Aesthetic/Cosmetic Lasers Market Size to Surpass USD 1,400.0 million by 2029
Global Aesthetic Cosmetic Lasers Market was valued at USD 536.46 million in 2021 and is expected to reach USD 1,400.0 million by 2029, registering a CAGR of 11.3% during the forecast period of 2022–2029. The “multiplatform lasers” accounts for the largest type segment in the aesthetic cosmetic lasers market within the forecasted period owing to the scalable and upgradeable hybrid systems, the flexibility and versatility of several standalone systems in a single package. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Growing Aesthetic Procedures
The growth in various procedures such as the tattoo removal, skin rejuvenation, hair removal, wrinkles, acne and scar removal, among others are the most significant factor driving the growth for this market. Surge in awareness regarding the physical appearance, which inclines population towards these cosmetic procedures are also expected to accelerate the overall growth of the market.
Growing Investments and Advancements
Moreover, the various technical advancement in the field of aesthetic/cosmetic lasers and rise in the medicinal tourism are estimated to generate lucrative opportunities for the market. Increase in the research and development activities in the market and rise in the technological advancements will further expand the aesthetic cosmetic lasers market’s growth rate in the future.
Furthermore, the expanding healthcare sector, soaring demand for non-invasive aesthetic treatments along with the modernization in the healthcare techniques are also expected to fuel market growth. Surging awareness regarding benefits of laser procedures, increase in the healthcare expenditure and rise in the demand from emerging economies are also projected to cushion the growth of the market.
On the other hand, the rise in the strict safety guidelines for aesthetic procedures and safety regulations for aesthetic devices is expected to obstruct market growth.
Also, the communal disgrace related with cosmetic treatments and the high cost of the aesthetic or cosmetic treatment are projected to challenge the aesthetic cosmetic lasers market in the forecast period of 2022–2029.
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In June 2021, Bausch Health Companies Inc., and Solta Medical announced the United State launch of the Clear + Brilliant Touch laser. , The company’s next-generation Clear + Brilliant laser, which offers patients of all ages and skin types the benefits of two wavelengths for a more tailored and thorough treatment procedure.
In January 2020, Lumenis Ltd., the world’s largest energy-based medical device company for aesthetic, surgical and ophthalmic applications, announces the launch of its newest platform, the LightSheer Quattro. LightSheer Quattro is the newest member of Lumenis’ premium LightSheer family, which provides scientifically proven laser hair removal treatments for all skin types with minimal downtime using either 805nm or 1060nm wavelengths, as well as treatment of pigmented and vascular lesions. By combining High Speed Vacuum aided technology with ChillTipTM Integrated Contact cooling technology, practitioners may achieve great clinical results while delivering patients with pleasant, effective, rapid, and safe treatments. The upgradeable LightSheer Quattro system is a terrific addition to any MedSpa or Medical Office, whether seasoned or just getting started in the business.
Key Market Competitors Covered in the report
Bausch & Lomb Incorporated
SharpLight Technologies Inc
CANON MEDICAL SYSTEMS CORPORATION
Mindray DS USA, Inc.
Cosmeditech Innovations Ltd
Medicure Group Of Companies
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