Aesthetic Medical Laser Systems Market Trends Report by 2031

The aesthetic medical laser systems market size is projected to reach US$ 11.15 billion by 2031 from US$ 4.71 billion in 2023. The market is expected to register a CAGR of 11.5% in 2023–2031.

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 Medical Laser Systems Market Analysis

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 Market Overview

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.

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Aesthetic Medical Laser Systems Market: Strategic Insights

Aesthetic Medical Laser Systems Market

• 
  CAGR (2023 - 2031)

  11.5%
• Market Size 2023
  US$ 4.71 Billion
• Market Size 2031
  US$ 11.15 Billion

Market Dynamics

GROWTH DRIVERS

• Increase in Aesthetic/Cosmetic Procedures
• Broad Medical Applications of Laser Systems
• High Cost of Aesthetic Medical Laser Systems

FUTURE TRENDS

• Integration of Artificial Intelligence (AI) with Aesthetic Medical Lasers

OPPORTUNITIES

• Growth Opportunities for Aesthetic Laser Systems Under Medical Tourism

Key Players

• CUTERA INC
• STRATA Skin Sciences
• CANDELA CORPORATION
• Bausch Health Companies Inc
• ALMA LASERS Sisram Technology
• SCITON INC
• AEROLASE CORPORATION
• Lumenis
• El en S p A
• Cynosure

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Standalone Lasers
• Multiplatform Lasers

Application

• Hair Removal
• Acne
• Scars
• Skin Rejuvenation
• Pigmented Lesions
• Leg
• aricose Veins

End-User

• Hospitals
• Clinics
• Medical Spas

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Aesthetic Medical Laser Systems Market Drivers and Opportunities

Increase in Prevalence of Skin Disorders and Consumer Awareness About Skincare Treatments to Favor Market

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.

Medical Tourism – An Opportunity for Aesthetic Medical Laser Systems Market Growth

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.

Aesthetic Medical Laser Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Aesthetic Medical Laser Systems Market analysis are component, application, and end user.

• Based on type, the aesthetic medical laser systems market is divided into standalone lasers, and multiplatform lasers. The standalone lasers segment held a larger market share in 2023. However, multiplatform lasers segment is estimated to register the highest CAGR in the market during the forecast period.
• By application, the market is segmented into hair removal, acne and scars, skin rejuvenation, pigmented lesions, leg and varicose veins, and others. The hair removal segment held the largest share of the market in 2023. However, the skin rejuvenation segment is estimated to register the highest CAGR during 2023–2031.
• In terms of end user, the market is segmented into hospitals, clinics, medical spas, and others. The clinics segment dominated the market share in 2023.

Aesthetic Medical Laser Systems Market Share Analysis by Geography

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.  

Aesthetic Medical Laser Systems Market News and Recent Developments

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:

• Asclepion Laser Technologies has been operating as a leader in the aesthetic laser medicine market for over 45 years. Constant new developments make Asclepion a standout in the optical industry. The company announced the launch of its latest laser system, AlexStar, which was showcased at IMCAS PARIS from 1st to 3rd February 2024. (ASCLEPION, Press Release, 2024)
• Reveal Lasers, LLC, a global leader in the innovation of minimally invasive cosmetic surgical procedures, medical treatments, and aesthetic solutions for providers and clinics, announced its emergence into the North American market with a new corporate office in Las Vegas and a product launch. The aesthetic device manufacturer’s North American launch marks its next step in the company’s strategic plan for continued global expansion. (Source: Reveal Lasers LLC, Press Release, 2022)
• Bausch Health Companies Inc. and its Solta Medical business, a global leader in the medical aesthetics market, announced the US launch of the Clear + Brilliant Touch laser, the company's next generation Clear + Brilliant laser. The Clear + Brilliant Touch laser delivers a customized and more comprehensive treatment protocol by providing patients of all ages and skin types the benefits of two wavelengths. (Source: Bausch Health Companies Inc, Press Release, 2021)
• Asclepion announced the launch of its new range of nanolasers: The NanoStar Family consists of three new Q-Switch laser systems in three separate devices each. There is a ruby laser (694 nm), a Nd:YAG laser (1,064 nm + 532 nm) and a combined device with all the above wavelengths plus mixed technology, which are perfect conditions for all treatment needs. The state-of-the-art technology offers numerous advantages for both users and patients. (Source: ASCLEPION, Press Release, 2021)
• LASEROPTEK Co., Ltd., a developer, and manufacturer of world-class laser devices for aesthetic and medical dermatology applications, announced that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its PicoLO Premium picosecond pulse Nd:YAG laser. This clearance includes high-demand treatments for skin rejuvenation, acne scars, benign pigmented lesion elimination, and multi-color tattoo removal across a wide range of Fitzpatrick Skin Types. (LASEROPTEK, Press Release, 2021)

Aesthetic Medical Laser Systems Market Report Scope

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Aesthetic Medical Laser Systems Market Report Coverage and Deliverables

The “Aesthetic Medical Laser SystemsMarket Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles