This report describes and evaluates the global cosmetic lasers market. It covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026 to 2031.
The global cosmetic lasers market reached a value of nearly $1,478.1 million in 2021, having increased at a compound annual growth rate (CAGR) of 4.6% since 2016. The market is expected to grow from $1,478.1 million in 2021 to $1,863.2 million in 2026 at a rate of 4.7%. The market is then expected to grow at a CAGR of 5.0% from 2026 and reach $2,373.6 million in 2031.
Growth in the historic period resulted from growth in cosmetics procedures, a rise in medical tourism, growing adoption of minimally invasive surgical procedures, increased focus on developing advanced products, rising incidences of skin diseases, and rising prevalence polycystic ovary syndrome (PCOS). Factors that negatively affected growth in the historic period were the high cost of surgeries and social stigma associated with cosmetic treatments.
Going forward, rising urbanization, rising ageing population, increased focus on developing advanced products, a rise in demand for body contouring, and rising disposable personal income will drive market growth. Factors that could hinder the growth of the cosmetic lasers market in the future include stringent safety regulations for cosmetic lasers and shortages of plastic surgery workforce.
The cosmetic lasers market is segmented by type into standalone lasers and multiplatform lasers. The standalone lasers was the largest segment of the cosmetic lasers market by type, accounting for $973.1 million or 65.8% of the total market in 2021. The multiplatform lasers market is expected to be the fastest-growing segment going forward at a CAGR of 34.2%.
The cosmetic lasers market is also segmented by application into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring, and other application. The hair removal was the largest segment of the cosmetic lasers market by application, accounting for $490.13 million or 33.2% of the total market in 2021. The scar and acne removal market is expected to be the fastest-growing segment going forward at a CAGR of 4.88%.
The cosmetic lasers market is also segmented by laser into YAG laser, carbon dioxide laser, erbium, intense pulsed light (IPL), radiofrequency, and other lasers. The other lasers market was the largest segment of the cosmetic lasers market by laser, accounting for $473.1 million or 32.0% of the total market in 2021. It is expected to be the fastest-growing segment going forward at a CAGR of 4.86%.
The cosmetic lasers market is also segmented by end user into hospitals, skin care clinics, cosmetics surgical centers and others. The skin care clinics market was the largest segment of the cosmetic lasers market by end user, accounting for $802.3 million or 54.3% of the total market in 2021. It is expected to be the fastest-growing segment going forward at a CAGR of 5.1%.
North America was the largest region in the cosmetic lasers market, accounting for 37.4% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the cosmetic lasers market will be Eastern Europe and the Asia Pacific, where growth will be at CAGRs of 6.5% and 6.0% respectively from 2021-2026.
The global cosmetic lasers market is concentrated, with a small number of major players. The top ten competitors in the market made up to 87.62% of the total market in 2021. Major players in the market include Cynosure Inc., Lumenis, Candela Medical, Solta Medical International Inc., Cutera Inc. and others.
The top growth potential in the cosmetic lasers market by type will arise in the standalone lasers market, which will gain $38.1 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by application will arise in the hair removal market, which will gain $134.4 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by laser will arise in other lasers market, which will gain $126.8 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by end user will arise in skin care clinics market, which will gain $225.2 million of global annual sales by 2026. The cosmetic lasers market size will gain the most in the USA at $113.3 million.
Market-trend-based strategies for the cosmetic lasers market include invest in developing IoT (Internet of Things) linked cosmetic laser devices, consider providing robotic cosmetic laser systems, invest in 3D printing technology, focus on developing advanced products, and consider strategic acquisition.
Player-adopted strategies in the cosmetic lasers industry includes expanding portfolio through strategic acquisition, strengthening portfolio by launch of new products, and expanding through strategic collaboration
To take advantage of the opportunities, the publisher reccomends the cosmetic lasers companies to invest in 3D printing technology, focus on use of robotics, consider strategic acquisitions, expand in developed markets, set up authorized distributors and sales representatives, offer competitively priced products, leverage social media, participate in trade shows and events and target millennials.
The global cosmetic lasers market reached a value of nearly $1,478.1 million in 2021, having increased at a compound annual growth rate (CAGR) of 4.6% since 2016. The market is expected to grow from $1,478.1 million in 2021 to $1,863.2 million in 2026 at a rate of 4.7%. The market is then expected to grow at a CAGR of 5.0% from 2026 and reach $2,373.6 million in 2031.
Growth in the historic period resulted from growth in cosmetics procedures, a rise in medical tourism, growing adoption of minimally invasive surgical procedures, increased focus on developing advanced products, rising incidences of skin diseases, and rising prevalence polycystic ovary syndrome (PCOS). Factors that negatively affected growth in the historic period were the high cost of surgeries and social stigma associated with cosmetic treatments.
Going forward, rising urbanization, rising ageing population, increased focus on developing advanced products, a rise in demand for body contouring, and rising disposable personal income will drive market growth. Factors that could hinder the growth of the cosmetic lasers market in the future include stringent safety regulations for cosmetic lasers and shortages of plastic surgery workforce.
The cosmetic lasers market is segmented by type into standalone lasers and multiplatform lasers. The standalone lasers was the largest segment of the cosmetic lasers market by type, accounting for $973.1 million or 65.8% of the total market in 2021. The multiplatform lasers market is expected to be the fastest-growing segment going forward at a CAGR of 34.2%.
The cosmetic lasers market is also segmented by application into hair removal, skin resurfacing, vascular lesions, scar and acne removal, body contouring, and other application. The hair removal was the largest segment of the cosmetic lasers market by application, accounting for $490.13 million or 33.2% of the total market in 2021. The scar and acne removal market is expected to be the fastest-growing segment going forward at a CAGR of 4.88%.
The cosmetic lasers market is also segmented by laser into YAG laser, carbon dioxide laser, erbium, intense pulsed light (IPL), radiofrequency, and other lasers. The other lasers market was the largest segment of the cosmetic lasers market by laser, accounting for $473.1 million or 32.0% of the total market in 2021. It is expected to be the fastest-growing segment going forward at a CAGR of 4.86%.
The cosmetic lasers market is also segmented by end user into hospitals, skin care clinics, cosmetics surgical centers and others. The skin care clinics market was the largest segment of the cosmetic lasers market by end user, accounting for $802.3 million or 54.3% of the total market in 2021. It is expected to be the fastest-growing segment going forward at a CAGR of 5.1%.
North America was the largest region in the cosmetic lasers market, accounting for 37.4% of the global market in 2021. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the cosmetic lasers market will be Eastern Europe and the Asia Pacific, where growth will be at CAGRs of 6.5% and 6.0% respectively from 2021-2026.
The global cosmetic lasers market is concentrated, with a small number of major players. The top ten competitors in the market made up to 87.62% of the total market in 2021. Major players in the market include Cynosure Inc., Lumenis, Candela Medical, Solta Medical International Inc., Cutera Inc. and others.
The top growth potential in the cosmetic lasers market by type will arise in the standalone lasers market, which will gain $38.1 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by application will arise in the hair removal market, which will gain $134.4 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by laser will arise in other lasers market, which will gain $126.8 million of global annual sales by 2026. The top growth potential in the cosmetic lasers market by end user will arise in skin care clinics market, which will gain $225.2 million of global annual sales by 2026. The cosmetic lasers market size will gain the most in the USA at $113.3 million.
Market-trend-based strategies for the cosmetic lasers market include invest in developing IoT (Internet of Things) linked cosmetic laser devices, consider providing robotic cosmetic laser systems, invest in 3D printing technology, focus on developing advanced products, and consider strategic acquisition.
Player-adopted strategies in the cosmetic lasers industry includes expanding portfolio through strategic acquisition, strengthening portfolio by launch of new products, and expanding through strategic collaboration
To take advantage of the opportunities, the publisher reccomends the cosmetic lasers companies to invest in 3D printing technology, focus on use of robotics, consider strategic acquisitions, expand in developed markets, set up authorized distributors and sales representatives, offer competitively priced products, leverage social media, participate in trade shows and events and target millennials.
Table of Contents
1. Cosmetic Lasers Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Cosmetic Lasers Market Characteristics
8. Cosmetic Lasers Market Trends And Strategies
9. Impact of COVID-19 on Cosmetic Lasers Market
10. Global Cosmetic Lasers Market Size And Growth
11. Global Cosmetic Lasers Market Segmentation
12. Cosmetic Lasers Market, Regional And Country Analysis
13. Asia-Pacific Cosmetic Lasers Market
14. Western Europe Cosmetic Lasers Market
15. Eastern Europe Cosmetic Lasers Market
16. North America Cosmetic Lasers Market
17. South America Cosmetic Lasers Market
18. Middle East Cosmetic Lasers Market
19. Africa Cosmetic Lasers Market
20. Global Cosmetic Lasers Market Competitive Landscape
21. Key Mergers And Acquisitions In The Cosmetic Lasers Market
22. Cosmetic Lasers Market Opportunities And Strategies
23. Cosmetic Lasers Market, Conclusions And Recommendations
24. Appendix
Executive Summary
Cosmetic Lasers Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global cosmetic lasers market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for cosmetic lasers? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The Cosmetic Lasers market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Cosmetic Lasers market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type, segmentation by application, segmentation by laser, and segmentation by end-user.
- Market Characteristics - The market characteristics section of the report defines and explains the cosmetic lasers market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global cosmetic lasers market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the cosmetic lasers market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2031) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global cosmetic lasers market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for cosmetic lasers providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Standalone Lasers; Multiplatform Lasers
- 2) By Application: Hair Removal; Skin Resurfacing; Vascular Lesions; Scar And Acne Removal; Body Contouring; Other Application
- 3) By Lasers: YAG laser; Carbon Dioxide Laser; Erbium; Intense Pulsed Light (IPL); Radiofrequency; Other Lasers
- 4) By End-user: Hospitals; Skin Care Clinics; Cosmetics Surgical Centers; Others
Companies Mentioned:
Cynosure Inc.; Lumenis; Candela Medical; Solta Medical International Inc.; Cutera Inc.
Countries:
China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; Cosmetic Lasers indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Cynosure Inc.
- Lumenis
- Candela Medical
- Solta Medical International Inc.
- Cutera Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1478.1 Million |
| Forecasted Market Value ( USD | $ 2373.6 Million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
