New York, NY, July 18, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cosmetic Laser Market by Type (Standalone Laser Devices and Multiplatform Laser Devices), by Modality (Carbon Dioxide Lasers, Erbium YAG Lasers, Diode Lasers, Pulsed Dye Lasers, ND: YAG Lasers, Alexandrite Lasers, and Others), by Applications (Vascular Lesions, Acne & Scars, Pigmented Lesions & Tattoos Removal, Hair Removal, Skin Rejuvenation, Leg & Varicose Veins, Body & Face Contouring, and Others), and by End User (Hospital, Private Clinics, and Medical Spas) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global cosmetic laser market was valued at approximately USD 639.76 million in 2017 and is expected to generate revenue of around USD 1,591.58 million by the end of 2024, growing at a CAGR of around 12.15% between 2018 and 2024.
Cosmetic lasers function on the principle of selective photo thermolysis, where photo refers to light frequency. It is a treatment used to reduce skin irregularities and wrinkles. The technique directs beams of light which are concentrated, short and pulsating at targeted irregular skin which precisely removes skin layer by layer and resurfaces the skin by removing the irregularity.
Browse through 71 Tables & 38 Figures spread over 110 Pages and in-depth TOC on "Global Cosmetic Laser Market: Industry Size, Share, Trends, Analysis and Forecast 2017 - 2024”.
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Cosmetic laser market is segmented on the basis of type, modality, application, and end user. On the basis of type, cosmetic laser market is segmented into standalone laser devices & multiplatform laser devices. Multiplatform laser devices segment is expected to dominate the market. Multiplatform lasers provide the versatility and flexibility of different standalone systems in a single package, which drives the growth of multiplatform laser devices segment.
Based on the modality, the cosmetic laser market is further segmented into carbon Erbium YAG lasers, dioxide (CO2) lasers, pulsed dye lasers, diode lasers, ND: YAG lasers, alexandrite lasers, and others.
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Based on application, the cosmetic laser market is divided into vascular lesions, pigmented lesions & tattoo removal, acne & scars, skin rejuvenation, leg & varicose veins, hair removal, body & face contouring, and other application. Hair removal segment acquired the largest market share in 2015. Development of laser technology for the treatment of the hair removal along with its cost-effectiveness fueled the growth of hair removal technique.
On the basis of the end user, the cosmetic laser market is segmented into the hospital, private clinics, and medical spas. Private clinics segment is expected to dominate the cosmetic laser market in the forecast period. Growing preference for minimally invasive cosmetic surgeries and a growing number of private clinic and surgeons is expected to fuel the growth of private clinics segment.
Browse the full "Cosmetic Laser Market by Type (Standalone Laser Devices and Multiplatform Laser Devices), by Modality (Carbon Dioxide Lasers, Erbium YAG Lasers, Diode Lasers, Pulsed Dye Lasers, ND: YAG Lasers, Alexandrite Lasers, and Others), by Applications (Vascular Lesions, Acne & Scars, Pigmented Lesions & Tattoos Removal, Hair Removal, Skin Rejuvenation, Leg & Varicose Veins, Body & Face Contouring, and Others), and by End User (Hospital, Private Clinics, and Medical Spas) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/cosmetic-laser-market
In 2016, North America acquired over 40% of the total global cosmetic laser market revenue. In 2015, according to OECD (Organization for Economic Co-operation and Development), it was estimated that the disposable income per capita of the U.S. was approximately USD 46,509 whereas that of Canada was USD 31,086. A major consumer base and increasing disposable income of the individuals are driving the growth of the cosmetic laser market in North America. The presence of advanced laser-based treatment clinics since decades in this region has also fueled the growth of cosmetic laser market in the past. Increasing awareness about cosmetic lasers, professional training initiatives by companies, and well-established infrastructure is anticipated to drive the growth of the cosmetic laser market in North America.
In 2016, Europe approximately held 25% of the total revenue share of the cosmetic laser market. The main reason for the growth of the market in this region is a deficiency of melanin pigments, which enhances skin degradation and aging Caucasian people. Rising medical tourism, growing preference for the non-invasive cosmetic procedure, increasing aging population, rapid advances in technology, and rising standard of living are some of the other factors which drive the growth of cosmetic laser market in Europe region.
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The Asia Pacific in 2016 held about 20% of the total revenue share and in the forecast period, it is expected to witness the highest CAGR. According to the U.N. Food & Agriculture Organization, the number of overweight children under the age of 5 rose approximately 40% between the year 2000 & 2016. This rising cases of overweight & obese people are expected to mainly drive the market of the cosmetic laser in the Asia Pacific. Increasing awareness about cosmetic laser, rapidly changing lifestyle, and rising incidences and accidents responsible for skin damage & burns is also expected to fuel the growth of the Asia Pacific cosmetic laser market. Also, reduced risk and improved results of cosmetic laser surgeries are fueling the awareness about cosmetic laser in this region.
The Middle East and Africa and Latin America are expected to witness the least growth among all regions within the forecast period. Increase in medical tourism, increase in awareness about cosmetic laser, and rise in disposable income has also driven the growth of cosmetic laser market in these regions.
The key players in the global digital health market are Solta Medical Cutera, Inc., Aerolase, Cynosure, Inc., Lutronic, Alma Lasers, Ltd., Lumenis Ltd., Sciton, Inc., Syneron Medical Inc., and SharpLight Technologies. The players are involved in the development of advanced technologies which are cost effective.
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This report segments the global cosmetic laser market as follows:
Global Cosmetic Laser Market: Type Segment Analysis
- Standalone Laser Devices
- Multiplatform Laser Devices
Global Cosmetic Laser Market: Modality Segment Analysis
- Carbon Dioxide Lasers
- Erbium YAG Lasers
- Diode Lasers
- Pulsed Dye Lasers
- ND: YAG Lasers
- Alexandrite Lasers
- Others
Global Cosmetic Laser Market: Application Segment Analysis
- Vascular Lesions, Acne, and Scars
- Pigmented Lesions & Tattoos Removal
- Hair Removal
- Skin Rejuvenation
- Leg & Varicose veins
- Body & Face Contouring
- Others
Global Cosmetic Laser Market: End-User Segment Analysis
- Hospital
- Private Clinics
- Medical Spas
Global Cosmetic Laser Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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