Global Aesthetic/Cosmetic Lasers Market by Type (Standalone Lasers, Multiplatform Lasers), By Application (Hair Removal, Skin Rejuvenation, Vascular Lesions, Acne & Scars, Pigmented Lesion & Tattoo Removal, Leg & Varicose Veins), By End User (Private Clinics, Hospitals, Cosmetic Centers, Medical Spas), By Geography – Industry Trends and Forecast to 2024
According to a new report published by Data Bridge Market Research, titled, Global Aesthetic/Cosmetic Lasers Market – Industry Trends and Forecast to 2024.
Market Analysis: Global Aesthetic/Cosmetic Lasers Market
The Global Aesthetic/Cosmetic Lasers Market accounted to USD 696.95 million in 2016 growing at a CAGR of 10.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Aesthetic/Cosmetic Lasers Market
Medical laser treatments for aesthetic or cosmetic surgeries are in demand.
The demand for the laser treatments is growing rapidly due to the aging baby boomers and the growing rate of consumers that spends to the cosmetic surgeries. The growing adoption of the noninvasive procedures, the rising cases of skin damages, rising medical tourism, changing lifestyles and reduction in the procedural costs drives the market.
Major market drivers and restraints: Global Aesthetic/Cosmetic Lasers Market
- Increase in adoption of non-invasive aesthetic procedures
- Changing lifestyle and growing disposable income
- Technological advancements in the aesthetic or consumer lasers
- Increasing beauty consciousness and aesthetic concepts
- Severe safety regulations for aesthetic procedures
- Lack of reimbursement of cosmetic laser based procedures
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Market Segmentation: Global Aesthetic/Cosmetic Lasers Market
The global aesthetic/cosmetic lasers market is segmented by type standalone lasers and multiplatform lasers. Standalone lasers are further segmented into carbon dioxide (Co2) laser, Er:YAG (erbium YAG) laser, diode lasers, pulsed dye lasers, neodymium:yttrium-aluminum-garnet (Nd:YAG) laser, alexandrite lasers and others.
On the basis of application the market is segmented into hair removal, skin rejuvenation, vascular lesions, acne & scars, pigmented lesion & tattoo removal and leg & varicose veins.
By end user the market is segmented into private clinics, hospitals, cosmetic centers and medical spas.
On the basis of geography, aesthetic/cosmetic lasers market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Competitive Analysis: Global Aesthetic/Cosmetic Lasers Market
The aesthetic/cosmetic lasers market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of aesthetic/cosmetic lasers market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Aesthetic/Cosmetic Lasers Market
Some of the major players operating in global aesthetic/cosmetic lasers market are Cutera, Lumenis Ltd., Hologics Inc., Aerolase Corp., Alma Lasers, El.En. S.p.A., Sciton, Inc., SharpLight Technologies Ltd., Syneron Medical Ltd., Valeant, Cosmeditech Innovations Ltd., SENTIENT LASERS, LLC, Erchonia Corporation, TJS Lasers, Inc., LINLINE, Hyper photonics s.r.l., Fotona d.o.o., Asclepion Laser Technologies GmbH, BISON MEDICAL and NBW among others.
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