The global aesthetic lasers and energy devices Market is projected to value US$ 4,560.8 Million by 2026 and the market is projected to showcase 9.9% CAGR during the forecast period. The aesthetic lasers and energy devices market is driven by rise in prevalence of skin related disorders and skin cancer.
The rise in prevalence of skin cancer and other skin related diseases across the globe leads to rise in the number of skin patients who undergoes various skin treatment and surgeries using different techniques. This, in turn, is expected to surgethe demand for aesthetic devices and procedures, thereby driving the growth of the overall market. Also, the cost-effectiveness and flexibility of laser devices and rise in demand for novel laser technologies are the major factors boosting the demand and usage of laser processes in the global aesthetic laser and energy devices market.
The laser resurfacing devices segment is projected to hold largest share of the aesthetic laser & energy devices market due to the introduction of novel laser treatments, various product launches, and rise in investment on R&D activities. Manufacturers are focusing mainly on research and development in order to innovate aesthetic products with advanced laser technologies. Acceptance of laser-based aesthetic devices is growingrapidly due to the wide usage of laser devices. In March 2016, U.S. FDA approved Venus Concept of Venus Versa system for various applications that includes hair removal and skin resurfacing treatment.
The global aesthetic laser & energy devices market is segmented into product type, application, end-user and region. On the basis of product type, the global aesthetic laser & energy devices market is segmented into body contouring devices, laser resurfacing devices, cosmetic ophthalmology, and others. The body contouring devices is further segmented into fat reduction devices, skin tightening devices, cellulite reduction devices, liposuction devices, and others. Moreover, the laser resurfacing devices is further bifurcated into conventional devices and fractional ablation skin resurfacing devices. On the basis of application, the global aesthetic laser & energy devices market is segmented skin tightening & liposuction, scar removal, skin rejuvenation, hair removal, and ophthalmic applications. On the basis of end-user, the global aesthetic laser & energy devices market is segmented into cosmetic centres, dermatology clinics, hospitals, and ambulatory surgery centres (ASCs). On the basis of region the global aesthetic laser & energy devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Based on product type, the global aesthetic lasers and energy devices market can majorly be segmented into threesub-segment, which arebody contouring devices, laser resurfacing devices, and cosmetic ophthalmology. The body contouring devices is further segmented into fat reduction devices, skin tightening devices, cellulite reduction devices, liposuction devices, and others. Moreover, the laser resurfacing devices is further bifurcated into conventional devices and fractional ablation skin resurfacing devices. The laser resurfacing devices segment is expected to hold largest share of the global market due to the technological advancements, new product launches, and investment by manufacturers on research and development activities.
The surge in adoption of non-invasive aesthetic devices and improved healthcare infrastructure in North America region are the key factor boosting the growth of the aesthetic lasers and energy devicesmarket in this region.Also, the ease of access to user friendly aesthetic devices and rise in demand for skin treatmentsare the factors expected to drive the aesthetic lasers and energy devicesmarket in the upcoming years.
Geographically, the aesthetic laser & energy devices market is mainly led by developed countries such as the U.S, Germany, France, U.K, Japan and others. The main reason for growth of the global market is the absence of melanin pigments which improves the skin degradation and ageing. Also, the availability of innovativelaser-based treatment in dermatology clinics from past few years have uplifted the market. The Asia Pacific market is the fastest growing market due to high disposable income, preference of consumers towards beauty & cosmetic treatment and growing aesthetic centres.
The major players associated with the aesthetic lasers and energy devices market are Alma Lasers Ltd., Syneron Medical Ltd., Alcon, Inc. (Novartis AG), Cutera, Zeltiq Aesthetics, Chromogenex Technologies, Sciton, Inc., Medicis Pharmaceutical Corporation, Cynosure, Inc., Lumenis Ltd, and Deka Laser etc. The key players are investing heavily on research and development activities to manufacture innovative aesthetic devices using laser technologies.Moreover, the players associated with the global aesthetic lasers and energy devices market are aimingprimarily on product launch, merger and acquisition strategy to increase their customer base.
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