The global cosmetic laser market size was valued at $1,819.49 million in 2018 and is expected to reach 5,416.70 million by 2026, registering a CAGR of 14.5% from 2019 to 2026. Cosmetic lasers are used to improve skin appearance for the treatment of conditions such as facial wrinkles, skin irregularities, skin laxity, moles, excess fat, lumpiness, unwanted hair, skin discoloration, and blemishes or acne scars. Moreover, it is also used for treating many medical conditions such as aging skin problems, age spots, fine lines, birthmarks, spider veins, droopy, dry, sagging eyelid skin, and dark circles. Further, it can also be used in uneven skin tone correction and texture, smokers’ line, vascular lesions, and skin tightening.
Considerable increase in the preference for non-aesthetic procedures and technical advancements in laser technology are the main factors that drive the market growth. In addition, increase in incidence of skin damages, surge in adoption of the non-invasive procedures, rise in medical tourism & changing lifestyles, and reduced procedural expenses propel the cosmetic laser market growth. Other factors such as enhanced implementation of aesthetic procedures, increased focus on body appearance among both women and men, advancement of laser technology, and high disposable income in developing economies fuel the market growth. Nevertheless, factors such as less emphasis of manufacturers on aesthetic devices, strict regulations by governments on the use of cosmetic lasers, and lack of reimbursement are anticipated to hamper the market growth.
Several advancements have been witnessed in recent years in laser and light-based devices, for instance, a new hair removal device called Soprano Titanium has been introduced by the leading players such as Alma Lasers. This device features new 4 cm spot-size Quattro 3D applicator handpiece, delivering three laser wavelengths: 755 nm, 810 nm, and 1064 nm to treat different types of skin.
The market is segmented on the basis of product, modality, application, end user, and region. By product, it is bifurcated into ablative, non-ablative, and laser. By modality, it is segregated into pulsed dye laser (PDL), YAG laser, carbon dioxide laser (CO2), Erbium, Intense pulsed light (IPL), radiofrequency, infrared, and others. By application it is segmented into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring and others. By end-users, it is segmented into hospitals, skin care clinics, and cosmetic surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Modality
By Application
By End-User
By Geography
LIST OF KEY PLAYERS PROFILED IN THE REPORT
Considerable increase in the preference for non-aesthetic procedures and technical advancements in laser technology are the main factors that drive the market growth. In addition, increase in incidence of skin damages, surge in adoption of the non-invasive procedures, rise in medical tourism & changing lifestyles, and reduced procedural expenses propel the cosmetic laser market growth. Other factors such as enhanced implementation of aesthetic procedures, increased focus on body appearance among both women and men, advancement of laser technology, and high disposable income in developing economies fuel the market growth. Nevertheless, factors such as less emphasis of manufacturers on aesthetic devices, strict regulations by governments on the use of cosmetic lasers, and lack of reimbursement are anticipated to hamper the market growth.
Several advancements have been witnessed in recent years in laser and light-based devices, for instance, a new hair removal device called Soprano Titanium has been introduced by the leading players such as Alma Lasers. This device features new 4 cm spot-size Quattro 3D applicator handpiece, delivering three laser wavelengths: 755 nm, 810 nm, and 1064 nm to treat different types of skin.
The market is segmented on the basis of product, modality, application, end user, and region. By product, it is bifurcated into ablative, non-ablative, and laser. By modality, it is segregated into pulsed dye laser (PDL), YAG laser, carbon dioxide laser (CO2), Erbium, Intense pulsed light (IPL), radiofrequency, infrared, and others. By application it is segmented into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring and others. By end-users, it is segmented into hospitals, skin care clinics, and cosmetic surgical centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Ablative
- Non-Ablative
By Modality
- Pulsed Dye Laser (PDL)
- YAG Laser
- Carbon Dioxide Laser
- Erbium
- Intense Pulsed Light (IPL)
- Radiofrequency
- Infrared
- Others
By Application
- Hair removal
- Skin Resurfacing
- Vascular Lesions
- Scar and Acne Removal
- Body Contouring
- Others
By End-User
- Hospitals
- Skin care clinics
- Cosmetics Surgical Centre
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Allergan Plc
- Bausch Health Companies Inc.
- Cutera, Inc.
- El.En. S.P.A. (Asclepion Laser Technologies Gmbh)
- Erchonia Corporation.
- Hologic, Inc.
- Inmode Aesthetic Solutions
- Microaire Surgical Instruments, Llc.
- Sciton, Inc.
- Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Cosmetic Laser Market, By Product
Chapter 5: Cosmetic Laser Market, By Modality
Chapter 6: Cosmetic Laser Market, By Application
Chapter 7: Cosmetic Laser Market, By End User
Chapter 8: Cosmetic Laser Market, By Region
Chapter 9: Company Profiles
Executive Summary
According to the report, titled, 'Cosmetic Lasers Market by Product, Modality, Application and End-User: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the cosmetic laser market size is expected to reach $5,416.70 million by 2026, registering a CAGR of 14.5% from 2019 to 2026, in terms of value.Cosmetic lasers is a therapy used to reduce facial wrinkles and skin irregularities, such as skin laxity, moles, liver spots, excess fat, and blemishes or acne scars. The technique directs short, concentrated pulsating beams of light on irregular skin, precisely removing skin layer by layer. This popular procedure is also called lasabrasion, laser peel, or laser vaporization. Cosmetic lasers have revolutionized the beauty industry and offers minimally invasive treatments. Different types of lasers use various wavelength for targeting different pigments. In addition, ablative lasers focus on outer layer of the skin and create micro wounds on the skin surface. Whereas, the non-ablative lasers pass safely through outer skin and breach the tissue lying below.
Technological advancements in cosmetic lasers such as providing minimally invasive treatments and surge in awareness among individuals toward self-grooming are the major factors that propel the cosmetic laser market growth. In addition, rise in disposable incomes in developing economies, such as China and India, further contribute to the growth of cosmetic laser market. However, high cost of these devices and a lack of appropriate reimbursement policies restrain the growth of cosmetic laser market. On the contrary, rise in baby boomer population and the budding trend of body altering across the globe are anticipated to create lucrative opportunities for the market in the future. In addition, manufacturers are continuously focused toward improving their products to help users gain better results in a shorter time period with minimal or no incisions.
By type, the non-ablative segment accounted for 65% of the total cosmetic laser market share in 2018 and is expected to exhibit a prominent growth rate in the future, because these devices require small incisions on the skin surface through which a cannula is inserted. The laser energy is delivered to the target tissues through the cannula, which results in destruction of adipocytes by coagulation. In addition, currently, available laser-assisted devices include Smartlipo by Hologic, Inc. ProLipo PLUS by Sciton, Inc., and others.
Based on cosmetic laser market trend, the body contouring segment dominated the cosmetic laser market in 2018 and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in awareness among individuals toward self-grooming and getting their bodies in shape. Moreover, significant rise in obesity across the globe contributes to the cosmetic laser market growth. Further, body contouring devices are used to tighten lax skin or to remove undesired fat from various body parts, such as waist, abdomen, upper torso, and others. These devices work on different mechanisms such as radiofrequency, cryolipolysis, high-intensity focused ultrasound (HIFU), and others.
Key Findings of the Study
By type, the non-ablative segment accounted for the highest market share of 65% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of 42% in 2018.
By application, the body contouring segment is expected to grow at a CAGR of 14.4% during the forecast period.
By end user, the hospital segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.
The report provides a comprehensive analysis of the key players operating in the global cosmetic lasers market are Alma, Candela, Cutera, Cynosure, Deka, Hoyoconbio, Lumensis, Palomar, and Syneron, Aerolase El.En. Spa Lumenis Ltd., Aerolase Corporation Sciton, Inc., Sharp Light Technologies, Fosun Pharmaceutical, Syneron Medical Inc., and Solta Medical. The other players in the value chain include Aerolase Corporation, Iridex, ALLTEC GmbH, and Fotona.
Companies Mentioned
- Alma
- Candela
- Cutera
- Cynosure
- Deka
- Hoyoconbio
- Lumensis
- Palomar
- Syneron
- Aerolase El.En. Spa Lumenis Ltd.
- Aerolase Corporation Sciton Inc.
- Sharp Light Technologies
- Fosun Pharmaceutical
- Syneron Medical Inc.
- Solta Medical.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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