The aesthetic lasers market size was valued at US$ 2,895.17 million in 2022 and is projected to reach US$ 7,341.84 million by 2030. It is estimated to register a CAGR of 12.3% during 2022–2030. Technological advancements associated with medical aesthetic devices will likely remain a key trend in the market.
The main drivers of the market are the growing acceptance of technologically sophisticated products and the increased awareness of aesthetic procedures. The number of noninvasive aesthetic procedures and the rise in skin conditions like warts, hemangiomas, and hyperpigmentation are driving up the size of the aesthetic laser market. Globally, the beauty industry has undergone significant transformation, leading to a surge in the need for aesthetic lasers for noninvasive procedures like body contouring, tattoo removal, skin tightening, scar removal, and fat reduction.
The need for aesthetic laser treatments is being driven by the increasing incidence of several conditions, including dermatitis, acne, pigmentation disorders, hair removal, and other skin abnormalities like warts, moles, skin tags, and acne scars. The American Academy of Dermatology Association reports that acne is the most predominant skin disorder in the United States, affecting approximately 50 million people annually. The rise in these conditions is driving up the demand for aesthetic laser treatment, specifically for the removal of acne scars. The demand for aesthetic laser devices is also being created by the beauty industry and evolving beauty standards, which is propelling the growth of the aesthetic laser market. Additionally, the need for anti-aging, toning, and skin rejuvenation treatments to mask the signs of aging is increasing due to the growing number of older adults prone to wrinkles and aging. The aesthetic lasers market is likely to grow because, according to The Aesthetic Society, 431,485 skin treatment (combination lasers) procedures were performed globally in 2021, bringing in US$ 171.45 million in revenue. In addition, there is a growing need for aesthetic medical lasers due to concerns about appearance, growing consumer awareness of skincare, and growing demand for beauty. The market is growing owing to the increasing demand for skin tightening, body sculpting, and laser treatments. Thus, the market for aesthetic lasers is expanding due to the previously mentioned factors.
The use of non-invasive aesthetic procedures has recently increased due to their excellent results and negligible side effects. Laser treatment is one non-invasive technique frequently used for hair removal, skin rejuvenation, hyperpigmentation, anti-aging, and other conditions. There are several advantages to using these non-invasive methods to improve skin quality. Improved skin tone and texture, fewer wrinkles and fine lines, less age spots and hyperpigmentation, and better overall skin health are some of the most popular advantages. The Aesthetic Society Report states that non-surgical procedures rose by 44% in 2021 over 2020.
Compared to surgical treatments, these non-invasive procedures have several advantages, including a quicker recovery period with a lower risk of complications, no scars or incisions, no hospital stay, and lower treatment costs. Thus, the market for aesthetic lasers is anticipated to grow shortly due to the advantages of non-invasive treatments, their positive outcomes, and the general public's growing awareness.
The growing demand for aesthetics from a large population worldwide has increased new product development, product launches, and approvals on a global scale, which has led to the healthcare industry's constant and notable development. Major market players also engage in research and development to guarantee innovation and the creation of effective products. Numerous events, including product launches and market approvals, have occurred recently and will probably generate many opportunities. For instance, in March 2023, Sentient launched two powerful non-laser aesthetic devices, Sculpt and Tixel, which increased the full service of providing aesthetic device platforms. Both non-invasive, non-laser devices offer safe, effective, and well-tolerated treatments for highly sought aesthetic indications
Key segments that contributed to the derivation of the aesthetic lasers market analysis are type, application, and end user.
The geographic scope of the aesthetic lasers market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
According to estimates, the US market with the most significant share belongs to aesthetic lasers. The market for aesthetic lasers is expanding due to several factors, including an increase in non-invasive cosmetic procedures and the regional introduction of new products. The market is predicted to grow in Canada due to variables like growing strategic investments from foreign companies, increased aesthetic clinics, and increased public awareness of aesthetics. Numerous factors, including the development of non-invasive medical aesthetic procedures and the exponential growth in aesthetic procedures, define the country's market growth.
Additionally, the number of non-invasive procedures has increased due to technological advancements. As per the International Society of Plastic Surgeons (ISAPS), there was a 19.9% global increase in non-surgical aesthetic procedures in 2021. Additionally, with over 827,000 IPL procedures performed in the US in 2020, Intense Pulsed Light (IPL) treatment ranks among the top 5 cosmetic minimally invasive procedures.
The regional trends and factors influencing the Aesthetic Lasers Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aesthetic Lasers Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,895.17 Million |
| Market Size by 2030 | US$ 7,341.84 Million |
| Global CAGR (2022-2030) | 12.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aesthetic Lasers Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Aesthetic Lasers Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The aesthetic lasers market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the aesthetic lasers market are listed below:
The “Aesthetic Lasers Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
The market is expected to register a CAGR of 12.30% during 2022–2030.
Key factors driving the market are an increase in non-invasive aesthetic procedures and a growing need for aesthetic medical lasers due to concerns about appearance, growing consumer awareness of skincare, and growing demand for beauty.
Technological advancements associated with medical aesthetic devices will likely remain a key trend in the market.
Aerolase Corp, Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, SharpLight Technologies Ltd, EI EN SpA, Alma Lasers Ltd, and Cynosure LLC.
North America dominated the aesthetic lasers market in 2022