The Global Aesthetic Laser Market Growth to Elevate at 10.54% CAGR by 2026
“According to the new market research report published by Inkwood Research, the global aesthetic laser market is growing at a CAGR of 10.54% throughout the forecasting years of 2018-2026.”
“Browse 23 market Data Tables and 37 Figures spread over 220 Pages, along with an in-depth TOC on global aesthetic laser market forecast 2018-2026”
Aesthetic lasers are used for treating various skin conditions such as scars, acne, cellulite, skin discoloration, spider veins, and others. The laser-based devices are utilized by end-users particularly, hospitals, private clinics, medical spas, and multi-speciality centers for non-surgical treatments namely, hair removal, skin rejuvenation, vascular lesions, pigmentation & tattoo removal, among others. The laser treatments are gaining popularity among people due to its numerous benefits like faster recovery time, less pain, and small & precise incisions. As a result of rising demand for non-surgical skin treatments, many end-users are investing huge capital in the technology and driving the growth of the aesthetic laser market.
Rising Elderly Population Develops the Aesthetic Laser Market Globally
The increasing geriatric population on a global scale leads to rising conditions of skin problems like wrinkles, dryness, age spots, thinning of the epidermis, and other skin flaws. The increasing beauty consciousness among people coupled with these skin issues surges demand for non-surgical skin treatments, thereby boosting the aesthetic laser market growth. Also, the high disposable income of people and shifting inclination towards minimally invasive/non-invasive further drives the cosmetic laser market.
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Hair Removal is the Popular Application in the Aesthetic Laser Market
The aesthetic laser is highly adopted for hair removal because it provides long term solution for unwanted hair compared to conventional or traditional methods of waxing, shaving and tweezing. It also helps prevent and eliminate ingrown hair. Moreover, aesthetic laser-driven hair removal is less painful than other methods. Also, the growing consciousness about appearance among people, especially women further surge the high adoption of cosmetic laser for hair removal, in turn, elevating the market growth.
North America Dominates the Global Aesthetic Laser Market
North America holds the largest share of aesthetic laser market, owing to factors such as high disposable income and rising adoption of non-surgical cosmetic procedures. With the growing disposable and changing standard of living, the consumer base for cosmetic surgeries is widening to enhance appearance. Also, people in the region prefer non-invasive procedures, thereby propelling the demand for aesthetic lasers.
The leading players in the global market are Aerolase, Cutera Inc., Inmode Aesthetic Solutions, Lynton Lasers Ltd., Solta Medical, Viora, Alltech GMBH, Fotona, Lutronic Corporation, SharpLight Technologies Inc., Syneron Candela, Alma Laser Inc., Cynosure, Lumenis Ltd., Sciton Inc. and Strata Skin Sciences Inc.
The dominant players focus on various strategies like partnerships, new product launch, mergers & acquisitions and expansion. The high capital investment at the initial stage and stringent government regulations pose as entry-level barriers for new entrants in the market.
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