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
Market Size Value in US$ 956.87 Million in 2019 Market Size Value by US$ 1,961.00 Million by 2027 Growth rate CAGR of 9.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Aesthetic Medical Laser Systems Market: Strategic Insights
| Market Size Value in | US$ 956.87 Million in 2019 |
| Market Size Value by | US$ 1,961.00 Million by 2027 |
| Growth rate | CAGR of 9.6% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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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
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application ; End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoMEA, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
- 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
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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