The Aesthetic Lasers Market is forecasted to grow from USD 1.06 Billion in 2020 to USD 2.38 Billion by 2030, at a CAGR of 10.8% during the forecast period. The market is primarily driven by increased global warming resulting in severe skin damage and sunburn, increased use of oral contraceptives among women, and phototoxic drug use.
Technology advancement has enabled needle-free procedures, thereby boosting the rate of laser treatment adoption. As a preventive measure, young people also opt for cosmetic procedures and slow down the aging process.
Strict regulations are projected for cosmetic laser products to ensure increased device efficiency while treating the skin without adverse effects. In addition to the radiation safety performance standards defined by the Federal Regulations, laser device manufacturers must comply with the Federal Food, Drug, and Cosmetic Act. The increasing adoption of energy-based devices and market player’s low focus on aesthetic devices restrict this market’s growth.
In 2020, total cosmetic surgery expenditure was USD 13.22 Billion. There has been an increase of 44% in male participation over 5 years. This presents key companies in the market with an attractive opportunity to target men for non-operative cosmetic surgery.
Request a Sample@ https://qyresearchmedical.com/sample/119022
In the age group of 35 to 50 years, skin tightening is popular. 45% opt for skin tightening among people considering cosmetic manipulation. The non-invasive nature, shorter recovery times and significant results give it an upper hand over dermal fillers and implants.
Key Coverage of the Report
- Region and country wise market size of the market from the period 2019-2030. 2020 is the base year, and 2019-2030, is the forecast period
- Market by type, application, cooling mechanism, end-user and regional analysis (2015 -2017)
- Contributing factors for the high adaptation of Aesthetic Lasers
- Demand and Supply Gap Analysis
- Regional Competitors Pricing Strategy
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 6 years of all the mentioned segments, sub-segments and the regional markets
- Market Trends (Drivers, Restraints, Opportunities, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Value chain trends mapping the latest technological advancements
Salient Trends of Aesthetic Lasers Market
- The Aesthetic Lasers Market is forecasted to grow from USD 1.06 Billion in 2020 to USD 2.38 Billion by 2030, at a CAGR of 10.8% during the forecast period. The market is primarily driven by increased global warming resulting in severe skin damage and sunburn, increased use of oral contraceptives among women, and phototoxic drug use.
- Technology advancement has enabled needle-free procedures, thereby boosting the rate of laser treatment adoption. As a preventive measure, young people also opt for cosmetic procedures and slow down the aging process.
- Strict regulations are projected for cosmetic laser products to ensure increased device efficiency while treating the skin without adverse effects. In addition to the radiation safety performance standards defined by the Federal Regulations, laser device manufacturers must comply with the Federal Food, Drug, and Cosmetic Act. The increasing adoption of energy-based devices and market player’s low focus on aesthetic devices restrict this market’s growth.
- In 2020, total cosmetic surgery expenditure was USD 13.22 Billion. There has been an increase of 44% in male participation over 5 years. This presents key companies in the market with an attractive opportunity to target men for non-operative cosmetic surgery.
- In the age group of 35 to 50 years, skin tightening is popular. 45% opt for skin tightening among people considering cosmetic manipulation. The non-invasive nature, shorter recovery times and significant results give it an upper hand over dermal fillers and implants.
Companies considered and profiled in this market study
The major players in the market are Lumibird (France), IPG Photonics (US), Coherent (US), Lumentum (US), Epilog Laser (US), Jenoptik (US), Novanta (US), Trumpf (Germany), LaserStar (US), MKS Instruments (US) and others.
Market-O-Nomics
- The Aesthetic Lasers Market is forecasted to grow from USD 1.06 Billion in 2020 to USD 2.38 Billion by 2030, at a CAGR of 10.8% during the forecast period. The market is primarily driven by increased global warming resulting in severe skin damage and sunburn, increased use of oral contraceptives among women, and phototoxic drug use.
- The market for laser skin resurfacing agent is expected to grow at a CAGR of 12.5% during the forecast period. This is because it reduces the signs of aging and improves the texture, tone, and laxity of the skin. Increasing innovation and technological advances brought by market players are also expected to boost the segment’s demand in the years to come.
- The market for multiplatform lasers is expected to grow at the highest CAGR of 11.1% during the forecast period.
- The market for noninvasive tightening is expected to grow at a CAGR of 9.6% during the forecast period. Non-invasive skin tightening procedures are non-operative devices used in the deeper layers of the skin to stimulate collagen production. These devices work overtime to shrink tissue that has lost its tone and elasticity.
- The market for North America is expected to grow at a CAGR of 11.2% during the forecast period. It is due to the early acceptance of laser technology and increased awareness of lasers and their effectiveness in the treatment of all skin types.
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2030. For the purpose of this study, Reports and Data have segmented the market on the basis of type, application, end user and regional analysis.
Type (Revenue, USD Million; 2020-2030)
- Multiplatform Laser Devices
- Standalone Laser Devices
- Alexandrite Lasers
- Carbon Dioxide (Co2) Laser
- Diode Lasers
- Er:YAG (Erbium YAG) Laser
- Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
- Pulsed Dye Lasers (PDL)
- Others
Application (Revenue, USD Million; 2020-2030)
- IPL Laser Treatment
- Laser Skin Resurfacing
- Noninvasive Tightening
- Laser-Assisted Lipoplasty
- Laser Hair Removal
End User (Revenue, USD Million; 2020-2030)
- Hospitals
- Private Surgery Centers/Clinics
- Medical Spas & Centers
- Others
Region (Revenue, USD Million; 2020-2030)
- North America
- US
- Europe
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Buy quantitative research Report at discounted price – USD 1500 https://qyresearchmedical.com/report/checkout/119022/1500
You can place an order or ask any questions, please feel free to contact [email protected] | +1 9197 992 333
Blog: https://www.novaoneadvisor.com/
Blog: https://www.visionresearchreports.com/
About Us
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover North America, Europe, Latin America, Middle East and Africa, Asia- Pacific.
For Latest Update Follow Us:
URL – http://www.qyresearchmedical.com/
https://www.linkedin.com/company/qyresearch-medical/
https://www.facebook.com/QYResearch-Medical-108186514228917/