Aesthetic Lasers Market Size, Share & Trends Analysis Report By Application (IPL Laser Treatment, Laser Skin Resurfacing, Noninvasive Tightening, Laser-Assisted), By Region, And Segment Forecasts, 2022 - 2030

Report 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.

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.

Application Type Insights

The non-invasive tightening segment held the largest market share of 29.1% in 2021 in the aesthetic laser market. Based on application, the segment is divided into IPL laser treatment, laser skin resurfacing, non-invasive tightening, laser-assisted lipoplasty, and laser hair removal. The rising baby boomers population and the growing influence of social media have affected both the old and young respectively. The aging population opts for procedures such as skin tightening and resurfacing.

Laser skin resurfacing is expected to witness the highest CAGR of 17.5% during the forecast period. This is because laser resurfacing is currently one of the most frequently performed procedures for skin rejuvenation. Some common conditions that skin rejuvenation addresses are wrinkles, acne scars, facial pigmentation, vascular conditions, and dull skin.

The laser hair removal segment will also witness significant growth during the forecast period. According to the 2020 Plastic Surgery Statistics Report, around 757,808 laser hair removal procedures were performed across the U.S., and it was among the topmost performed non-surgical procedures. Furthermore, the availability of compact and portable systems is driving the market. In addition, the introduction of system components that can be upgraded with an advanced user interface without changing the entire unit is impelling segment growth.

Regional Insights

North America held the largest market share of 38.6% of the market in 2021. North America registered a significant share of the market in 2021 owing to the presence of a large number of skilled professionals and significant awareness among people in the region regarding the advancement in aesthetic procedures. The market is majorly driven by the introduction of advanced technologies and huge investments of industry players in research and development to improve the existing technology and make it safer and more effective.

A growing number of surgeons in the region, increasing spending power of consumers, and a growing number of research activities in the domain are a few other factors for the growth of the market in North America. In addition, increasing adoption of modern technologies and rising efforts for the promotion of non-invasive aesthetic treatments are predicted to affect the growth of the market in the region.

The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period owing to the growing opportunities in medical tourism. People with a huge awareness of aesthetic procedures are also expected to contribute to the high growth of this regional segment over the forecast period. Developing economies, such as India are witnessing high willingness and desire among the population to under aesthetic treatments. In 2020, around 70,416 facial rejuvenation procedures were carried out in India, According to the International Society of Aesthetic Plastic Surgery. Moreover, growing medical tourism in emerging countries is expected to drive the market in the region.

Key Companies & Market Share Insights

Primary parameters affecting the competitive nature include rapid adoption of advanced devices for improved treatment and technological advancements. In addition, to retain shares and diversify product portfolios, major players are frequently undertaking mergers & acquisitions. For Instance, In January 2020, Alma Lasers announced the launch of ClearSkin PRO, a non-ablative erbium applicator used in skin remodeling and skin resurfacing.

Players are also focusing on geographical expansion and regulatory approvals in growing economies, especially Asian countries which are currently witnessing high demand for aesthetic treatments. For instance, In 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. 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

Aesthetic Laser Market Report Scope

Segments Covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global aesthetic laser market report based on application and region:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • IPL Laser Treatment

  • Laser Skin Resurfacing

  • Noninvasive Tightening

  • Laser-Assisted Lipoplasty

  • Laser hair removal

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • South Africa