergydevicesmarket.
● Globalization of the cosmetic industry: The globalization of the cosmetic industry is creating new opportunities for the aestheticlasersandenergydevicesmarket,suchastheneedforimprovedsupplychainmanagement.
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● Increasing focus on physical appearance: Aspeopleplacemoreemphasisonphysicalappearance,thedemandforcosmetic proceduresanddevicesisincreasing.
● Skin tightening: Devicessuchasradiofrequencyandultrasoundarebeingusedforskintighteningandanti-agingtreatments.
● Non-invasive vaginal rejuvenation: Non-invasive vaginal rejuvenation devices are becoming more popular for improving vaginalhealthandsexualsatisfaction.
● Medical tourism: Medical tourism is driving growth in the aesthetic lasers and energy devices market, as people travel abroadforcosmeticprocedures.
● Social media influence: Social media platforms are increasing the awareness and demand for cosmetic procedures, driving growthinthemarket.
● Regulatory approvals: Theapprovalofnewaestheticlasersandenergydevicesbyregulatorybodiesisdrivinggrowthinthe market.
● Advancements in safety features: Aesthetic lasers and energy devices with improved safety features are driving patient confidenceanddemandforthesetreatments.
Aesthetic Lasers and Energy Devices Market: Reasons for Slowdown
● High cost of devices: Thehighcostofaestheticlasersandenergydevicescanbeabarrierforsomepatientsandhealthcare providers.
● Economic downturns: Economic downturns can lead to reduced healthcare spending and slower growth in the aesthetic lasersandenergydevicesmarket.
● Safety concerns: Safety concerns related to aesthetic lasers and energy devices can lead to decreased consumer confidence andslowergrowth.
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● Limited availability of trained professionals: A shortage of trained professionals with expertise in aesthetic lasers and energydevicesmaylimittheiruptakeanduse.
● Limited availability of devices in certain regions: Aesthetic lasers and energy devices may not be widely available in all regions,limitingtheiraccessibility.
● Cultural and social barriers: Cultural and social factors may influence the acceptance and adoption of aesthetic lasers and energydevicesincertainregions.
● Patent expiration: As patents expire on existing aesthetic lasers and energy devices, it may become more difficult for companiestomaintaintheirmarketshare.
● Adverse events: Adverse events related to aesthetic lasers and energy devices can lead to decreased consumer confidence andslowergrowth. Get
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Segmentation of the market
● Based on Type of product
○ BodyContouringDevice
■ SkinTighteningDevice
■ FatReductionDevice
■ LiposuctionDevice
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■ CelluliteReductionDevice
■ Other
○ AestheticOphthalmologyDevices
○ LaserResurfacingDevice
■ FractionalAblativeSkinResurfacingDevice
■ ConventionalDevice
● Based on Application
○ SkinRejuvenation
○ ScarRemoval
○ OphthalmicApplications
○ HairRemoval
○ SkinTightening&Liposuction
● Based on Technology
○ Energy-BasedTechnology
■ UVTechnology
■ InfraredTechnology
■ RadiofrequencyTechnology
■ LowTemperature-BasedTechnology
■ SuctionBasedTechnology
■ Other
○ Light-BasedTechnology
■ IntensePulsedLight(IPL)Technology
■ DynamicPulseControl(DPC)Technology
● Based on End User
○ DermatologyClinics
○ CosmeticCenters
○ AmbulatorySurgeryCenters(ASCs)
○ Hospitals
Aesthetic Lasers and Energy Devices Market Regional Analysis
● AestheticLasersandEnergyDevicesmarketshareforthe North American regionisthelargestworldwideinrevenueterms, drivenbyfactorssuchasincreasingdemandfornon-invasiveprocedures,ahighstandardofliving,andadvancedhealthcare infrastructure. The market is highly competitive, with a large number of established players and a high level of product innovation.However,regulatoryhurdlesandhighcostsarepotentialchallengesthatcouldhindermarketgrowth.
● Aesthetic Lasers and Energy Devices Market share for the Asia-Pacific region is experiencing the fastest growth, driven by factorssuchastheincreasingacceptanceofcosmeticprocedures, risingdisposableincomelevels, andagrowingpopulation. The market is highly fragmented, with many smaller players operating alongside established companies. However, cultural andsocialfactorscaninfluencetheacceptanceandadoptionofaestheticlasersandenergydevicesinsomeregions.
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● Europe is an important market for Aesthetic Lasers and Energy Devices, driven by factors such as the aging population, increasing disposable income levels, and growing awareness about cosmetic procedures. However, the market is highly regulated,andregulatoryrequirementscanbeasignificantbarriertomarketentryfornewcompanies.Additionally,economic challengessuchasBrexitandtheCOVID-19pandemichaveimpactedmarketgrowth.
● The MEA and South American regionalmarketshaveasmallerAestheticLasersandEnergyDevicesmarketshare,drivenby factors such as increasing medical tourism, a growing middle class, and rising awareness about cosmetic procedures. The marketishighlycompetitive,withamixofestablishedandemergingplayers.However,economicchallengessuchaspolitical instabilityandfluctuationsinoilpricescanimpactmarketgrowth.
Key Players in the Aesthetic Lasers and Energy Devices Market
Hologic Inc., Cynosure Inc., Syneron Candela, Alma Lasers Ltd., Lumenis Ltd., Sciton Inc., Cutera Inc., Aerolase Corp., Venus Concept Ltd., SoltaMedicalInc.,Fotona d.o.o., BauschHealthCompaniesInc.,El.En.S.p.A., LutronicCorp., Viora Ltd., SharplightTechnologies Inc., Quanta System S.p.A., Human Med AG, Biolitec AG, DermaConcepts USA LLC, ThermiGen LLC, Laseroptek Co. Ltd., Alma Lasers Inc.,LISALaserProductsOHGandEllipseA/S.
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