23-Apr-2021 | Facts and Factors
Findings from Facts and Factors report “Aesthetic Lasers And Energy Devices Market By Product Type (Laser Skin Resurfacing Devices, Micro-Needling Products, Nonsurgical Skin Tightening Devices, Light Therapy Device, and Others), By Treatment Type (Laser Lipo, Body Contouring, Skin Tightening, Instant Rejuvenation, and Others), and By End-User (Medical Spas and Beauty Salons, Hospitals and Aesthetic Clinics, Home Settings): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global aesthetic lasers and energy devices market in 2019 was approximately USD 1,800 Million. The market is anticipated to grow at a CAGR of 11.7% and is anticipated to reach around USD 3,900 Million by 2026.
Aesthetic lasers and energy devices are medical devices used in a variety of cosmetic therapies to repair skin defects and improve a person's appearance. Using surgical procedures to enhance or beautify one's facial appearance has long been a common practice, and it grew in popularity in the early 1990s as medical and makeup technology advanced. The physiology of wrinkled and aged skin is widely improved using this technology. Apart from that, these devices are used for skin rejuvenation, pigmented lesions treatment, tattoo removal, vascular lesions treatment, and skin tightening, among other things.
Browse the full “Aesthetic Lasers And Energy Devices Market By Product Type (Body Contouring Devices, Laser Resurfacing Devices, and Aesthetic Ophthalmology Devices), By Technology Type (Light-Based Technology, Laser-Based Technology, and Energy-Based Technology), By Application (Liposuction & Skin Tightening, Ophthalmic Application, Hair Removal, Skin Rejuvenation, Scar Removal & Skin, Resurfacing, and Others), and By End-User (Cosmetic Centers & Dermatology Clinics, Hospitals, Ambulatory Surgery Centers (ASCs)): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/aesthetic-lasers-and-energy-devices-market.
The global aesthetic lasers and energy devices market is expected to rise, owing to increasing global obesity rates, demand for minimally invasive treatments, and a change in patient preferences from hospital to home treatment. The demand for cosmetic lasers and energy products is also being driven by rising skin injury rates and increasingly shifting lifestyles. Laser technologies are gaining prominence as a result of essential features such as ease of use and reduced time consumption, and are hence instrumental in the acceptance rate of the same as a part of home care services. The aesthetic lasers and energy devices industry is expected to benefit from technological advancements such as the launch of compact pen-shaped devices, which would provide a lucrative growth opportunity for this sector. Manufacturers are investing extensively in research and development in order to produce technologically sophisticated products that are simple to use, low in cost, and strong in functionality. Over the projected period, these factors are expected to drive market growth.
Cosmetic centers and dermatology laboratories, hospitals, and ambulatory surgical centers are the three groups of end-users in the global aesthetic lasers and energy devices industry (ASCs). The segment of ambulatory surgical centers is projected to grow rapidly due to its increased demand in developed countries. Ambulatory surgical centers (ASCs) are specialist healthcare facilities that focus on same-day surgery. Patients prefer ASCs over hospitals because of the reduced quality of services, the aftercare provided, and the use of minimally invasive surgery, which allows patients to recover more quickly. According to a survey commissioned by the Texas Ambulatory Surgery Center Society, ambulatory surgery centers perform nearly 75% of all surgeries in developing countries. The global esthetic lasers and energy solutions market include applications such as liposuction and skin tightening, ophthalmic application, hair removal, skin rejuvenation, scar removal, and skin resurfacing. Obesity is a significant global problem that affects a large number of people and drives the use of liposuction procedures. In 2016, liposuction was the most common procedure in the United States, and it is expected to rise at the highest pace over the next few years. As a result, as the global obesity rate increases and per capita income rises, the category is expected to increase in the future.
In terms of market share, North America led the global economy in 2017, and this pattern is projected to continue over the prediction period. The market in the area is expected to expand due to increased awareness and acceptance of various non-invasive cosmetic treatments, improved health care facilities, and an increase in the incidence of skin disorders. Furthermore, the demand for beauty treatments among men and easy access to user-friendly aesthetic devices are expected to propel the aesthetic lasers and energy devices industry forward in the near future.
Since health care resources have been prioritized to tend to patients affected by COVID-19, regular health care programs have remained suspended, adversely impacting the cosmetic lasers and energy devices sector. In order to slow the propagation of the SARS-CoV-2 virus, both countries implemented a lockout that took place in March 2020. Clinics that have laser, light-based, and powerful pulsed light therapies have been closed since then. As the rate of COVID-19 contamination declines, the entire government has provided recommendations for a gradual and gradual release of the lockout. Many countries are enabling the secure reopening of laser, light, and energy-based facilities in this light. The British Medical Laser Services, for example, has provided recommendations based on the best available and current clinical data.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4,600 Million |
Projected Market Size in 2026 |
USD 9,250 Million |
CAGR Growth Rate |
10.5% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Syneron Medical Ltd., Chromogenex Technologies Ltd., Alcon, Inc. (Novartis AG), Mentor Corporation, Ultrashape Ltd., Cynosure, Inc., Solta Medical, Inc., Deka Laser Palomar Medical Technologies, Alma Lasers Ltd., Photomedex Inc., Cutera, Medicis Pharmaceuticals Corporation, Lumenis Ltd., Zeltiq Aesthetics, Sciton, Inc., Allergan, Inc, Lutronic, Inc, and Others. These key players in order to obtain a reputed position in the global market have implemented several strategies such as signing agreements, bonds, contracts, partnerships, joint ventures, new product launches, collaborations, and mergers & acquisitions.
|
Key Segment |
By Product Type, By Technology Type, By Application, By End-User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Top Market Players
The major players dominating the global aesthetic lasers and energy devices market in terms of revenue and development are Syneron Medical Ltd., Chromogenex Technologies Ltd., Alcon, Inc. (Novartis AG), Mentor Corporation, Ultrashape Ltd., Cynosure, Inc., Solta Medical, Inc., Deka Laser, Palomar Medical Technologies, Alma Lasers Ltd., Photomedex Inc., Cutera, Medicis Pharmaceuticals Corporation, Lumenis Ltd., Zeltiq Aesthetics, Sciton, Inc., Allergan, Inc, Lutronic, Inc, and Others. Aesthetic laser and energy device companies are working on new marketing tactics to expand their product range as well as their global reach. In order to lead the market for aesthetic lasers and energy devices, manufacturers of aesthetic lasers and energy devices are using commercially based pricing techniques. Profitable discounts, a large distribution network for consumables and supplies, collaborating with local as well as multinational suppliers, and long-term partnerships with pathology labs, clinics, and contract testing organizations are some of the other major business tactics used by aesthetic lasers and energy system manufacturers. For instance, a distribution agreement was signed between Deka Technologie Laser and Quanta System in April 2017. This deal was signed for distributing and marketing El.En. Group laser systems in France.
This report segments the global aesthetic lasers and energy devices market as follows:
Global Aesthetic Lasers And Energy Devices Market: By Product Type Segmentation Analysis:
- Body Contouring Devices
- Laser Resurfacing Devices
- Aesthetic Ophthalmology Devices
Global Aesthetic Lasers And Energy Devices Market: By Technology Type Segmentation Analysis
- Light-Based Technology
- Laser-Based Technology
- Energy-Based Technology
Global Aesthetic Lasers And Energy Devices Market: By Application Segmentation Analysis
- Liposuction & Skin Tightening
- Ophthalmic Application
- Hair Removal
- Skin Rejuvenation
- Scar Removal & Skin
- Resurfacing
- Others
Global Aesthetic Lasers And Energy Devices Market: By End-User Segmentation Analysis:
- Cosmetic Centers & Dermatology Clinics
- Hospitals
- Ambulatory Surgery Centers (ASCs)
Global Aesthetic Lasers And Energy Devices Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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