Cosmetic Laser Market - Forecast(2021 - 2026)

Report Code: HCR 64355 Report Format: PDF + Excel (Delivery in 48 Hrs)

Cosmetic Laser Market Overview

Cosmetic Laser Market size was valued at $2,378 million in 2020, and is anticipated to reach $5,743 million by the end of 2026 growing at a CAGR of 6.0% during the forecast period 2021-2026. The cosmetic laser industry growth rate is attributed to the increasing demand for aging baby boomers as well as surplus income with the middle class to spend on cosmetic surgeries and is anticipated bringing new opportunities. Cosmetic laser is a therapy that reduces vascular lesions, facial wrinkles and skin tightening, such as blemishes or acne scars. This technique directs brief, concentrated pulsating beams of light on uneven surfaces of skin, which precisely removes skin layer by layer and is also known as lasabrasion technique, laser peel, or laser vaporization. It is used to treat many medical conditions such as aging skin problems, age spots, fine lines, wrinkles on the face birthmarks, spider veins, droopy, dry, sagging eyelid skin, and dark circles. Further, it can also be used in uneven skin tone correction and texture, smokers’ line, etc. Moreover, cosmetic laser market creates great opportunity to expand their wings. Manufacturer's continuous cosmetic laser techniques worldwide is also driving the laser market during the forecast period.

Cosmetic Laser Market Report Coverage

The report: “Cosmetic Laser Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Cosmetic Laser Market:

By Product Type: Ablative, Non-ablative.
By Modality: Standalone Laser Devices, Multiplatform Laser Devices.
By Application: Vascular Lesions, Acne & Scars, Pigmented Lesions & Tattoos, Hair Removal, Skin Tightening, Leg Veins & Varicose Veins and Others.
By End Users: Hospitals, Skin Care Clinics and Cosmetic Surgical Center.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).

Key Takeaways

  • North America dominated the Cosmetic Laser market with a share of 38.16% in the year 2020.        
  • The factors such as growing adoption of noninvasive procedures, changing lifestyles, rising incidence of skin damage are among the major factor projected to impel growth of cosmetic laser market.
  • Additionally, factors such as reduction in procedural costs and rise in medical tourism devices are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

Global Cosmetic Laser Market, By Product Type 2020(%)

 

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Cosmetic Laser Market Segment Analysis - By Application

In 2020, on the basis of application, hair removal segment accounted for the largest segmental revenue of the cosmetic laser market. The laser hair removal segment held the largest market on account of the growing cosmetic laser consciousness and the cost of hair removal process is comparatively less than other cosmetic procedures making it affordable and cheaper in the long run thereby, positively impacting the segment growth. Furthermore, conventional hair removal techniques prove to be time-consuming and are not feasible in the current fast-moving lifestyle.

On the contrary, skin tightening segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 6.89%. The prime factor supplementing the growth of this segment is owing to the fact that skin tightening is common amongst people between the ages of 35 and 50. Skin tightening is the most common cosmetic procedure among those considering it and has an advantage over dermal fillers and implants because of its non-invasive nature, fast recovery time, and noticeable performance, which is to continue drive the segment growth in the forecast period 2021-2026. Furthermore, the rise in obesity and early results of the operation, Brazil, Mexico, India, and China has seen an increase in demand for laser-assisted lipoplasty. This procedure is used to treat regions of the body that are prone to exercise and dieting, such as the stomach during pregnancy, the thighs, and localized fats in other body parts., which is anticipated to further fuel the segment growth.

Cosmetic Laser Market Segment Analysis - By End Users

On the basis of end users, hospital segment accounted for the largest segmental revenue of the cosmetic laser market in 2020 owing to increasing number of hospitals with laser treatment facilities is anticipated to drive the segment growth. Expansion in the cosmetic industry and the rise in awareness about the physical appearance amongst the population is poised to positively influence the market demand.

On the other hand, skin care clinics segment is projected to dominate over the forecast period 2021-2026 with a CAGR of 6.5%. The skin care clinics is to witness a healthy growth owing to rising number of aesthetic/cosmetic procedures across the globe, increasing awareness about various aesthetic procedures and their benefits, growing preference of the patients for minimal invasive cosmetic surgeries, and growth in the number of private clinics and surgeons providing these treatments. All these factors are to drive the segmental market growth.

Cosmetic Laser Market Segment Analysis - By Geography

North America is the major region dominating the cosmetic laser market with a market share of 38.16% in the year 2020. This can be attributed to the growing consciousness amongst the elderly population and rapid technological advancements. Also, the manufacturers compete closely for market share in this region. Moreover, owing to the absence of professional training for cosmetics procedures, companies incorporate training initiatives using their own products for healthcare practitioners, thus boosting their sales thereby, aiding the regional cosmetic laser market growth.

However, Asia-Pacific is projected to be the significant-growing market during the forecast period 2021-2026 owing to its large aging population base and comparatively lesser procedures costs. Improved results and reduced risk coupled with adverse events such as accidents and burns encourage people to opt for aesthetic procedures which foster the growth of the market in the region. Apart from this, rise in promotional activities related to cosmetic lasers coupled with the presence of companies such as Sciton, Inc., Syneron Medical Ltd., Lutronic, and Cutera in the region has been affecting the market for cosmetic laser positively.

Cosmetic Laser Market Drivers

Significant Increase In The Preference For Non-Aesthetic Procedures

The cosmetic laser market is poised to receive upswing demand owing to significant increase in the preference for non-aesthetic procedures and technical advancements in laser technology. In addition, surge in adoption of the non-invasive procedures, rise in cases of skin damages, increase in medical tourism & ever-changing lifestyles, and reduced procedural expenses propel the growth of cosmetics laser market. Other factors such as enhanced implementation of aesthetic procedures, development of laser technology, increased focus on body appearance among both men and women, and high disposable income in developing economies fuel the growth of cosmetic lasers market to a significant extent.

Cosmetic Laser Market Challenges

Strict Regulations And Lack Of Reimbursement

Despite several drivers, less emphasis of manufacturers on aesthetic devices, strict regulations by governments on the usage of cosmetic lasers, and lack of reimbursement are major factors that could challenge market growth to a certain extent over the forecast period 2021-2026. Conversely, development in fillers, lasers, and injectable are estimated to create lucrative opportunities for the cosmetic laser market in the near future.

Cosmetic Laser Market Landscape

Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Cosmetic Laser Market. In 2020, Cosmetic Laser market share is fragmented by the top ten players present in the market. Cosmetic Laser Market top 10 companies are Alma, Candela, Cutera, Cynosure, Deka, Hoyoconbio, Lumensis, Palomar, and Syneron, Aerolase El.En. Spa Lumenis Ltd., Aerolase Corporation Sciton, Inc., Sharp Light Technologies, Fosun Pharmaceutical, Syneron Medical Inc. and others.

Acquisitions/Product Launches

  • In July 2019, Hologic Inc. launched two new products for innovative cosmetics treatments called TempSure Film handpiece for SculpSure sub mental treatments.
  • In February 2019, Alma Lasers launched a new hair removal device called the Soprano Titanium.

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Acne Vulgaris Market - Forecast(2021 - 2026)

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Laser Processing Machine Market - Forecast(2021 - 2026)

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1. Cosmetic Laser Market - Overview
    1.1 Definitions and Scope
2. Cosmetic Laser Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Cosmetic Laser Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Cosmetic Laser Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Cosmetic Laser Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Cosmetic Laser Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Cosmetic Laser Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Cosmetic Laser Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Ablative
    8.2 Non-Ablative
9. Cosmetic Laser Market - By Modality (Market Size –$Million/$Billion)
    9.1 Standalone Laser Devices
        9.1.1 Carbon Dioxide (CO2) Lasers
        9.1.2 Erbium YAG Lasers
        9.1.3 Diode Lasers
        9.1.4 Pulsed Dye Lasers (PDL)
        9.1.5 Nd:Yag Lasers
        9.1.6 Alexandrite Lasers
        9.1.7 Other
    9.2 Multiplatform Laser Devices
10. Cosmetic Laser Market - By Application (Market Size –$Million/$Billion)
    10.1 Vascular Lesions, Acne & Scars
    10.2 Pigmented Lesions & Tattoos
    10.3 Hair Removal
    10.4 Skin Tightening
    10.5 Leg Veins & Varicose Veins
    10.6 Others
11. Cosmetic Laser Market - By End User (Market Size –$Million/$Billion)
    11.1 Hospitals
    11.2 Skin Care Clinics
    11.3 Cosmetic Surgical Center
12. Cosmetic Laser Market - By Geography(Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Mexico
        12.1.3 Canada
    12.2 Europe
        12.2.1 U.K.
        12.2.2 France
        12.2.3 Germany
        12.2.4 Russia
        12.2.5 Italy
        12.2.6 Spain
        12.2.7 Rest of Europe
    12.3 Asia Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Others
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
        12.5.3 South America
13. Cosmetic Laser Market - Entropy
14. Cosmetic Laser Market – Industry/Segment Competition Landscape Premium
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Best Practices for Companies
15. Cosmetic Laser Market – Key Company List by Country Premium Premium
16. Cosmetic Laser Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Cosmetic Laser Market Revenue, 2019-2024 ($M)
2.Canada Cosmetic Laser Market Revenue, 2019-2024 ($M)
3.Mexico Cosmetic Laser Market Revenue, 2019-2024 ($M)
4.Brazil Cosmetic Laser Market Revenue, 2019-2024 ($M)
5.Argentina Cosmetic Laser Market Revenue, 2019-2024 ($M)
6.Peru Cosmetic Laser Market Revenue, 2019-2024 ($M)
7.Colombia Cosmetic Laser Market Revenue, 2019-2024 ($M)
8.Chile Cosmetic Laser Market Revenue, 2019-2024 ($M)
9.Rest of South America Cosmetic Laser Market Revenue, 2019-2024 ($M)
10.UK Cosmetic Laser Market Revenue, 2019-2024 ($M)
11.Germany Cosmetic Laser Market Revenue, 2019-2024 ($M)
12.France Cosmetic Laser Market Revenue, 2019-2024 ($M)
13.Italy Cosmetic Laser Market Revenue, 2019-2024 ($M)
14.Spain Cosmetic Laser Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cosmetic Laser Market Revenue, 2019-2024 ($M)
16.China Cosmetic Laser Market Revenue, 2019-2024 ($M)
17.India Cosmetic Laser Market Revenue, 2019-2024 ($M)
18.Japan Cosmetic Laser Market Revenue, 2019-2024 ($M)
19.South Korea Cosmetic Laser Market Revenue, 2019-2024 ($M)
20.South Africa Cosmetic Laser Market Revenue, 2019-2024 ($M)
21.North America Cosmetic Laser By Application
22.South America Cosmetic Laser By Application
23.Europe Cosmetic Laser By Application
24.APAC Cosmetic Laser By Application
25.MENA Cosmetic Laser By Application