Aesthetic Lasers Market Key Players: Solta Medical Inc., Lumenis, Cynosure, Inc., And Syneron Medical Ltd.
Aesthetic lasers Industry Overview
The global aesthetic laser market size was estimated at USD 969.5 million in 2021 and is expected to expand at a CAGR of 16.6% from 2022 to 2030. The demand for lasers is projected to grow rapidly due to aging baby boomers and the prevalence of surplus income with the middle class to spend on cosmetic surgeries. The outbreak of COVID-19 led many aesthetic facilities to completely halt their services and permanently cancel appointments as they were considered non-essential and high contact in nature. Surgical aesthetic treatments like aesthetic laser treatments also witnessed a setback and the number of procedures declined majorly in the first and second quarters of 2020 due to the pandemic.
The increasing popularity of radiofrequency-based treatments is also driving the aesthetic Laser market. Radiofrequency-based devices, such as Picoway, LaseMD, FraxPro, and Pixel CO2 are gaining popularity as they are completely non-invasive and also have proven effective in treating different skin conditions. PicoWay, manufactured by Candela Medical, is a picosecond laser platform delivering high peak power and ultra-short pulse durations for a photoacoustic effect. The platform is used to treat Pigmented lesions, skin rejuvenation & toning, and tattoo removal.
Gather more insights about the market drivers, restrains and growth of the Global Aesthetic lasers market
Technological advancement in the field of laser technology has resulted in greater treatment outcomes and high patient satisfaction. For instance, In March 2020, Lumenis introduced an intelligent skin innovative platform called the Stellar M22. It is a multi-application platform that is made to treat over 30 skin conditions like vascular lesions, uneven skin texture, acne, sagging skin and hair removal, etc. This device is gaining popularity among practitioners as it can safely and effectively treat different indications in different skin types, ages, and gender.
The increase in social media exposure has led to a rise in aesthetic awareness and different aesthetic treatments available in the market. This has led the global population to constantly focus on appearing young. According to the United Nations in 2019, there were 703 million people aged 65 & over in the world 2019 and the number of elderly people is projected to double to 1.5 billion by 2050. Therefore, the geriatric population, intending to minimize the signs of aging are opting for anti-aging and skin tightening laser procedures that have a high success rate, low downtime, and high patient comfort.
The demand for minimally invasive treatments has gained popularity in recent years. Such surgeries offer advantages including smaller incisions, rapid wound healing, lesser pain, fewer surgical wounds, and a lower risk of complications as compared to invasive surgeries. Moreover, the effectiveness and results of currently available minimally invasive surgeries are similar to conventional surgical treatments. In 2020, around 1,837,052 hair removal procedures were carried out globally as per the International Society of Aesthetic Plastic Surgery.
The pandemic affected the global aesthetic industry as it is a high contact service and therefore, governments in many countries mandated temporary shutdowns of aesthetic facilities. The third and fourth quarters of 2020 witnessed ease in lockdowns and many plastic surgeons and aesthetic centers started taking in appointments and consultations but with strict guidelines and limited patients per day.
However, the market is expected to recover from the effect of the pandemic, as the American Society of Plastic Surgeons stated, there is pent-up patient demand for non-invasive treatments post-pandemic. Treatments like hair removal and total facial rejuvenation treatments witnessed +76.1% and 13.9% growth in 2020 as compared to 2019 implying high adoption of aesthetic treatments globally.
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Aesthetic Lasers Market Segmentation
Grand View Research has segmented the global aesthetic lasers market on the basis of application and regions:
Aesthetic Lasers Application Outlook (Revenue, USD Million, 2018 - 2030)
- IPL Laser Treatment
- Laser Skin Resurfacing
- Noninvasive Tightening
- Laser-Assisted Lipoplasty
- Laser hair removal
Aesthetic Lasers Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- July 2020: InMode Ltd received clearance for its two proprietary InMode radiofrequency platforms (InMode RF platform and the InMode platform) from the China National Medical Products Administration NMPA.
- January 2020: Alma Lasers announced the launch of ClearSkin PRO, a non-ablative erbium applicator used in skin remodeling and skin resurfacing.
Key Companies profiled:
Key players in the global aesthetic laser market include:
- Solta Medical Inc.
- Lumenis
- Cynosure, Inc.
- STRATA Skin Sciences (formally Mela Science)
- Syneron Medical Ltd.
- Lutronic
- Cutera
- Viora
- Lynton Lasers
- Sciton, Inc
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