Cosmetic lasers are majorly used in the dermatology field by dermatologists to cure the issues of the skin. These cosmetic lasers emit radiation through which most of the skin disorders can be reduced and eliminated. Lasers are the devices that resurface the modality of the skin, the harnesses light power and the heat in order to improve the skin tone, coloration, and texture of the patients. There are two types of lasers used in the cosmetic domain of dermatology; they include the ablative and the non-ablative that are mainly used to treat skin disorders like lines, wrinkles, sun damage, acne scars, that are greatly different.
Cosmetic lasers market is estimated to be over US$ 1,500 Mn in 2018. It is anticipated to grow at a CAGR of 13.4% from 2019 to 2030.
The continual growth of the cosmetic lasers market can be attributed to several factors which have led to wide scale adoption of these products which are extensively used to improve physical appearance of patients. Moreover, the growing demand for cosmetic treatments and therapies across the globe is anticipated to further contribute to the substantial growth of the global cosmetic lasers market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers. The Anglia Ruskin University, based in England, has entered into an agreement with Allergen Inc., a cosmetic lasers company, to develop educational program for practicing physicians in the Asia Pacific region on facial aesthetics.
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Major Key Players of the Cosmetic Lasers Market are:
Cutera, Cynosure, Alma Lasers, SharpLight Technologies, Aerolase, Syneron Medical, Sciton, Solta Medical, Lumenis Ltd and El.En. S.P.Aamong others.
Over the years, the emergence of medical tourism as a popular and profitable industry has played a vital role in contributing to the growth of the global cosmetic lasers industry. Several countries, namely India, Turkey, Thailand, Brazil and other developing countries have emerged as essential contributors to global medical tourism industry. Multiple factors have been responsible for attracting patients to tour worldwide for medical treatments. Cost effectiveness, availability of personalized and tailor-made services, better facilities, convenience, and advanced technologies have been vital in contributing to the medical travel facilities. In 2017, it was estimated that the total number of medical tourists across all countries was a staggering 14-16 million.
It is further expected that the number of medical tourists travelling abroad seeking treatments will additionally increase at a rate of 25% every year. Cosmetic laser treatments have been one of the most lucrative therapy segments which have witnessed lucrative increment in terms of the number of medical tourist over the past few years. Attractive pricing coupled with availability of advanced technology has been a major driver for the global Cosmetic Lasers Market, which is further anticipated to grow in the coming years.
The Cosmetic Lasers Market is segmented on the basis of Product, Modality, Applications and region.
Major Product of Cosmetic Lasers Market covered are:
- Nd:YAG
- Carbon Dioxide
- Pulse Dyed-Laser (PDL)
- Diode
- Er:YAG
Major Modality of Cosmetic Lasers Market covered are:
- Multiplatform
- Standalone
Major Applications of Cosmetic Lasers Market covered are:
- Hair Removal
- Vascular Lesions
- Body Contouring
- Skin Resurfacing
- Scar & Acne Removal
Since the advent of minimally-invasive procedures, the adoption of such procedures have witnessed substantial growth in recent times. Shorter hospital admittance time, lesser procedure associated pain and fewer complications have been pivotal in contributing to the growing adoption of minimally-invasive procedures. According to the American Society of Plastic Surgeons (ASPS), the numbers of Americans opting for minimally-invasive cosmetic procedures have witnessed a growth of nearly 200% since 2000. In 2017, the total number of cosmetic procedures performed in U.S. was nearly 1.8 million. Growing preference for minimally-invasive cosmetic laser procedures in anticipated to further propel the growth of the cosmetic lasers market.
Research objectives:-
– To study and analyze the global Cosmetic Lasers consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Cosmetic Lasers market by identifying its various sub-segments.
– Focuses on the key global Cosmetic Lasers manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Cosmetic Lasers with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- UNIQUE SELLING PROPOSITIONS (USPs)
- Regulatory Landscape Assessment
- Application Horizon Assessment
- Technological Advancements
- GLOBAL MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Nd:YAG
- Carbon Dioxide
- Pulse Dyed-Laser (PDL)
- Diode
- Er:YAG
- Other Products
- GLOBAL MARKET – ANALYSIS & FORECAST, BY MODALITY
- Multiplatform
- Standalone
- GLOBAL MARKET – ANALYSIS & FORECAST, BY APPLCIATION
- Hair Removal
- Vascular Lesions
- Body Contouring
- Skin Resurfacing
- Scar & Acne Removal
- Other Applications
- GLOBAL MARKET – ANALYSIS & FORECAST, BY END USERS
- Hospitals
- Dermatology Clinics
- Medical Spas
- GLOBAL MARKET – ANALYSIS & FORECAST, BY REGION
- North America Cosmetic Lasers Market
- Europe Cosmetic Lasers Market
- Asia Pacific Cosmetic Lasers Market
- Rest of the World (ROW) Cosmetic Lasers Market
- COMPETETIVE LANDSCAPE
- Market Share Analysis (2018)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
- Cutera, Inc
- Cynosure (Hologic Inc.)
- Alma Lasers, Ltd. (Fosun Pharmaceutical Co., Ltd.)
- SharpLight Technologies Inc
- Aerolase Corp.
- Syneron Medical Ltd.
- Sciton, Inc.
- Solta Medical, Inc.
- Lumenis Ltd
- El.En. S.P.A
*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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