Aesthetic Lasers and Energy Devices Market Size, Share, Industry, Forecast and outlook (2024-2031)

The aesthetic Lasers and Energy Devices Market is segmented By Product Type (Laser Resurfacing Devices, Aesthetic Ophthalmology Devices, Body Contouring Devices, Others), By Technology (Energy-Based Technology, Light-Based Technology, Ablative Fractional Lasers (Carbon Dioxide (CO2) Lasers, Erbium Lasers), Non- Ablative Fractional Lasers (Nd: YAG laser, Er: Glass Laser, Others), Light-Based Technology, Radiofrequency Technology, UV Technology, Infrared Technology, Low Temperature-Based Technology, Suction Based Technology, Others), By Application (Skin Rejuvenation, Hair Removal, Scar Removal/Skin Resurfacing, Skin Tightening, Others), By End-User (Hospitals, Cosmetic Surgery Centers/Clinics, Ambulatory Surgery Centers (ASCs), Dermatology Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030 

Aesthetic Lasers and Energy Devices Market Overview

The global aesthetic lasers and energy devices market report analyses the shares, size, recent trends, future market outlook, and competitive intelligence. Aesthetic lasers and energy devices used in several cosmetic procedures to treat skin disorders and improve physical appearance are on the rise. Demand from Hospitals, Cosmetic Surgery Centers/Clinics in Europe’ is spiking. The competitive rivalry intensifies with Allergan Plc., Bausch Health Companies Inc., and others active in the market.

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 aging skin. In addition, these devices are also used in different applications including, tattoo removal, skin rejuvenation, skin tightening, vascular lesions, and treatment of pigmented lesions. 

The Aesthetic Lasers and Energy Devices Market study analysis offers an in-depth outlook on the market containing both quantitative, and qualitative data. It gives an outlook and forecast of the global Aesthetic Lasers and Energy Devices Market based on the market segmentation by product type, technology, application, and end user. It also provides the Aesthetic Lasers and Energy Devices Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Aesthetic Lasers and Energy Devices Market Summary

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Aesthetic Lasers and Energy Devices Market Dynamics

The global aesthetic lasers and energy devices market growth is driven by certain factors such as continuous technological advancements and approval for new aesthetic lasers and energy devices, growing demand for non-invasive skin treatment procedures, and rising awareness amongst people about non-invasive surgeries with lesser side effects has increased the adoption of non-invasive aesthetic lasers and energy devices are among the key factors driving the market growth.

Continuous technological advancements and approval for new aesthetic lasers and energy devices are expected to drive the global aesthetic lasers and energy devices market during the forecast period

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. This new product launch, on the much-anticipated platform mJOULE, includes a new fractional treatment, MOXI, and BBL HERO, the largest advancement in the history of pulsed light-based technology.

Also, in April 2020, WONTECH, a Korean laser, and energy-based medical aesthetic device company received U.S. Food and Drug Administration 510 (K) clearance for its hybrid Nd: YAG & Alexandrite laser device, SANDRO DUAL.

Growing demand for non-invasive skin treatment procedures is also driving the growth of the market. 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 is designed to provide quick and faster recovery, hence, reducing hospital stays.

In addition, rising combination therapies for various aesthetic procedures are boosting market growth. The laser-based aesthetic devices are used widely in various skin rejuvenation procedures. For instance, in tattoo removal aesthetic procedures, the use of single laser-based devices is sometimes challenging. The inks used in the lasers-based aesthetic lasers and energy devices get retained inside when performing multiple sessions for tattoo removal. In some cases, tattoo clearance becomes incomplete and takes subsequent sessions. Some adverse reactions, such as blistering and dyschromia, may happen during the treatment tenure. These challenges can be overcome by using the combined mode of tattoo removal treatment, which increases the demand for Aesthetic Lasers and Energy Devices. For instance, combining fractional lasers with Q-switched lasers has minimized the post-treatment side effects such as blistering.

High cost of products and stringent regulations for device approval hampering the growth of the aesthetic lasers and energy devices market

However, the high cost of products and stringent regulations for device approval are hampering the growth of the aesthetic lasers and energy devices market. Also, the market growth is likely to hinder by adverse side effects related to aesthetic treatment. These devices are associated with several side effects, as these medications work differently on different skin types and textures. Absorption of excess laser light can result in skin discoloration and blistering for a darker skin tone than lighter ones. Such post-treatment side effects create a block in opting for these treatments.

Aesthetic Lasers and Energy Devices Market Segmentation Analysis

The energy-based technology segment is expected to grow at the fastest CAGR during the forecast period (2023-2030) 

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 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.

COVID-19 Impact on Aesthetic Lasers and Energy Devices Market

The COVID-19 outbreak has impacted the aesthetic lasers and energy devices market significantly. The medical aesthetic sector is facing several challenges in its manufacturing and supply chain, including delivering products to end-users. The market has observed negative growth with a decline in the product demand from end-users, temporary closure of several end-user facilities (including beauty centers and spas), limited operations in most of the industries disrupted supply chain several other challenges faced in essential services due to the lockdown.

Global Aesthetic Lasers and Energy Devices Market- Industry Analysis

The global aesthetic lasers and energy devices market provides an in-depth analysis of the market based on various industry factors such as porter’s five force analysis, supply chain analysis, regulatory analysis, pricing analysis, and unmet needs.

Aesthetic Lasers and Energy Devices Market Geographical Share

North America region holds the largest market share of the global Aesthetic Lasers and Energy Devices market

North American region is dominating the global Aesthetic Lasers and Energy Devices market and accounted for the largest market share in 2021, owing to advanced healthcare infrastructure and experienced professionals in this region which leads to higher adoption of aesthetic lasers and energy devices in hospitals, specialty clinics, and diagnostic centers. Also, growing awareness of the benefits of non-invasive medical aesthetic treatments is boosting the growth of the market. The number of breast augmentation and liposuction procedures in the United States has always been high.

Canada's aesthetic device market is a highly diversified and export-oriented industry that manufactures equipment and supplies where purchasers include Canadian and international hospitals, physician’s offices, laboratories, clinics, as well as patients (through direct purchases). The aesthetic device sector is populated with companies driven by product innovation. The industry can draw on world-class innovative research being conducted in Canadian universities, research institutes, and hospitals, some of which have been spun off into Canadian medical device companies. Around 10% of Canada’s medical device companies have spun off from Canadian research organizations.

Aesthetic Lasers and Energy Devices Companies and Competitive Landscape

The global aesthetic lasers and energy devices market is fragmented with the presence of a large number of market players. Some of the major players contributing to the growth of the aesthetic lasers and energy devices market are Allergan Plc., Bausch Health Companies Inc., Cutera Palomar Medical Technologies, Cynosure Inc., Fosun International Ltd., Fotona Inc., Lutronic Inc., Sciton Inc., among others. Rising awareness toward aesthetic-based skin and body rejuvenation lasers and energy devices has increased the revenue opportunities for leading manufacturers to invest in the aesthetic lasers and energy devices market.

The key players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the aesthetic lasers and energy devices market globally. For instance,

• In August 2020, the US-based Sensus Healthcare has acquired mobile aesthetic laser companies Aesthetic Mobile Laser Services and Aesthetic Laser Partners in Florida, US. The transactions are expected to bring in approximately $1m in revenues over the next 12 months.
• In May 2020, AbbVie has completed the acquisition of Allergan. AbbVie planning to launch Allergan Aesthetics, a global subsidiary under the umbrella of the AbbVie-Allergan merger.
• In November 2019, Baring Private Equity Asia announced that its affiliated private equity funds have agreed to acquire Lumenis, a leading provider of specialty energy-based medical devices across the fields of aesthetics, urology, ophthalmology, ENT, and gynecology from XIO. The transaction values Lumenis at an enterprise value of over $1 billion.

Global Aesthetic Lasers and Energy Devices Market – Key Companies to Watch

Allergan Plc

Overview: Allergan Plc is a bold, global pharmaceutical company. It is focused on developing, manufacturing, and commercializing branded pharmaceutical, device, biologic, surgical, and regenerative medicine products for patients around the world.

Product Portfolio: CoolTone Device- The CoolTone device is FDA-cleared for improvement of abdominal tone, strengthening of the abdominal muscles, and development for a firmer abdomen. CoolTone is also FDA-cleared for strengthening, toning and firming of buttocks and thighs.

The global aesthetic lasers and energy devices market report would provide an access to approx. 40+ market data table, 45+ figures and 180 pages.