Global Aesthetic Lasers Market By Type (CO2 Lasers, Erbium Lasers, and Other Types), By Application (Hair Removal, Acne Reduction, and Other Applications), By End-User, By Region and Companies – Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023 – 2032

Report Overview

In 2022, the Global Aesthetic Lasers Market was valued at USD 1,137.7 Million. This market is estimated to reach USD 5085.2 Million in 2032 at the highest CAGR of 16.6% between 2023 and 2032.

Aesthetic lasers are the type of lasers that are used by properly trained professionals for effective treatments like hair removal, skin tightening, tattoo removal, and many other applications.

It is also used in the treatment of inflammatory skin diseases and benign pigmented lesions. Individuals prefer aesthetic laser treatment over others in the competition due to the benefits that it offers like ease to use, non-invasive, and consuming less time. These factors are promoting the use of aesthetic lasers in the market. The demand for non-invasive aesthetic treatments has grown significantly over the last few years with various medical and cosmetic treatments provided through aesthetic lasers.

The awareness about physical appearance has increased among individuals across the world. Individuals are adopting various treatments for enhancing their appearance and beautification. Many individuals are undergoing treatments like skin tightening, acne reduction, and many other treatments. With the rising use of aesthetic laser-based treatments among individuals, the aesthetic lasers market is expected to grow significantly over the forecast period.

Key Takeaways

• In 2022, the Global Aesthetic Lasers Market was valued at USD 1,137.7 Million.
• The market is estimated to reach USD 5085.2 Million in 2032.
• The projected CAGR between 2023 and 2032 is 16.6%.
• Aesthetic lasers cover a variety of treatments, including hair removal, skin tightening, and tattoo removal.
• CO2 lasers covered a major revenue share of 35.2% in the aesthetic lasers market.
• The hair removal application holds a major revenue share of 24% in the aesthetic lasers market.
• Medspas & beauty centers have a significant revenue share of 62.2% in the aesthetic lasers market.
• North America leads the global aesthetic lasers market with a revenue share of 38.2%.
• CO2 lasers, erbium lasers, pulsed-dye lasers, intense pulsed light (IPL), and other types are the different types of aesthetic lasers.
• The various applications of aesthetic lasers include hair removal, body shaping & tightening, skin resurfacing, pigmentation & tattoo removal, acne reduction, and more.
• Hospitals & specialty clinics and medspas & beauty centers are the primary end-users of aesthetic lasers.
• Aesthetic lasers are used for treating inflammatory skin diseases and benign pigmented lesions.
• Asia-Pacific is expected to grow at the highest CAGR in the future.

Driving Factor

Rising Awareness of Physical Appearance and Cosmetic Treatments are Driving the Growth of the Market.

With changing lifestyles, individuals across the world are more focused on physical appearance and beautification. Many individuals are undergoing various treatments to enhance their physical appearance. It includes treatments for hair removal, tattoo removal, skin tightening, and many other treatments.

This is driving the growth of the global aesthetic lasers market. Also, the increasing spendable income of individuals is inclining the preferences of individuals toward beautification and cosmetics. This is boosting the growth of the market.

Shift Towards Minimally Invasive and Non-Invasive Treatments

The rising demand for minimally invasive and non-invasive treatments is propelling the growth of the global aesthetic lasers market. Many individuals are adopting minimally invasive treatments over other treatments for the benefits of minimally invasive treatment. Aesthetic laser treatment involves the removal of hair, tattoos, acne, and many such beautification treatments. This is attracting individuals to adopt aesthetic laser-based treatments.

Restraining Factor

Stringent Regulations and High Costs of Treatment are Hindering the Growth of the Aesthetic Lasers Market

Many regulatory authorities across the world have imposed heavy rules and regulations to control aesthetic laser treatment in the region. Specialty clinics, hospitals, and spas have to strictly comply with these guidelines. Therefore, many individuals are avoiding aesthetic laser treatment.

Also, the high cost of aesthetic laser treatment is restricting many individuals across the world from adopting this treatment. A major part of the population is not able to adopt the aesthetic laser treatment. This is hindering the growth of the market.

COVID-19 Impact Analysis:

Stringent Regulations and Decreased Spendable Income During the COVID-19 Pandemic Decreased the Demand for Aesthetic Lasers in the Market.

During the outbreak of the COVID-19 pandemic, the demand for aesthetic laser-based treatments was significantly reduced. This decrease in demand was mainly due to the stringent rules and regulations imposed by governments of many countries across the world. Aesthetic laser treatment is not an emergency treatment therefore; it was not preferred by many individuals during the pandemic.

Furthermore, the halted income sources of individuals across the world reduce the spendable income of the overall population and also decreased the demand for aesthetic laser-based treatment in the market. These all factors have affected adversely the global market during the COVID-19 pandemic.

However, as vaccination efforts progress and restrictions have eased, the aesthetic industry, including the aesthetic lasers market, is likely to see a gradual recovery. Pent-up demand for aesthetic treatments and a renewed focus on self-care may drive an increase in the adoption of aesthetic laser procedures.

By Type Analysis

CO2 Lasers Leads the Global Aesthetic Lasers Market with Major Revenue Share in Account.

Based on Type, the aesthetic lasers market is classified into CO2 lasers, erbium lasers, pulsed-dye lasers, intense pulsed light (IPL), and other types. Among these types, CO2 lasers lead the segment by covering a major revenue share of 35.2% in the market. It is also anticipated to continue its growth throughout the forecast period.

This growth of the CO2 lasers is owing to the ability of these lasers to provide an accurate and high-speed treatment process than the others in competition. The advantages of CO2 lasers like precision processing, simple automation, high power density, and non-contact processing are encouraging people to adopt CO2 lasers for their treatment more than the others in competition. Factors like these are fueling the growth of CO2 lasers in the type segment of the global aesthetic lasers market.

By Application Analysis

Hair Removal Dominates the Application Segment with Major Share in Account.

The global aesthetic lasers market is classified into hair removal, body shaping & tightening, skin resurfacing, pigmentation & tattoo removal, acne reduction, and other applications based on application. From these applications, hair removal dominates the segment by holding a major revenue share of 24% in the account. This growth of hair removal in the application segment is due to the rising urge to enhance physical appearance by the female population across the world.

Many female individuals across the world choose to remove excess hairs from their bodies through non-invasive treatment. Therefore, aesthetic lasers provide precise removal of hair and also at high speed. This is attracting more and more female individuals to adopt aesthetic laser treatment in hair removal. These all key factors are propelling the growth of hair removal in the application segment of the global aesthetic lasers market.

By End-User Analysis

Increasing Spending on Beautification Through Medspas and beauty Centers is Driving the Growth of Medspas & Beauty Centers in the Market.

Based on end-user, the global aesthetic lasers market is divided into hospitals & specialty clinics, and medspas & beauty centers. Out of these end-users, medspas & beauty centers dominate over the hospitals & specialty clinics with a significant revenue share of 62.2% in the account. This growth of medspas & beauty centers is attributed to the changing lifestyles of individuals across the world.

Individuals are spending more money on beautification and personal appearance enhancements through medspas & beauty centers. These medspas & beauty centers offer various aesthetic laser-based treatments like hair removal, skin resurfacing, tattoo removal, and many such treatments. With the rising number of individuals going to medspas & beauty centers for treatment, it is boosting the growth of medspas & beauty centers in the end-user segment of the global aesthetic lasers market.

Aesthetic Lasers Key Market Segments:

Type

• CO2 Lasers
• Erbium Lasers
• Pulsed-Dye Lasers
• Intense Pulsed Light (IPL)
• Other Types

Application

• Hair Removal
• Pigmentation & Tattoo Removal
• Body Shaping & Tightening
• Acne Reduction
• Skin Resurfacing
• Other Applications

End-User

• Hospitals & Speciality Clinics
• Medspas & Beauty Centers

Growth Opportunity

Heavy Investments in Product Upgradation are Expected to Create Many Opportunities in the Global Aesthetic Lasers Market.

The key companies in the global aesthetic lasers market are heavily investing in the research and development of aesthetic lasers with more upgradation and improvement. Companies are filing patents for aesthetic lasers in the market to avoid patent infringement. This move from the companies is expected to create many lucrative opportunities in the global aesthetic lasers market during the forecast period.

Moreover, the increasing popularity of radiofrequency-based treatments among individuals is also expected to create opportunities for the companies in global aesthetic lasers market in the upcoming period.

Latest Trends

The Rising Trend of Beautification among Individuals Across the World is Positively Affecting the Growth of the Global Aesthetic Lasers Market.

The ongoing trend of surgeries and treatments for the enhancement of physical appearance and beautification is fueling the growth of the global aesthetic lasers market. Many beauty clinics and specialty clinics are offering various treatments for beautification and other applications. This includes applications like hair removal, tattoo removal, skin resurfacing, and many such treatments. Individuals are spending a lot of money on beautification treatments in the market. These factors are positively affecting the growth of the aesthetic lasers market.

Regional Analysis

North America Dominates the Global Aesthetic Lasers Market by Holding Major Revenue Share in Account.

The North American region leads the global aesthetic lasers market by covering a major revenue share of 38.2%. This exponential growth of the North American region is attributed to the presence of skilled professionals in the region. These professionals are well trained for the handling and precise use of aesthetic lasers in various treatments like hair removal and tattoo removal.

Moreover, the rising awareness among the people in the North American region regarding beautification has increased the demand for aesthetic lasers based treatment. Also, key players in the global aesthetic lasers market in the North America region are investing in research and development activities in aesthetic lasers. These key factors are propelling the growth of the global aesthetic lasers market in North America.

However, Asia-Pacific is expected to grow at the highest CAGR over the forecast period. Rising awareness about aesthetic procedures and increasing medical tourism are driving the growth of the aesthetic lasers market is the Asia Pacific region. Developing nations in the region like India are expected to play a huge role in the growth of the aesthetic lasers market during the forecast period.

Key Regions and Countries Covered in this Report

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Market Share & Key Player Analysis:

The key players in the global aesthetic lasers market are heavily investing in research and development activities. This is expected to expand the market share of key companies in the new region with new products. Also, major companies are adopting various strategies like mergers, acquisitions, collaboration, and partnerships to expand their business share across new regions and strengthen the position of the company in the global aesthetic lasers market.

Some of the key players in the global aesthetic lasers market are Solta Medical Inc., Cynosure Inc., Lutronic, Candela Medical Corporation, Lumenis, Cutera, Sciton Inc, Lynton Lasers, Alma Lasers, SharpLight Technologies Inc., and other key players.

Market Key Players

• Solta Medical Inc.
• Cynosure Inc.
• Candela Medical Corporation
• Lutronic
• Lumenis
• Cutera
• Lynton Lasers
• Sciton Inc
• Alma Lasers
• SharpLight Technologies Inc.
• Other Key Players

Recent Developments

• In October 2022: A medical device company ‘Sensus Healthcare Inc.’ launched their new Hair removal laser system Silk by Sensus hair removal laser system with different wavelengths.
• In June 2021: Sciton Inc. launched their new platform ‘mJOULE’ with a dual wavelength in the UK. The aim of this platform is to provide significant treatments in less time than others with the help of advanced technologies.

Report Scope