The global laser cosmetic surgery market is expected to witness a strong growth rate of around 14.5% during the forecast period 2022-2028. Laser cosmetic surgeries are used for various treatments such as reducing wrinkles and scars, evening out skin coloring, and promoting the growth of new collagen fibers among others.
Increasing demand for non-invasive or minimally invasive procedures, the aging population, and technological advancements in laser cosmetic surgery are some of the key drivers of the global laser cosmetic surgery market. Moreover, with the rising availability of information on laser cosmetic surgery procedures, people are getting more aware of the benefits and risks of the treatments which led to greater acceptance of laser cosmetic surgery as a viable option for enhancing one’s appearance.
Effectiveness, versatility, and safety profile lead the non-ablative segment to gain significant traction
The non-Ablative Lasers segment is expected to dominate the global laser cosmetic surgery market. Non-ablative lasers burn the skin’s tissue below the surface without harming the skin’s outer layer. This means that compared to ablative lasers, which remove the skin’s outer layer, patients have less pain, less downtime, and fewer adverse effects.
Non-ablative lasers are also adaptable and can be utilized for a variety of aesthetic procedures, such as hair removal, acne treatment, and skin rejuvenation. The development of newer, more sophisticated non-ablative laser systems that can give more targeted, precise treatments with better outcomes has also been facilitated by technological improvements.
In the US, CO2 lasers are recommended by FDA (Food and Drug Administration) as it results in less bleeding
North America is estimated to be one of the prominent markets for laser cosmetic surgery on the back of increasing demand for non-invasive cosmetic procedures, and high disposable income in the region. The US Food and Drug Administration (FDA) granted CO2 laser approval in 1984, paving the way for more widespread use in the healthcare sector. In both cosmetic and medical procedures, the use of CO2 lasers is recommended since it results in less bleeding, less pain, and a considerably lower chance of infection.
Moreover, robots are being used in laser cosmetics surgeries in the US which is further enhancing the efficacy of the treatment, thus fueling the market growth. Europe is another major shareholding region in the global market. The market growth is driven by factors such as the aging population, increasing awareness about laser cosmetic procedures, and technological advancements in laser technology.
China entered the industry rather late, and today’s market is largely dominated by international companies like Cynosure, Candela, Alma, Lumenis, and Fotona. In the non-surgical sector’s subcategory of laser cosmetic devices, according to VBData.cn, domestic businesses are working to catch up and are about to terminate the import monopoly and achieve local substitution in the high-end market.
Market Structure and Competitive Landscape
The global laser cosmetic surgery market is fragmented in nature with various players operating in the market, some of the prominent players that contribute significantly to the Global Laser Cosmetic Surgery Market include Cutera Inc., Cynosure LLC, Syneron Candela, Solta Medical Inc., Lumenis Ltd., Alma Lasers Ltd., Sciton Inc., Palomar Medical Technologies Inc., Aerolase Corp., Fotona d.o.o., BTL Industries Inc., Venus Concept Canada Corp., Ellman International Inc., Zimmer Medizin Systeme GmbH, and Lutronic Corporation among others.
Startups and companies are actively developing and marketing innovative technologies in the global laser cosmetic surgery market. Some of the key developments in the global laser cosmetic surgery market include,
- In November 2022, FYihealth Group, a Calgary-based healthcare company announced to spin off its medical-aesthetics division and merge with Montreal-based Functionalab Group to form a new entity.
- In November 2020, ReNue continues expansion with the announcement of the merger with Beautiful Canadian Laser and Skincare.
Key Market Segmentation
RationalStat has segmented the global laser cosmetic surgery market on the basis of type, modality, application, end user, and region.
- By Type
- Ablative Lasers
- Non-Ablative Lasers
- Nd: YAG Lasers
- Others (Alexandrite Lasers, etc.)
- By Modality
- Intense Pulsed Light (IPL)
- Pulsed Dye Laser (PDL)
- YAG Laser
- Carbon Dioxide Laser
- Erbium laser
- Others (Infrared, etc.)
- By Application
- Tattoo Removal
- Hair Removal
- Skin Laxity and Resurfacing
- Leg Veins
- Fine Lines and Wrinkles
- Others (Scare, etc.)
- By End User
- Skin Care Clinics
- Others (Cosmetic Centers, etc.)
- By Region
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- South Korea
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of the Middle East & Africa
- North America
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for laser cosmetic surgery service providers, hospitals and clinics, cosmetics centers, government organizations, educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global laser cosmetic surgery market is expected to grow at a CAGR of 14.5% during the forecast period 2022-2028.
Increasing demand for Non-invasive or Minimally Invasive Procedures are some of the key trends in the global laser cosmetic surgery market.
North America is the leading region in the market.
Major companies operating in the global laser cosmetic surgery market include Cutera Inc., Cynosure LLC, Syneron Candela, Solta Medical Inc., Lumenis Ltd., Alma Lasers Ltd., Sciton Inc., Palomar Medical Technologies Inc., Aerolase Corp. etc.