[187+ Pages Report] The global consumption and demand for the aesthetic lasers and energy devices market was assessed at almost USD 4,600 Million in 2019 and is foreseen to create revenue of about USD 9,250 Million by end of 2026, developing at a CAGR of around 10.5% between 2020 and 2026.
Global Aesthetic Lasers And Energy Devices Market: Overview
Sun-damaged skin, wrinkles, and unnecessary lesions are treated with cosmetic lasers and energy products. It's also used to get rid of tattoos and treat acne. The demand for cosmetic lasers and energy products is also being driven by rising skin damage rates and rapidly changing lifestyles. Over the forecast period, the global aesthetic lasers and energy devices market is expected to rise, owing to increasing global obesity rates, demand for minimally invasive procedures, and a change in patient preferences from hospital to home care. Laser devices are gaining popularity as a result of inherent features such as ease of use and reduced time consumption, and are thus instrumental in the adoption rate of the same as a part of home care services.
Global Aesthetic Lasers And Energy Devices Market: Growth Factors
The rise in awareness about medical aesthetics, advances in the field of aesthetic devices, and the rise in obesity around the world are all driving the global aesthetic lasers and energy devices market forward. Furthermore, non-invasive skin rejuvenation and wellness treatments using lasers, IPL, and LED equipment have shortened hospital stays because they are designed to provide a quick and faster recovery. Other factors that contribute to the market for non-invasive surgeries using Aesthetic Lasers and Energy Devices include the following. Lumenis, for example, launched The aesthetic lasers and energy devices market is expected to benefit from technological advancements such as the launch of portable pen-shaped devices, which will provide a lucrative growth opportunity for this market. Manufacturers are investing heavily in research and development in order to offer technologically advanced products that are simple to use, low in cost, and high in functionality. Over the forecast period, these factors are expected to drive market growth. The overall aesthetic lasers and energy devices market is divided into skin resurfacing and body contouring devices based on the product form.
Global Aesthetic Lasers And Energy Devices Market: Segmentation
The aesthetic lasers and energy devices market is bifurcated based on product type, technology type, application, and end-user. On the basis of product type, the market is separated into aesthetic ophthalmology devices, body contouring devices, and laser resurfacing devices. The segment of laser resurfacing devices leading the market growth market owing to the rise in the treatments such as skin resurfacing, skin rejuvenation, and other skin-related treatments using laser resurfacing devices. Furthermore, based on technology, the market is split into light-based technology, laser-based technology, and energy-based technology. The laser-based technology segments dominate the market growth owing to its huge implementation and usage in skin treatments across the globe. Its reliable and safe-for-usage feature makes it popular among many dermatology specialists. Liposuction & skin tightening, ophthalmic application, hair removal, skin rejuvenation, scar removal & skin resurfacing are the applications that make up the global esthetic lasers and energy solutions sector. Obesity is a major global issue that influences a vast number of individuals and is driving the use of liposuction treatments. Liposuction was the most used treatment in the United States in 2016, and it is predicted to grow at the fastest rate over the projected period. As a result, the segment is likely to grow in the coming future as the global obesity rate rises and per capita income rises. The global esthetic lasers and energy devices market can be bifurcated into three types of end-users: cosmetic centers & dermatology clinics, hospitals, and ambulatory surgery centers (ASCs). Because of the increased demand for ambulatory surgery centers in developing countries, the ASCs segment is expected to expand at a rapid rate. Ambulatory surgical centers are advanced healthcare services that specialize in same-day surgery. Patients favor ASCs to hospitals because of the lower cost of services, the aftercare offered by ASCs, and the use of minimally invasive surgery that enable patients to heal faster. According to a survey commissioned by the Texas Ambulatory Surgery Center Society, ASCs perform almost 75 percent of all surgeries in developing regions.
Global Aesthetic Lasers And Energy Devices Market: Regional Analysis
North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa make up the global aesthetic lasers and energy devices industry. In terms of sales, North America dominated the global market in 2019, and this pattern is projected to continue over the forecast period. The market in the area is expected to expand due to increased awareness and acceptance of various non-invasive aesthetic services, improved health care infrastructure, and an increase in the incidence of skin disorders. Furthermore, the demand for cosmetic treatments among men and easy access to user-friendly aesthetic devices are expected to propel the aesthetic lasers and energy devices market forward in the near future.
Global Aesthetic Lasers And Energy Devices Market: Competitive 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. 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.
Global Aesthetic Lasers And Energy Devices Market: By Product Type Segmentation Analysis:
Global Aesthetic Lasers And Energy Devices Market: By Technology Type Segmentation Analysis
Global Aesthetic Lasers And Energy Devices Market: By Application Segmentation Analysis
Global Aesthetic Lasers And Energy Devices Market: By End-User Segmentation Analysis:
Global Aesthetic Lasers And Energy Devices Market: Regional Segment Analysis
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Industry Major Market Players
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