How Will The Cosmetic Lasers Market Size Grow In The Coming Years?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest cosmetic lasers market share in 2022.
The global cosmetic lasers market size will grow from $2.42 billion in 2022 to $2.93 billion in 2023 at a compound annual growth rate (CAGR) of 21.0%. The cosmetic lasers market size is expected to grow to $5.89 billion in 2027 at a CAGR of 19.1%.
Major Driver In The Cosmetic Lasers Market – Rise In Medical Tourism
The widespread availability of high-quality, low-cost treatment choices is driving demand for medical tourism, which provides better facilities and skilled doctors for more effective treatment and care at a lower cost. The development in medical tourism, particularly cosmetic surgery medical tourism, is expected to drive up demand for cosmetic lasers. According to 2021 research by Health Care Insider, a privately held organization that helps consumers make smarter healthcare decisions, 290,000 Americans traveled to another country for medical operations in 2020. Around 3% of Americans who traveled abroad in 2020 did so for medical reasons. As a result, the growing medical tourism business is expected to boost demand for cosmetic lasers.
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Key Cosmetic Lasers Market Segments
1) By Type: Standalone Lasers, Multiplatform Lasers
2) By Modality: Pulsed Dye Laser (PDL), YAG Laser, Carbon Dioxide Laser, Erbium, Intense Pulsed Light (IPL), Radiofrequency, Infrared, Other Modalities
3) By Application: Hair Removal, Skin Resurfacing, Vascular Lesions, Scar and Acne Removal , Body Contouring, Other Applications
4) By End User: Hospitals, Skin care clinics, Cosmetics Surgical Centre
Recent Cosmetic Lasers Market Trend – Developing Innovative And Technologically Advanced Products
For example, Lumenis, an Israeli manufacturer of minimally invasive therapeutic solutions for the cosmetic, surgical, and ophthalmology markets, announced LightSheer Quattro in January 2020, a product that provides hair removal treatment for all skin types.
Cosmetic Lasers Market Prominent Players
Major players in the cosmetic lasers market are Cutera Inc., Cynosure Inc., Lumenis, Aerolase Corporation, ALMA LASERS Ltd., Sciton Inc., Syneron Candela, Solta Medical International Inc., ElEn SpA, Lynton Lasers Ltd., Medicure Group Of Companies, Thermage, ALLTEC GmbH (FOBA), Mentor, Fotona, Allergan Inc., and Galderma Laboratories LP.
Request A Sample Of The Global Cosmetic Lasers Market Report 2023:
The Cosmetic Lasers Global Market Report 2023 provides a comprehensive overview on the cosmetic lasers market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cosmetic lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
A cosmetic laser is a technology that is used to eliminate facial wrinkles and skin abnormalities like acne scars or blemishes. By delivering highly concentrated light into the hair follicles, cosmetic lasers can also be used to remove unwanted hair from the body.
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