Aesthetic Lasers And Energy Devices Market Overview
The Aesthetic Lasers And Energy Devices Market Size is expected to reach USD 15.65 Billion by 2033. The Aesthetic Lasers And Energy Devices Market industry size accounted for USD 8.74 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 9.45% from 2023 to 2033. The Aesthetic Lasers and Energy Devices Market refers to the global industry focused on the development, production, and sale of devices used for cosmetic procedures aimed at improving physical appearance. The Aesthetic Lasers and Energy Devices Market refers to the commercial activity surrounding devices that use lasers or other forms of concentrated energy for cosmetic and aesthetic purposes. These devices address a variety of concerns people have about their appearance and focus on procedures that are minimally invasive.
The Aesthetic Lasers and Energy Devices Market is poised for continued growth due to the factors mentioned above. It represents a significant segment of the medical device industry and caters to the increasing demand for non-surgical cosmetic procedures.
Global Aesthetic Lasers And Energy Devices Market Synopsis
COVID-19 Impact Analysis
The COVID-19 pandemic significantly impacted the Aesthetic Lasers and Energy Devices Market. Many aesthetic clinics and medical spas were forced to close temporarily due to lockdowns and social distancing measures, leading to a sharp decline in demand for aesthetic procedures. Restrictions and lockdowns affected manufacturing facilities, leading to delays in production and supply of aesthetic devices. Disruptions in global supply chains and transportation affected the timely delivery of products and parts. Economic uncertainty and job losses led to reduced disposable income, affecting consumer spending on non-essential services, including aesthetic treatments. Consumers became more cautious about undergoing elective procedures, emphasizing the importance of safety and hygiene in aesthetic treatments. The adoption of telemedicine for initial consultations and follow-ups increased, allowing clinics to maintain engagement with clients. There was a rise in demand for portable, at-home aesthetic devices as consumers sought alternatives to in-clinic treatments.
Aesthetic Lasers And Energy Devices Market Dynamics
The major factors that have impacted the growth of Aesthetic Lasers And Energy Devices Market are as follows:
Drivers:
Ø Rising Demand for Non-Invasive and Minimally Invasive Procedures Rapid
Increasing preference for non-invasive and minimally invasive aesthetic procedures due to their shorter recovery times, reduced risk of complications, and minimal discomfort compared to traditional surgical procedures. Continuous innovations in laser and energy-based technologies enhance the effectiveness and safety of these procedures, attracting more consumers. Continuous development of advanced aesthetic lasers and energy devices that offer better outcomes, safety, and user-friendliness. Introduction of multi-functional devices that can perform various treatments, providing cost-effective solutions for clinics and practitioners.
Restraint:
- Perception of High Costs of Devices and Procedures
The high cost of purchasing advanced aesthetic laser and energy devices can be a barrier for small clinics and practitioners. The relatively high cost of aesthetic treatments may limit accessibility for a broader consumer base, especially in regions with lower disposable income. The effective and safe use of advanced aesthetic devices requires skilled and trained professionals. A shortage of adequately trained practitioners can limit the market’s growth. Continuous education and certification requirements can be burdensome and costly for practitioners, potentially limiting the adoption of new technologies.
Opportunity:
⮚     Growing Demand in Emerging Markets
Rising disposable incomes and growing middle-class populations in emerging markets, such as Asia-Pacific and Latin America, present significant opportunities for market expansion. Targeted marketing and education efforts can raise awareness and acceptance of aesthetic treatments in these regions. Expanding the use of telemedicine for initial consultations and follow-ups can increase accessibility to aesthetic treatments, especially for patients in remote or underserved areas. Growing consumer awareness of environmental issues presents an opportunity to develop and market sustainable and eco-friendly aesthetic devices. Companies that adopt sustainable practices and produce eco-friendly devices can enhance their brand image and appeal to environmentally conscious consumers.
Aesthetic Lasers And Energy Devices Market Segment Overview
By Product Type
Based on Product Type, the market is segmented based on Laser Resurfacing Devices, Body Contouring Devices, Aesthetic Ophthalmology Device and Others. The Laser Resurfacing Devices segment dominant the market. This segment focuses on devices used for skin resurfacing, which is a popular cosmetic procedure aimed at improving the skin’s texture, tone, and overall appearance by removing layers of skin and stimulating collagen production
By Technology
Based on Technology, the market segment has been divided into the Laser-Based Technology, Light-Based Technology and Energy-Based Technology. The Energy-Based Technology segment dominant the market, owing to the growing demand for aesthetic procedures coupled with the increasing number of hospitals offering aesthetics. The ability to produce highly precise and controllable effects on tissues, microscopes, and minimally invasive delivery systems, easy adaptability to fiber optics, and the potential to treat some conditions by laser-based and light-based or sound waves on a specific target without touching the tissue with a solid instrument, make these devices more preferred.
By Application
Based on Application, the market segment has been divided into the Hair Removal, Scar Removal and Skin Resurfacing, Skin Rejuvenation, Skin Tightening, Body Shaping & Skin Tightening and Others. Skin resurfacing is a cosmetic procedure aimed at improving skin texture, tone, and appearance by removing damaged outer layers and promoting collagen production. As more people become aware of the benefits of laser skin resurfacing, the demand for these treatments is increasing, which will have a positive impact on the growth of the market during the forecast period.
By End User
Based on End User, the market segment has been divided into the Multi-Specialty Centers, Standalone Centers, Dermatology Clinics, Ambulatory Surgery Centers (ASCs) and Cosmetic Surgery Centers & Clinics. The Cosmetic Surgery Centers & Clinics segment dominant the market. This segment encompasses facilities that provide a range of cosmetic procedures, including those performed with lasers and other energy-based devices. A leading market due to high disposable incomes, advanced healthcare infrastructure, and widespread acceptance of cosmetic procedures. The U.S. is a major hub with a high concentration of clinics and surgery centers.
Global Aesthetic Lasers And Energy Devices Market Regional Analysis
Based on region, the global Aesthetic Lasers And Energy Devices Market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Aesthetic Lasers And Energy Devices Market followed by the Asia-Pacific and Europe regions.
North America Market
North America holds a dominant position in the Aesthetic Lasers And Energy Devices Market.
Asia-Pacific Market
The Asia-Pacific region has indeed emerged as the fastest-growing market for the Aesthetic Lasers And Energy Devices Market industry.
Competitive Landscape
The global Aesthetic Lasers And Energy Devices Market is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.
Prominent Players:
- Allergan Plc.
- Bausch Health Companies Inc.
- Cutera BioSpace
- Cynosure Inc.
- Fosun International Ltd.
- Fotona Inc.
- Lutronic
- Sciton Inc.
- Sisram Medical Ltd.
- Energist Ltd.
Key Development
In February 2023, Candela introduced the Profound Matrix System, a multi-application system that includes the Sublime, Sublative RF, and brand-new Matrix Pro applicators. Its goal is to preserve, repair, and rejuvenate skin at different phases of the aging process.
In April 2022, Cutera Inc. and Synchrony announced a collaboration to give dermatological practitioners nationwide access to more patient financing choices.
Scope of the Report
Global Aesthetic Lasers And Energy Devices Market, by Product Type
- Laser Resurfacing Devices
- Body Contouring Devices
- Aesthetic Ophthalmology Device
- Others
Global Aesthetic Lasers And Energy Devices Market, by Technology
- Laser-Based Technology
- Light-Based Technology
- Energy-Based Technology
Global Aesthetic Lasers And Energy Devices Market, by Application
- Hair Removal
- Scar Removal and Skin Resurfacing
- Skin Rejuvenation
- Skin Tightening
- Body Shaping & Skin Tightening
- Others
Global Aesthetic Lasers And Energy Devices Market, by End User
- Multi-Specialty Centers
- Standalone Centers
- Dermatology Clinics
- Ambulatory Surgery Centers (ASCs)
- Cosmetic Surgery Centers & Clinics
Global Aesthetic Lasers And Energy Devices Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Nordic
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Indonesia
- Austalia
- Malaysia
- India
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of Middle East & Africa
| Parameters | Indicators |
|---|---|
| Market Size | 2033: $15.65 Billion |
| CAGR | 9.45% CAGR (2023-2033) |
| Base year | 2022 |
| Forecast Period | 2023-2033 |
| Historical Data | 2021 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Segmentations | Product Type, Technology, Application, End User |
| Geographies Covered | North America, Europe, Asia-Pacific, Latin America, Middle East, Africa |
| Key Vendors | Allergan Plc., Bausch Health Companies Inc., Cutera BioSpace. Cynosure Inc., Fosun International Ltd., Fotona Inc., Lutronic, Sciton Inc., Sisram Medical Ltd. And Energist Ltd |
| Key Market Opportunities | • Growing Demand in Emerging Markets • Sustainable and Eco-Friendly Products |
| Key Market Drivers | • Rising Demand for Non-Invasive and Minimally Invasive Procedures • Technological Innovations |
REPORT CONTENT BRIEF:
- High-level analysis of the current and future Aesthetic Lasers And Energy Devices Market trends and opportunities
- Detailed analysis of current market drivers, restraining factors, and opportunities in the future
- Aesthetic Lasers And Energy Devices Market historical market size for the year 2021, and forecast from 2023 to 2033
- Aesthetic Lasers And Energy Devices Market share analysis at each product level
- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
- To identify and understand the various factors involved in the global Aesthetic Lasers And Energy Devices Market affected by the pandemic
- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.
