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Laser Resurfacing Market By Type, By Application, By Gender, By Provider: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 240 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725052
The global laser resurfacing market was valued at $283.6 million in 2021, and is projected to reach $649.9 million by 2031, registering a CAGR of 8.7% from 2022 to 2031. Laser resurfacing is a cosmetic or aesthetic rejuvenation procedure that uses a laser to enhance the skin's look or cure minor facial defects. Both ablative and non-ablative lasers or other light sources can be used. Ablative lasers destroy the skin's thin outer layer (epidermis) and heat the skin underneath (dermis), which encourages the synthesis of collagen, a protein that enhances the firmness and smoothness of the skin. The treated part appears smoother and tighter as the epidermis recovers. Ablative therapy methods include carbon dioxide (CO2) laser, erbium laser, and combination systems. Non-ablative laser or light source is also used for stimulation of collagen growth. It is a less aggressive approach than an ablative laser and has a shorter recovery time. But the results are less noticeable. Types include pulsed-dye laser, erbium, and intense pulsed light (IPL) therapy.

The laser resurfacing market is driven by rise in shift of customers toward minimally invasive and non-invasive procedures, increase in number of non-surgical aesthetic procedures such as ablative and non-ablative laser resurfacing treatment and other. Moreover, rise in awareness regarding skin health, and surge in expenditure on human healthcare services boosts the growth of the market. For instance, according to a report by the American society of plastic surgeons (ASPS), in 2020, it was reported that around 16 million cosmetic procedures were conducted, globally. As per the same source, it was also reported that consumers spent approximately $20 billion on facial aesthetics procedures globally. Moreover, according to a report shared by American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) in February 2022, total number of surgical and non-surgical procedures was 1.4 million in 2021, and have increased by 40% than 2020.

In addition, rise in the number of ablative and non-ablative laser resurfacing procedure is anticipated to fuel the growth of the market. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), it was reported that, around 225,141 full field ablative procedures were performed by plastic surgeon over the globe in 2020. As per the same source, it was reported that 190,978 field ablative procedures were performed by plastic surgeon over the globe in 2019. It has increased by 17.9% from 2019 to 2020. Thus, rise in the number of ablative and non-ablative laser resurfacing procedures is anticipated to drive the growth of laser resurfacing market.

Moreover, rise in geriatric population, increase in awareness among people regarding laser resurfacing and rise in adoption of facial aesthetic procedure for improving physical appearance are anticipated to drive the demand of laser resurfacing market. In addition, rise in product launch and product approval for laser resurfacing boosts the market growth. In addition, key player who manufactures laser resurfacing devices are adopting key strategies such as collaboration, acquisition, agreement, business expansion and partnership are anticipated to drive the growth of the market.
On the other hand, high cost associated with laser resurfacing treatment and side effects of laser resurfacing hinder the market growth. The global laser resurfacing market is segmented on the basis of type, gender, application, provider, and region. By type, the market is segmented into non-ablative and ablative. By gender, it is bifurcated into male and female. Based on application market is divided into wrinkles and scar, aging hands, sagging skin and others. By provider, the market is divided into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major companies that operate in the global laser resurfacing market include Aesthetic Solutions Inc., Alma laser, Cutis Dermatology, Elan aesthetics Inc., Estique clinic, Glow Anti-Aging Clinic., SpaMedical., Lynton Lasers Ltd. Pure Luxe Medical, and Venus Treatments.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser resurfacing market analysis from 2021 to 2031 to identify the prevailing laser resurfacing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the laser resurfacing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global laser resurfacing market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Application

  • Wrinkles and scar
  • Aging Hands
  • Sagging skin
  • Others

By Gender

  • Male
  • Female

By Provider

  • Others
  • Specialty and Dermatology Clinics
  • Hospitals

By Type

  • Non Ablative
  • Ablative

By Region

  • North America
  • U. S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • Colombia
  • Rest of LAMEA

Key Market Players

  • Alma Laser, Inc
  • Aesthetic Solutions Inc.
  • Cutis Dermatology
  • Elan aesthetics Inc
  • Estique clinic
  • Glow Anti-Aging Clinic
  • Lynton Lasers Ltd
  • Pure Luxe Medical
  • Venus Treatments
  • SpaMedical

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: LASER RESURFACING MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Non Ablative
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Ablative
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: LASER RESURFACING MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Wrinkles and scar
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Aging Hands
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Sagging skin
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country

CHAPTER 6: LASER RESURFACING MARKET, BY GENDER
6.1 Overview
6.1.1 Market size and forecast
6.2 Male
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Female
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: LASER RESURFACING MARKET, BY PROVIDER
7.1 Overview
7.1.1 Market size and forecast
7.2 Specialty and Dermatology Clinics
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Hospitals
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Others
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country

CHAPTER 8: LASER RESURFACING MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Type
8.2.3 North America Market size and forecast, by Application
8.2.4 North America Market size and forecast, by Gender
8.2.5 North America Market size and forecast, by Provider
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Type
8.2.6.1.3 Market size and forecast, by Application
8.2.6.1.4 Market size and forecast, by Gender
8.2.6.1.5 Market size and forecast, by Provider
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Type
8.2.6.2.3 Market size and forecast, by Application
8.2.6.2.4 Market size and forecast, by Gender
8.2.6.2.5 Market size and forecast, by Provider
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Type
8.2.6.3.3 Market size and forecast, by Application
8.2.6.3.4 Market size and forecast, by Gender
8.2.6.3.5 Market size and forecast, by Provider
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Type
8.3.3 Europe Market size and forecast, by Application
8.3.4 Europe Market size and forecast, by Gender
8.3.5 Europe Market size and forecast, by Provider
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Type
8.3.6.1.3 Market size and forecast, by Application
8.3.6.1.4 Market size and forecast, by Gender
8.3.6.1.5 Market size and forecast, by Provider
8.3.6.2 France
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Type
8.3.6.2.3 Market size and forecast, by Application
8.3.6.2.4 Market size and forecast, by Gender
8.3.6.2.5 Market size and forecast, by Provider
8.3.6.3 UK
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Type
8.3.6.3.3 Market size and forecast, by Application
8.3.6.3.4 Market size and forecast, by Gender
8.3.6.3.5 Market size and forecast, by Provider
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Type
8.3.6.4.3 Market size and forecast, by Application
8.3.6.4.4 Market size and forecast, by Gender
8.3.6.4.5 Market size and forecast, by Provider
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Type
8.3.6.5.3 Market size and forecast, by Application
8.3.6.5.4 Market size and forecast, by Gender
8.3.6.5.5 Market size and forecast, by Provider
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Type
8.3.6.6.3 Market size and forecast, by Application
8.3.6.6.4 Market size and forecast, by Gender
8.3.6.6.5 Market size and forecast, by Provider
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Type
8.4.3 Asia-Pacific Market size and forecast, by Application
8.4.4 Asia-Pacific Market size and forecast, by Gender
8.4.5 Asia-Pacific Market size and forecast, by Provider
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Type
8.4.6.1.3 Market size and forecast, by Application
8.4.6.1.4 Market size and forecast, by Gender
8.4.6.1.5 Market size and forecast, by Provider
8.4.6.2 Japan
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Type
8.4.6.2.3 Market size and forecast, by Application
8.4.6.2.4 Market size and forecast, by Gender
8.4.6.2.5 Market size and forecast, by Provider
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Type
8.4.6.3.3 Market size and forecast, by Application
8.4.6.3.4 Market size and forecast, by Gender
8.4.6.3.5 Market size and forecast, by Provider
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Type
8.4.6.4.3 Market size and forecast, by Application
8.4.6.4.4 Market size and forecast, by Gender
8.4.6.4.5 Market size and forecast, by Provider
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Type
8.4.6.5.3 Market size and forecast, by Application
8.4.6.5.4 Market size and forecast, by Gender
8.4.6.5.5 Market size and forecast, by Provider
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Type
8.4.6.6.3 Market size and forecast, by Application
8.4.6.6.4 Market size and forecast, by Gender
8.4.6.6.5 Market size and forecast, by Provider
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Type
8.5.3 LAMEA Market size and forecast, by Application
8.5.4 LAMEA Market size and forecast, by Gender
8.5.5 LAMEA Market size and forecast, by Provider
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Type
8.5.6.1.3 Market size and forecast, by Application
8.5.6.1.4 Market size and forecast, by Gender
8.5.6.1.5 Market size and forecast, by Provider
8.5.6.2 Saudi Arabia
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Type
8.5.6.2.3 Market size and forecast, by Application
8.5.6.2.4 Market size and forecast, by Gender
8.5.6.2.5 Market size and forecast, by Provider
8.5.6.3 Colombia
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Type
8.5.6.3.3 Market size and forecast, by Application
8.5.6.3.4 Market size and forecast, by Gender
8.5.6.3.5 Market size and forecast, by Provider
8.5.6.4 Rest of LAMEA
8.5.6.4.1 Key market trends, growth factors and opportunities
8.5.6.4.2 Market size and forecast, by Type
8.5.6.4.3 Market size and forecast, by Application
8.5.6.4.4 Market size and forecast, by Gender
8.5.6.4.5 Market size and forecast, by Provider

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Alma Laser, Inc
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Aesthetic Solutions Inc.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Cutis Dermatology
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Elan aesthetics Inc
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Estique clinic
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Glow Anti-Aging Clinic
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Lynton Lasers Ltd
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Pure Luxe Medical
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Venus Treatments
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 SpaMedical
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Laser Resurfacing Market,' the laser resurfacing market size was valued at $283.6 million in 2021, and is estimated to reach $649.9 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.Laser resurfacing employs lasers to tighten skin, eliminate benign (non-cancerous) and malignant lesions, lessen the appearance of wrinkles and scars, even out skin coloration (pigmentation), and minimize the appearance of wrinkles and scars. The uneven skin is exposed to brief, focused, pulsating light beams using the laser method. By vaporizing the skin, laser skin resurfacing eliminates it very accurately, layer by layer. The epidermis, the top layer of your skin, is removed by lasers while the dermis, the layer beneath, is heated. New skin that is smoother and firmer is produced as a result of the lasers' stimulation of the creation of new collagen fibers. Other names for this common practice include Las abrasion, laser peel, and laser vaporization.

Laser resurfacing market is driven by increase in the number of product launch and product approvals for laser resurfacing, increase in the awareness among the people regarding aesthetic appearance. For instance, in April 2022, Cutera, a leading provider of dermatology solutions, announced the FDA (Food and Drug Administration) approval of AviClear, only device for the treatment of mild, moderate, and severe acne. In addition, in February 2019, Cutera, a leading provider of dermatology solutions, announced the product launch of excel V+, the next generation laser platform. The excel V+ is a technological advancement that includes 50% more power and treatment speed, optimized delivery systems and parameters for unparalleled precision in treating vascular lesions and pigmentation concerns.

Moreover, rise in geriatric population is anticipated to drive the demand for laser resurfacing market trends. Laser resurfacing devices are used to reduce wrinkles, and are also applicable for aging hands and sagging skin in geriatric population. Thus, rise in number of geriatric populations increases the demand for laser resurfacing treatment, which drives the laser resurfacing market growth. Increase in number of licensed medical centers fuels the growth of laser resurfacing market. The reason behind increasing number of medical centers is attributed to increase in number of non-invasive procedures such as non-ablative laser and ablative laser treatment. Increase in skin damage and changes in lifestyle are the major factors that lead to rise in number of medical spas. Moreover, rise in self-awareness among young population regarding the physical appearance and increase in awareness regarding different facial aesthetic treatments among the female population are anticipated to propel the growth of laser resurfacing market.

The global laser resurfacing market is segmented based on type, gender, application, provider, and region.

On the basis of type, the market is classified into non-ablative and ablative. The ablative segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the number of product launch for ablative laser resurfacing devices and high presence of laser resurfacing industry who manufactures ablative laser resurfacing devices.

On the basis of gender, it is classified into male and female. The female segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the awareness among the female population regarding aesthetic appearance and rise in the number of female populations.

On the basis of application, the market is classified into wrinkles and scar, aging hands, sagging skin and others. The wrinkles and scar segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the geriatric populations and increase in awareness among people regarding aesthetic appearance.

On the basis of provider, the market is classified into specialty & dermatology clinics, hospitals and others. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the number of hospitals and rise in the expenditure by government to develop healthcare infrastructure.

North America accounted for a majority of the global laser resurfacing market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to advancement in technology to develop laser resurfacing devices and high presence of key players. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in geriatric population and increase in the number of laser resurfacing procedure.

Key Findings of The Study

By type, the ablative segment was the highest contributor to the market in 2021.

By gender, the female segment was the highest contributor to the market in 2021.

By application, the wrinkle and scar segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

By provider, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.

By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Companies Mentioned

  • Alma Laser, Inc.
  • Aesthetic Solutions Inc.
  • Cutis Dermatology
  • Elan Aesthetics Inc.
  • Estique Clinic
  • Glow Anti-Aging Clinic
  • Lynton Lasers Ltd.
  • Pure Luxe Medical
  • Venus Treatments
  • Spamedical

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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