LOS ANGELES, March 25, 2019 (GLOBE NEWSWIRE) -- The global aesthetic laser & energy devices market is anticipated to value US$ 4,560.8 Million by 2026, this market is anticipated to grow with 9.9% CAGR during the forecast time period. Rise in adoption of advanced surgical devices and rise in increase in demand for cosmetic treatments are the major factors expected to drive the growth of the global aesthetic laser & energy devices market.
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In the past few years, there is a rapid transformation in the aesthetic industry due to the technological advancements, rise in disposable income, increased awareness about skin rejuvenation which are the major factors driving demand for aesthetic procedures in developing countries. The adoption trend of innovative surgical devices in the aesthetics market is constant from past few years. Though, rapid development has been observed in non-invasive procedures that involves lasers and energy devices. These aesthetic laser and energy devices include light-based systems, lasers, ultrasound devices, and other devices. These devices frequently use different combination of energy with an aim to offer effective therapy. The aesthetic laser and energy devices are mostly used in skin and hair treatment, that include various applications such as tattoo removal, hair removal, scar removal, skin rejuvenation, and skin tightening etc.
The key manufacturers in the global aesthetic laser and energy devices market are focused on continuous innovation in order to expand their offerings in the skin care industry. Therefore, they are investing mainly on research and development activities to create products with advanced technologies. Adoption of aesthetic laser devices is growing owing to rise in technological advancements and widespread usage of laser devices. In March 2016, U.S FDA approved Venus Versa system of Venus Concept for various skincare applications that include skin resurfacing and hair removal, and others. Moreover, the Venus Versa system was also approved for the facial wrinkles, skin rejuvenation and other treatments.
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The global aesthetic laser & energy devices market is segmented into product type, application, end-user and region. On the basis of product type, the global aesthetic laser & energy devices market is segmented into body contouring devices, laser resurfacing devices, cosmetic ophthalmology, and others. The body contouring devices is further segmented into fat reduction devices, skin tightening devices, cellulite reduction devices, liposuction devices, and others. Moreover, the laser resurfacing devices is further bifurcated into conventional devices and fractional ablation skin resurfacing devices. On the basis of application, the global aesthetic laser & energy devices market is segmented skin tightening & liposuction, scar removal, skin rejuvenation, hair removal, and ophthalmic applications. On the basis of end-user, the global aesthetic laser & energy devices market is segmented into cosmetic centers, dermatology clinics, hospitals, and ambulatory surgery centers (ASCs). On the basis of region, the global aesthetic laser & energy devices market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America is expected to dominate the global aesthetic laser & energy devices market owing to the surge in awareness of various non-invasive aesthetic services and increase in occurrence of skin disorders which are predicted to boost the growth of the aesthetic laser & energy devices market in the region. Also, the rise in demand for skin treatments and ease of access to user-friendly aesthetic devices are the key drivers fuelling the growth of the aesthetic laser &energy devices market in the upcoming years. The ambulatory surgical centers segment is projected to grow rapidly due to increased preference for ambulatory surgery centers in developed countries. Ambulatory surgical centers (ASCs) offers advanced healthcare facilities and cost-effective services.
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The prominent players operating in the global aesthetic laser &energy devices market are Alma Lasers Ltd., Syneron Medical Ltd., Alcon, Inc. (Novartis AG), Cutera, Zeltiq Aesthetics, Chromogenex Technologies, Sciton, Inc., Medicis Pharmaceutical Corporation, Cynosure, Inc., Lumenis Ltd, and Deka Laser etc. The key vendors in the global aesthetic laser & energy devices are focusing mainly on partnerships and product launch strategies in order to expand their customer base across the globe. Growing R&D investments by manufacturers coupled with advanced technologies to offer innovative aesthetic devices which is anticipated to provide incremental opportunities for key participants in the global market.
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