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Global Aesthetic/Cosmetic Lasers Market to Grow at a CAGR of 13.7% During the Period 2022-2027, Driven by Demand for Non-invasive and Effective Procedures

According to a new report by EMR titled, ‘Global Aesthetic/Cosmetic Lasers Market Report and Forecast 2022-2027’, the global aesthetic/cosmetic lasers market is expected to grow at a CAGR of 13.7% during the period 2022-2027, driven by growing awareness towards personal care and rising incomes.

The global aesthetic/cosmetic lasers market is likely to be driven by rising awareness towards personal beauty and care, rising incomes, technological advancements, novel and effective treatment systems, and availability of non-invasive procedures. North America, Europe and Asia are expected to be key markets.

Today, lasers and light devices are used to resurface, rejuvenate and treat almost all types of vascular lesions, remove and modulate fat, reshape the body, and remove unwanted hair. Solutions today have enabled outstanding results, enhanced efficacy, lesser downtime and increased safety. Skin conditions that could not be treated safely in the past have been rendered safely treatable. Further, modern treatment systems leave fewer or no signs, which is a major consumer demand. Energy-based devices continue to witness advancements across the world, especially Asia. Such developments have led to greater adoption of laser treatment systems and market growth.

Laser hair removal is one of the most popular aesthetic procedures across the world, with men as well as women adopting it as a standard personal care practice. Developments in technology have made laser hair removal quicker, more convenient, effective and economical. The hair removal segment is expected to drive the market. Therefore, leading companies are focusing on the segment and offering technically advanced and sophisticated hair removal solutions. For example, Lumenis offers two powerful and effective laser hair removal solutions - The LightSheer® Product Line and SPLENDOR X. The LightSheer® Product Line employs clinically-proven 805 nm and 1060 nm diode laser technology for quick, comfortable, effective and permanent removal of unwanted hair. SPLENDOR X is the first solid-state, synchronized laser emission Alexandrite (755nm) and Nd: YAG (1064mm) system to use BLEND X™ technology. With the help of these solutions, treatment providers can adjust treatments by hair type, skin type and lifestyle, and serve a larger patient base.

In 2021, Lumenis announced a partnership with Harrods Wellness Clinic, London, UK, under which Harrods would install the Stellar M22™ at its clinic. The powerful, multi-application modular platform combined IPL and lasers technologies and had the capability to treat conditions previous considered untreatable.

Several companies are striving to provide novel laser solutions such as non-ablative fractional laser resurfacing. In 2021, Candela introduced the Frax Pro™ system – a non-ablative fractional device that offered the first platform to feature dual-depth skin resurfacing with both Frax 1550™ and the novel Frax 1940™ applicators. The two modalities enabled the targeting of different skin layers, encouraging growth of new collagen and resulting in a smoother, more radiant skin.

Alma’s ClearSkin Pro is a fractional 1540nm Er:Glass laser hand-piece capable of inducing deep thermal micro-columns of tissue coagulation in the dermis without harming the epidermis and the surrounding dermal tissue. These coagulated columns beget a wound-healing response that forms new collagen, leading to enhanced skin texture and appearance. The cooled applicator enables a tolerable treatment and protects the epidermis.

In 2021, Alma won the European Product Design Gold Award for Industrial and Life Science Medical/Scientific Machinery Design of its Alma Hybrid Platform, devised to enable continual options of ablative, non-ablative and thermal treatments for skin rejuvenation and scar revision. The platform combined three core energies - CO2 laser, 1570nm laser and IMPACT.

In view of growing market demand, companies are looking to expand operations and capabilities. For example, in 2021, Merz Aesthetics and Candela Corporation announced a commercial collaboration to expand their product portfolios and effectively fulfil patient demand for full-spectrum aesthetic care. The collaboration would commence in North America, and there were plans to expand globally.

In 2018, Syneron Candela announced the acquisition of Ellipse, a Danish medical device company engaged in the production and marketing of Intense Pulsed Light (IPL) and laser-based platforms for a broad range of medical and aesthetic skin treatments.

Key Findings of the Report:

  • Increased awareness towards personal care and beauty and novel treatment systems enabled by advancements in technology are expected to drive the market.
  • Hair removal is likely to the be driving segment for the market.
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Modality, Product, End-user, and Region:

  • By modality, the market is segmented into Standalone Lasers [further broken down into Carbon Dioxide (Co2) Laser, Erbium YAG (Er: YAG) Laser, Diode Lasers, Pulsed Dye Lasers, Neodymium: Yttrium-Aluminum-Garnet (Nd:YAG) Laser, Alexandrite Lasers, and Others] and Multiplatform Lasers.
  • By product, the market is classified into Ablative Lasers and Non-ablative Lasers.
  • By application, the market is divided into Hair Removal; Skin Rejuvenation, Vascular Lesions, Acne, and Scars; Pigmented Lesion & Tattoo Removal; Leg and Varicose Veins; and Others.
  • By end user, the market is segmented into Private Clinics, Hospitals, Medical Spas, and Others.
  • By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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