Growing popularity of skin resurfacing/lightening operations, investments by leading market players in creating procedure-specific laser systems, and integration of artificial intelligence (AI) in aesthetic medical lasers will likely remain key aesthetic medical laser systems market trends.
Aesthetic laser devices are preferred for various reasons that include ease of use, less invasiveness, and shorter process time. The global demand for non-invasive beauty treatments is rising. Medical and cosmetic skin surgeries have increased significantly over the past decade. The increasing prevalence of cancer and the increased demand for skin rejuvenation procedures are important factors driving the use of aesthetic medical laser systems. People in developed and developing countries are increasingly concerned about their appearance. In addition, skin resurfacing/whitening surgeries are becoming increasingly popular, particularly in developing countries such as India and China. Further, investments by leading market players in the development of procedure-specific laser systems are expected to increase the global demand for aesthetic medical laser systems and lead to significant market growth.
Aesthetic medical laser systems use heat and light to support the skin's natural production of new collagen. As people age, their bodies eventually lose the ability to produce collagen. These treatments are intended to improve, beautify, and correct the body. Energy-based aesthetic medical laser devices include cosmetic lasers, radio frequency (RF), light-based, and ultrasonic aesthetic devices. Due to numerous advantages over other devices, such as ease of use, minimal invasiveness, and faster operations, aesthetic laser technologies are preferred. The increasing acceptance of radiofrequency-based treatments is further boosting the sales of aesthetic medical laser systems. Radiofrequency-based devices such as Picoway, LaseMD, FraxPro, and Pixel CO2 are completely non-invasive and useful in treating various skin conditions. Tattoo removal, skin rejuvenation, toning, and pigmented lesions can all be treated with the help of this platform. In addition, technological advances in laser technology have helped in achieving better treatment results and high patient satisfaction.
The prevalence of disorders such as dermatitis, acne, psoriasis, and other skin anomalies, including warts, moles, and lesions, is increasing worldwide. The rising geriatric population prone to wrinkles and aging is boosting the demand for antiaging, toning, and skin rejuvenation treatments to hide the signs of aging. There is a global demand for laser treatments, body contouring, and skin tightening. As per The Aesthetic Society, 41,301 skin rejuvenation procedures were performed in the US, generating a revenue of US$ 31,567,167 in 2021. Also, consumer awareness about skincare treatments is increasing the number of medical spas and skin clinics that provide affordable skin treatments for various skin conditions. In recent years, consumers' awareness of aesthetics and the desire to maintain or change them has increased rapidly. Many aesthetic laser tools exist, including infrared, dermal, radio frequency-based, intense pulsed, microdermal, and light-emitting diode. These devices can be used for medical and cosmetic purposes such as body contouring and skin resurfacing, hair reduction, tightening and skin pigmentation reduction, skin lesions, fat reduction, age-related vascular dysfunction, and acne prevention.
Aesthetic medical tourism is an emerging niche where people receive medical services in a relaxing and restful environment. The most common phenomenon in medical tourism is that people travel to other countries for aesthetic and cosmetic treatments. With the increasing prevalence of aesthetic clinics and advanced aesthetic medical procedures, medical tourism is set to witness strong growth in the near future. According to the International Society of Aesthetic Plastic Surgery (ISAPS), the United States, Brazil, Japan, Italy, and Mexico account for 41.4% of global cosmetic procedures, followed by Russia, India, Turkey, Germany, and France. Some popular medical tourism destinations for aesthetic reasons include Brazil, Argentina, Mexico, Costa Rica, Panama Canal, Colombia, Jamaica, Budapest, Turkey, and South Africa. Other emerging aesthetic tourism destinations that combine hospitality, tourism, and beauty travel in attractive packages include Spain, Portugal, Greece, El Salvador, Bolivia, Taiwan, South Korea, and other Asia-Pacific nations.
Key segments that contributed to the derivation of the Aesthetic Medical Laser Systems Market analysis are component, application, and end user.
The geographic scope of the aesthetic medical laser systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America has dominated the aesthetic medical laser systems market. The growth of the market in North America is attributed to the increasing cosmetic procedures, increasing strategic developments by the market players, and growing medical tourism for aesthetic laser therapies. The market for aesthetic medical laser systems in the North American region is also likely to spur owing to the growing number of skilled professionals and increasing disposable income. In addition, the rise in the incidence of congenital face deformities and an increase in awareness of aesthetic appearance. Furthermore, the developments in the medical devices industry coupled with the rising numbers of aesthetic clinics may offer vital growth opportunities factors contributing to the dominance of the North America aesthetic medical laser systems market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
The aesthetic medical laser systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for aesthetic medical laser systems:
The regional trends and factors influencing the Aesthetic Medical Laser Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Aesthetic Medical Laser Systems 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 2023 | US$ 4.71 Billion |
| Market Size by 2031 | US$ 11.15 Billion |
| Global CAGR (2023 - 2031) | 11.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
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| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Aesthetic Medical Laser Systems 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 Medical Laser Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The “Aesthetic Medical Laser SystemsMarket Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: