Expert Market Research’s new report, titled “Global Aesthetic Lasers and Energy Devices Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026” provides an in-depth analysis of the global Aesthetic Lasers and Energy Devices Market, To evaluate the market based on its segments such as product type, application, technology, end-use, and major regions. The report tracks the latest trends in the industry and examines their impact on the overall market. It also assesses market dynamics, covers key demand and price indicators, and analyzes the market based on the SWOT and Porter’s Five Forces models.
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The main highlights of the report include:
Market overview (2016-2026): –
• Historical Market Size (2020): $ 3,785 million
• Projected CAGR (2021-2026): 10.2%
• Projected market size (2026): $ 6778.8 million
The global aesthetic laser and energy device market is being driven by a better understanding of medical aesthetics, advances in aesthetic devices, and a global increase in obesity. On the other hand, the high cost of these treatments is a major barrier to the cosmetic laser and energy product market. In addition, rising disposable incomes and a growing body modification trend in developing countries like India and China are likely to create lucrative market growth opportunities in the near future. Routine healthcare has been suspended as healthcare resources to treat COVID-19 patients have been prioritized, adversely affecting the aesthetic laser and energy device market.
Industry definition and main segments
Aesthetic lasers and energy treatments are used to treat sun damaged skin, wrinkles, and unwanted lesions. Many people looking to improve the physiology of wrinkled and aged skin use these devices to maintain or rejuvenate their appearance. To correct the cosmetic treatment process, a number of scientific methods are used. The main purpose of these devices is to tone the skin by removing stubborn fat or reducing excess sagging skin.
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Based on the product type, the industry can be divided into:
• Laser renewal devices
• Body contouring devices
• Aesthetic ophthalmic devices
They are widely used in the following industries
• hair removal
• skin renewal
• skin rejuvenation
• Body shaping and skin tightening
Based on the technology, the industry can be divided into:
• Laser-based technology
• Light-based technology
• Energy-based technology
The end uses in industry can be categorized as follows:
• Cosmetic centers
• Dermatological clinics
• Outpatient surgery centers
Depending on the region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
In recent years, the cosmetics industry has discovered new bioactive and highly effective ingredients that offer consumers visible benefits for the skin. Various technical advances in the aesthetic industry, higher disposable income and increased awareness of skin rejuvenation and beauty are the main factors driving the demand for aesthetic procedures in industrialized and emerging countries. The aesthetic industry has continued to embrace modern and innovative surgical instruments in recent years. Non-invasive procedures with lasers and other energy instruments, on the other hand, have developed rapidly. These systems also use a combination of types of energy to provide the most effective care. Skin rejuvenation, tattoo removal and skin tightening are the most popular uses for cosmetic laser and energy devices in skin and hair care. North America dominated the global economy and this trend is expected to continue over the forecast period. Due to the increased awareness and acceptance of various non-invasive cosmetic services, improved health facilities and an increase in the incidence of skin diseases, the market in the region is expected to grow. In addition, the demand for cosmetic treatments in men and easy access to user-friendly aesthetic devices is expected to drive the aesthetic laser and energy device market in the near future.
Key market player
The main players in the market include Allergan Plc., Bausch Health Companies Inc., Candela Corporation, Cynosure, Fotona. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, and other recent developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread around the world, our analysts are constantly monitoring the impact of this rapidly evolving situation on markets and consumer buying behavior. As such, our latest estimates and analysis of current market trends and projections will fully reflect the impact of this emerging pandemic.
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