Aesthetic Lasers And Energy Devices Market by Technology (Laser-Based Technology, Light-Based Technology, and Energy-Based Technology), Product (Laser Resurfacing Devices, Body Contouring Devices, and Aesthetic Ophthalmology Devices), Application (Hair Removal, Scar Removal and Skin Resurfacing, Skin Rejuvenation, Skin Tightening, and Others), End User (Multi Specialty Centers, Standalone Centers, and Cosmetic Surgery Centers & Clinics) And Geographic Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Aesthetic Lasers And Energy Devices Market Size and Overview
The aesthetic lasers and energy devices market size is poised to reach USD 7.1 billion by the end of 2032, growing at a CAGR of 9.4% during the forecast period, i.e., 2023 – 2032. In the year 2022, the industry size of aesthetic lasers and energy devices market was USD 2.9 billion. The reason behind the growth can be attributed to the increasing desire, for invasive cosmetic procedures, advancements in technology, The increasing adoption of laser based devices, expanding middle class in developing regions and prevalence of skin diseases. The marketplace incorporates a wide range of devices, along with products. The market is highly competitive with key players striving to meet evolving customer demands.
Aesthetic Lasers And Energy Devices Market: Report Scope
Base Year Market Size
Forecast Year Market Size
Aesthetic Lasers And Energy Devices Market Segmentation
- Laser-Based Technology
- Light-Based Technology
- Dynamic Pulse Control (DPC) technology
- Intense Pulsed Light (IPL) technology
- Energy-based Technology
- UV technology
- Infrared technology
- Radiofrequency technology
- Low temperature-based technology
- Suction based technology
- Laser resurfacing devices
- Fractional Ablative Skin Resurfacing Devices
- Conventional Laser Resurfacing Devices
- Body contouring devices
- Liposuction Devices
- Fat Reduction devices
- Cellulite Reduction Devices
- Non-Surgical Skin Tightening Devices
- Aesthetic Ophthalmology Devices
- Hair removal
- Scar removal/skin resurfacing
- Skin rejuvenation
- Skin tightening
By End User
- Multi-specialty centers
- Standalone Centers
- Cosmetic Surgery Centers/Clinics
By Geographic Regions
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of technology type in the aesthetic lasers and energy devices market the laser-based technology segment accounted the highest market share in 2022. Laser based technology dominates the lasers and energy devices market holding the market share. The reason, behind this is the growing preference for laser procedures in applications like laser skin resurfacing, laser hair removal and wrinkle treatment. Lasers possess the ability to precisely target areas of the skin making them highly effective, for a range of treatments.
Aesthetic Lasers And Energy Devices Market Regional Analysis
North America stands as one of the major markets for aesthetic lasers and energy devices, driven through the emphasis on youthful and radiant skin in both men and women. Additionally technological advancements in aesthetic lasers and energy devices make contributions to the region’s dominance. The United States, primarily, is a key contributor on this marketplace. Europe is one of the leading marketplaces for aesthetic lasers and energy devices because of the region’s increasing focus on aesthetic lasers and energy Devices management and mix of residential and professional users. The European market showcases a developing interest in non-invasive cosmetic procedures, fueled by the desire for youthful and radiant skin. The Asia Pacific Aesthetic Lasers and energy devices market is estimated to witness significant growth, during the forecast timeframe led by, rapid urbanization, increasing disposable incomes, and a growing appreciation for aesthetic treatments. The demand for aesthetic lasers and energy devices is anticipated to rise in countries like China and India, in which expanding middle class and rising popularity of cosmetic treatments among urban residents. Latin America and the Middle East and Africa display steady growth inside the aesthetic lasers and energy Devices market, fueled via rising middle class and a growing demand for cosmetic treatments in these regions. Key participants to the market's growth in these areas encompass Brazil, Mexico, the United Arab Emirates, and South Africa.
Aesthetic Lasers And Energy Devices Market Growth Drivers
The increasing desire, for invasive cosmetic procedures and the quest for youthful and glowing skin are driving the demand for efficient and trustworthy equipment. Furthermore, advancements in technology have paved the way for energy based devices attracting individuals seeking surgical cosmetic treatments. The growing popularity of invasive cosmetic procedures and the importance placed on maintaining a youthful and radiant appearance contribute to the growth of this market. The increasing adoption of laser based devices presents opportunities for growth. These devices offer invasive and effective solutions for hair removal, skin rejuvenation and body contouring. This shift towards invasive cosmetic procedures aligns with the growing emphasis on natural looking results and minimal recovery time. The expanding middle class in developing regions is fueling the demand for lasers and energy devices. Consumers are willing to invest in treatments that come equipped with features and incorporate new technologies thereby driving the growth of emerging technologies in the aesthetic industry. The prevalence of skin diseases is on the rise with conditions like acne and wrinkles becoming increasingly common due to factors such as stress, pollution and unhealthy lifestyle habits. Lasers and energy devices are used to treat skin conditions including acne breakouts, wrinkles, as well, as age spots.
Aesthetic Lasers And Energy Devices Market Challenges
High cost of devices and stringent regulations are hindering the growth of market. In developing regions, this factor has resulted in limited demand for product. Moreover, the lack of skilled professionals is also restricting the growth of market.
Aesthetic Lasers And Energy Devices Market Key Companies
The aesthetic lasers and energy devices market is poised by several main corporations, each making big contributions to the industry through their sturdy market presence and progressive product offerings. Among these principal players are Allergan, Mentor, Alma Lasers, Bausch Health, Merz, Hologic, Novartis, Lumenis, Syneron, Cynosure, Solta, Cutera, PhotoMedex, Lutronic, Fotona, Quanta System SpA, Energist And other players. These essential players constantly try and revamp their marketplace percentage and meet the desires of a diverse investor base. Their competitive techniques encompass product innovation, forging strategic partnerships, undertaking mergers and acquisitions, and increasing their distribution networks.
In January 2023, Allergan plc (AbbVie Inc.) announced that it has acquired Zeltiq Aesthetics, Inc., a leading provider of non-surgical body contouring treatments
In February 2023, Mentor Worldwide LLC (Johnson & Johnson) announced that it has launched the Motiva Flora breast implant, which is the first breast implant to be made with a biocompatible, plant-based material.