The aesthetic lasers market was valued at approximately US$ 2,895.17 million in 2022 and is projected to grow to around US$ 7,341.84 million by 2030, reflecting a compound annual growth rate (CAGR) of 12.3% from 2022 to 2030. This growth is largely attributed to the rising popularity of noninvasive aesthetic treatments, the increasing incidence of skin disorders, and heightened awareness regarding beauty devices.
Opportunities for Growth through New Product Launches and Approvals in the Aesthetic Lasers Market
As healthcare facilities evolve in response to the growing prevalence of chronic conditions and the rising demand for aesthetic procedures, there has been a significant increase in the need for treatments focused on skin rejuvenation, anti-aging, body contouring, and fat removal. This surge in aesthetic procedures has spurred research and development activities, leading to innovations, new product introductions, and regulatory approvals. The aesthetic lasers sector has witnessed several notable product launches and approvals recently:
In March 2023, Sentient introduced two advanced non-laser aesthetic devices, Sculpt and Tixel. This launch expanded the range of noninvasive and non-laser treatment options, providing safe and effective solutions for popular aesthetic concerns.
Also in March 2023, Doctors Aesthetics Centre (DAC), a leading Indian entity in aesthetics and skincare, unveiled the Picocare 250 Majesty, recognized as the world?s first 250 Picosecond Nd: YAG laser in South India. Manufactured by Wontech in South Korea and approved by the USA FDA, this device aims to transform skin laser care and aesthetics in India, helping to reveal a youthful glow obscured by aging and skin issues.
In April 2022, Lumibird Group, the parent company of Quantel Medical, launched the Capsulo Nd:YAG laser, designed as a fully integrated and versatile laser platform for efficient capsulotomy and iridotomy procedures.
Additionally, in April 2022, Cosmeditech introduced a new line of cosmetic and aesthetic technologies from TermoSalud Medical & Aesthetic, featuring products such as the Eneka PRO Diode Laser, Symmed Elite for face and body contouring, and Zionic Rollactive RF Body Massage.
Acclaro Corporation also made strides in April 2022 by launching UltraClear, a laser technology system in the US. This system utilizes cold fiber laser technology to address various skin conditions, including scars, fine lines, pigmentation, wrinkles, enlarged pores, and other complexion-related issues.
Consequently, the increase in product launches, advancements, and strategic partnerships among industry players is expected to create significant growth opportunities for the aesthetic lasers market in the forthcoming years.
Insights Based on Type
The aesthetic lasers market is categorized by type into ablative and non-ablative lasers. The ablative segment includes carbon dioxide lasers and erbium lasers, while the non-ablative segment encompasses Nd:YAG lasers, alexandrite lasers, intense pulsed light (IPL), flash pulsed dye lasers, and others. In 2022, the non-ablative lasers segment held a larger market share and is anticipated to achieve a higher CAGR of 12.6% during the forecast period.
Insights Based on Application
By application, the aesthetic lasers market is divided into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. The facial and skin tightening segment dominated the market share in 2022, while the hair removal segment is expected to experience the highest CAGR of 13.0% throughout the forecast period.
Insights Based on End User
The market is segmented by end user into dermatology clinics, beauty and wellness centers, medical spas, and others. In 2022, dermatology clinics held the largest market share and are projected to register the highest CAGR of 12.7% during the forecast period.
Key primary and secondary sources utilized in the preparation of the report on the aesthetic lasers market include the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), Aesthetic Society Report, International Society of Aesthetic Plastic Surgery (ISAPS), National Institute of Health, International Electrotechnical Commission (IEC), American Medical Spa Association (AmSpa), British Association of Aesthetic Plastic Surgeons (BAAPS), and the Aesthetic and Anti-Aging Society of South Africa (AAMSSA).