Aesthetic Lasers and Energy Devices Market Size Worth US$ 8.8 billion by 2030 at 10% CAGR, COVID-19 Impact, and Global Analysis by Growth Plus Reports

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Oct 06, 2022, 09:00 ET

NEW YORK, Oct 06, 2022 /PRNewswire/ -- According to the latest report published by Growth Plus Reports, the global Aesthetic Lasers And Energy Devices Market is expected to clock US$ 8.8 billion by 2030 and to grow at a CAGR of 10% during the forecast period. Owing to technological advancements, increased R&D activities, and high demand for non-invasive aesthetic procedures. This exclusive information is published by Growth Plus Reports in its report titled "Aesthetic Lasers and Energy Devices Market – Global Outlook & Forecast 2022-2030"

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Market Driver

The global market for aesthetic lasers and energy devices is anticipated to have profitable expansion owing to technical advancements, including the launch of portable pen-shaped devices. Manufacturers are investing significantly in R&D to produce technologically advanced products that are simple to use, affordable, and functional. Over the course of the projection period, these factors are anticipated to fuel market expansion. Additionally, due to the increased incidence of obesity globally, the need for minimally invasive procedures and the shift in patient preferences from hospital care to at-home care are other prime factors for market growth.

Excerpts from 'By Technology Segmentation'

Based on technology, the global aesthetic lasers and energy devices market has been segmented into:

Laser-Based
Light-Based
Energy-Based Technology

The light-based technology market is further categorized into dynamic pulse control and intense pulsed light technology. The energy-based technology is also sub-segmented into UV technology, infrared technology, radiofrequency technology, low temperature-based technology, and suction-based technology. The energy-based technology segment dominated the market for aesthetic lasers and energy devices. This market is anticipated to rise rapidly due to the extensive use of these products for skin treatments all over the globe. Additionally, the global demand for and manufacture of these devices is being strengthened by the aging population and the growing occurrence of issues brought on by excessive sun exposure, including photoaging.

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Excerpts from 'By Region Segmentation'

Based on region, the global aesthetic lasers and energy devices market has been segmented into:

North America
Europe
Asia Pacific
Rest of the World

The global aesthetic lasers and energy devices market is dominated by North America. Growth is attributable to the high adoption of minimally invasive equipment, the presence of significant market participants, and the rising number of cosmetic laser operations in the region. According to a survey conducted by the International Society of Aesthetic Plastic Surgery, there was a 7.4% increase in the total number of aesthetic or cosmetic procedures from 2019 to 2020. The report estimates that in 2020, 4.67 million cosmetic procedures will be performed in the US. 3.18 million were minimally invasive treatments, while 1.49 million involved cosmetic surgery.

Moreover, in the United States in 2020, there were 6.8 million reconstructive surgeries and 15.6 million cosmetic procedures, according to the American Society of Plastic Surgeons' 2020 Plastic Surgery Statistics Report. Furthermore, industry players are concentrating on developing and launching new products to increase their regional market share due to the rising demand. For instance, In April 2021, Alma Lasers unveiled Alma PrimeX, the leading non-invasive platform for body contouring and skin tightening. Similarly, in July 2019, two new products from Cynosure, the TempSure Firm handpiece and a small mask for SculpSure submental treatments have been launched on the market. The most recent addition to the TempSure platform is the TempSure Firm handpiece. It softly heats tissue by delivering monopolar radiofrequency radiation through special massage heads.

Excerpts from 'Competitive Landscape'

The market for energy and aesthetic lasers is highly competitive. Some of the prominent market players in the global aesthetic lasers and energy devices market include:

Mentor Corporation
Alma Lasers
Solta Medical, Inc
Lumenis Ltd
Palomar Medical Technologies
Cynosure Inc
Photomedex Inc
Candela Medical
Syneron Medical, Ltd
Medicis Pharmaceuticals Corporation
Zeltiq Aesthetics
Lutronic, Inc
Chromognex Technologies Ltd
Cutera Palomar Medical Technologies
Ultrashape Ltd
Allergan, Inc
Sciton, Inc
IRIDEX Corp

Frequent product approvals are often observed in this industry. Acne treatment company Accure Acne, Inc. has received European CE certification for its ground-breaking Accure Laser system: the only light-based platform ever established that can directly target and destroy sebaceous glands, the main source of sebum production and the key to long-lasting acne treatment.

VALUE PROPOSITIONS RELATED TO THE REPORT:

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Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Winning imperatives
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

Distributor Landscape Assessment
Pricing Intelligence
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players

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