Aesthetic Laser and Energy Devices Market Global Trends, Market Share, Industry Size, Growth

The global aesthetic laser and energy devices market are forecasted to value over USD 6.99 billion by 2026 end and surpass the CAGR of over 9.5% during the forecast period 2019-2026.

The increasing global prevalence of obesity coupled with the growing preference of minimally invasive procedures is driving the global aesthetic laser and energy devices market growth. The increasing shift of patients towards home care is expected to inflate the aesthetic laser and energy devices market size. Manufacturers are investing heavily in research and development activities to deliver technologically advanced devices with higher functionality and lower cost. These factors are expected to stimulate the market over the forecast period. The increasing cases of removal of wrinkles and unwanted skin are expected to propel the growth of the market.

The market is bifurcated into by product, by end-user, by application, and by region. Based on product, body contouring device holds a major aesthetic laser and energy devices market share. Body contouring device offers multiple advantages such as body shaping and fat removal.

On the basis of end-user, hospitals account for the largest share of the market. Hospitals offer the latest and advanced tools, thus propelling the market growth.

In terms of application, scar removal/skin resurfacing is expected to dominate the growth of the market. The rise in sports injuries and accidents are resulting in more demand for scar removal/skin resurfacing hence resulting in inflation of aesthetic laser and energy devices market share.

On the basis of region, North America holds the majority share of the market. An increase in healthcare expenditure alongside rapid technological advancements in aesthetic laser and energy devices is expected to boost the presence of the market in the region. Favorable approval regulations alongside increasing disposable income are expected to increase the aesthetic laser and energy devices market share. Europe is also expected to show notable growth owing to the increase of geriatric population.

Asia-Pacific region is also seen as a lucrative region owing to rising awareness among patients alongside increasing healthcare expenditure by governments. Regions like China and India present untapped opportunities for manufacturers thus accelerating the growth of the market in the region.

Prominent players of the market are Solta Medica, Inc, Photomedex Inc., Chromognex Technologies Ltd, Allegran, Ultrashape Ltd, Cutera Palomar Medical Technologies, Cynosure Inc, Lumeniis Ltd, Medicis Phramaceuticals Corporation, Merz Pharma Holigicm Inc, Valeant Pharmaceuticals International, Inc and Zeltiq Aesthetics.

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Competitive Landscape:

• Allegran, in a bid to expand its neurotoxin pipeline, acquired aesthetic medicine and medical dermatology company Anterios
• Lumenis, in 2018 launched a new laser hair removal solution SPLENDOR X
• Syneron Candela received FDA approval for its new product Pico Way

Global Aesthetic Laser and Energy Devices Market Segmentation:

By Product

• Laser Resurfacing Devices
• Body Contouring Devices
• Others

By End-User

• Hospitals
• Dermatology Clinics
• Cosmetic Centers
• Others

By Application

• Hair Removal
• Scar Removal/Skin Resurfacing
• Skin Rejuvenation
• Skin Tightening
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World

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FutureWise Key Takeaways:

• Growth Prospects
• SWOT Analysis
• Key Trends
• Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global aesthetic laser and energy devices market by product, by application, by end-user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• Evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and the rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

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