New York, Oct. 11, 2022 (GLOBE NEWSWIRE) -- According to The Insight Partners latest market study on "Aesthetic Lasers Market Size, Share, Trends, Growth Strategy and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, End User, and Geography," the global aesthetic lasers market size is expected to grow from USD 2.50 billion in 2021 to USD 7.50 billion by 2028; it is expected to grow at a CAGR of 16.5% from 2022 to 2028.
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Global Aesthetic Lasers Market Report Scope, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 2.50 Billion in 2021 |
| Market Size Value by | USD 7.50 Billion by 2028 |
| Growth rate | CAGR of 16.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
| No. of Pages | 150 |
| Historical data available | Yes |
| Segments covered | Type Application and End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Global Aesthetic Lasers Market: Competitive Landscape
Alma Lasers, Ltd.; Cynosure, Inc.; Aerolase Corp.; El.En. S.p.A.; Syneron Medical Ltd.; Solta Medical, Inc.; Lumenis Ltd.; Cutera, Inc.; Sharplight Technologies Ltd.; and Sciton, Inc. are a few of the key players profiled during the study of the aesthetic lasers market. Several other major companies were also analyzed to get a holistic view of the market and its ecosystem.
North America dominated the aesthetic lasers market with ~41% share in 2021. The market growth in this region is attributed to the availability of a large number of skilled professionals, significant awareness among people regarding advancements in aesthetic procedures, and the introduction of advanced technologies owing to huge investments in research and development to improve the existing technologies for making them safer and more effective. Further, a growing number of aesthetic surgeons and the increasing spending power of consumers are other factors contributing to the growth of the market in North America. In addition, rising efforts in the promotion of noninvasive aesthetic treatments are predicted to support the aesthetic lasers market growth in the region.
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Impact of COVID-19 Pandemic on Global Aesthetic Lasers Market:
The COVID-19 pandemic, and subsequent lockdowns, travel bans, and business shutdowns have been affecting economies and industries in various countries. Factory shutdowns affected the global supply chains, manufacturing and delivery schedules, and product sales in the global market. In most regions, the aesthetic lasers market experienced notable impact as most aesthetic surgeries and screening sessions were suspended by hospitals to maintain social distancing protocols and minimize patient flow at healthcare centers.
Surge in Demand for Minimally Invasive Treatments Favors Aesthetic Lasers Market Growth:
Minimally invasive treatments have gained popularity in recent years due to the advantages associated with these surgeries, including smaller incisions, rapid wound healing, lesser pain, fewer surgical wounds, and lower complication risks compared to invasive surgeries. Moreover, the currently available minimally invasive surgeries produce similar efficiency and results as conventional surgical treatments. According to the International Society of Aesthetic Plastic Surgery, ~1,837,052 hair removal procedures were carried out globally in 2020. Services offered by the medical aesthetic industry are high-contact services, and therefore, governments in many countries mandated temporary shutdowns of aesthetic facilities in 2020, upon the onset of the COVID-19 pandemic. However, lockdown restrictions were eased in the third and fourth quarters of 2020, and many plastic surgeons and aesthetic centers started taking appointments and scheduling consultation sessions, alongside following strict guidelines and permitting limited patients per day.
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