New York, NY -- (SBWire) -- 05/09/2019 --The growth of the market is driven by the growing adoption of non-invasive procedures, increasing occurrence of skin damage and increasing usage of oral contraceptives among female.
This report on Aesthetic Lasers Market offers a detailed analysis of the trends along with the prospective growth of the same in the forecasted period. It evaluates the pricing, demand, growth, revenue, size and gross margin of the industry. For this study, the historical data has been collected from the years 2016 and 2017, taking the year 2018 as the base year and drawing a forecast for the years 2019 to 2026. The industry has seen a stable growth recently and its demand is projected to rise rapidly in the future.
The Aesthetic Lasers Market is forecast to grow from USD 798.4 Million in 2018 to USD 1.93 Billion by 2026, at a CAGR of 10.8% during the forecast period. The market is primarily driven by increased global warming resulting in severe skin damage and sunburn, increased use of oral contraceptives among women, and phototoxic drug use.
Technology advancement has enabled needle-free procedures, thereby boosting the rate of laser treatment adoption. As a preventive measure, young people also opt for cosmetic procedures and slow down the aging process.
The major players in the market are Lumibird (France), IPG Photonics (US), Coherent (US), Lumentum (US), Epilog Laser (US), Jenoptik (US), Novanta (US), Trumpf (Germany), LaserStar (US), MKS Instruments (US) and others.
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Strict regulations are projected for cosmetic laser products to ensure increased device efficiency while treating the skin without adverse effects. In addition to the radiation safety performance standards defined by the Federal Regulations, laser device manufacturers must comply with the Federal Food, Drug, and Cosmetic Act. The increasing adoption of energy-based devices and market player's low focus on aesthetic devices restrict this market's growth.
In 2018, total cosmetic surgery expenditure was USD 13.22 Billion. There has been an increase of 43% in male participation over 5 years. This presents key companies in the market with an attractive opportunity to target men for non-operative cosmetic surgery.
Further key findings from the report suggest
- The Aesthetic Lasers Market is forecasted to grow from USD 798.4 Million in 2018 to USD 1.93 Billion by 2026, at a CAGR of 10.8% during the forecast period. The market is primarily driven by increased global warming resulting in severe skin damage and sunburn, increased use of oral contraceptives among women, and phototoxic drug use.
- The market for laser hair removal is expected to grow the largest at USD 502.3 Million in 2026, at a CAGR of 11.3% during the forecast period. Growing esthetic awareness and changing concepts of beauty are the main drivers of this segment's growth. Conventional hair removal techniques are time-consuming and in the current fast-moving lifestyle they are not feasible. Laser hair removal provides customers with a permanent solution, increasing their popularity.
- The market for private clinics is expected to grow the largest at USD 801.7 Million in 2026, at a CAGR of 11.3% during the forecast period. This is mainly attributed to increasing awareness of various esthetic procedures and their benefits, increasing patient preference for minimally invasive cosmetic surgery, increasing the number of private clinics and surgeons providing these treatments, and increasing number of aesthetic procedures globally.
- The market for North America is expected to grow the largest and reach USD 695.5 Million in 2026, at a CAGR of 11.2% during the forecast period. It is due to the early acceptance of laser technology and increased awareness of lasers and their effectiveness in the treatment of all skin types.
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Some of the key findings from our Aesthetic Lasers Market forecast report
This report gives an analysis of the historical data and trends to draw a forecast of the potential growth Aesthetic Lasers Market exhibits a potential for growth and technological advancement primarily in its uses in rubber industries and shall experience a stable growth in the next five years. The historical analysis suggest certain trends that the industry might experience and the prospects of growth during the forecasted years. This study also offers vital insights into the industry to provide the fields that are the most beneficial for investment and gives a competitive strategy that is most advantageous in the industry.
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, application, cooling mechanism, end user and regional analysis.
Type (Revenue, USD Million; 2016-2026)
- Multiplatform Laser Devices
- Standalone Laser Devices
o Alexandrite Lasers
o Carbon Dioxide (Co2) Laser
o Diode Lasers
o Er:YAG (Erbium YAG) Laser
o Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
o Pulsed Dye Lasers (PDL)
o Others
Application (Revenue, USD Million; 2016-2026)
- IPL Laser Treatment
- Laser Skin Resurfacing
- Noninvasive Tightening
- Laser-Assisted Lipoplasty
- Laser Hair Removal
End User (Revenue, USD Million; 2016-2026)
- Hospitals
- Private Surgery Centers/Clinics
- Medical Spas & Centers
- Others
Regional Outlook (Volume, Kilo Tons; 2016-2026 and Revenue, USD Million; 2016-2026)
- North America
o U.S.
- Europe
o France
o UK
- Asia Pacific
o China
o India
o Japan
- Latin America
o Brazil
- MEA
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Aesthetic Lasers Market in-Depth Analysis by Top Players: Lumibird, IPG Photonics, Coherent, Lumentum : Market Size by 2026 - USD 1.93 Billion : Market Growth - CAGR of 1
This Aesthetic Lasers Market report covers the status of import and export, supply chain management, distribution channels, production volume, production capacity, product price, profit, sale and others elements.