The global aesthetic lasers and energy devices market was valued US$ 4,681.2 million in 2019 and is estimated to reach US$ YY million by 2027, growing at a CAGR of 6.4% during the forecast period (2023-2030)
Aesthetic lasers and energy devices are instruments and consumable products, which are used for several cosmetic procedures to treat skin disorders and improve physical appearance. It involves processing the tissue using aesthetic lasers and energy devices and examining these tissues and cells under a microscope to examine morphological changes. These devices are used widely to enhance the physiology of wrinkled and ageing skin. In addition, these devices are also used in different applications including, tattoo removal, skin rejuvenation, skin tightening, vascular lesions, treatment of pigmented lesions. The global aesthetic lasers and energy devices market growth is majorly driven by continuous technological advancements and approval for new aesthetic lasers and energy devices. For instance, in June 2020, Sciton, a leading manufacturer of medical and aesthetic lasers and light source technologies, launched the biggest new products in the history of the organization.
Growing demand for non-invasive skin treatment procedures is also driving the growth of the market. With rising awareness amongst people about non-invasive surgeries with lesser side effects has increased the adoption of non-invasive aesthetic lasers and energy devices. Non-invasive skin rejuvenation treatment with lasers based, Intense Pulsed Light-based and LED equipment are designed to provide quick and faster recovery, hence, reducing the hospital stay. For instance, in 2015, Lumenis launched a new ResurFX laser system for fractional non-ablative skin resurfacing treatments
On the basis of product type, the global aesthetic lasers and energy devices market is segmented into body contouring devices, laser resurfacing devices, aesthetic ophthalmology devices, and others. Among these, the laser resurfacing devices segment accounted for the largest market share in 2019, owing to rising awareness among individuals toward the usage of these devices for skin or body resurfacing. In addition, laser resurfacing devices offer minimally invasive procedures for performing skin resurfacing.
The aesthetic lasers and energy devices market is further segmented based on the application into skin rejuvenation, hair removal, scar removal/skin resurfacing, skin tightening, and others. Among these, the skin tightening segment is expected to grow significantly over the forecast period, due to the rising baby boomer population across the globe. Baby boomers are widely adopting laser technology to tighten their skin for improving their self-appearance.
Based on technology, the energy-based technology market is growing at the fastest growth rate during the forecast period, owing to the growing demand for the aesthetic procedures coupled with the increasing number of hospitals offering aesthetics. The ability to produce highly precise and controllable effects on tissues, microscopes and minimally invasive delivery systems, easy adaptability to fiber optics, and the potential to treat some conditions by laser-based and light-based or sound waves on a specific target without touching the tissue with a solid instrument, make these devices more preferred.
The laser segment held the largest aesthetic lasers and energy devices market share in 2019, due to growing demand for minimally invasive procedures for skin rejuvenation and to remove scars, hair, tattoos, and pigmented lesions are high. Laser-based aesthetic devices are gaining popularity to perform the mentioned and other procedures because of their ability to stimulate the growth of new, healthy skin cells at a faster rate. This ability of the aesthetic laser device promotes rapid and painless healing. Non-surgical fat reduction with laser techniques also has become prevalent globally.
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