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Forecast Year
The global aesthetic lasers and energy devices market size attained a value of USD 5.07 billion in 2023. The major drivers of the industry, such as rising disposable incomes, increasing urbanisation, increasing consciousness about one’s physical appearance, rising cases of skin ailments and disfigurements due to accidents and diseases, and technological developments in the medical and beauty sectors are expected to aid the market growth. The market is anticipated to grow at a CAGR of 10.2% during the forecast period of 2024-2032 to attain a value of USD 12.15 billion by 2032.
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Laser resurfacing is the dominant product type, holding the largest market share in the aesthetic lasers and energy devices industry. Based on application, body shaping, as well as skin tightening, represent the largest application segment, accounting for a significant share of the global market share. North America holds a leading role in the industry.
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Aesthetic lasers and energy devices refer to medical devices used in a variety of cosmetic procedures to cure skin defects and enhance the physical appearance of the patient. The use of medical procedures to improve physical attractiveness has long been a common practice but gained greater traction in the early 1990s with the emergence of major advances in the medical and beauty industries. Such instruments are commonly used to improve the physiology of wrinkled and aged skin. In addition, skin rejuvenation, tattoo removal, tightening of the skin, treatment of pigmented lesions, as well as vascular lesions, are some of the other uses for which these tools are used.
On the basis of product type, the industry can be divided into:
They find wide application in the following industries:
Based on technology, the industry can be divided into:
The end-uses in the industry can be categorised as follows:
The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The demand for aesthetic lasers and energy devices is mainly driven by significant technological developments in the medical and beauty sectors, combined with a growing understanding among individuals of their physical appearance. The rise in the occurrence of severe skin damage due to different causes, like road accidents, is also a significant growth-inducing factor. In addition, an increase in the incidence of skin cancer and obesity, which often leads to distorted physical appearance, contributes to the industry growth. In addition, changing fashion as well as the trend to imitate the looks of celebrities are also aiding the industry growth. Some of the other factors expected to build a favourable industry outlook are extensive research and development (R&D) in the dermatology sector and increased consumer purchasing power.
The report gives a detailed analysis of the following key players in the global aesthetic lasers and energy devices market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Product Type |
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Breakup by Applications |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global market for aesthetic lasers and energy devices reached a value of USD 5.07 billion.
The market is anticipated to grow at a CAGR of 10.2% during the forecast period of 2024-2032 to reach a value of USD 12.15 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, increasing urbanisation, increasing consciousness about one’s physical appearance, rising cases of skin ailments and disfigurements due to accidents and diseases, and technological developments in the medical and beauty sectors are expected to aid the market growth.
The growing celebrity culture and rising R&D activities in the industry are the major trends expected to impact the market positively.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.
The dominant product type in the industry is laser resurfacing devices.
The leading technologies in the industry are laser, light, and energy based technologies.
Cosmetic centres, dermatology clinics, hospitals, and ambulatory surgery centres, among others, are the significant end-use sectors in the market.
The body shaping and skin tightening segment accounts for the largest market share among other application segments in the industry.
The key players in the industry are Allergan Plc., Bausch Health Companies Inc., Candela Corporation, and Cynosure, Fotona, among others.
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