May 05, 2021
According to the research literature titled ‘GLOBAL Aesthetic Laser Market 2019-2027’, available with Market Study Report, global aesthetic laser market is projected to register a year-over-year growth rate of 11.24% during the forecast period 2019-2027.
As per the report findings, escalating demand for minimally invasive procedures in dermatology, advancements in laser technology, and booming geriatric population are driving global aesthetic laser market growth.
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Moreover, reduced recovery time post-surgery is one of the major factors encouraging patients to opt for laser procedures. Apart from this, increasing per capita income is adding considerable traction to the industry growth. However, stringent regulations regarding use of laser in medical sector and negative perception associated with cosmetic surgeries are hindering global aesthetic laser market expansion.
Based on type, the industry is fragmented into multiplatform lasers and standalone lasers. In terms of application scope, the market is fragmented into skin rejuvenation, hair removal, pigmented lesion & tatoo removal, vascular lesions, and others. The end-user segmentation of the market comprises hospitals, private clinics, medical spas, and others.
Considering the regional outlook, North America (United States, Canada), Europe (France, Italy, Spain, Germany, Russia), Middle East & Africa (Saudi Arabia, United Arab Emirates, Turkey, South Africa), Latin America (Brazil, Mexico) and Asia Pacific (India, South Korea, Japan, Australia & New Zealand, ASEAN countries) are the top contributors to the overall aesthetic laser market value.
Expert analysts cite that North America currently accounts for majority of the industry share, creditable to rapid technological advancements, aesthetics awareness among the populace, and flexible medical reimbursements.
Meanwhile, Asia Pacific aesthetic laser industry size is expanding at a fast pace owing to rising disposable income and burgeoning elderly population in the region.
Speaking of the competitive landscape, Syneron Medical Ltd., Strata Skin Sciences Inc., Viora, SharpLight Technologies Inc., Solta Medical International Inc., Sciton Inc., Lutronic Corp., Lumenis, Lynton Lasers Ltd., Cynosure, Inmode Ltd., Fortona, Alma Lasers Inc., Alltec GmbH, Cutera Inc., and Aerolase Corp. are the top contenders in the market.