The global aesthetic laser & energy devices market size is estimated to exceed by US$ 4,560.8 Million by 2026, the market is estimated to grow at 9.9% CAGR during the forecast period. Rise in demand for skin rejuvenation among consumers is one of the factors that is expected to boost the growth of the global aesthetic laser & energy devices market.
In the past few years, the cosmetic industry has undergone rapid transformation owing to the introduction of advanced skin treatment devices and laser technologies. Various technological advancements in the aesthetic devices industry, upsurge in disposable income, surge in awareness about skin rejuvenation & appearance are the major factors boosting the demand of aesthetic devices in developing economies as well as developed economies. The latest trend is adoption of innovative and advanced surgical devices in the aesthetic devices market has continued and are growing at a rapid pace. The aesthetic laser and energy devices consist of advanced lasers, ultrasound devices, light-based systems and radio frequency based devices. All the devices are used as a combination of various energy types with an objective to offer effective skin therapy. Aesthetic laser and energy devices are mainly used in skin and hair treatment that include various applications such as skin rejuvenation, tattoo removal, and skin tightening.
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Aesthetic laser devices market has undergone rapid development in the past few years after the FDA approval of first aesthetic laser device. With the increasing demand among consumers for anti-age skin treatments and advancement in the technology with respect to the energy and laser based aesthetic devices market are expected to grow exponentially in the upcoming years. The global aesthetic laser & energy devices market for hair reduction and removal is one of the fastest growing segments in the aesthetic laser and energy devices market after skin rejuvenation and skin treatment. Manufacturers are focusing mainly on research and development in order to innovate aesthetic products with advanced laser technologies. The laser resurfacing devices is most widely used in skin treatment.In March 2016, the 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 centers, dermatology clinics, hospitals, and ambulatory surgery centers (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.
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The key players catering to the global aesthetic laser & 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 in the aesthetic laser & energy devices market are constantly focusing on research and development in order to expand their product portfolio and increase their customer base in developing regions. The key players in the aesthetics laser & energy devices market are strategically focused on product launch and partnership in order to capture maximum market share and gain prominent position in the aesthetic laser & energy devices market. Also, the due to the continuous innovation in skin treatment equipment, manufacturers are offering aesthetic energy and laser devices that offers smooth treatments and minimal invasive surgeries. These are the factors that are projected to offer growth opportunities to the key vendors in the global aesthetic laser & energy devices market.
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