Cosmetic Lasers Market

Introduction

A cosmetic laser is a non-invasive therapy used for skin treatment. The cosmetic laser treatment is an aesthetic procedure usually used for skin rectification, and treat the skin irregularities such as acne scars or blemishes, also used to treat the skin damage and skin cancer (melanoma skin cancer).

According to WHO, the International Agency of Research on Cancer report, in 2020 around 3,24,635 new melanoma skin cancer cases were estimated worldwide.

Due to the rising prevalence rate of COVID 19 infection cases, the governments announced the countrywide lockdowns. During lockdowns, the patients are avoiding to avail the nonessential facilities due to movement constraints.

The economic downturn and reduced discretionary spending discourage customers to undergo expensive cosmetic treatments. Thus, the reduction in the elective surgeries and demand for the ablative cosmetic treatments expects to hamper the cosmetic lasers market.

Significant increase in preference for non-invasive treatment and technical advancement in laser technologies have fueled the cosmetic lasers market growth. Also, surge in adoption for non-aesthetic procedures, increasing cases of skin damages, reduced procedural expenses are some of the factors propelling the cosmetic lasers market growth.

Additionally, some other factors like development of laser technology, increasing ageing population with an increased focus on body appearance among men as well as women and rising medical tourism expects to boost the cosmetic lasers market during the forecast period.

Conversely, less emphasis of manufacturers on the aesthetic devices, strict safety guidelines for usage of cosmetic lasers may hamper the growth of the market. Additionally, sale of counterfeit products and lack of reimbursement are the restraining factors anticipated to hamper the growth of cosmetic lasers market.

Globally the cosmetic lasers market is segmented based on its product type, modality, application, end-users, and region.

Based on product the cosmetic lasers market is segmented as:

• Ablative
• Non-ablative

Based on modality the cosmetic lasers market is segmented as:

• Stand alone
  • Pulsed Dye Laser (PDL)
  • Er: YAG (Erbium YAG) laser
  • Carbon Dioxide Laser (CO2)
  • Erbium, Intense Pulsed Light (IPL)
  • Radiofrequency
  • Infrared
  • Alexandrite lasers
  • Others
• Multiplatform

Based on the application, the cosmetic lasers market is segmented as:

• Hair removal,
• Skin Rejuvenation
• Scar and Acne
• Pigmented Lesions & Tattoo Removal
• Body Contouring
• Others

Based on end-users, the cosmetic lasers market is segmented as:

• Hospitals,
• Skin Care Clinics
• Cosmetic Surgical Centers

Non-ablative type of cosmetic lasers dominated the cosmetic lasers market. The non-ablative lasers tend to be more effective owing to its deep skin effect, promoting the collagen and remodelling makes them preferable option for cosmetic treatment. The standalone segmented dominated the cosmetic lasers market in terms of modality.

The standalone lasers have more advantages over multiplatform lasers such as short time treatment, ease of use, simplicity of functioning, which have significantly increased the demand for the standalone laser treatment.

Skin Rejuvenation segment expects to gain traction over the other application in the cosmetic lasers market owing to the growing adoption of aesthetic procedure, growing incidence of skin disorders, and rising awareness for personal care and look. The skincare clinics segment hold the highest share in the cosmetic lasers market owing to the rising disposable income and increasing number of clinics in the emerging countries.

North America is expected to account the largest market value share in the cosmetic lasers market owing to rising preference for an aesthetic procedure and advanced laser treatments, and growing ageing population. Europe's cosmetic lasers market is expected to gain significant traction with an increase in awareness of physical alteration.

Asia Pacific region is anticipated to witness the lucrative opportunity out-turning the cosmetic lasers treatment due to the rising incidence rate of skin damage, increasing medical tourism in the region.

Key Players

The key players contributing to the cosmetic lasers market are

• Bausch & Lomb Inc.
• Scitron Inc.
• Alma Lasers, Ltd.
• Cynosure, Inc.
• Alma lasers
• Candela Corporation
• Mindray DS USA Inc.
• Lumenis
• Medicure Group of Companies
• ALS Meditek
• El.En. S.P.a.
• Fukuda Denshi
• Sharplight Technologies Inc.
• others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, modality, applications, and end-user.

The report on Cosmetic Lasers Market covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Historical Actual Market Size, 2015 - 2019
• Market Size & Forecast 2020 to 2030
• Supply & Demand Value Chain
• Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Market Drivers and Restraints

Regional analysis for Cosmetic Lasers Market includes

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Report on Cosmetic Lasers Market Highlights:

• Shifting industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size
• Recent industry trends
• Key competition landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.