Pune India, Jan. 24, 2023 (GLOBE NEWSWIRE) — The market has been researched for the segmentation and regional analysis mentioned below for North America, Europe, Asia, South America and the Middle East and Africa. These are the main regions where the market for aesthetic medical laser systems is active and is expected to expand soon. The manufacturers and suppliers involved in the market for aesthetic medical laser systems are present in several countries in the regions mentioned above.
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The report provides a detailed understanding of the market segments formed by combining different prospects such as device type, application, end user and regions. The main drivers, constraints, potential growth opportunities and market challenges are also discussed in the sections below.
The major players operating worldwide market for aesthetic medical laser systems are Solta Medical Inc., Cynosure, Inc., Lumenis, Syneron Medical Ltd., STRATA Skin Sciences (formally Mela Science), Lynton Lasers, Cutera, Lutronic, Viora, Sciton, Inc. To gain substantial market share in the aesthetic medical laser system market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations and partnerships, joint ventures.
Various therapies and treatments are available with aesthetic medical laser systems, including hair removal, acne and scars, skin rejuvenation, pigmented lesions, legs and varicose veins. A number of laser types are available, including carbon dioxide (CO2) lasers, Er:YAG lasers, diode lasers, and pulsed dye lasers. Photochemical, photoablation and photothermal reactions occur when aesthetic medical lasers are used to treat and diagnose medical conditions. In addition to the growing demand for non-invasive procedures, chronic diseases are on the rise, advanced lasers are gaining acceptance, and laser products are increasingly used in diagnosis, all of which contribute to the growth of the market. Innovative technology and the introduction of new laser treatments have driven the market. Laser treatments can also be used for fat reduction as they dissolve adipose tissue and release excess fat. The new technological developments in this market are accelerating the market growth and the market will continue to grow over the forecast period.
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Scope of the Aesthetic Medical Laser Systems Market Report:
|Market Share Unit||USD billion|
|Segments covered||Device type, application, end user and regions.|
|Regions Covered||North America, Europe, Asia Pacific, South America and the Middle East and Africa|
|Big players||Solta Medical Inc., Cynosure, Inc., Lumenis, Syneron Medical Ltd., STRATA Skin Sciences (formally Mela Science), Lynton Lasers, Cutera, Lutronic, Viora, Sciton, Inc.|
Solid State is expected to become the fastest growing segment in 2022.
The device type segment is gas lasers, diode lasers, dye lasers and solid state. The solid-state segment is expected to experience the highest growth rate during the forecast period. In ophthalmology, dentistry, cardiology and dermatology, solid-state lasers are used for research into the interaction of laser radiation with biological tissue. Several healthcare companies have embraced solid-state lasers as a treatment tool for scar removal, melisma treatment and skin resurfacing, thanks to their use in medical applications.
Hair removal is expected to become the fastest growing segment in 2022.
The application segment is pigmented lesions and tattoos, skin rejuvenation, hair removal, vascular lesions, leg veins and varicose veins and others. The hair removal segment is expected to experience the highest growth rate during the forecast period. The 2020 Plastic Surgery Statistics Report estimates that 757,808 laser hair removal procedures have been performed in the US, making it one of the most common non-surgical procedures. In addition, the availability of compact and portable systems is a major driver for the market. The development of system components that can be updated with an advanced user interface without changing the complete device is another element fueling the expansion of the category.
The hospital is expected to become the fastest growing segment in 2022.
The end user segment is the hospital, medical spas and private clinics. The hospital segment is expected to experience the highest growth rate during the forecast period. Hospitals provide specialized specialists who can perform procedures, making them the most reliable location for medical treatment.
The regional analysis provides a detailed picture of the main regions and countries. Some of the major countries analyzed for the Aesthetic Medical Laser System market are USA, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
The North American region witnessed a large share. A significant portion of the aesthetic laser market will be held by North America. This growth is attributed to the presence of key players in the market and the increased use of aesthetic laser procedures in the region, as well as the prevalence of minimally invasive devices. Moreover, market players are launching new products and developing new products to expand their market share in the country due to increasing demand.
The German market size for aesthetic medical laser systems was estimated at $71.8 million by 2022 and is expected to reach $142 million by 2030, at a CAGR of 9.8% from 2023 to 2030.
There are many reasons why aesthetic laser devices are preferred over other devices, including their ease of use, low invasiveness, and shorter treatment time compared to other devices.
China’s market size for aesthetic medical laser systems was estimated at $74.7 million by 2022 and is expected to reach $160.1 million by 2030, at a CAGR of 10% from 2023 to 2030.
Increasing demand for non-invasive aesthetic procedures, advancements in technology, changing lifestyles and increasing disposable income are driving the aesthetic laser market. Increasingly, skin tightening techniques are being used after rapid weight loss or bariatric surgery as they are minimally invasive and have improved technology, boosting the market growth.
India’s market size for aesthetic medical laser systems was estimated at USD 57.5 million by 2022 and is expected to reach USD 122.3 million by 2030 at a CAGR of 9.9% from 2023 to 2030.
India’s growing need for accurate and timely diagnosis with routine dental cleaning and pet humanization is driving its growth.
Covid-19 had a major impact on almost all industries such as electronics, semiconductors, manufacturing, automobiles, etc. However, several companies operating in the technology sector have seen their revenue increase due to significant changes in consumer preferences towards technology services. In addition, the pandemic has led to a significant growth of technology in developing and developed countries.
Moreover, the growth of this market is mainly driven by the rising demand for minimally invasive and non-invasive procedures.
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