The global aesthetic lasers market is expected to grow at a CAGR of 12.5% from 2024 to 2031, reaching a value of USD 3.2 billion by 2031, up from USD 1.4 billion in 2024. North America dominates the market, accounting for 40% of the global share in 2024, driven by high adoption rates of advanced aesthetic procedures and the presence of key market players. The market is witnessing strong growth due to rising disposable incomes, growing awareness about aesthetic procedures, and technological advancements leading to more effective and safer treatments.
Market Trend: Combination treatments gaining popularity Aesthetic practitioners are increasingly combining different laser modalities or laser treatments with other cosmetic procedures for enhanced results.
Combination treatments in cosmetic laser surgery are becoming more popular as people seek more complete and effective results. Practitioners are increasingly leveraging the synergistic effects of multiple laser technologies, or combining laser treatments with additional modalities such as injectables, microneedling, or radiofrequency. Combining fractional ablative lasers with non-ablative lasers, for example, can address both superficial and deeper skin issues simultaneously, resulting in better overall skin texture and appearance. This method not only improves treatment efficacy but also allows for customised solutions based on individual patient demands. The trend is particularly noticeable in facial rejuvenation operations, which sometimes address various ageing issues in a single session. As patients want more comprehensive and efficient treatments, manufacturers respond by creating multi-functional platforms that include a variety of laser technologies and additional modalities. This tendency is projected to promote innovation in device design and treatment methods, hence increasing the market for multi-functional aesthetic laser systems.
Market Driver: Growing demand for non-invasive body contouring procedures The increasing preference for non-surgical fat reduction and body sculpting treatments is driving the adoption of laser-based body contouring technologies.
The increased desire for non-invasive body contouring operations has emerged as a major driver in the aesthetic lasers market. As people seek alternatives to surgical liposuction, laser-based fat-reduction and body-shaping technologies are gaining popularity. This trend is driven by a number of variables, including a desire for operations with little downtime, a lower chance of problems, and natural-looking results. Laser-based body contouring technologies, such as low-level laser therapy (LLLT) and laser-assisted lipolysis, provide precise fat removal and skin tightening without the need for incisions or lengthy recovery times. Because of their efficiency in removing localised fat deposits and enhancing body shape, these procedures are increasingly commonly employed in medical spas and dermatological offices. Furthermore, the growing emphasis on physical attractiveness and fitness, combined with the growth of social media, has increased demand for these operations among people of all ages. As technology advances, improving treatment precision and efficacy, the market for laser-based body contouring devices is predicted to surge, fuelling overall growth in the aesthetic lasers industry.
Market Restraint: High treatment costs and limited reimbursement The significant expenses associated with aesthetic laser procedures and lack of insurance coverage pose barriers to widespread adoption.
Despite the growing popularity of cosmetic laser treatments, the industry confronts problems such as high treatment costs and limited payment choices. Aesthetic laser procedures are typically regarded as elective and cosmetic, resulting in limited or no reimbursement under health insurance programs. This places the full price burden on the patient, making these therapies expensive for a large percentage of the population. The high prices are due to a number of variables, including the significant investment necessary for sophisticated laser equipment, ongoing maintenance costs, and the requirement for qualified practitioners to carry out the treatments. For example, a series of laser hair removal treatments could cost several thousand dollars, but more complex procedures, such as laser skin resurfacing, could be much more expensive. The expensive barrier not only restricts patient access, but also keeps smaller clinics and medical spas from investing in cutting-edge laser equipment. To address this issue, some providers are offering financing alternatives or therapy bundles to make procedures more accessible. However, the overall high cost of medications continues to be a substantial obstacle to market expansion, especially in nations with lower disposable incomes. Efforts to create more cost-effective technologies and improve treatment efficiency are underway, but breaking through the cost barrier remains a significant issue for future market penetration.
Non-Ablative Lasers dominates the global aesthic laser market
Non-ablative lasers have evolved as a key niche in the aesthetic lasers market, providing excellent skin rejuvenation and hair removal procedures with minimal downtime and a low risk of adverse reactions. This sector comprises technology such as diode lasers, Nd:YAG lasers, and intense pulsed light (IPL) devices that target specific skin structures while avoiding harm to the outer layer of skin.
Recent advancements in the non-ablative lasers business include improved cooling systems for increased patient comfort, as well as the creation of dual-wavelength devices capable of treating multiple skin disorders at once. Cynosure and Lumenis, for example, have created distinct platforms that incorporate a variety of non-ablative technologies to provide a diverse spectrum of treatments.
According to current forecasts, non-ablative lasers will account for more than 65% of the worldwide aesthetic lasers market in 2023. Market researchers predict that this segment will grow at a compound annual growth rate (CAGR) of 11.5% between 2024 and 2031, outpacing the total market. This surge is being driven by an increasing client preference for "lunchtime procedures" with short recovery times, as well as the expanding use of non-ablative lasers in a variety of cosmetic treatments.
The dominant region is North America, leading market share owing to high cosmetic procedure acceptability and advanced healthcare infrastructure.
North America now dominates the global aesthetic lasers market, owing to high disposable salaries, strong aesthetic consciousness, and a well-established cosmetic surgery sector. The region's dominance is due to the existence of important market participants, early adoption of novel technologies, and a huge patient population seeking aesthetic treatments. The United States, in particular, leads in aesthetic laser operations, with a large concentration of dermatology clinics and medical spas that provide a variety of laser-based treatments.
Recent breakthroughs in the North American industry include the increasing popularity of combination therapy and the incorporation of AI-powered technology into aesthetic laser equipment. Furthermore, the rise in non-invasive and minimally invasive procedures has increased demand for aesthetic laser treatments in the area.
Key facts show that North America will account for roughly 40% of the global aesthetic lasers market revenue in 2023. The region is expected to maintain its leadership position over the projected period, with a 9.8% CAGR from 2024 to 2031.
Recent News
Cutera received FDA 510(k) clearance for their AviClear laser system in 2023, making it the first and only energy device approved in the United States for the treatment of mild, moderate, and severe acne.
Key Statistics
Between 2019 and 2022, the number of laser hair removal procedures in the United States climbed by 27%, with more than 1.1 million treatments performed annually.
Nonsurgical skin tightening procedures, including laser treatments, grew 14.8% in the United States between 2021 and 2022.
Country News
In 2022, Health Canada approved Cynosure's PicoSure laser system for the treatment of acne scars and pigmented lesions, expanding the scope of picosecond laser uses in Canada.
The aesthetic lasers sector is intensely competitive, with leading players focused on strategic acquisitions, product advances, and global expansions to maintain market supremacy. Lumenis, Cynosure, and Candela are among the leading companies, with more than 30% of the global market share in 2024. These companies are making significant investments in R&D to develop new laser technologies and expand their product offerings.
Lumenis exhibited its commitment to innovation by introducing the NuEra Tight with FocalRF technology, a temperature-controlled RF device for skin tightening, in 2023. Candela strengthened its global reach in 2022 with the acquisition of Astanza Laser, a leading manufacturer of Q-switched lasers for tattoo removal and pigmented lesions. Such strategic actions are expected to worsen the competitive landscape over the forecast period.
Looking ahead, the market is predicted to grow significantly due to technological advancements, increased demand for minimally invasive procedures, and new applications for aesthetic lasers. However, high treatment costs and regulatory barriers may stifle market growth to some extent. Nonetheless, the overall outlook is positive, with expanding markets offering untapped development opportunities for market participants.
The aesthetic lasers market is now undergoing upheaval, with technological advancements and increasing customer preferences altering the industry environment. The rising demand for minimally invasive cosmetic procedures, combined with advancements in laser technology, is expected to drive significant market growth over the forecast period.
As more people seek natural-looking results with minimal downtime, cosmetic laser treatments are becoming the preferred alternative to traditional surgical procedures. This trend is bolstered by the increasing availability of multiplatform laser devices, which offer a wide range of treatment choices for a variety of skin conditions.
However, the high expense of aesthetic laser treatments remains a substantial deterrent, particularly in price-sensitive areas. To expand their customer base and access new markets, manufacturers and service providers must prioritise cost-effective solutions and innovative business methods.
Strategic collaboration among industry actors, including manufacturers, doctors, and regulatory authorities, will be important in deciding the future direction of the aesthetic lasers market. Collaborative efforts in research, education, and industry standards will help to address the challenges presented by shifting regulatory landscapes and ensure the delivery of safe, effective treatments to patients worldwide.
Finally, the market for aesthetic lasers is predicted to grow fast due to technological developments and growing client demand. To fully realise the market potential in the next years, market participants must overcome challenges such as high treatment costs and regulatory constraints.
Lumenis
Cynosure
Candela
Cutera
Alma Lasers
Fotona
Aerolase
Sciton
El.En. S.p.A.
Solta Medical
Lumenis received FDA approval for their non-invasive skin tightening product, NuEra Tight with FocalRF technology, in January 2024.
Candela bought Astanza Laser in September 2023, strengthening its portfolio in the tattoo removal and pigmented lesion therapy areas.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. INDUSTRY SWOT ANALYSIS*
5. COMPANY PROFILES
5.1. Lumenis
5.2. Cynosure
5.3. Candela
5.4. Cutera
5.5. Alma Lasers
5.6. Fotona
5.7. Aerolase
5.8. Sciton
5.9. El.En. S.p.A.
5.10. Solta Medical
5.11. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising Demand for Minimally Invasive Aesthetic Procedures
6.1.2. Increasing Adoption of Home-use Aesthetic Devices
6.1.3. Growing Medical Tourism for Aesthetic Treatments
6.2. Market Drivers
6.2.1. Technological Advancements Enhancing Treatment Outcomes
6.2.2. Rising Disposable Incomes and Changing Beauty Standards
6.2.3. Increasing Awareness about Aesthetic Procedures
6.3. Market Restraints
6.3.1. High Treatment Costs and Limited Reimbursements
6.3.2. Stringent Regulatory Guidelines and Approval Processes
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Standalone Lasers
7.1.1. Alexandrite Lasers
7.1.2. Diode Lasers
7.1.3. Nd:YAG Lasers
7.1.4. CO2 Lasers
7.1.5. Er:YAG Lasers
7.1.6. Pulsed Dye Lasers
7.2. Multiplatform Lasers
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Hair Removal
8.2. Pigmentation & Tattoo Removal
8.3. Body Shaping & Tightening
8.3.1. Skin Resurfacing
8.3.2. Skin Rejuvenation
8.4. Acne & Scar Removal
8.5. Others
9. BY END USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Hospitals
9.2. Medical Spas & Specialty Clinics
9.2.1. Dermatology Clinics
9.2.2. Cosmetic Surgery Centers
9.3. Others
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)*
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031
BY PRODUCT
BY APPLICATION:
BY END USER
BY REGION
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