The using of cosmetic laser therapy helps in reducing facial wrinkles; skin irregularities associated to blemishes or acne scars. Moreover, this technique further directs brief, and concentrated pulsating light beams on the uneven skin surfaces that precisely helps in removing the skin layer over different layers and it is further known as laser peel, lasabrasion technique, or laser vaporization.
According to study, “Cosmetic Laser Market by Product (Ablative, Non-ablative), Modality (Pulsed Dye Laser (PDL), YAG laser, Carbon Dioxide Laser (CO2), Erbium, Intense Pulsed Light (IPL), Radiofrequency, Infrared, and Others), Application (Hair removal, Skin Resurfacing, Vascular Lesions, Scar and Acne Removal, Body Contouring, and Others), and End-User (Hospitals, Skin Care Clinics, and Cosmetic Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global cosmetic laser market are Alma, Cynosure, Deka, Candela, Cutera, Hoyoconbio, Lumensis, Palomar, and Syneron, Aerolase Corporation Sciton, Inc., AerolaseEl.En. Spa Lumenis Ltd., Sharp Light Technologies, Syneron Medical Inc., Fosun Pharmaceutical, and Solta Medical.
Based on the product, cosmetic laser market is bifurcated as ablative, non-ablative, and laser. Based on modality, market is bifurcated asIntense pulsed light (IPL), YAG laser, pulsed dye laser (PDL), carbon dioxide laser (CO2), erbium, radiofrequency, infrared, and others. Based on application, market is bifurcated as hair removal, vascular lesions, skin resurfacing, scar & acne removal, body contouring, and others. The body contouring segment dominates the market due to surge in awareness among persons toward self-grooming and getting their bodies in shape. In addition, based on end-users, market is bifurcated as skin care clinics, hospitals, and cosmetic surgical centers.
The cosmetic laser market is primarily driven by increase in preference for non-aesthetic procedures, followed by the increase in focus on body appearance among both women and men, growth in technical advancements in laser technology, rise in incidence of skin damages, increase in medical tourism & changing lifestyles, surge in adoption of the non-invasive procedures, and reduced procedural expenses, growth in implementation of aesthetic procedures, rise in advancement of laser technology, and high disposable income. However, strict regulations by governments on the use of cosmetic lasers, less emphasis of manufacturers on aesthetic devices, and lack of reimbursement may impact the market.
Based on geography, the North-American is a leading region in global cosmetic laser market owing to easy availability of cosmetic laser, favorable reimbursement in healthcare system and higher number of target population in the region. Whereas, the Asian-Pacific region is anticipated to exhibit significant growth rate due to rise in promotional activities related to cosmetic lasers over the forecast period. In upcoming years, it is projected that future of the market will be bright on account of availability over the wide range of treatment options and continual expansion of the cosmetic industry during the forecast period. The global cosmetic laser market size was valued at US $1,819.49 million in 2018 and is likely to reach US $5,416.70 million by 2026, registering a CAGR of 14.5% from 2019-2026.
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Ankur Gupta, Head Marketing & Communications