The global aesthetic lasers and energy devices market reached a value of US$ 4,172 Million in 2020.
Looking forward, the analyst expects the market to grow at a CAGR of 10.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Aesthetic lasers and energy devices are the medical devices that are used for numerous cosmetic procedures to treat skin defects and improve the physical appearance of an individual. Utilizing medical procedures to enhance or beautify the physical appearance has always been a common practice, which received a further boost in the early 1990s with the advent of significant developments in the medical and beauty industries. These devices are widely used to enhance the physiology of wrinkled and aging skin. Apart from this, skin rejuvenation, tattoo removal, skin tightening, treatment of pigmented lesions, and vascular lesions, are some of the other purposes for which these devices are utilized.
The market for aesthetic lasers and energy devices is primarily driven by significant technological advancements in the medical and beauty industries, coupled with increasing consciousness among individuals regarding their physical appearance. An upsurge in the incidences of severe skin damage due to various reasons such as road accidents is also acting as a major growth-inducing factor. Furthermore, increasing prevalence of skin cancer and obesity, which often leads to distorted physical appearance, is contributing to the market growth. Moreover, changing fashion and the trend to follow celebrity looks are also driving the market. Some of the other factors that are expected to create a positive outlook for the market include extensive research and development (R&D) in the field of dermatology and the growing consumer expenditure capacities.
Market Break by Product Type
Laser Resurfacing Devices Body Contouring Devices Aesthetic Ophthalmology Devices Others
Market Break by Application
Hair Removal Skin Resurfacing Skin Rejuvenation Body Shaping and Skin Tightening Others
Market Break by Technology
Laser Based Technology Light Based Technology Energy Based Technology
Market Break by End-Users
Cosmetic Centers Dermatology Clinics Hospitals Ambulatory Surgery Centers (ASCs)
Market Break by Region
North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Argentina Colombia Chile Peru Others Middle East and Africa Turkey Saudi Arabia Iran United Arab Emirates Others
Competitive Landscape: The report has also examined the competitive landscape in the global aesthetic lasers and energy devices market. Some of the major players include Allergan Plc., Bausch Health Companies Inc., Candela Medical, Cutera Palomar Medical Technologies, Cynosure Inc., Fotona Inc., Lumenis Ltd., Lutronic Inc., Sciton Inc., etc. Key Questions Answered in This Report:
How has the global aesthetic lasers and energy devices market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global aesthetic lasers and energy devices market? What is the breakup of the global aesthetic lasers and energy devices market based on the product type? What is the breakup of the global aesthetic lasers and energy devices market based on the application? What is the breakup of the global aesthetic lasers and energy devices market based on the technology? What is the breakup of the global aesthetic lasers and energy devices market based on the end users? What is the regional breakup of the global aesthetic lasers and energy devices market? What are the various stages in the value chain of the global aesthetic lasers and energy devices market? What are the key driving factors and challenges in the global aesthetic lasers and energy devices market? What is the structure of global aesthetic lasers and energy devices market industry and who are the key players? What is the degree of competition in the global aesthetic lasers and energy devices market?
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