The Cosmetic Lasers Market is all set to go great guns in the forecast period. Big data makes way for real-time data visualization, thereby identifying the high-risk populations. Healthcare organizations are into sharing more data. This creation and collection of bigger datasets are likely to increase precision and help organizations in spotting trends. These trends are expected to keep the entire healthcare vertical on the toes.
The Cosmetic Lasers Market report by Persistence Market Research goes by the changing trend of consumerism all across the healthcare vertical. “Going cashless” is amongst the “new” normals. Inorganic growth has also picked up. Key participants of the healthcare value chain – both – private and public – have joined hands for competing in the ever-demanding landscape.
A cosmetic laser is a non-invasive therapy used for skin treatment. The cosmetic laser treatment is an aesthetic procedure usually used for skin rectification, and treat the skin irregularities such as acne scars or blemishes, also used to treat the skin damage and skin cancer (melanoma skin cancer). According to WHO, the International Agency of Research on Cancer report, in 2020 around 3,24,635 new melanoma skin cancer cases were estimated worldwide.
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Significant increase in preference for non-invasive treatment and technical advancement in laser technologies have fueled the cosmetic lasers market growth. Also, surge in adoption for non-aesthetic procedures, increasing cases of skin damages, reduced procedural expenses are some of the factors propelling the cosmetic lasers market growth. Additionally, some other factors like development of laser technology, increasing ageing population with an increased focus on body appearance among men as well as women and rising medical tourism expects to boost the cosmetic lasers market during the forecast period.
Conversely, less emphasis of manufacturers on the aesthetic devices, strict safety guidelines for usage of cosmetic lasers may hamper the growth of the market. Additionally, sale of counterfeit products and lack of reimbursement are the restraining factors anticipated to hamper the growth of cosmetic lasers market.
Market Segmentation:
Globally the cosmetic lasers market is segmented based on its product type, modality, application, end-users, and region.
Based on product the cosmetic lasers market is segmented as:
- Ablative
- Non-ablative
Based on modality the cosmetic lasers market is segmented as:
- Stand alone
- Pulsed Dye Laser (PDL)
- Er: YAG (Erbium YAG) laser
- Carbon Dioxide Laser (CO2)
- Erbium, Intense Pulsed Light (IPL)
- Radiofrequency
- Infrared
- Alexandrite lasers
- Others
- Multiplatform
Based on the application, the cosmetic lasers market is segmented as:
- Hair removal,
- Skin Rejuvenation
- Scar and Acne
- Pigmented Lesions & Tattoo Removal
- Body Contouring
- Others
Based on end-users, the cosmetic lasers market is segmented as:
- Hospitals,
- Skin Care Clinics
- Cosmetic Surgical Centers
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Skin Rejuvenation segment expects to gain traction over the other application in the cosmetic lasers market owing to the growing adoption of aesthetic procedure, growing incidence of skin disorders, and rising awareness for personal care and look. The skincare clinics segment hold the highest share in the cosmetic lasers market owing to the rising disposable income and increasing number of clinics in the emerging countries.
North America is expected to account the largest market value share in the cosmetic lasers market owing to rising preference for an aesthetic procedure and advanced laser treatments, and growing ageing population. Europe’s cosmetic lasers market is expected to gain significant traction with an increase in awareness of physical alteration.
Asia Pacific region is anticipated to witness the lucrative opportunity out-turning the cosmetic lasers treatment due to the rising incidence rate of skin damage, increasing medical tourism in the region.
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Key players:
- Bausch & Lomb Inc.
- Scitron Inc.
- Alma Lasers, Ltd.
- Cynosure, Inc.
- Alma lasers
- Candela Corporation
- Mindray DS USA Inc.
- Lumenis
- Medicure Group of Companies
- ALS Meditek
- En. S.P.a.
- Fukuda Denshi
- Sharplight Technologies Inc.
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