Cosmetic Lasers Market by Product (Nd:YAG, Carbon Dioxide, Pulse Dyed-Laser (PDL), Diode and Er:YAG), Modality (Multiplatform and Standalone), Application (Hair Removal, Vascular Lesions, Body Contouring, Skin Resurfacing, and Scar & Acne Removal), End Users (Hospitals, Dermatology Clinics and Medical Spas) - Analysis & Forecast 2019-2030
Report ID : 47 | Published Date : Apr 2019 | Pages : 150 | Region : Global | Report Code : MD-27
Cosmetic Lasers Market Overview and Introduction
Cosmetic lasers market is estimated to be over US$ 1,500 Mn in 2018. It is anticipated to grow at a CAGR of 13.4% from 2019 to 2030.
Cosmetic laser devices are used for cosmetic or aesthetic treatment to improve the physical appearance of an individual. These treatment procedures work on the mechanism of selective photothermolysis, where light source emitting a definite wavelength is used to produce a thermal effect. The thermal effect leads to lysis of the cells, thereby causing the destruction of unwanted cells. This form of treatment is minimally invasive and bears several advantages over its conventional counterparts.
The global market is driven by increasing awareness regarding aesthetic treatments and improved acceptance of medical aesthetic procedure. Moreover, increasing preference of minimally invasive procedure, rise in medical tourism for aesthetics treatment, technological advancements & introduction of new cost effective products have been pivotal in contributing to the extensive growth of the global market. However, existence of stringent regulations for aesthetic procedures is likely to restrain the market to a certain extent.
Cosmetic Lasers Market by Product
On the basis of product, this market is segmented into Nd:YAG, Carbon Dioxide, Pulse Dyed-Laser (PDL), Diode Er:YAG and other products. The Nd:YAG segment is estimated to account for the largest share in the global market. The large share of this product segment can be attributed to the wide scale application of this product for several treatments, namely hair removal, tattoo removal, and skin resurfacing among others.
Cosmetic Lasers Market by Modality
On the basis of modality, The market can be segmented into multiplatform and standalone devices. In terms of market share, the segment of multiplatform is estimated to account for the largest market share, owing to increasing adoption of multiplatform systems for treatment of multiple conditions.
Cosmetic Lasers Market by Application
Similarly, in terms of application the cosmetic laser market can be segmented into Hair removal, vascular lesions, body contouring, skin resurfacing, scar & acne removal and other applications. The segment of scar & acne which includes treatments for conditions like sun damage, age spots, and melisma among others, is estimated to grow at a robust CAGR during the forecast period.
Cosmetic Lasers Market by End Users
Based on the end users, the market is segmented into hospitals, dermatology clinics and medical spas. The dermatology clinics segment is estimated to account for the largest share of the global market. The large share of this segment can be attributed to presence of advance facilities, highly skilled aesthetic surgeons and lower hospitalization time are likely to drive the growth of the segment.
Cosmetic Lasers Market by Regions
The global market can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). North America dominated the market of cosmetic lasers, followed by Europe and Asia Pacific. North America will continue to dominate the global market in the forecast period owing to factors such increasing adoption of minimally invasive cosmetic procedures to improve overall physical appearance, availability of wide range of treatment options, and technological advancements among others. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, Korea, Japan and India. Factors such as rise in medical tourism, low cost of aesthetic procedures and highly advanced hospital infrastructure are likely to attract patients from different parts of the world.
Cosmetic Lasers Market Prominent Players
The prominent players in the global market are Cutera, Inc, Cynosure (Hologic Inc.), Alma Lasers, Ltd. (Fosun Pharmaceutical Co., Ltd.), SharpLight Technologies Inc, Aerolase Corp., Syneron Medical Ltd., Sciton, Inc., Solta Medical, Inc., Lumenis Ltd and El.En. S.P.Aamong others.