Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.41 Billion | USD 8.73 Billion | 11.0% | 2023 |
The global Aesthetic/Cosmetic Lasers market size accrued earnings worth approximately USD 3.41 Billion in 2023 and is predicted to gain revenue of about USD 8.73 Billion by 2032, is set to record a CAGR of nearly 11.0% over the period from 2024 to 2032.
The demand for laser treatments is increasing rapidly owing to the aging baby boomers and the growing income of the consumers that help them to spend on cosmetic surgeries. The factors that help the market to grow are the growing adoption of non-invasive procedures, the rising cases of skin damage, rising medical tourism, changing lifestyles, and reduction in procedural costs. In recent times, people are more conscious about their beauty and health and hence are ready to spend money to maintain it.
The aesthetic/cosmetic lasers market is growing on a large scale and is going to continue this trend in the coming years. The laser hair removal segment dominates the aesthetic/cosmetic lasers market in terms of the volume of the procedure. The growing beauty consciousness and aesthetic concepts are the main factors that are driving the growth of the market. Traditional hair removal techniques are not feasible and are time-consuming, thus consumers are turning towards laser hair removal treatment which is a permanent solution. The laser hair removal treatment is also cost-effective as compared to other cosmetic surgeries, thus contributing to market growth. The skin tightening procedure is popular among consumers of the age group 35 to 50 years. The benefits such as the non-invasive nature, quick results, and shorter recovery time make it a better option than dermal implants and fillers. The factors such as development in laser technology, high disposable income, high adoption of aesthetic procedures, and increased consciousness both among men and women regarding their beauty are driving the market growth.
Report Attributes | Report Details |
---|---|
Report Name | Aesthetic/Cosmetic Lasers Market |
Market Size in 2023 | USD 3.41 Billion |
Market Forecast in 2032 | USD 8.73 Billion |
Growth Rate | CAGR of 11.0% |
Number of Pages | 207 |
Key Companies Covered | Alma Lasers, Ltd., Cynosure, Inc., Lumenis Ltd., SharpLight Technologies, Solta Medical, Aerolase, Cutera, Inc., and El.En. SpA, Sciton, Inc., and Syneron Medical Inc. |
Segments Covered | By Type, By Application, By End-user, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The aesthetic/cosmetic lasers market is globally segmented into its application, type, end-user, and regions.
On the basis of the type, the global aesthetic/cosmetic lasers market is segregated into standalone laser devices and multiplatform laser devices. The standalone laser devices segment is further sub-segmented into carbon dioxide lasers, diode lasers, Nd: YAG lasers, erbium YAG lasers, pulsed dye lasers, alexandrite lasers, and other devices such as argon, erbium, krypton, ruby glass lasers.
Based on the different applications, the global aesthetic/cosmetic lasers market is categorized into pigmented lesions and tattoos, skin rejuvenation, vascular lesions, acne and scars, hair removal, leg veins, and varicose veins, and other applications such as gynecological conditions and onychomycosis.
On the basis of the end-user, the global market is segmented into hospitals, medical spas, and private clinics.
The aesthetic/cosmetic lasers market is diversified into regions such as Europe, Asia Pacific, North America, and the Rest of the World.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type
By Application
North America dominates the aesthetic/cosmetic lasers market owing to the consciousness among the aged population and increasing technological developments. Due to the absence of professional training for aesthetic procedures, the organizations are initiating their own training using their own products, thus driving market growth. Asia Pacific region is also having a large share in the aesthetic/cosmetic lasers market. The factors such as the aging population, disposable incomes, and low procedural costs are driving the market growth. There is also a rise in incidents such as acid attacks and burn injuries, making people opt for aesthetic procedures. The countries such as Brazil, India, Mexico, and China have increased in demand for laser-assisted lipoplasty due to the rise in fats in areas such as thighs, and stomach areas due to pregnancy and obesity.
Some of the key market players in the aesthetic/cosmetic lasers market include
FrequentlyAsked Questions
The aesthetic/cosmetic lasers market is growing on a large scale and is going to continue this trend in the coming years. The laser hair removal segment dominates the aesthetic/cosmetic lasers market in terms of the volume of the procedure. The growing beauty consciousness and aesthetic concepts are the main factors that are driving the growth of the market.
Global Aesthetic/Cosmetic Lasers market size earned around $3.41 Bn in 2023 and is expected to reach $8.73 Bn by 2032, with a projected CAGR of 11.0%.
North America dominates the aesthetic/cosmetic lasers market owing to the consciousness among the aged population and the increasing technological developments. Due to the absence of professional training for the aesthetic procedures, the organizations are initiating their own training using their own products thus driving the market growth.
Some of the key market players in the aesthetic/cosmetic lasers market include Alma Lasers, Ltd., Cynosure, Inc., Lumenis Ltd., SharpLight Technologies, Solta Medical, Aerolase, Cutera, Inc., El.En. SpA, Sciton, Inc., and Syneron Medical Inc.
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