The global cosmetic lasers market was valued at around US$ 2.0 Billion at the end of 2021. The market is projected to register a 14.9% CAGR and top a valuation of US$ 8.0 Billion by 2032.
The upsurge in the demand for minimally invasive procedures and increasing technological advancements in the products are expected to propel the cosmetic lasers market.
Cosmetic lasers are medical equipment used for aesthetic procedures utilizing the selective photothermolysis technique. A focused, brief light beam of a particular wavelength is used in selective photothermolysis to produce a thermal effect that destroys undesired cells.
Cosmetic lasers are used for a variety of procedures, including tattoo removal, wrinkle reduction, acne and scar reduction, hair removal, and skin rejuvenation. The treatment of scars of various forms, including age spots, melismas, and sun damage, falls within the category of acne and is expected to rise in the coming years. Cosmetic procedures involve little physical trauma. The cosmetic issue must be addressed for the laser equipment utilized in these procedures.
| Attributes | Details |
| Cosmetic Lasers Market Value in 2021 | USD 2.0 Billion |
| Cosmetic Lasers Market Value in 2032 | USD 8.0 Billion |
| Cosmetic Lasers Market CAGR (2022 to 2032) | 14.9% |
One of the main drivers of the global market for cosmetic lasers is an increase in aesthetic consciousness among people combined with social media's growing influence, urban growth, and rising per capita income. Additionally, a considerable increase in the elderly population worldwide and an increased emphasis on preserving a youthful appearance are driving market expansion.
Additionally, the industry is benefiting from the expanding trend of aesthetic tourism and minimally invasive cosmetic surgeries (MIS). Cosmetic lasers are also becoming more popular because sun exposure causes a range of skin issues. The prevalence of obesity is increasing, which is hastening the adoption of body contouring methods to remove excess fat from various parts of the body and tighten loose skin. The development of innovative light-based technologies like infrared and light-emitting diodes is also driving the industry (LED). The top manufacturers' introduction of portable, OTC cosmetic lasers and light gear for use at home has a positive impact on the market.
North America held the largest share of the global cosmetic lasers market owing to the easy availability of aesthetic products, the vast presence of the target population, and the presence of key players in the region.
The European market is also anticipated to grow at a rapid pace, owing to the rising geriatric population and the availability of cosmetic treatments at reasonable costs.
Furthermore, the East Asia region is also expected to uplift the revenue of the cosmetic lasers market. The increasing awareness and consciousness of appearance to propel the market in the coming times.
Aerolase Corporation, Candela Corporation (Syneron Medical Ltd.), Cutera, Cynosure, El.En. S.p.A., Lumenis Ltd., Sciton Inc., Shanghai Fosun Pharmaceutical (Group) Co. Ltd., SharpLight Technologies Inc, Solta Medical Inc. (Bausch Health Companies Inc.), ALLERGEN PLC, ERCHONIA CORPORATION.
| Report Attributes | Details |
| Growth Rate | CAGR of 14.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2012 to 2021 |
| Forecast Period | 2022 to 2032 |
| Qualitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
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| Customization | Available Upon Request |
The global cosmetic lasers market is anticipated to register a CAGR of 14.9% during the forecast period.
Aerolase Corporation, Candela Corporation (Syneron Medical Ltd.), Cutera, Cynosure, El.En. S.p.A., Lumenis Ltd., Sciton Inc., Shanghai Fosun Pharmaceutical (Group) Co. Ltd., SharpLight Technologies Inc, Solta Medical Inc. (Bausch Health Companies Inc.), ALLERGEN PLC, ERCHONIA CORPORATION among others are some prominent medical device technologies market players.
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