Professional Aesthetic Lasers Market Research Report: By Laser Type (Carbon Dioxide, Erbium Yttrium Aluminum Garnet, Diode, Pulsed-Dye Lasers, Neodymium-Doped Yttrium Aluminum Garnet, Alexandrite), Application (Skin Rejuvenation, Hair Removal, Pigmentation, Tattoo Removal, Vascular Lesions), End User (Hospitals, Private Clinics, Spas and Salons) - Global Industry Analysis and Demand Forecast to 2030

Professional Aesthetic Lasers Market Overview

The global professional aesthetic lasers market was valued at $1,303.9 million in 2020, and is expected to grow at a CAGR of 10.3% during the forecast period (2021–2030). This growth can be primarily attributed to the increasing awareness through seminars and conferences, surging geriatric population, rising disposable income, growing medical tourism industry, increasing volume of aesthetic procedures, technological advancement, and surging awareness about safety and advantages of laser-based aesthetic devices.

In the ongoing COVID-19 pandemic, governments of several countries are taking strong measures, such as implementation of reforms, to ensure their economies remain stable and mitigate economic and health threats of COVID-19. The manufacturing industry across the world is facing challenges, owing to the availability of smaller workforce and government mandates for lockdowns. This, in turn, has affected the sales of aesthetic lasers, globally. The pandemic also negatively impacted the supply chains of numerous sectors, worldwide, particularly during the first two quarters of 2020.

Due to Deep Penetration Power, CO2 Lasers Are Highly Preferred Among Consumers

The CO2 lasers category is expected to witness the highest growth rate in the foreseeable future, based on laser type. This can be majorly due to the rising usage of CO2 lasers in skin rejuvenation and pigmentation treatments, which are increasing in demand. Moreover, these lasers are highly preferable among consumers, as these offer better results with the help of their deep penetration property.

Need for Youthful Appearance Generates Higher Demand for Skin Rejuvenation Procedures

The skin rejuvenation category accounted for the largest share in the professional aesthetic lasers market, and it is also expected to retain its position in upcoming years, based on application. This is attributed to the rising incidence of certain unwanted changes, such as wrinkles, scars, fine lines, enlarged pores, rough texture, and dull tone, which become evident on the human face with age. Therefore, to get a youthful glow, people are using skin rejuvenation treatments, which result in rising demand of these procedures.

Deployment of Aesthetic Procedures in Clinics Attracts Larger Consumer Base

The private clinics category dominates the professional aesthetic lasers market, based on end user. Moreover, it is expected to be the fastest-growing category during the forecast period, owing to the rising focus of the private clinics on providing aesthetic treatments, unlike hospitals, which are more inclined toward treating a range of medical conditions, and where aesthetic treatments are only a specialty treatment.

North America – Largest Revenue Contributor to Industry Due to Rising Healthcare Expenditure

North America contributed the largest revenue share to the professional aesthetic lasers market in 2020. This is mainly attributed to the rising healthcare expenditure, presence of a large number of market players, availability of advanced aesthetic laser systems, and growing awareness about aesthetic treatments, in the region.

Rising Inclination Toward Improved Appearance Is Key Market Trend

The preference among consumers toward aesthetic laser treatments and other cosmetic procedures, in order to get a youthful appearance, is increasing. Moreover, according to the American Society for Dermatologic Surgery (ASDS), in 2017, the number of people who opted for cosmetic treatment doubled since 2013. Moreover, many dermatologists and cosmetologists across the globe are now combining laser and intense pulsed light (IPL) in skincare treatments to deliver effective results.

Increasing Awareness Through Seminars and Conferences Drives Market Growth

Globally, a large number of conferences, exhibitions, and seminars are being organized to raise awareness among students, plastic surgeons, and general public about the advancements in anti-aging treatments. Many market players are, therefore, actively taking part in these exhibitions and events to showcase and launch their offerings. For instance, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Monte Carlo, Monaco, in April 2019. The AMWC featured five sessions on aesthetics and anti-aging, with discussions and knowledge sharing by opinion leaders and experts.

Surging Geriatric Population Increases Demand for Professional Aesthetic Lasers

The loss of fibrous tissue and reduction in skin stem cells, leading to the occurrence of wrinkles, dryness, pigmentary alteration, and sagging, along with the rise in aging population. According to the United Nations Department of Economic and Social Affairs (UNDESA), the population of individuals aged 65 years and above will reach 356.6 million in China, 225.4 million in India, 84.8 million in the U.S., and 52.0 million in Brazil, by 2050. This rise in the elderly population across the world would lead to the increased adoption of aesthetic laser systems, which, in turn, would drive the market growth.

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Market Players Are Introducing New Products to Gain Competitive Edge

The global professional aesthetic lasers market is fragmented in nature with presence of several key industry players, such as Alma Lasers Ltd., Lumenis Ltd., Syneron Medical Ltd., Cutera Inc., Sciton Inc., EL.EN. S.p.A, and Laseroptek Co. Ltd.

In recent years, the players in the industry have been involved in multiple product launches, in order to stay ahead of their competitors. For instance:

• In October 2020, Alma Lasers Ltd. launched the Alma Hybrid platform, which provides the options of ablative, thermal, and non-ablative treatments for scar revision and skin rejuvenation. Alma Hybrid works by combining the power of three core energies, namely CO2 laser, 1570 nm laser, and IMPACT for transepidermal delivery (TED).
• In August 2020, Laseroptek Co. Ltd. launched the PALLAS solid-state 311 nm ultraviolet B (UVB) laser in the U.S. It is the Food and Drug Administration (FDA)-approved technology for the treatment of vitiligo, atopic dermatitis, psoriasis, and leukoderma.

Some of Key Players in Professional Aesthetic Lasers Market Include:

Market Size Breakdown by Segment

The global professional aesthetic lasers market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Laser Type

• Carbon Dioxide (CO2)
• Erbium Yttrium Aluminum Garnet (Er:YAG)
• Diode
• Pulsed-Dye Lasers (PDL)
• Neodymium-Doped Yttrium Aluminum Garnet (Nd:YAG)
• Alexandrite

Based on Application

• Skin Rejuvenation
• Hair Removal
• Pigmentation
• Tattoo Removal
• Vascular Lesions

Based on End User

• Hospitals
• Private Clinics
• Spas and Salons

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  •  Italy
  • Spain
  • Netherlands
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • Australia
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa
  • U.A.E