The growth of the Europe aesthetic medical laser systems market is attributed to key driving factors such as increase in the number of aesthetic medical laser procedures and rise in the aging population. However, the high cost of aesthetic medical laser devices may hinder the market growth.
The growth of the Europe aesthetic medical laser systems market is driven by the rising number of skin aesthetic procedures. According to the International Society of Aesthetic Plastic Surgery (ISAPS), in 2018, 854,208 aesthetic procedures were performed out of which 311,456 were surgical procedures, and 542,752 were nonsurgical procedures. Italy ranks 6th to perform aesthetic procedures by contributing 3.7%. Also, Germany is among the top countries in Europe in the field of aesthetic medicine. According to the ISAPS, the country ranks fourth to perform aesthetic procedures worldwide. It contributes 4.0% of the complete procedures across the globe. In 2018, the total number of aesthetic procedures performed in Germany was 922,056 out of which 536,150 were nonsurgical procedures, and 385,906 were cosmetic surgical procedures. Lasers are widely used in various skin resurfacing procedures such as a face lift, neck lift, and facial bone contouring. Laser resurfacing offers better results than invasive surgical procedures. Moreover, the aesthetic devices market in the UK is estimated to grow at a slower pace. According to the British Association of Aesthetic Plastic Surgeons (BAAPS), in 2018, more than 28,000 procedures were performed, which remarked a 0.1% rise from 2017. The number of procedures was higher among women; in 2017, approx. 92% of all aesthetic procedures were performed for women. The procedures of liposuction and facelifts among women were rose by 12% and 9%, respectively. Laser liposuction is a noninvasive procedure that deploys a laser to melt the fat under the skin. Thus, the increase in aesthetic medical laser procedures is driving the Europe aesthetic medical laser systems market.
The COVID–19 pandemic has shown a significant negative impact on the global as well as on European health economies. Healthcare services in Europe are highly prioritized to serve for patients affected by COVID-19. The routine healthcare services have remained suspended. Therefore, it is adversely affecting the aesthetic medical laser services and its dependable revenue generation in the region. Europe has long been within an area of dynamic development in the field of plastic surgery, adapting to differing cultures, traditions, and surgical and medical philosophies. In the recent times, these changes have been even more significant and rapid. On the other hand, the rapid spread of COVID-19 has raised the concerns regarding the safety from aesthetic treatments done by lasers and micro needling. Thus, the aesthetic services have been totally shutdown in the European countries. European countries have undergone second phase of lockdown as they have experienced second wave of the outbreak. Countries such as the UK, Belgium, Germany, Switzerland, France, Italy, and Spain are highly affected. Therefore, the lockdown has hindered the flow of businesses across the region and outside the region. Various conferences related to aesthetic industry are being conducted through webinars. Hence, it is expected that the negative impact on the market is likely to continue in the next few years.
Based on type, the Europe aesthetic medical laser systems market is bifurcated into standalone lasers and multiplatform lasers. The standalone lasers segment held a larger market share in 2019, whereas the multiplatform segment is anticipated to register a higher CAGR in the market during the forecast period.
Based on application, the Europe aesthetic medical laser systems market is segmented into hair removal, acne and scars, skin rejuvenation, pigmented lesions, leg and varicose veins, and others. The hair removal segment held the largest market share in 2019. However, the skin rejuvenation segment is anticipated to register the highest CAGR in the market during 2020–2027.
The Europe aesthetic medical laser systems market, by end user, is segmented into hospitals, clinics, medical spas, and others. The clinics segment held the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR in the market from 2020 to 2027.
A few of the primary and secondary sources referred to while preparing the report on the Europe aesthetic medical laser systems market are the British Association of Aesthetic Plastic Surgeons (BAAPS) and German Association for Aesthetic & Plastic Surgery (DGÄPC).