Increasing Prevalence of Skin Disorders and Growing Awareness about Beauty Devices fuel the North America Aesthetic Lasers Market
The increasing prevalence of various disorders such as acne, dermatitis, pigmentation disorders, hair removal, and other skin irregularities such as moles, warts, and skin tags, acne scars are creating the demand for aesthetic laser treatments. As per National Institute of Health, acne is one of the most common types of skin condition affecting ~4.96 million of the global population in 2022, and a surge in such acne conditions is creating the need for aesthetic laser treatment of acne scar removal. Additionally, advancements in the beauty industry, along with changing beauty standards, are creating the demand for aesthetic laser devices. Moreover, the geriatric population is prone to wrinkles, owing to which there is growing demand for toning, antiaging, and skin rejuvenation treatment to suppress the signs of aging. As per The Aesthetic Society, 431,485 skin treatment (combination lasers) procedures were performed globally, which generated a revenue of US$ 171.45 million in 2021. Moreover, increased consumer awareness about skincare treatments led to the surge in skin clinics and medspas that provide affordable skin treatments for various skin conditions, creating the demand for aesthetic laser devices. Additionally, the increase in R&D activities and technological advancement have led to the development of new and innovative products for skincare treatments. In March 2021, Bausch Health Companies Inc. and its Solta Medical business launched the company's next-generation Clear + Brilliant laser in the US. The Clear + Brilliant Touch laser provides a personalized and comprehensive treatment protocol by providing patients of all ages and skin types with the advantages of two wavelengths. By combining two wavelengths with the Original and Perméa handpieces, physicians can deliver a complete treatment during a single appointment. The growing desire to improve appearance attracts several consumers to follow a skincare regime; in severe cases wherein, there is a need to reduce scars instantly, aesthetic medical lasers have gained immense popularity. Thus, the rising demand for laser treatments, body sculpting, and skin tightening promotes the aesthetic lasers market growth.North America Aesthetic Lasers Market Overview
The North America market for aesthetic lasers consists of the US, Canada, and Mexico. The aesthetic lasers market is estimated to have the largest share in the US. The growth of the aesthetic lasers market is due to various factors, such as increase in non-invasive aesthetic procedures and new product launches in the region. In Canada, the growth of the market is expected due to rising strategic investments by international players, increasing the number of aesthetic clinics, and rising awareness regarding aesthetics among large population.North America Aesthetic Lasers Market Revenue and Forecast to 2030 (US$ Million)
North America Aesthetic Lasers Market Segmentation
The North America aesthetic lasers market is segmented based on type, application, end user and country.Based on type, the North America aesthetic lasers market is bifurcated into lasers and non-ablative lasers. The non-ablative lasers segment held a larger market share in 2022.
Based on application, the North America aesthetic lasers market is segmented into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. The facial and skin tightening segment held the largest market share in 2022.
Based on end user, the North America aesthetic lasers market is segmented into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held the largest market share in 2022.
Based on country, the North America aesthetic lasers market is segmented into the US, Canada, and Mexico. The US dominated the North America aesthetic lasers market in 2022.
Aerolase Corp, Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, SharpLight Technologies Ltd, EI EN SpA, Alma Lasers Ltd, Cynosure LLC, and Candela Corp are some of the leading players operating in the North America aesthetic lasers market.
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Executive Summary
At 12.3% CAGR, the North America Aesthetic Lasers Market is Speculated to be worth US$ 2,956.00 million by 2030.According to this research,, the North America aesthetic lasers market was valued at US$ 1,172.05 million in 2022 and is expected to reach US$ 2,956.00 million by 2030, registering a CAGR of 12.3% from 2022 to 2030. Growing adoption of noninvasive aesthetic procedures as well as increasing prevalence of skin disorders and growing awareness about beauty devices are the critical factors attributed to the North America aesthetic lasers market expansion.
Noninvasive aesthetic procedures have recently gained popularity because of astounding results and hardly any side effects. Laser treatment is one of the noninvasive procedures widely used for hair removal, skin rejuvenation, hyperpigmentation, anti-aging treatment, and others. These noninvasive techniques offer a variety of benefits for enhancing skin quality. Some of the most common benefits include improved skin texture and tone, reduced appearance of fine lines and wrinkles, hyperpigmentation, and age spots, and improved overall skin health. As per the Aesthetic Society Report, non-surgical procedures increased by 44% in 2021 compared to 2020. The International Society of Aesthetic Plastic Surgery (ISAPS) defines a cosmetic non-surgical procedure as safe and effective for those willing to undergo subtle augmentation with lower recovery periods. Such non-surgical cosmetic procedures often do not require extensive training, unlike those associated with greater risks. With the growth of medical aesthetics industry, competition is inevitable. It is a heterogeneous industry as the competition is not only among beauty clinics specializing in surgical cosmetic procedures but also among other beauty service providers such as salons. These noninvasive procedures offer benefits such as faster recovery with little risk of complications, no incision or scars, no hospital stay, and low cost of treatment as compared to surgical treatments. Therefore, positive results of noninvasive treatments, increased awareness among a large population, and several advantages offered by the non-invasive treatments drive the aesthetic lasers market growth.
On the contrary, complications and risks associated with procedures and stringent safety regulations hurdles the growth of North America aesthetic lasers market.
Based on type, the North America aesthetic lasers market is bifurcated into ablative lasers and non-ablative lasers. The non-ablative lasers segment held 64.7% market share in 2022, amassing US$ 758.68 million. It is projected to garner US$ 1,942.04 million by 2030 to expand at 12.5% CAGR during 2022-2030.
Based on application, the North America aesthetic lasers market is categorized into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. The facial and skin tightening segment held 23.2% market share in 2022, amassing US$ 272.47 million. It is projected to garner US$ 698.12 million by 2030 to expand at 12.5% CAGR during 2022-2030.
Based on end user, the North America aesthetic lasers market is categorized into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held 44.1% market share in 2022, amassing US$ 517.17 million. It is projected to garner US$ 1,336.58 million by 2030 to expand at 12.6% CAGR during 2022-2030.
Based on country, the North America aesthetic lasers market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.3% share of North America aesthetic lasers market in 2022. It was assessed at US$ 976.39 million in 2022 and is likely to hit US$ 2,492.40 million by 2030, exhibiting a CAGR of 12.4% during 2022-2030.
Key players operating in the North America aesthetic lasers market are Aerolase Corp, Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, SharpLight Technologies Ltd, EI EN SpA, Alma Lasers Ltd, Cynosure LLC, and Candela Corp among others.
In Mar 2022, Lumenis Disrupts the Energy-Based Treatment Category with a New Facial Stimulation Treatment, triLift™, at the 2022 American Academy of Dermatology (AAD. In May 2023, Cutera Announces Agreements with Pura Vida and RTW.
Companies Mentioned
- Aerolase Corp
- Lumenis Be Ltd
- Cutera Inc
- Bausch Health Companies Inc
- Sciton Inc
- SharpLight Technologies Ltd
- EI EN SpA
- Alma Lasers Ltd
- Cynosure LLC
- Candela Corp
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | November 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value in 2022 | 1.17 Billion |
Forecasted Market Value by 2030 | 2.96 Billion |
Compound Annual Growth Rate | 12.3% |
Regions Covered | North America |
No. of Companies Mentioned | 10 |