Aesthetic Laser Device Market Analysis 2021-2031 | Trends
The Aesthetic Laser Device Market is expected to register a CAGR of 16.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Body Contouring Devices, Laser Resurfacing Devices, Others); End User (Hospitals, Aesthetic Clinics, Beauty Spas and Salons). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Aesthetic Laser Device Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Aesthetic Laser Device Market Segmentation
Product- Body Contouring Devices
- Laser Resurfacing Devices
- Others
- Hospitals
- Aesthetic Clinics
- Beauty Spas and Salons
Strategic Insights
Aesthetic Laser Device Market Growth Drivers- Rising Demand for Non-Invasive Cosmetic Procedures: A growing desire for pain-free cosmetic surgery has led to the increased use of pastel laser devices, and now more people are on the lookout for effective yet quick ways to tighten the skin, remove hair and scars without the need for cutting. As knowledge of these services spreads, so do the commitment of the appropriate clinics and specialists to high technology laser devices which make such services available and affordable to more people across more age groups.
- Technological Advancements in Laser Technology: There are new inventions taking place in the laser technology that are in turn driving the growth of aesthetic laser devices market. Enhanced precision, downtime, and patient safety are pulling in both the practitioners and the patients. Thanks to innovation in fractional laser, q-switched laser, and multi-wavelength devices, there are several treatments that are custom made. This improvement in technology boosts the treatment effectiveness and also improves the confidence of the consumers in the lasers used in the treatment.
- Increasing Focus on Skin Health and Wellness: Improved attention on health and skincare within society has boosted the use of aesthetic laser devices. Additionally, this is being done by more conscious consumers aware of their age as well as self-care for better looks and health. Scaling this up is the effect of social media and influencers giving a call for healthier looking skin and beauty in general that has led to a larger group wanting laser treatment.
- Integration of Artificial Intelligence: The introduction of Artificial Intelligence in aesthetic laser devices has transformed treatment protocols. The use of AI algorithms in the treatment of skin conditions heightens precision in treatments where patients can receive treatment tailored according to type and concerns of their skins. This way, not only do results improve but also the efficiency within clinics is improved, thereby increasing the level of care that the practitioners offer to patients and improves patient satisfaction.
- Rise of Home-Based Laser Devices: The increase in the use of home laser devices is also creating a new dimension in the aesthetic world. People are looking for effective and affordable treatment alternatives for their skin which is the reason for easy to use laser devices that can be used at home. This is encouraging well the availability of such treatments to many people as one does not need to visit the clinic every time for such treatments in as improving skin health making the market now go wider.
- Emphasis on Holistic and Natural Treatments: The growth in popularity of noetic and less invasive methods of treatment is also changing the aesthetic laser device market. An increasing number of customers are now seeking treatments for aesthetic reasons while forming part of their overall wellness and in keeping with the ideas of natural beauty. Thus, there have been developed such devices that are not only designed for aesthetic improvement but also positively affect the skin using systems with natural healing effects.
- Expansion into Emerging Markets: New regions are very attractive for the growth of the aesthetic laser device market. In addition to the growth of disposable incomes and further urbanization, active cities in these regions also contribute to the demand for aesthetic treatment services. This makes the manufacturers cater more of the local tastes and preferences which means more room for growth and collaboration with clinics to enhance their market share in such countries.
- Development of Combination Therapies: The growing popularity of combination treatments presents novel possibilities within the market for aesthetic laser devices. The addition of laser treatment to procedures like chemical peel or radiofrequency results in better treatment and patient's compliance. This further motivates development of new devices leading to collaborations between device manufacturers and end users for novel devices that are able to address different skin problems in a single device.
- Focus on Education and Training Programs: Focusing on education and training programs for practitioners is another very important opportunity in aesthetic laser device market. The practitioners can be well trained on the new equipment and techniques used which will help the practitioners carry out the procedures efficiently and with safety. This enhances consumer confidence to the manufacturers whereby manufacturers become the best in the industry and also helps in increasing the sales as well as the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Aesthetic Laser Device Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Aesthetic Laser Device Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Alma Lasers, Cutera, Lumenis, CynoSure, CANDELA CORPORATION, VCA Laser Technology Inc., DEKA M.E.L.A. srl, Sciton, Inc., Quanta System, Solta Medical are some of the major market players operating in the market
The Laser Resurfacing Devices segment accounts for highest revenue in product sgement in 2023
Asia Pacific region dominated the aesthetic laser device market in 2023
North America region dominated the aesthetic laser device market in 2023
The Aesthetic Laser Device Market is estimated to witness a CAGR of 16.6% from 2023 to 2031
The major factors driving the aesthetic laser device market are:
1.Rising Demand for Non-Invasive Cosmetic Procedures
2. Technological Advancements in Laser Technology
3. Increasing Focus on Skin Health and Wellness
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aesthetic Laser Device Market - By Product
1.3.2 Aesthetic Laser Device Market - By End User
1.3.3 Aesthetic Laser Device Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AESTHETIC LASER DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. AESTHETIC LASER DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AESTHETIC LASER DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. AESTHETIC LASER DEVICE - GLOBAL MARKET OVERVIEW
6.2. AESTHETIC LASER DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AESTHETIC LASER DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BODY CONTOURING DEVICES
7.3.1. Overview
7.3.2. Body Contouring Devices Market Forecast and Analysis
7.4. LASER RESURFACING DEVICES
7.4.1. Overview
7.4.2. Laser Resurfacing Devices Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. AESTHETIC LASER DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AESTHETIC CLINICS
8.4.1. Overview
8.4.2. Aesthetic Clinics Market Forecast and Analysis
8.5. BEAUTY SPAS AND SALONS
8.5.1. Overview
8.5.2. Beauty Spas and Salons Market Forecast and Analysis
9. AESTHETIC LASER DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Aesthetic Laser Device Market Overview
9.1.2 North America Aesthetic Laser Device Market Forecasts and Analysis
9.1.3 North America Aesthetic Laser Device Market Forecasts and Analysis - By Product
9.1.4 North America Aesthetic Laser Device Market Forecasts and Analysis - By End User
9.1.5 North America Aesthetic Laser Device Market Forecasts and Analysis - By Countries
9.1.5.1 United States Aesthetic Laser Device Market
9.1.5.1.1 United States Aesthetic Laser Device Market by Product
9.1.5.1.2 United States Aesthetic Laser Device Market by End User
9.1.5.2 Canada Aesthetic Laser Device Market
9.1.5.2.1 Canada Aesthetic Laser Device Market by Product
9.1.5.2.2 Canada Aesthetic Laser Device Market by End User
9.1.5.3 Mexico Aesthetic Laser Device Market
9.1.5.3.1 Mexico Aesthetic Laser Device Market by Product
9.1.5.3.2 Mexico Aesthetic Laser Device Market by End User
9.2. EUROPE
9.2.1 Europe Aesthetic Laser Device Market Overview
9.2.2 Europe Aesthetic Laser Device Market Forecasts and Analysis
9.2.3 Europe Aesthetic Laser Device Market Forecasts and Analysis - By Product
9.2.4 Europe Aesthetic Laser Device Market Forecasts and Analysis - By End User
9.2.5 Europe Aesthetic Laser Device Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Aesthetic Laser Device Market
9.2.5.1.1 Germany Aesthetic Laser Device Market by Product
9.2.5.1.2 Germany Aesthetic Laser Device Market by End User
9.2.5.2 France Aesthetic Laser Device Market
9.2.5.2.1 France Aesthetic Laser Device Market by Product
9.2.5.2.2 France Aesthetic Laser Device Market by End User
9.2.5.3 Italy Aesthetic Laser Device Market
9.2.5.3.1 Italy Aesthetic Laser Device Market by Product
9.2.5.3.2 Italy Aesthetic Laser Device Market by End User
9.2.5.4 Spain Aesthetic Laser Device Market
9.2.5.4.1 Spain Aesthetic Laser Device Market by Product
9.2.5.4.2 Spain Aesthetic Laser Device Market by End User
9.2.5.5 United Kingdom Aesthetic Laser Device Market
9.2.5.5.1 United Kingdom Aesthetic Laser Device Market by Product
9.2.5.5.2 United Kingdom Aesthetic Laser Device Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Aesthetic Laser Device Market Overview
9.3.2 Asia-Pacific Aesthetic Laser Device Market Forecasts and Analysis
9.3.3 Asia-Pacific Aesthetic Laser Device Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Aesthetic Laser Device Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Aesthetic Laser Device Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Aesthetic Laser Device Market
9.3.5.1.1 Australia Aesthetic Laser Device Market by Product
9.3.5.1.2 Australia Aesthetic Laser Device Market by End User
9.3.5.2 China Aesthetic Laser Device Market
9.3.5.2.1 China Aesthetic Laser Device Market by Product
9.3.5.2.2 China Aesthetic Laser Device Market by End User
9.3.5.3 India Aesthetic Laser Device Market
9.3.5.3.1 India Aesthetic Laser Device Market by Product
9.3.5.3.2 India Aesthetic Laser Device Market by End User
9.3.5.4 Japan Aesthetic Laser Device Market
9.3.5.4.1 Japan Aesthetic Laser Device Market by Product
9.3.5.4.2 Japan Aesthetic Laser Device Market by End User
9.3.5.5 South Korea Aesthetic Laser Device Market
9.3.5.5.1 South Korea Aesthetic Laser Device Market by Product
9.3.5.5.2 South Korea Aesthetic Laser Device Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Aesthetic Laser Device Market Overview
9.4.2 Middle East and Africa Aesthetic Laser Device Market Forecasts and Analysis
9.4.3 Middle East and Africa Aesthetic Laser Device Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Aesthetic Laser Device Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Aesthetic Laser Device Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Aesthetic Laser Device Market
9.4.5.1.1 South Africa Aesthetic Laser Device Market by Product
9.4.5.1.2 South Africa Aesthetic Laser Device Market by End User
9.4.5.2 Saudi Arabia Aesthetic Laser Device Market
9.4.5.2.1 Saudi Arabia Aesthetic Laser Device Market by Product
9.4.5.2.2 Saudi Arabia Aesthetic Laser Device Market by End User
9.4.5.3 U.A.E Aesthetic Laser Device Market
9.4.5.3.1 U.A.E Aesthetic Laser Device Market by Product
9.4.5.3.2 U.A.E Aesthetic Laser Device Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Aesthetic Laser Device Market Overview
9.5.2 South and Central America Aesthetic Laser Device Market Forecasts and Analysis
9.5.3 South and Central America Aesthetic Laser Device Market Forecasts and Analysis - By Product
9.5.4 South and Central America Aesthetic Laser Device Market Forecasts and Analysis - By End User
9.5.5 South and Central America Aesthetic Laser Device Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Aesthetic Laser Device Market
9.5.5.1.1 Brazil Aesthetic Laser Device Market by Product
9.5.5.1.2 Brazil Aesthetic Laser Device Market by End User
9.5.5.2 Argentina Aesthetic Laser Device Market
9.5.5.2.1 Argentina Aesthetic Laser Device Market by Product
9.5.5.2.2 Argentina Aesthetic Laser Device Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL AESTHETIC LASER DEVICE MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AESTHETIC LASER DEVICE MARKET, KEY COMPANY PROFILES
12.1. ALMA LASERS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CUTERA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. LUMENIS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CYNOSURE
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. CANDELA CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. VCA LASER TECHNOLOGY INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. DEKA M.E.L.A. SRL
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SCITON, INC.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. QUANTA SYSTEM
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. SOLTA MEDICAL
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Alma Lasers
2. Cutera
3. Lumenis
4. CynoSure
5. CANDELA CORPORATION
6. VCA Laser Technology Inc.
7. DEKA M.E.L.A. srl
8. Sciton, Inc.
9. Quanta System
10. Solta Medical
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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