Growing adoption of noninvasive procedures, changing
lifestyles, rising incidence of skin damage, reduction in procedural costs, and
rise in medical tourism devices are the major factors driving the growth of the
aesthetic lasers market. However, the rising adoption of energy-based devices
and low focus of market players on aesthetic/cosmetic devices are restraining
the growth of this market.
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What the Market Looks Like?
The global aesthetic lasers market is estimated to grow at a
CAGR of 10.2% during the forecast period, to reach USD 1,132.7 Million by 2021.
Asia Pacific accounted for the largest share of the tensiometer market in 2018.
Increasing preference for noninvasive cosmetic procedures,
increasing disposable income, technological advancements, and rising medical
tourism are the major drivers of the aesthetic lasers market. However, lack of
reimbursement will restrain the growth of this market.
What Drives the Market?
The growth of the Cosmetic Lasers Market is primarily
influenced by the following factors:
·
Growing Adoption of Non-Invasive Aesthetic
Procedures
·
Changing Lifestyle and Growing Disposable Income
·
Technological Advancements
·
Growing Medical Tourism
The aesthetic lasers market is segmented on the basis of
type, application, end user, and region. On the basis of type, the market is
segmented into standalone lasers and multiplatform lasers. Standalone lasers
are further segmented into carbon dioxide (CO2) lasers, erbium YAG lasers,
diode lasers, pulsed dye lasers, Nd:YAG lasers, alexandrite lasers, other
standalone lasers (argon, ruby, krypton lasers, and erbium:glass lasers).
In this report, the global aesthetic/cosmetic lasers
market is segmented on the basis of type, application, end user, and region.
Based on type, the aesthetic/cosmetic lasers type market is
segmented into standalone lasers and multiplatform lasers. In this market,
multiplatform lasers formed the fastest-growing segment as they provide
scalable and upgradeable hybrid systems that can treat multiple indications.
Factors such as multiplatform lasers provide clinicians the flexibility and
versatility of several standalone systems in a single package, and provide
combination therapy to synergistically treat a single indication or provide
treatment addressing multiple elements of any indication is contributing to the
high growth of this segment in the forecast period.
North America is expected to account for the largest share
of the aesthetic/cosmetic lasers market in 2016. The Asia-Pacific region
accounted for the second-largest share of the aesthetic/cosmetic lasers market;
in this region the availability of R&D funds has encouraged the
aesthetic/cosmetic lasers market. The Asia-Pacific region is estimated to be
the fastest growing region in the aesthetic/cosmetic lasers market during the
forecast period owing to changing lifestyles, rising incidences of skin damage,
and increasing medical tourism.
Major players in the aesthetic/cosmetic lasers market
include Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.),
Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc.
(U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and
Solta Medical (U.S.).
The global aesthetic/cosmetic lasers market is dominated by
Cynosure (U.S.), Syneron Medical (Israel), Lumenis Ltd. (Israel), and Cutera,
Inc. (U.S.), owing to their global presence and broad product portfolio in the
global aesthetic/cosmetic lasers market.