Global Aesthetic Lasers and Energy Devices Market Grows at a Staggering CAGR of 10.3%

Introduction

Aesthetic lasers and energy devices are used to treat sun-damaged skin, wrinkles, and unwanted lesions. They are also used for treating acne and removing tattoos. Laser devices are gaining popularity because of their features, such as less time consumption and ease of usage. Moreover, the aesthetic lasers and energy devices aid in quick recovery and minimize post-surgical complications. An increase in incidences of skin damage and rapidly changing lifestyles propel the market growth.

Market Dynamics

Rising Awareness Regarding Medical Aesthetics Drives the Global Market

Aging leads to wrinkles, lax skin, and other unwanted visible signs on the face and body of a person. Aesthetic treatments can somewhat lessen the signs of aging. Moreover, the importance of physical appeal is on the rise, and people all over the globe are attracted to products and treatments that could help them retain their youth and beauty. Individuals are becoming aware of various aesthetic surgeries and related products available in the market. In addition, the popularity of celebrities and people's desire to look appealing boost the growth of the aesthetics lasers and energy devices market.

Increasing Disposable Incomes Creates Tremendous Opportunities

As medical tourism grows, standalone centers for people seeking to have their bodies contoured should soon be accessible in hotels and resorts. Furthermore, as living standards rise in developing nations, more people live in higher-quality settings. This causes aesthetic procedures to become more widely used in developed and developing countries. The development of non-invasive technology has also helped the market expand. Non-invasive technologies are increasingly being used worldwide since they are less risky and require less time to recover.

Regional Analysis

North America is the most significant shareholder in the global aesthetic lasers and energy devices market and is expected to grow at a CAGR of 10% during the forecast period. This is due to rising healthcare costs as well as improvements in energy and cosmetic laser technology. The market exhibits constant growth in North America, mainly due to the rise in the obese population. In addition, recent government approvals for aesthetic laser devices for body contouring in the region have also contributed to the growth of this market. The rise in aesthetic consciousness also serves as a growth factor.

Europe is expected to grow with a CAGR of 9.7%, generating USD 2,053 million during the forecast period. It is growing rapidly due to high R&D investments and developed healthcare infrastructure. The rise in obesity contributes to the region's market growth. Moreover, the partnership between major key players also serves as a growth factor. For instance, Candela Corporation announced its collaboration with MT DERM, a Europe-based company leading in cosmetic equipment.

Asia-Pacific region offers rewarding prospects for the aesthetic laser and energy devices market. Factors such as a rise in disposable income and an increase in promotional activities associated with the use of aesthetic lasers and energy devices contribute toward the growth of this market. For instance, in India, Allergan plc recently unveiled CoolSculpting, a body contouring system. The unveiling event comprised innovative panel discussions consisting of celebrities and photographers. This is another factor contributing to this region's aesthetic laser and energy devices market growth.

Key Highlights

• The global aesthetic lasers and energy devices market was valued at USD 4,469 million in 2021. It is projected to reach USD 10,799 million by 2030, growing at a CAGR of 10.3% during the forecast period (2022–2030).
• Based on technology, the global aesthetic laser and energy devices market is classified into energy-based technology, laser-based technology, and light-based technology. The energy-based aesthetic treatment is the highest contributor to the market and is expected to expand with a CAGR of 10.5% during the forecast period.
• Based on product, the global aesthetic laser and energy devices market is divided into laser resurfacing devices, aesthetic ophthalmology devices, and body contouring devices. The laser resurfacing category owns the highest market share and is expected to grow at a CAGR of 9.9% during the forecast period.
• Based on application, the global aesthetic laser and energy-based aesthetic devices market is divided into skin tightening, hair removal, skin resurfacing, skin rejuvenation, and others. The skin tightening segment is the highest contributor to the market and is expected to grow at a CAGR of 10% during the forecast period.
• Based on end-user, the global aesthetic laser and energy devices market is classified into cosmetic surgery centers/clinics, multi-specialty centers, and standalone centers. The cosmetic surgery center segment owns the highest market share and is expected to grow at a CAGR of 10.7% during the forecast period.
• North America is the most significant shareholder in the global aesthetic lasers and energy devices market and is expected to grow at a CAGR of 10% during the forecast period.

Competitive Players

Competitive Players

The major players in this market include Hologic Inc., Abbvie, Candela Medical, Sisram Medical Ltd., Solta Medical, Energist Medical Group, Lumenis, Ltd., Lutronic, Inc., Erchonia Corporation., MicroAire Surgical Instruments, LLC., Sciton, Inc., and InMode Aesthetic Solutions.

Recent Developments

Market News

• In Dec 2021, Allergan Aesthetics, an AbbVie company, acquired Soliton, Inc. The inclusion of Soliton and its technology completed the line-up of non-invasive body sculpting procedures offered by Allergan Aesthetics.
• In August 2022, Alma, a Sisram Medical Company, launched the Alma Hybrid and Alma TED Systems in Canada.

Segmentation

Global Aesthetic Lasers and Energy Devices Market: Segmentation

By Technology 

• Laser-based Technology
• Light-based Technology
• Energy-based Technology

By Products

• Laser Resurfacing Devices
• Body Contouring Devices
• Aesthetic Ophthalmology Devices

By Applications

• Hair Removal
• Scar Removal/Skin Resurfacing
• Skin Rejuvenation
• Skin Tightening
• Others

By End-User

• Multi-Specialty Centers
• Standalone Centers
• Cosmetic Surgery Centers/Clinics

By Regions

• North America
• Europe
• Asia-Pacific
• LAMEA