Global Cosmetic Laser Market

Global Cosmetic Laser Market Size, Share, Growth Analysis, By Type(Ablative, Non-Ablative), By Application(Hair Removal, Skin Resurfacing), By End User(Hospitals, Skin Care Clinics) - Industry Forecast 2022-2028


Report ID: SQSG35A2051 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 93 | Figures: 71

Global Cosmetic Laser Market Insights

Global Cosmetic Laser Market was valued at USD 2.31 billion in 2021, and it is expected to reach a value of USD 6.81 billion by 2028, at a CAGR of more than 16.70% over the forecast period (2022-2028).

The demand for laser is expected to grow rapidly due to the ageing of baby boomers and the prevalence of surplus income among the middle class to spend on cosmetic surgeries. The growing popularity of radiofrequency-based treatments is also driving the cosmetic laser market. Picoway, LaseMD, FraxPro, and Pixel CO2 radiofrequency-based devices are gaining popularity because they are non-invasive and effective in treating a wide range of skin conditions. The PicoWay laser platform from Candela Medical has a high peak power and ultra-short pulse durations for a photoacoustic effect. The platform is used to remove tattoos, rejuvenate and tone the skin, and treat pigmented lesions.

In recent years, there has been an increase in the demand for minimally invasive treatments. When compared to invasive surgeries, such surgeries have advantages such as smaller incisions, faster wound healing, less pain, fewer surgical wounds, and a lower risk of complications. Furthermore, the efficacy and outcomes of currently available minimally invasive surgeries are comparable to conventional surgical treatments. According to the International Society of Aesthetic Plastic Surgery, approximately 1,837,052 hair removal procedures will be performed globally in 2020.

Market snapshot

Global Market Size

USD 2.31 billion

Largest Segment

Non-Ablative

Fastest Growth

Ablative

Growth Rate

more than 16.70% CAGR

Global Cosmetic Laser Market, 2021-2028($ Bn)
Country Share for North America Region- 2021 (%)
Global Cosmetic Laser Market Size By Type , 2021-2028 ($ Bn)
Global Cosmetic Laser Market Size By Type, 2021-2028 (%)

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Global Cosmetic Laser Market Segmental Analysis

The global cosmetic laser market is segmented based on the type, application, end user and region. Based on the type, it is bifurcated into ablative, and non-ablative. Based on application, it is segmented into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring, and others. Based on end user, it is segmented into hospitals, skin care clinics, and cosmetic surgical centers. Based on region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Type

The global cosmetic laser market is bifurcated based on type into ablative, and non-ablative. The non-ablative segment is anticipated to hold the largest share in the global cosmetic laser market, since these devices necessitate small incisions on the skin's surface through which a cannula is inserted Through the cannula, laser energy is delivered to the target tissues, resulting in adipocyte coagulation and destruction. Furthermore, laser-assisted devices currently available include Smartlipo by Hologic, Inc., ProLipo PLUS by Sciton, Inc., and others.

Analysis by End User

The global cosmetic laser market is segmented based on end user into hospitals, skin care clinics, and cosmetic surgical centers. cosmetic surgical centers segment is anticipated to hold the largest share in the market. This is due to an increase in individual awareness of self-grooming and getting their bodies in shape. Furthermore, the global rise in obesity contributes to the expansion of the cosmetic laser market. Body contouring devices are also used to tighten loose skin or remove unwanted fat from various parts of the body, including the waist, abdomen, and upper torso. These devices use a variety of mechanisms, including radiofrequency, cry lipolysis, and high-intensity focused ultrasound (HIFU).

Global Cosmetic Laser Market By Type, 2021(%)

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Global Cosmetic Laser Market Regional Insights

The global cosmetic laser market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. A growing number of surgeons in the region, rising consumer spending power, and an increase in research activities in the domain are a few other factors driving market growth in North America. Furthermore, rising adoption of modern technologies and increased efforts to promote non-invasive cosmetic treatments are expected to have an impact on the region's market growth. Moreover, the presence of major key players in this region such as Hologic, Inc., Bausch Health Companies Inc., and Cutera, Inc. It is constantly growing in North America, owing primarily to an increase in the obese population. According to ProCon.org in the United States, the percentage of obese adult population was 36.2%, 29.4% in Canada, and 28.9% in Mexico. Obesity is expected to be especially high in the United States and Mexico, according to the Organization for Economic Cooperation and Development. Furthermore, the easy availability of cosmetic laser, a larger target population, and favourable reimbursement in the healthcare system are expected to fuel the market's growth. The Asia-Pacific cosmetic laser market is expected to grow significantly during the forecast period. This is due to an increase in cosmetic laser promotional activities in this region, which is expected to drive the cosmetic laser market in emerging Asia-Pacific countries.

Global Cosmetic Laser Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Cosmetic Laser Market Dynamics

Driver

Technologically Advanced and Procedure-Specific Cosmetic Laser Systems

  • The introduction of technologically advanced and procedure-specific cosmetic laser systems is primarily attracting females to undergo aesthetic procedures such as acne reduction, hair removal, and so on. Rising demand for procedure-specific laser treatments is influencing key market players to launch novel energy-based cosmetic laser systems in the market, driving the growth of the cosmetic laser market during the forecast period. One of the factors influencing people to seek out minimally invasive cosmetic laser procedures such as hair removal, acne reduction, skin tightening, and others is the increasing value placed on physical appearance. This factor is expected to increase the demand for cosmetic laser, boosting market growth.

Increasing Obesity and the Prevalence of Skin Conditions to Drive Market Growth

  • People in developed and developing countries are becoming more obese as a result of sedentary lifestyles, prompting them to seek body restructuring or reshaping treatments. Laser' minimally invasive and quick action is enticing patients to undergo a variety of cosmetic procedures. This is one of the major factors that will likely drive demand for cosmetic laser. One of the reasons for the increased use of cosmetic laser for treatment is the rising prevalence of skin disease or skin conditions such as rosacea and others. As a result, the demand for minimally invasive energy-based cosmetic laser is increasing.

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Global Cosmetic Laser Market Competitive Landscape

The cosmetic laser market is competitive market. The market is being driven by the introduction of advanced light-based technologies such as infrared, radiofrequency, intense pulsed light (IPL), and light-emitting diode (LED). Primary factors influencing competitiveness include the rapid adoption of advanced devices for better treatment and technological advancements. Furthermore, major players frequently engage in mergers and acquisitions in order to retain market share and diversify product portfolios. As an example, Alma Laser announced the release of ClearSkin PRO, a non-ablative erbium applicator used in skin remodelling and resurfacing, in January 2020. Leading manufacturers are also introducing hand-held, over-the-counter (OTC) cosmetic laser and light devices for home use, which is boosting the market outlook.

Top Player's Company Profiles

  • Aerolase Corp (US)
  • Alma Laser, (Israel)
  • Cutera, (US)
  • Cynosure, (US)
  • El.En. SpA (Italy)
  • Lumenis Be Ltd. (Israel)
  • Sciton, (US)
  • AMI INDUSTRIES, INC. (US)
  • Canon Medical Systems Corporation (Japan)
  • Chison Medical Technologies Co., Ltd., (China)
  • SharpLight Technologies Inc., (Canada)
  • Aerolase (US)
  • Bausch & Lomb Incorporated (Canada)
  • Candela Medical (US)
  • Bausch Health Companies Inc., (Canada)

Recent Developments

  • In June 2021, Sciton Inc. announced the launch of mJOULE, the company's latest dual-wavelength platform, in the United Kingdom. This platform incorporates BBL HERO and MOXI technologies, which were developed in response to a changing market demand for less time-consuming treatments with greater impact.
  • In June 2021, The Clear + Brilliant Touch laser, which offers patients of all ages and skin types the benefits of two wavelengths for a more tailored and thorough treatment procedure, has been launched in the United States by Bausch Health Companies Inc. and Solta Medical.

Global Cosmetic Laser Key Market Trends

  • One of the major factors driving the growth of the cosmetic laser market is an increase in the number of skin problems. Expansion in the cosmetic industry and increased population awareness about physical appearance are two factors that are expected to drive demand for procedure-specific cosmetic laser. The number of people undergoing minimally invasive cosmetic procedures is expected to rise as a result of this. One of the primary factors driving the demand for cosmetic laser in specialty clinics is this.

Global Cosmetic Laser Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global cosmetic laser market analysis, rising medical tourism and an increase in the number of minimally invasive aesthetic surgical procedures are attributed to Asia Pacific market growth. This, along with Asia Pacific's growing geriatric population and comparatively lower cost of aesthetic procedures, are two of the major factors driving cosmetic procedures in the region and, as a result, propelling the growth of Asia Pacific aesthetic lasers. The geographic presence of key market players in the region, as well as its established business, drives the use of cosmetic lasers in the region, thereby contributing to the growth of the cosmetic laser market.

Report Metric Details
Market size value in 2021 USD 2.31 billion
Market size value in 2028 USD 6.81 billion
Growth Rate more than 16.70%
Base year 2021
Forecast period 2022-2028
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Ablative, Non-Ablative
  • Application
    • Hair Removal, Skin Resurfacing, Vascular Lesions, Scar, Acne Removal, Body Contouring, Others
  • End User
    • Hospitals, Skin Care Clinics, Cosmetic Surgical Centers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Aerolase Corp (US)
  • Alma Laser, (Israel)
  • Cutera, (US)
  • Cynosure, (US)
  • El.En. SpA (Italy)
  • Lumenis Be Ltd. (Israel)
  • Sciton, (US)
  • AMI INDUSTRIES, INC. (US)
  • Canon Medical Systems Corporation (Japan)
  • Chison Medical Technologies Co., Ltd., (China)
  • SharpLight Technologies Inc., (Canada)
  • Aerolase (US)
  • Bausch & Lomb Incorporated (Canada)
  • Candela Medical (US)
  • Bausch Health Companies Inc., (Canada)
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Cosmetic Laser Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Cosmetic Laser Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Cosmetic Laser Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cosmetic Laser Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cosmetic Laser Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Cosmetic Laser Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Cosmetic Laser Market was valued at USD 2.31 billion in 2021, and it is expected to reach a value of USD 6.81 billion by 2028, at a CAGR of more than 16.70% over the forecast period (2022-2028).

The cosmetic laser market is competitive market. The market is being driven by the introduction of advanced light-based technologies such as infrared, radiofrequency, intense pulsed light (IPL), and light-emitting diode (LED). Primary factors influencing competitiveness include the rapid adoption of advanced devices for better treatment and technological advancements. Furthermore, major players frequently engage in mergers and acquisitions in order to retain market share and diversify product portfolios. As an example, Alma Laser announced the release of ClearSkin PRO, a non-ablative erbium applicator used in skin remodelling and resurfacing, in January 2020. Leading manufacturers are also introducing hand-held, over-the-counter (OTC) cosmetic laser and light devices for home use, which is boosting the market outlook. 'Aerolase Corp (US)', 'Alma Laser, (Israel)', 'Cutera, (US)', 'Cynosure, (US)', 'El.En. SpA (Italy)', 'Lumenis Be Ltd. (Israel)', 'Sciton, (US)', 'AMI INDUSTRIES, INC. (US)', 'Canon Medical Systems Corporation (Japan)', 'Chison Medical Technologies Co., Ltd., (China)', 'SharpLight Technologies Inc., (Canada)', 'Aerolase (US)', 'Bausch & Lomb Incorporated (Canada)', 'Candela Medical (US)', 'Bausch Health Companies Inc., (Canada)'

The introduction of technologically advanced and procedure-specific cosmetic laser systems is primarily attracting females to undergo aesthetic procedures such as acne reduction, hair removal, and so on. Rising demand for procedure-specific laser treatments is influencing key market players to launch novel energy-based cosmetic laser systems in the market, driving the growth of the cosmetic laser market during the forecast period. One of the factors influencing people to seek out minimally invasive cosmetic laser procedures such as hair removal, acne reduction, skin tightening, and others is the increasing value placed on physical appearance. This factor is expected to increase the demand for cosmetic laser, boosting market growth.

One of the major factors driving the growth of the cosmetic laser market is an increase in the number of skin problems. Expansion in the cosmetic industry and increased population awareness about physical appearance are two factors that are expected to drive demand for procedure-specific cosmetic laser. The number of people undergoing minimally invasive cosmetic procedures is expected to rise as a result of this. One of the primary factors driving the demand for cosmetic laser in specialty clinics is this.

The global cosmetic laser market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America region is expected to account for the largest market. A growing number of surgeons in the region, rising consumer spending power, and an increase in research activities in the domain are a few other factors driving market growth in North America. Furthermore, rising adoption of modern technologies and increased efforts to promote non-invasive cosmetic treatments are expected to have an impact on the region's market growth. Moreover, the presence of major key players in this region such as Hologic, Inc., Bausch Health Companies Inc., and Cutera, Inc. It is constantly growing in North America, owing primarily to an increase in the obese population. According to ProCon.org in the United States, the percentage of obese adult population was 36.2%, 29.4% in Canada, and 28.9% in Mexico. Obesity is expected to be especially high in the United States and Mexico, according to the Organization for Economic Cooperation and Development. Furthermore, the easy availability of cosmetic laser, a larger target population, and favourable reimbursement in the healthcare system are expected to fuel the market's growth. The Asia-Pacific cosmetic laser market is expected to grow significantly during the forecast period. This is due to an increase in cosmetic laser promotional activities in this region, which is expected to drive the cosmetic laser market in emerging Asia-Pacific countries.

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Global Cosmetic Laser Market

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