The global aesthetic lasers and energy devices market has seen remarkable growth, reaching a value of USD 5.07 billion in 2023. This market, which includes a wide range of devices used for non-invasive cosmetic procedures such as laser hair removal, skin rejuvenation, acne treatment, and body contouring, is expected to expand further. With a projected compound annual growth rate (CAGR) of 10.2% during the forecast period from 2024 to 2032, the market is on track to attain a value of USD 12.15 billion by 2032.
Key Drivers of Growth
Several factors are driving the growth of the aesthetic lasers and energy devices market. These include:
Rising Disposable Incomes: As global disposable incomes rise, more people are able to afford aesthetic treatments, particularly in emerging economies. This trend is driving demand for both medical and beauty procedures, leading to increased adoption of advanced aesthetic laser devices.
Urbanisation: With increasing urbanisation, there is a growing demand for aesthetic services in urban centres. People in cities are more exposed to beauty trends and innovations, fostering greater interest in non-surgical cosmetic procedures.
Growing Consciousness about Physical Appearance: In today’s society, physical appearance plays a critical role in social interactions, career prospects, and self-esteem. This has led to a rise in demand for cosmetic treatments. Aesthetic lasers, which offer non-invasive solutions for skin issues and body contouring, are particularly popular.
Increasing Cases of Skin Ailments and Disfigurements: Rising incidences of skin disorders, including acne, psoriasis, and skin ageing, combined with accidents and diseases leading to disfigurement, have created a market for treatments that can help individuals regain their appearance. Aesthetic lasers are often used to treat such conditions.
Technological Advancements: Continuous innovations in laser technologies are enhancing the effectiveness and safety of aesthetic procedures. New lasers, such as fractional lasers, and energy-based devices are offering more effective treatments with minimal downtime. These advances are expected to fuel market growth by attracting more patients seeking safe, non-invasive treatments.
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Market Segmentation
The aesthetic lasers and energy devices market can be segmented based on product type, application, end-user, and region.
By Product Type:
Laser Devices: Laser devices are widely used in a variety of aesthetic treatments, including skin rejuvenation, hair removal, acne treatments, and tattoo removal. The high demand for laser hair removal devices, in particular, is driving growth in this category.
Light-Based Devices: These devices use various forms of light, such as intense pulsed light (IPL), to treat skin conditions like sun damage, pigmentation issues, and vascular lesions. Light-based treatments are growing in popularity due to their minimal downtime and non-invasive nature.
Radiofrequency Devices: Radiofrequency devices, used primarily for skin tightening and body contouring, are gaining traction for their ability to provide effective results without surgery. These devices work by stimulating collagen production in the skin, leading to smoother and firmer skin.
Ultrasound Devices: These devices use sound waves to penetrate the skin, providing a non-invasive solution for lifting and tightening the skin. They are particularly popular for facial treatments and are becoming a preferred option for patients seeking anti-ageing treatments.
By Application:
Skin Resurfacing: Skin resurfacing is one of the largest applications for aesthetic lasers and energy devices. Techniques such as fractional CO2 laser and erbium laser are commonly used to treat wrinkles, scars, sun spots, and other skin irregularities. These procedures help rejuvenate the skin and provide a youthful appearance.
Hair Removal: Laser hair removal is one of the most commonly performed cosmetic procedures. The growing popularity of laser hair removal devices, due to their permanent results and minimal discomfort, is expected to continue driving market growth.
Body Contouring: Non-invasive body contouring procedures, such as those using radiofrequency or ultrasound technologies, are increasingly sought after as individuals aim for a more sculpted appearance without the need for invasive surgeries.
Tattoo Removal: Tattoos are becoming more popular, but many people opt for removal treatments as they regret their decisions later. Laser technology is considered the most effective and safe method for tattoo removal.
Pigmentation Treatment: Treatments targeting skin pigmentation issues, including age spots, freckles, and hyperpigmentation, are also in high demand. Aesthetic lasers help to reduce pigmentation and even out skin tone.
By End-User:
Dermatology Clinics: Dermatology clinics are major users of aesthetic lasers and energy devices. These clinics offer a range of laser treatments for conditions like acne, scars, and ageing skin. The growing number of dermatology clinics worldwide is supporting market expansion.
Beauty Clinics and Spas: Non-medical establishments, such as beauty clinics and spas, are also key end-users of aesthetic devices. These establishments provide laser treatments for cosmetic enhancement, attracting a broader consumer base.
Hospitals: Aesthetic lasers and energy devices are increasingly being used in hospitals, particularly in the cosmetic surgery departments. Hospitals offer advanced treatments for patients seeking more comprehensive aesthetic solutions.
By Region:
North America: North America holds the largest share of the aesthetic lasers and energy devices market due to high consumer awareness, advanced healthcare infrastructure, and a strong demand for cosmetic procedures. The United States, in particular, is a leader in the aesthetic treatments market.
Europe: Europe is another key region for the aesthetic lasers market. Rising disposable incomes and a growing preference for non-invasive treatments are driving demand across European countries.
Asia Pacific: The Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rise in disposable incomes, urbanisation, and increasing popularity of aesthetic treatments in countries like China, India, and Japan are contributing factors.
Latin America Middle East and Africa: The demand for aesthetic lasers and energy devices is growing in Latin America and the Middle East as well, driven by increasing interest in cosmetic treatments and improvements in healthcare systems.
Technological Advancements Driving Market Growth
The aesthetic lasers and energy devices market is constantly evolving with innovations aimed at improving patient outcomes and treatment efficiency. Some of the most notable technological advancements include:
Fractional Lasers: These lasers divide the beam into numerous tiny beams, allowing for deeper penetration without affecting the outer layers of the skin. This makes fractional lasers more effective for skin resurfacing, and they have become a popular treatment for acne scars and wrinkles.
Picosecond Lasers: Offering faster treatment times, picosecond lasers have revolutionised the tattoo removal market by reducing the number of sessions required and minimising skin damage.
Dual Wavelength Lasers: Lasers with dual wavelengths allow practitioners to treat a variety of skin conditions simultaneously, improving the versatility of treatments and reducing the need for multiple sessions.
Intense Pulsed Light (IPL) Technology: IPL devices are used for a wide range of skin treatments, including pigmentation and vascular issues. They are gaining popularity due to their non-invasive nature and efficacy.
Key Players in the Market
Several companies dominate the global aesthetic lasers and energy devices market, providing innovative products and solutions. Some of the key players include:
Lumenis (Israel): Lumenis is a global leader in the aesthetic laser market, known for its cutting-edge laser devices used in dermatology and ophthalmology. The company's product portfolio includes systems for hair removal, skin rejuvenation, and tattoo removal.
Candela Corporation (USA): Candela offers a range of aesthetic devices that utilise laser and light-based technologies. The company is known for its GentleMax Pro and VBeam systems, which are widely used for skin resurfacing and hair removal treatments.
Syneron Candela (USA): Syneron Candela is a major player in the energy-based aesthetic devices market, offering systems that combine lasers, light, and radiofrequency for skin treatments. Their products are used in dermatology clinics and spas worldwide.
Cutera (USA): Cutera is known for its high-quality aesthetic devices, including lasers for skin rejuvenation, hair removal, and vascular treatments. The company is focused on developing innovative, non-invasive devices for the medical aesthetics market.
Alma Lasers (Israel): Alma Lasers provides advanced laser technologies for aesthetic applications such as skin resurfacing, hair removal, and body contouring. The company offers a wide range of products catering to both medical and beauty professionals.
Fotona (Slovenia): Fotona is a global leader in laser-based aesthetic treatments, offering a variety of lasers used for skin care, dental, and surgical procedures. Their devices are renowned for their precision and effectiveness in treating skin conditions.
FAQs
1. What are aesthetic lasers and energy devices? Aesthetic lasers and energy devices are non-invasive tools used to enhance physical appearance, treat skin disorders, and perform cosmetic procedures such as hair removal, skin resurfacing, body contouring, and tattoo removal.
2. What are the benefits of using aesthetic lasers? Aesthetic lasers offer numerous benefits, including minimal downtime, non-invasive treatments, precision, and the ability to treat a wide range of skin issues effectively.
3. What is driving the growth of the aesthetic lasers market? Key factors include rising disposable incomes, increasing urbanisation, growing awareness about physical appearance, rising cases of skin ailments, and advancements in technology within the medical and beauty industries.
4. What is the forecast for the aesthetic lasers and energy devices market? The market is projected to grow at a CAGR of 10.2% from 2024 to 2032, reaching a value of USD 12.15 billion by 2032.
5. Who are the major players in the aesthetic lasers market? Key players include Lumenis, Candela Corporation, Syneron Candela, Cutera, Alma Lasers, and Fotona.
