The global aesthetic laser market size was estimated to be USD 2.78 billion in 2023 and is expected to reach at USD 6.63 billion by 2034 with a CAGR of 8.22% during the forecast period 2024-2034. Surge in aging baby boomers, growing prevalence of surplus income with the middle class to spend on cosmetic surgeries, increasing popularity of radiofrequency-based treatments, rising technological advancement in the field of laser technology, surge in awareness regarding aesthetic treatments & procedures, growing geriatric population, intending to minimize the signs of aging are opting for anti-aging and skin tightening laser procedures, increasing demand for minimally invasive treatments, rising laser procedures, and surge in launch of new aesthetic laser devices by key players are some of the key factors boosting the market growth.
Surge in launch of new aesthetic laser devices by key players is predicted to boost the market growth during the forecast period. The predominant medical technology for altering an individual's physical appearance is currently aesthetic lasers, primarily used for aesthetic rather than medical reasons. Through the application of heat and light, these lasers induce the natural production of new collagen in the skin. Consequently, companies are introducing innovative aesthetic laser devices. For instance, in June 2022, Cynosure has introduced the PicoSure Pro device, the most recent enhancement to the company's top-performing PicoSure system. As the sole FDA-cleared 755nm picosecond laser available, the PicoSure Pro device stands out by delivering energy in a trillionth of a second, utilizing pressure instead of heat. This innovative approach ensures safe and effective treatments for undesired pigmentation and skin revitalization across all skin types.
By type, non-ablative dermal lasers was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the expanding aging population and the rising demand for treatments that can diminish the appearance of signs associated with aging, including wrinkles, freckles, and liver spots. Additionally, ablative laser is predicted to grow at fastest CAGR during the forecast period owing to the increase in the adoption of minimally invasive procedures, enhanced capabilities for real-time monitoring of tissue ablation, a rise in the incidence rate of cancer, the growth of the global aging population, and growing collaboration among market players. For instance, in March 2022, Cynosure has established a distribution partnership with JeisysMedical KK in Japan. As outlined in the agreement, JeisysMedical will hold exclusive distribution rights for key flagship products within Cynosure's energy-based laser portfolio, encompassing hair removal devices in the Japanese market.
By application, non-invasive tightening was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the increasing population of baby boomers and the expanding impact of social media have had notable effects on both the elderly and the younger generation. There is also a noticeable increase in the aging population choosing procedures like skin tightening and resurfacing. Additionally, laser hair removal is predicted to grow at fastest CAGR during the forecast period owing to the increasing frequency of laser hair removal procedures, the accessibility of compact and portable systems, and the introduction of system components that can be upgraded with an advanced user interface without the need to change the entire unit. For instance, in October 2022, Sensus Healthcare, Inc., a medical device company known for its highly effective, non-invasive, minimally-invasive, and cost-effective treatments for both oncological and non-oncological conditions, has unveiled the portable Silk by Sensus hair removal laser system. This system incorporates blended wavelengths.
By end-user, spas and beauty centers was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the increasing trend of beauty centers, particularly among female consumers, and the swift embrace of advanced skin and hair-related procedures by these centers. Additionally, hospitals and specialty clinics is predicted to grow at fastest CAGR during the forecast period owing to the presence of sophisticated medical equipment for laser treatment, coupled with the availability of skilled doctors and expertise, and a growing number of approvals from regulatory bodies. For instance, in March 2022, The FDA in the United States has granted approval for the first-of-its-kind laser designed to target and suppress sebaceous glands damaged by acne. The AviClear acne treatment is not only relatively straightforward but also highly effective. This laser technique focuses on these glands and reduces sebum production after just three treatments, leading to significantly clearer skin.
North America region is anticipated for the highest revenue share during the forecast period owing to the abundance of skilled professionals, a notable increase in public awareness about advancements in aesthetic procedures, the continuous introduction of cutting-edge technologies, heightened investments by industry players in research and development to enhance existing technology for improved safety and effectiveness, intensified efforts to promote non-invasive aesthetic treatments, and a growing number of launches of advanced devices. For instance, in August 2023, Acclaro Medical, a rising leader in energy-based non-invasive aesthetic medical devices, has introduced UltraClear Laser-Coring, a groundbreaking laser designed for tissue coring. This first-of-its-kind laser aims to enhance deep wrinkles, scars, and other age-related concerns across all skin types with minimal discomfort and downtime. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increase in medical tourism, a rise in awareness regarding aesthetic procedures, a growing volume of research endeavors, an escalating adoption of contemporary technologies, an expansion of partnerships among market participants, and surge in launch of advanced devices. For instance, in March 2023, Doctor Aesthetics Center, a trailblazer in laser treatments and skincare procedures in India, has unveiled the Picocare 250 Majesty in South India. This laser, the world's first Nd: YAG laser, has received approval from the USA-FDA.
Surge in launch of new aesthetic laser devices by key players is predicted to boost the market growth during the forecast period. The predominant medical technology for altering an individual's physical appearance is currently aesthetic lasers, primarily used for aesthetic rather than medical reasons. Through the application of heat and light, these lasers induce the natural production of new collagen in the skin. Consequently, companies are introducing innovative aesthetic laser devices. For instance, in June 2022, Cynosure has introduced the PicoSure Pro device, the most recent enhancement to the company's top-performing PicoSure system. As the sole FDA-cleared 755nm picosecond laser available, the PicoSure Pro device stands out by delivering energy in a trillionth of a second, utilizing pressure instead of heat. This innovative approach ensures safe and effective treatments for undesired pigmentation and skin revitalization across all skin types.
By type, non-ablative dermal lasers was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the expanding aging population and the rising demand for treatments that can diminish the appearance of signs associated with aging, including wrinkles, freckles, and liver spots. Additionally, ablative laser is predicted to grow at fastest CAGR during the forecast period owing to the increase in the adoption of minimally invasive procedures, enhanced capabilities for real-time monitoring of tissue ablation, a rise in the incidence rate of cancer, the growth of the global aging population, and growing collaboration among market players. For instance, in March 2022, Cynosure has established a distribution partnership with JeisysMedical KK in Japan. As outlined in the agreement, JeisysMedical will hold exclusive distribution rights for key flagship products within Cynosure's energy-based laser portfolio, encompassing hair removal devices in the Japanese market.
By application, non-invasive tightening was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the increasing population of baby boomers and the expanding impact of social media have had notable effects on both the elderly and the younger generation. There is also a noticeable increase in the aging population choosing procedures like skin tightening and resurfacing. Additionally, laser hair removal is predicted to grow at fastest CAGR during the forecast period owing to the increasing frequency of laser hair removal procedures, the accessibility of compact and portable systems, and the introduction of system components that can be upgraded with an advanced user interface without the need to change the entire unit. For instance, in October 2022, Sensus Healthcare, Inc., a medical device company known for its highly effective, non-invasive, minimally-invasive, and cost-effective treatments for both oncological and non-oncological conditions, has unveiled the portable Silk by Sensus hair removal laser system. This system incorporates blended wavelengths.
By end-user, spas and beauty centers was the highest revenue-grossing segment in the global aesthetic laser market in 2023 owing to the increasing trend of beauty centers, particularly among female consumers, and the swift embrace of advanced skin and hair-related procedures by these centers. Additionally, hospitals and specialty clinics is predicted to grow at fastest CAGR during the forecast period owing to the presence of sophisticated medical equipment for laser treatment, coupled with the availability of skilled doctors and expertise, and a growing number of approvals from regulatory bodies. For instance, in March 2022, The FDA in the United States has granted approval for the first-of-its-kind laser designed to target and suppress sebaceous glands damaged by acne. The AviClear acne treatment is not only relatively straightforward but also highly effective. This laser technique focuses on these glands and reduces sebum production after just three treatments, leading to significantly clearer skin.
North America region is anticipated for the highest revenue share during the forecast period owing to the abundance of skilled professionals, a notable increase in public awareness about advancements in aesthetic procedures, the continuous introduction of cutting-edge technologies, heightened investments by industry players in research and development to enhance existing technology for improved safety and effectiveness, intensified efforts to promote non-invasive aesthetic treatments, and a growing number of launches of advanced devices. For instance, in August 2023, Acclaro Medical, a rising leader in energy-based non-invasive aesthetic medical devices, has introduced UltraClear Laser-Coring, a groundbreaking laser designed for tissue coring. This first-of-its-kind laser aims to enhance deep wrinkles, scars, and other age-related concerns across all skin types with minimal discomfort and downtime. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the increase in medical tourism, a rise in awareness regarding aesthetic procedures, a growing volume of research endeavors, an escalating adoption of contemporary technologies, an expansion of partnerships among market participants, and surge in launch of advanced devices. For instance, in March 2023, Doctor Aesthetics Center, a trailblazer in laser treatments and skincare procedures in India, has unveiled the Picocare 250 Majesty in South India. This laser, the world's first Nd: YAG laser, has received approval from the USA-FDA.
Segmentation: Aesthetic Laser Market Report 2023 - 2034
Aesthetic Laser Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Ablative Laser
- Erbium Laser
- Carbon Dioxide Laser (CO2)
- Non-Ablative Laser
- Nd:Yag Laser
- Alexandrite Laser
- Pulsed-Dye Laser (PDL)
Aesthetic Laser Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Noninvasive Tightening
- Laser Skin Resurfacing
- IPL Laser Treatment
- Laser hair removal
- Laser-Assisted Lipoplasty
Aesthetic Laser Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Spas & Beauty Centers
- Hospitals & Specialty Clinics
Aesthetic Laser Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Aesthetic Laser Market: Type Estimates & Trend Analysis
8. Aesthetic Laser Market: Application Estimates & Trend Analysis
9. Aesthetic Laser Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Aesthetic Laser Market
12. Europe Global Aesthetic Laser Market
13. Asia Pacific Global Aesthetic Laser Market
14. Latin America Global Aesthetic Laser Market
15. MEA Global Aesthetic Laser Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Lumenis
- Viora
- Cutera
- Cynosure Inc.
- Syneron Medical Ltd.
- Lutronic
- Solta Medical Inc.
- Lynton Lasers
- Sciton Inc
- STRATA Skin Sciences (formally Mela Science)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 2.78 Billion |
| Forecasted Market Value ( USD | $ 6.63 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
