Competition Scenario in Global Aesthetic Laser Device Market
The Global Aesthetic Laser Device market is fairly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche product ranges. The Aesthetic Laser Device market’s growth is heavily reliant on the adoption of new technologies and advancements in the types of devices being made available to the end users as well as the safety and effectiveness of the procedures performed.
Country-Niche players constitute about ~40% of the competitors, while regional players hold a share of ~35% in terms of the number of competitors. Some of the major players in the market include Cynosure, Inc., Aerolase Corp., Lumenis Be Ltd., Sciton, Solta Medical, SharpLight Technologies Ltd., Cutera, Alma Lasers, Candela Corporation, El.En. S.p.A., Rohrer Aesthetics, Inc. among others.
What is the Expected Future Outlook for the Overall Global Aesthetic Laser Device Market Across the globe?
The Global Aesthetic Laser Device market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global Aesthetic Laser Device market is driven by the rising spending & awareness by the consumers of their physical appearances, technical advancements in such treatments, and the increasing affordability of such procedures. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
With the increasing innovation and emergence of new products, the Global Aesthetic Laser Device market is changing rapidly. For instance, In June 2022, Cynosure launched an upgrade to its PicoSure platform with the PicoSure Pro device which is the only FDA-approved 755nm picosecond laser in the US market. The device is used for skin revitalization and unwanted pigmentation.
In March 2022, Aerolase extended its universal laser technology treatment range through a partnership with French device maker Clarteis SAS and launched Exci308TM, a handheld excimer phototherapy device.
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Furthermore, In Jan 2022, Lumenis launched the Splendor X device which can be used for pigmented lesions, treatment of wrinkles, vascular treatment, and hair removal. The device uses BLEND X technology and 755nm wavelength. In addition to that, In December 2021, Cutera launched the truSculpt flex+ an upgradation to its truSculpt flex muscle building technology. The new technology is a rapid treatment mode and will reduce the treatment time to a fraction of what it was taking earlier. The global Aesthetic Laser device market is forecasted to continue its stable growth since 2017. One of the major trends driving market expansion is the spiraling demand for minimally invasive procedures as well as the growing awareness and trust of the consumers for such procedures. Though the market is fairly competitive with ~100 participants, few global players control the dominant share in terms of market revenue and regional players also hold a significant share.
Market Taxonomy
By Type
- Standalone Lasers
- Multiplatform Laser
- Others
By Application
- Hair Removal
- Skin Rejuvenation
- Vascular Lesions, Acne & Scars
- Pigmented Lesion & Tattoo Removal
- Leg & Varicose Veins
- Other Applications
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By End User
- Hospitals
- Private Clinics
- Medical Spas
- Others
By Geography
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific)
- LAMEA (Latin America, Middle East, and Africa)
Key Companies
- Cynosure, Inc.
- Aerolase Corp.
- Lumenis Be Ltd.
- Sciton
- Solta Medical
- SharpLight Technologies Ltd.
- Cutera
- Alma Lasers
- Candela Corporation
- El.En. S.p.A.
- Rohrer Aesthetics, Inc.
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