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Professional Aesthetic Lasers Market Research Report - Global Industry Analysis and Demand Forecast to 2030 - ResearchAndMarkets.com

·4-min read

The "Professional Aesthetic Lasers Market Research Report: By Laser Type, Application, End User - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

Global professional aesthetic lasers market value, which was $1,303.9 million in 2020, will reach $3,387.4 million by 2030, at a 10.3% CAGR between 2021 and 2030.

With age, the skin loses its vascular and glandular networks, stem cells, and fibrous tissue, which leads to dryness, wrinkles, sagging, and pigmentary alteration. Therefore, coupled with the rising geriatric population, their increasing appearance consciousness is acting as a key professional aesthetic lasers market growth driver. This is because these devices and treatments reduce the signs of aging, as well as revitalize and tighten the skin.

The professional aesthetic lasers market is witnessing sluggish advance during the COVID-19 pandemic. Due to the imposed lockdowns and restrictions on movement, the production and trade of aesthetic lasers have suffered a lot. Moreover, with most cosmetic centers and non-essential departments at hospitals closed down, the volume of aesthetic procedures has reduced. On the demand side, unemployment and salary cuts are rampant across the world, which are discouraging people to spend on luxuries, such as skin treatment.

Professional Aesthetic Lasers Market Segmentation Analysis

The alexandrite category held the largest share in the professional aesthetic lasers market in the past, on the basis of laser type. These lasers are widely used for hair removal, skin rejuvenation, pigmentation treatment, tattoo removal, and vascular lesion treatment. This is because these products are considered effective and safe for different types of human skin, as they emit light in the wavelength of 755 nanometers (nm).

Throughout this decade, the professional aesthetic lasers market is predicted to be dominated by the skin rejuvenation category, under the application segment. Elderly people often complain of scars, wrinkles, fine lines, rough texture, enlarged pores, and dull tone of the skin, which is why they regularly opt for skin rejuvenation procedures carried out via lasers.

Under segmentation by end user, the private clinics category will witness the highest professional aesthetic lasers market CAGR in the years to come. There are many private clinics around the world dedicated to providing skin treatments, which leads to a high footfall at such places.

North America is the largest professional aesthetic lasers market presently, owing to the presence of numerous laser manufacturers and aesthetic centers, increasing spending on healthcare, and rising awareness about laser-based skin treatments. The fastest growth in the market will be witnessed in the Asia-Pacific (APAC) region in the years to come. With the increasing disposable income, enhancing healthcare infrastructure, low treatment cost, and surging awareness about skin treatments, the usage of lasers for related purposes is rising in the region.

Major players in the global professional aesthetic lasers market are Lumenis Ltd., Alma Lasers Ltd., Cutera Inc., Syneron Medical Ltd., EL.EN. S.p.A., Sciton Inc., Fotona D.o.o., Laseroptek Co. Ltd., Hologic Inc., Imdad LLC, Jeisys Medical Inc., Lutronic Corp, Bausch Health Companies Inc., Laser Aesthetics SA, Bluecore Company, and Venus Concept Ltd.

Market Report Highlights

Market Dynamics

Trends

  • Increase in footfall at medical spas

  • Rising inclination toward improved appearance

Drivers

  • Increasing awareness through seminars and conferences

  • Surging geriatric population

  • Rising disposable income

  • Growing medical tourism industry

  • Increasing volume of aesthetic procedures

  • Technological advancements

  • Increasing awareness about safety and advantages of laser-based aesthetic devices

  • Impact analysis of drivers on market forecast

Restraints

  • Lack of reimbursement policies

  • Stringent regulatory requirements

  • Impact analysis of restraints on market forecast

Opportunities

  • Extensive research leading to technical innovations

Definition of Market Segments

By Laser Type

  • CO2

  • Er:YAG

  • Diode

  • PDL

  • Nd:YAG

  • Alexandrite

  • Others

By Application

  • Hair removal

  • Skin rejuvenation

  • Pigmentation

  • Vascular lesions

  • Tattoo removal

  • Others

By End User

  • Hospitals

  • Private clinics

  • Spas and salons

  • Others

Companies Mentioned

  • Alma Lasers Ltd.

  • Lumenis Ltd.

  • Syneron Medical Ltd.

  • Cutera Inc.

  • Sciton Inc.

  • EL.EN. S.p.A.

  • Laseroptek Co. Ltd.

  • Fotona D.o.o.

  • Imdad LLC

  • Hologic Inc.

  • Lutronic Corp.

  • Jeisys Medical Inc.

  • Laser Aesthetics SA

  • Bausch Health Companies Inc.

  • Venus Concept Ltd.

  • Bluecore Company

For more information about this report visit https://www.researchandmarkets.com/r/fqoejp

View source version on businesswire.com: https://www.businesswire.com/news/home/20210511005789/en/

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