From 2024 to 2031, the worldwide Aesthetic Lasers and Energy Devices market is expected to expand at a CAGR of 10.1%. USD 4.5 billion is the market value in 2022; by 2031, it is predicted to be USD 11.2 billion. With the highest revenue share, North America led the market in 2022.
Driven by increased demand for less invasive cosmetic treatments, technical developments in device capabilities, and rising aesthetic awareness among consumers, the market for aesthetic lasers and energy devices is seeing strong development. Growing discretionary budgets and the need for young looks are driving market growth in both rich and poor countries.
Economic Trend: Growing need for minimally invasive and non-invasive cosmetic treatments.
Treatments that are non-invasive and minimally invasive are clearly driving the aesthetic lasers and energy devices industry. Customers are looking for efficient aesthetic solutions with little downtime, less discomfort, and fewer side effects. Innovation in laser and energy-based technologies driven by this trend is producing increasingly sophisticated and flexible tools. Manufacturers are concentrating on building multi-functional platforms so that one gadget may solve many aesthetic issues. Furthermore, combined treatments using many energy modalities to get the best outcomes are becoming preferred. The move toward non-invasive therapies is also broadening the clientele, as more people are ready to go through these operations because of their convenience and lower dangers than more conventional surgical choices.
Market driver: technological developments in cosmetic products.
A main driver of market expansion in aesthetic lasers and energy devices is ongoing technical development. Manufacturers are substantially funding research and development to add creative ideas and raise treatment effectiveness. Recent developments include the use of artificial intelligence and machine learning algorithms to maximize treatment parameters and customize operations. Developed to maximize patient comfort and reduce negative effects, enhanced cooling systems. Furthermore, the development of fractional technology has transformed skin resurfacing procedures as it provides better outcomes with less downtime. More exact and strong energy sources have developed, therefore extending the spectrum of treated diseases and enhancing general results. These technical developments are attracting patients as well as practitioners, therefore promoting adoption rates and market growth.
Market Restraints: Expensive expenses related to cosmetic surgeries and tools.
The great expenses related to energy devices and cosmetic lasers seriously limit the expansion of the business. Smaller clinics and individual practitioners may find it difficult to afford the initial outlay needed to acquire these sophisticated tools. Furthermore, included in the total cost are running expenses and maintenance required. From a consumer standpoint, the great expense of cosmetic procedures applied with these technologies restricts their availability for a larger audience. Cosmetic treatments are out-of-pocket costs for patients as they are not covered by insurance. Particularly in markets or areas with lower discretionary incomes or price sensitivity, this cost element might turn off potential consumers. These high expenses have even more of an economic effect during recessionary times, which might lower demand for elective cosmetic operations.
Mostly in use are laser devices.
In the market for aesthetic lasers and energy devices, laser devices have the highest proportion. Their adaptability in tackling a broad spectrum of cosmetic issues—including hair removal, skin rejuvenation, and tattoo removal—helps to explain their predominance. Laser technology provides exact targeting of certain skin structures, therefore enabling efficient treatments with little impact on adjacent tissues.
Thanks to continuous technical innovation, including the creation of picosecond lasers and combination wavelength systems, the sector of laser devices is expanding. These developments have increased the spectrum of curable diseases and enhanced treatment results, therefore motivating adoption among both patients and professionals.
With modern healthcare infrastructure, North America dominates the market.
Driven by a well-established healthcare system and high consumer expenditure on cosmetic treatments, North America dominates the market for aesthetic lasers and energy devices. Early adoption of innovative technology and a rich pool of experienced professionals help the area.
Particularly, the United States has a large market share because of its strong aesthetic industry and the great aesthetic sensibility of its people. Good refund rules for several laser-based medical procedures help to drive industry expansion even further. Furthermore, encouraging innovation and market growth in the area are the existence of important market players and continuous research and development projects. The increasing tendency of medical tourism for cosmetic operations in nations like Canada further helps the market dominance of the area.
There are numerous major manufacturers fighting for market share in the very competitive market for aesthetic lasers and energy devices. To launch creative items and increase their product lines, big businesses are emphasizing research and development. Common ways used to improve market positions include strategic alliances, mergers, and acquisitions. Businesses are also spending on increasing their geographical footprint, especially in developing countries. Established medical equipment businesses mixed with specialist aesthetic technology companies define the competitive scene. Important differences include technical innovation, clinical effectiveness, safety profiles, and after-sales assistance. Competition is predicted to become more fierce as the industry expands, therefore fostering more innovation and maybe resulting in market consolidation.
Cynosure, Inc.
Lumenis Ltd.
Syneron Medical Ltd.
Cutera, Inc.
Alma Lasers, Ltd.
Sciton, Inc.
Solta Medical, Inc.
Lynton Lasers Ltd.
Venus Concept Ltd.
Fotona d.o.o.
For more treatment flexibility, Cynosure, Inc. debuted a new multi-application platform in 2023 incorporating laser, radiofrequency, and ultrasonic technologies.
In particular, In 2022, Lumenis Ltd. unveiled an upgraded fractional CO2 laser system with AI-driven therapy optimization for skin resurfacing operations, hence producing better results.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022-2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global Aesthetic Lasers and Energy Devices Market (2018 –2022)
3.2. Global Aesthetic Lasers and Energy Devices Market (2023 –2031)
3.2.1. Market Segment By Product Type (2023 –2031)
3.2.2. Market Segment By Application (2023 –2031)
3.2.3. Market Segment By End-user (2023 –2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Rising demand for non-invasive and minimally invasive aesthetic treatments
4.1.2. Increasing popularity of combination therapies
4.1.3. Growing focus on men's aesthetics
4.2. Market Drivers
4.2.1. Technological advancements in aesthetic devices
4.2.2. Rising aesthetic consciousness and disposable incomes
4.2.3. Expanding applications in medical aesthetics
4.3. Market Restraints
4.3.1. High costs associated with aesthetic procedures and devices
4.3.2. Regulatory challenges and safety concerns
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY PRODUCT TYPE (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Laser Devices
5.2. Light Therapy Devices
5.3. Radiofrequency Devices
5.4. Ultrasound Devices
6. BY APPLICATION
6.1. Hair Removal
6.2. Skin Rejuvenation
6.3. Body Contouring
6.4. Tattoo Removal
7. BY END-USER
7.1. Hospitals
7.2. Dermatology Clinics
7.3. Medical Spas
8. GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. Middle-East
8.5.1. UAE
8.5.2. Saudi Arabia
8.5.3. Turkey
8.5.4. Rest of Middle East
8.6. Africa
8.6.1. South Africa
8.6.2. Egypt
8.6.3. Rest of Africa
9. COMPETITIVE LANDSCAPE
9.1. Key Developments
9.2. Company Market Share Analysis
9.3. Product Benchmarking
10. SWOT ANALYSIS
11. COMPANY PROFILES
11.1. Cynosure, Inc.
11.2. Lumenis Ltd.
11.3. Syneron Medical Ltd.
11.4. Cutera, Inc.
11.5. Alma Lasers, Ltd.
11.6. Sciton, Inc.
11.7. Solta Medical, Inc.
11.8. Lynton Lasers Ltd.
11.9. Venus Concept Ltd.
11.10. Fotona d.o.o.
11.11. Candela Corporation
11.12. Hologic, Inc. (*LIST, NOT EXHAUSTIVE)
12. MARKET OPPORTUNITIES
By Product Type:
Laser Devices
Light Therapy Devices
Radiofrequency Devices
Ultrasound Devices
By Application:
Hair Removal
Skin Rejuvenation
Body Contouring
Tattoo Removal
By End-user:
Hospitals
Dermatology Clinics
Medical Spas
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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