Cosmetic Lasers Market Size Worth USD 1723.8 Mn By 2027

As per our research report, the global aesthetic/cosmetic lasers market size was valued at USD 1041.6 million in 2022 and is estimated to be growing at a CAGR of 10.6% from 2022 to 2027.

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A cosmetic laser treatment reduces facial wrinkles and skin imperfections, including blemishes and acne scars. This procedure, also known as Las abrasion, laser peel, or laser vaporization, uses brief, intense pulsating light beams to remove skin layers by layer accurately. It treats various medical issues, including aging skin, age spots, fine lines, wrinkles on the face, birthmarks, spider veins, droopy, dry, sagging eyelid skin, and dark circles. It can also be used to address uneven skin tone and texture and smokers’ lines, vascular lesions, and skin tightening.

The cosmetic laser market is being driven by a significant increase in the choice for non-aesthetic surgeries and technological advancements in laser technology. Furthermore, the expansion of the cosmetics laser market is fuelled by the rise in the adoption of non-invasive procedures, an increase in incidences of skin damage, an increase in medical tourism and ever-changing lifestyles, and lower procedural costs. Other factors that fuel the growth of the cosmetic laser market are improved implementation of aesthetic operations, development of laser technology, growing focus on body attractiveness among both men and women, and high spending income in developing nations. Cosmetic lasers are used for various procedures, including tattoo removal, wrinkle reduction, acne and scar removal, hair removal, and skin rejuvenation. The acne and scar removal segment, which includes treatment for various scars such as sun damage, melisma, and age spots, is expected to develop in the future.

Cosmetic procedures are relatively painless. The cosmetic issue is what drives the laser devices utilized in these operations. Beauty lasers are projected to grow in popularity as the cosmetic business expands and people become more conscious of their physical appearance.

In addition, the expansion of the cosmetic laser market has been supported by a significant increase in demand for non-invasive treatments and technological advancements in laser technologies. Additionally, increased acceptance for non-aesthetic procedures, rising occurrences of skin damage, and lower procedural costs are some of the factors driving the cosmetic laser industry forward. Other factors such as the advancement of laser technology, an aging population with a greater focus on physical attractiveness among both men and women, and rising medical tourism are expected to enhance the cosmetic laser market over the projected period. On the other hand, the cosmetic laser market is expected to benefit from advancements in fillers, lasers, and injectables soon. Furthermore, the market is likely to benefit from different technological advancements in aesthetic/cosmetic lasers, as well as an increase in medical tourism. Therefore, increased industry research and development activities and technical advances will accelerate the growth rate of the aesthetic cosmetic lasers market in the future.

Furthermore, the market expansion is predicted to be fuelled by the developing healthcare sector, rising demand for non-invasive aesthetic treatments, and modernization of healthcare practices. However, growing awareness of the benefits of laser operations, increasing healthcare spending, and increasing demand from emerging economies will slow the market’s development.

However, challenges such as manufacturers’ lack of focus on aesthetic devices, government rules restricting the use of cosmetic lasers, and a lack of reimbursement are expected to stifle the market’s growth. The market’s growth may be hampered by manufacturers’ lack of focus on aesthetic devices and strict safety rules for the use of cosmetic lasers. Furthermore, the sale of counterfeit items and a lack of reimbursement are expected to hinder the growth of the cosmetic lasers market.

Customers are hesitant to undergo costly cosmetic treatments due to the economic slump and diminished discretionary expenditure. As a result, the cosmetic laser market is expected to be hampered by the decline in elective operations and demand for ablative cosmetic treatments. Furthermore, the aesthetic cosmetic laser market is expected to be challenged by the social stigma associated with cosmetic procedures and the high cost of such treatments in the forecast future.

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SEGMENTS COVERED UNDER THIS REPORT:

By Type:

• Standalone Lasers
  • Carbon Dioxide (Co2) Laser
  • Er: YAG (Erbium YAG) Laser
  • Diode Lasers
  • Pulsed Dye Lasers
  • Neodymium:Yttrium-Aluminum-Garnet(Nd:YAG) Laser
  • Alexandrite Lasers
  • Other Standalone Lasers
• Multiplatform Lasers

By Application:

• Hair Removal
• Skin Rejuvenation
• Vascular Lesions, Acne, and Scars
• Pigmented Lesion & Tattoo Removal
• Leg and Varicose Veins
• Other Applications

By End-User:

• Private Clinics
• Hospitals
• Medical Spas

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

KEY MARKET INSIGHTS:

Because of an expanding demand for aesthetic procedures and advanced laser treatments and an aging population, North America is predicted to account for the largest market value share in the cosmetic lasers market. However, with increased awareness of physical alteration, Europe’s cosmetic laser market is expected to grow significantly.

Due to the rising incidence rate of skin damage and increased medical tourism in the region, the Asia Pacific market is expected to see a potential opportunity in out-turning cosmetic laser therapy. Because of the rising potential in medical tourism, the Asia Pacific area is expected to develop at the fastest rate throughout the projected period. Over the projected period, people with high knowledge of aesthetic operations are expected to contribute to the high growth of this geographical segment. In developing economies like India, there is an intense desire and willingness among the population to undergo aesthetic procedures. According to the International Society of Aesthetic Plastic Surgery, roughly 70,416 face rejuvenation treatments will be performed in India in 2020. Furthermore, the region’s market is likely driven by rising medical tourism in emerging countries.

In 2021, North America had the largest market share, accounting for 38.6% of the total. North America held a significant share of the market in 2021, primarily to the presence of many skilled specialists and widespread awareness of advancements in aesthetic procedures in the region. The introduction of innovative technologies and significant investments by industry players in research and development to upgrade existing technology and make it safer and more effective drive the market.

A growing number of surgeons in the region, rising consumer spending power, and increased research efforts in the sector contribute to the market’s rise in North America.

A vast number of cosmetic treatments are performed in this region, and supporting policies for the growth of the medical tourism sector are expected to drive the cosmetic lasers market in Latin America. In addition, rising awareness of the efficacy of laser operations for aesthetic treatment is expected to boost the market for cosmetic lasers in the future.

The cosmetic laser market is expected to grow in Europe due to increased demand for minimally invasive cosmetic operations and technical developments. However, the establishment of strict laws and regulations for aesthetic devices and procedures could have a negative impact on the growth of the cosmetic laser market.

Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc. (U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and Solta Medical (U.S.) are some of the prominent companies operating in the global cosmetic lasers market profiled in this report.

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