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Global Aesthetic Laser Global Market Size, Share, Growth and Trends Analysis Report by Product, By End Use, Competitive Landscape and Recent Developments

Kenneth Research has recently added a report titled Global Aesthetic Laser Global Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Aesthetic Laser Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global aesthetic laser market is valued approximately USD 768 million in 2017 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2018-2025. Growing adoption of non-invasive procedures, rising in medical tourism and changing lifestyles of individuals are among the key trends that are responsible for the wide adoption of aesthetic laser market globally.

Global aesthetic laser market is majorly driven escalating adoption of non-surgical procedures among population globally. According to International Society of Aesthetic Plastic surgery, the escalating adoption of non-surgical procedures are on surging trend in United States. In the year 2016, the leading non-surgical procedures included Photo-rejuvenation, laser tattoo removal, Hyaluronic acid. According to International Society of Aesthetic Plastic surgery, laser tattoo removal accounted for 14,124 procedures, hair removal accounted for 166,254 procedure and photo rejuvenation accounted for 154,770.

Similarly, according to International Society of Aesthetic Plastic surgery, Italy aesthetic non-surgical procedures has been on the constant rise & is one of the leading countries in the European Union. According to International Society of Aesthetic Plastic Surgery, the aesthetic non- surgical procedures accounted for 502,469 in the year 2016 in Italy. According to International Society of Aesthetic Plastic surgery, the Botulinum toxin accounted for 234,294 procedures, Hyaluronic acid accounted for 250,648 procedures, and Calcium Hydroxyapatite accounted for 4317 procedures and Poly-L-Lactic acid accounted for 3009 procedures. Hence, rising number of aesthetic procedures shows high adoption of aesthetic laser procedure thereby, supplementing the growth of the aesthetic laser market over the forecast period.

However, stringent safety regulation for aesthetic procedures is expected to hinder the growth of the market.
On the basis of segmentation, the aesthetic laser market is segmented into type, application and end-user. The type segment of global aesthetic laser market is classified into standalone lasers and multiplatform lasers of which standalone lasers holds the leading position in terms of revenue owing to its advantages such as ease of use and simplicity of functioning. Based on application segment, global aesthetic laser market is classified into hair removal, skin rejuvenation, pigmented lesion & tattoo removal, leg and varicose veins, vascular lesions, acne and scars, hair removal and other applications. The end-user segment includes hospitals, private clinics and medical spAs.

The regional analysis of aesthetic laser market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America have occupied major share in the global aesthetic laser market. Major reason for the dominance of North America are growing number of aesthetic laser procedures coupled with the rising healthcare expenditure. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific is witnessed owing to increasing medical tourism, changing lifestyles and rising incidences of skin damage.

The leading market players include-
Cynosure, Inc.
Syneron Medical Ltd.
Lumenis Ltd.
Cutera, Inc.
Solta Medical, Inc.
El.En SpA
Alma Lasers
Sciton, Inc.
Aerolase
Sharplight Technologies Ltd.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Standalone Lasers
Carbon Dioxide laser
Diode Lasers
Er: YAG (Erbium YAG) laser
Alexandrite Lasers
Neodymium Yttrium Aluminum Garnet laser
Pulsed Dye Lasers
Other Standalone Lasers
Multiplatform Lasers

By Application:
Hair Removal
Skin Rejuvenation
Pigmented Lesion & Tatto Removal
Leg and Varicose veins
Vascular Lesions, Acne and Scars
Hair Removal
Other applications

By End user:
Hospitals
Private clinics
Medical SpAs

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa

Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Aesthetic laser Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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