Aesthetic Lasers and Energy Devices Market Forecast

Aesthetic Lasers and Energy Devices Market Size:

The global aesthetic lasers and energy devices market size reached US$ 5.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.6% during 2024-2032. The market is experiencing significant growth mainly driven by the rising demand for non-invasive cosmetic treatments. Technological advancements, increasing consumer interest in skin rejuvenation, and anti-aging solutions are also contributing positively to the market growth.

Aesthetic Lasers and Energy Devices Market Analysis:

• Major Market Drivers: Key drivers in the market include the growing demand for minimally invasive cosmetic procedures mainly driven by an increasing awareness of aesthetic treatments. Advancements in laser technology, such as improved safety and precision, are enhancing patient outcomes and boosting product adoption. Rising disposable incomes, along with a growing aging population base, are further fueling interest in anti-aging solutions. Additionally, the expanding beauty and wellness industry, along with increasing consumer interest in skin rejuvenation, hair removal, and body contouring, is propelling the market growth. The influence of social media and celebrities also plays a crucial role in promoting aesthetic treatments.
• Key Market Trends: Key trends in the market include the growing popularity of non-invasive and minimally invasive procedures, such as laser skin resurfacing and body contouring. The demand for personalized treatments tailored to individual skin types is increasing, driven by advancements in laser technology. Portable and user-friendly devices are gaining traction, allowing clinics to offer a wider range of services. Additionally, combination treatments using both lasers and energy devices, such as radiofrequency or ultrasound, are becoming more common to achieve better results.
• Geographical Trends: Geographical trends in the market show strong growth in North America, driven by high disposable incomes and widespread adoption of advanced cosmetic treatments. Europe follows closely, with an increasing demand for anti-aging solutions and skin rejuvenation procedures. The Asia-Pacific region is witnessing rapid expansion due to a rising middle-class population, growing awareness of aesthetic treatments, and advancements in healthcare infrastructure. Countries like China, South Korea, and India are emerging as key markets due to the increasing demand for cosmetic enhancements. Latin America and the Middle East are also experiencing steady growth as aesthetic procedures gain popularity.
• Competitive Landscape: Some of the major market players in the aesthetic lasers and energy devices industry include Allergan Plc., Bausch Health Companies Inc., Candela Medical, Cutera Palomar Medical Technologies, Cynosure Inc., Fotona Inc., Lumenis Ltd., Lutronic Inc. and Sciton Inc., among many others.
• Challenges and Opportunities: Market faces various challenges including high costs of equipment, stringent regulatory approvals, and potential risks associated with incorrect use, which can lead to adverse effects. These factors may limit adoption in certain regions or smaller clinics. However, significant opportunities exist as technological advancements continue to improve the safety, efficacy, and affordability of treatments. Increasing consumer interest in non-invasive procedures and growing awareness of cosmetic solutions in emerging markets also present vast potential for growth. Additionally, the rise of home-use devices and telemedicine consultations is creating new avenues for expanding the reach of aesthetic treatments.
   

Aesthetic Lasers and Energy Devices Market Trends:

Technological Advancements

Technological advancements in the aesthetic lasers and energy devices market are leading to the creation of multifunctional platforms that can perform various treatments like skin rejuvenation, hair removal, and scar reduction all in one system. These innovations cater to the growing demand for non-invasive, efficient, and versatile solutions. Devices now incorporate multiple wavelengths and energy sources, such as radiofrequency and ultrasound, allowing practitioners to customize treatments based on patient needs. This not only improves clinical outcomes but also reduces treatment time and recovery periods, making these devices appealing to both healthcare professionals and patients looking for quicker, more convenient options, which, in turn, is contributing positively to the aesthetic lasers and energy devices market growth. For instance, in March 2024, Reveal Lasers LLC unveiled Karma, a cutting-edge aesthetic treatment device featuring advanced dual-wavelength technology and four emission modalities. With its versatility and precision, Karma is designed for skin rejuvenation, scar treatments, benign pigmented lesion removal, and tattoo removal. The device's innovative design includes various spot sizes and focal lenses, offering flexibility and high power. Karma's unique pulse technology aims to minimize adverse reactions while delivering exceptional results.

Growing Popularity of Non-Invasive Treatments

The shift toward non-invasive and minimally invasive cosmetic procedures is reshaping the aesthetic industry, driven by consumer preference for safer, less painful options with minimal recovery time. Devices that provide solutions for fat reduction, wrinkle treatment, and skin tightening without the need for surgery are gaining widespread popularity. These treatments use advanced technologies like laser, radiofrequency, and ultrasound to achieve desired outcomes with little to no downtime. The appeal lies in the ability to deliver effective, natural-looking results without the risks associated with traditional surgical procedures, making these treatments accessible and attractive to a broader audience. For instance, in April 2024, Cartessa Aesthetics introduced PHYSIQ 360, a cutting-edge non-invasive body contouring treatment. The device offers advanced technology to meet the current demands in the field, providing a holistic solution for fat reduction and muscle stimulation. With customizable treatment plans, PHYSIQ 360 aims to address the challenges of achieving desired body goals. This innovation comes as a response to the increasing popularity of weight loss medications, offering a sustainable approach to total body wellness.

Expanding Applications

Aesthetic lasers and energy devices are expanding beyond traditional cosmetic uses, now playing a significant role in dermatological treatments for conditions like acne, pigmentation disorders, and scar reduction. These devices use targeted laser or energy-based technologies to treat deeper skin layers, addressing issues such as inflammation, hyperpigmentation, and skin texture irregularities. This broadened scope of application enhances their value in the healthcare sector, offering medical-grade solutions for both cosmetic and therapeutic needs. The versatility of these devices makes them highly sought after by dermatologists, as they offer non-invasive alternatives for managing various skin conditions while improving overall skin health. For instance, in March 2023, Doctors Aesthetics Centre introduced Picocare 250 Majesty, the first 250 Picosecond Nd: YAG laser in South India. This USA FDA-approved laser from Wontech, South Korea, aims to redefine skincare in India. It addresses various skin concerns such as multi-colored tattoos, pigmented lesions, and skin rejuvenation. The launch marks a new milestone in DAC's journey of providing advanced medical and cosmetic procedures.

Aesthetic Lasers and Energy Devices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product type, application, technology and end user.

Breakup by Product Type:

• Laser Resurfacing Devices
• Body Contouring Devices
• Aesthetic Ophthalmology Devices
• Others
   

Laser Resurfacing Devices accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes laser resurfacing devices, body contouring devices, aesthetic ophthalmology devices and others. According to the report, laser resurfacing devices represented the largest segment.

Laser resurfacing devices hold the largest share of the market due to their wide range of applications in cosmetic and dermatological treatments. These devices are highly effective for skin rejuvenation, scar removal, wrinkle reduction, and pigmentation correction, driving their popularity. The non-invasive nature of laser treatments, combined with advancements in technology, has increased patient preference for these procedures. Additionally, the rising awareness about aesthetic treatments and a growing demand for anti-aging solutions contribute to the dominance of laser resurfacing devices in the market, making them a preferred choice in both clinical and cosmetic settings. For instance, in March 2024, Rohrer Aesthetics introduced Pix:E, a cutting-edge device combining 4 MHz RF microneedling and Erbium skin resurfacing. This FDA-approved device aims to address a wide range of skin concerns, offering enhanced efficacy, greater customization, improved patient comfort, and faster treatment times. The device has garnered positive feedback from leading aesthetic professionals and marks a significant milestone for Rohrer Aesthetics in the field of aesthetic technology.

Breakup by Application:

• Hair Removal
• Skin Resurfacing
• Skin Rejuvenation
• Body Shaping and Skin Tightening
• Others
   

Body Shaping and Skin Tightening holds the largest share of the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes hair removal, skin resurfacing, skin rejuvenation, body shaping and skin tightening and others. According to the report, body shaping and skin tightening accounted for the largest market share.

According to aesthetic lasers and energy devices market report, body shaping and skin tightening procedures hold the largest share in the market. This is due to the increasing demand for non-invasive and minimally invasive treatments aimed at improving body contour and reducing sagging skin. The rise in consumer interest in cosmetic procedures, along with advancements in laser technology, has contributed to the popularity of these treatments. The growing awareness about aesthetic solutions and the desire for anti-aging treatments further drive the market's dominance in this segment.

Breakup by Technology:

• Laser Based Technology
• Light Based Technology
• Energy Based Technology
   

Energy Based Technology represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the technology. This includes laser based technology, light based technology and energy based technology. According to the report, energy based technology represented the largest segment.

Energy-based technology leads the aesthetic lasers and energy devices market due to its versatility and effectiveness in various cosmetic treatments. These technologies, including laser, radiofrequency, and ultrasound, are widely used for body contouring, skin rejuvenation, hair removal, and acne treatment. The appeal lies in their ability to offer non-invasive or minimally invasive solutions with shorter recovery times compared to traditional methods. Continuous innovation in energy-based devices, improving safety and results, has fueled demand, positioning this segment at the forefront of the aesthetic devices industry. These advancements in energy-based technologies, coupled with increasing consumer demand for non-invasive aesthetic procedures, shorter recovery times, and ongoing innovation in device safety and effectiveness, are creating a positive aesthetic lasers and energy devices market outlook. The expansion of applications like body contouring, skin tightening, and rejuvenation further strengthens the market's growth trajectory, as more individuals seek personalized and efficient cosmetic treatments.

Breakup by End User:

• Cosmetic Centers
• Dermatology Clinics
• Hospitals
• Ambulatory Surgery Centers (ASCs)
   

Cosmetic Centers exhibits a clear dominance in the market 

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes cosmetic centers, dermatology clinics, hospitals and ambulatory surgery centers (ASCs). According to the report, cosmetic centers accounted for the largest market share.

Cosmetic centers dominate the aesthetic lasers and energy devices market due to the growing demand for non-invasive beauty treatments. These centers offer a range of procedures, including skin rejuvenation, body contouring, and hair removal, utilizing advanced laser and energy-based devices. Their ability to provide personalized treatments and leverage the latest technologies attracts a broad customer base. Additionally, the rising number of cosmetic clinics globally, driven by an increased awareness and accessibility to aesthetic procedures, further solidifies their leading position in this market.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
• Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
     

North America leads the market, accounting for the largest aesthetic lasers and energy devices market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, Argentina, Colombia, Chile, peru, and others); and the Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, and others). According to the report, North America represents the largest regional market for aesthetic lasers and energy devices.

North America leads the aesthetic lasers and energy devices market due to high consumer demand for cosmetic procedures, driven by rising disposable incomes and increasing awareness of non-invasive treatments. The region's advanced healthcare infrastructure supports the adoption of innovative technologies like lasers, radiofrequency, and ultrasound for body contouring, skin rejuvenation, and hair removal. Furthermore, the presence of key industry players and a growing number of cosmetic centers offering these treatments contribute to North America's dominant market position. For instance, in March 2024, Reveal Lasers LLC unveiled the AlloraPro Laser Workstation, a cutting-edge device designed for permanent hair reduction and skin rejuvenation treatments. With its advanced features and customizable options, including a larger spot size and versatile handpieces, the AlloraPro aims to meet the increasing demand for faster and more effective laser hair removal solutions.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the aesthetic lasers and energy devices industry include Allergan Plc., Bausch Health Companies Inc., Candela Medical, Cutera Palomar Medical Technologies, Cynosure Inc., Fotona Inc., Lumenis Ltd., Lutronic Inc. and Sciton Inc.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• The aesthetic lasers and energy devices market is highly competitive, driven by increasing demand for non-invasive cosmetic treatments. Companies focus on innovation, introducing advanced technologies like laser, radiofrequency, and ultrasound for various applications such as skin rejuvenation, hair removal, and body contouring. Market players are constantly developing new devices that offer enhanced safety, efficiency, and patient comfort. Competitive pricing, customer satisfaction, and strategic partnerships play key roles in maintaining market position. Additionally, regulatory approvals and technological advancements further shape the competitive landscape, with a focus on delivering improved clinical outcomes.

Aesthetic Lasers and Energy Devices Market News:

• In November 2023, Alpha Aesthetics Partners, a leading medical aesthetics platform, announced a strategic partnership with The Laser Center of Marin ("TLC"), a renowned cosmetic and laser treatment center in Northern California. This collaboration aims to enhance the quality of aesthetic services and patient experience by leveraging the strengths of both organizations. The partnership reflects Alpha Aesthetics Partners' commitment to fostering a collaborative culture and providing extensive industry connections, furthering their expansion in the medical aesthetics market.
• In March 2024, Beagle Lasers, a medical aesthetics brand based in Surat, announced its plans to expand its operations to over 50 cities, aiming to bridge the gap between manufacturers and end-users by offering a wide range of high-quality laser products. This expansion will involve significant investment in infrastructure, including new factories and production facilities, with the goal of increasing accessibility to advanced medical equipment and technologies. The company's vision is to bring innovative solutions closer to medical practitioners and healthcare institutions.

Aesthetic Lasers and Energy Devices Market Report Scope:

Key Questions Answered in This Report:

• How has the global aesthetic lasers and energy devices market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global aesthetic lasers and energy devices market?
• What is the impact of each driver, restraint, and opportunity on the global aesthetic lasers and energy devices market?
• What are the key regional markets?
• Which countries represent the most attractive aesthetic lasers and energy devices market?
• What is the breakup of the market based on the product type?
• Which is the most attractive product type in the aesthetic lasers and energy devices market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the aesthetic lasers and energy devices market?
• What is the breakup of the market based on the technology?
• Which is the most attractive technology in the aesthetic lasers and energy devices market?
• What is the breakup of the market based on the end user?
• Which is the most attractive end user in the aesthetic lasers and energy devices market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global aesthetic lasers and energy devices market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aesthetic lasers and energy devices market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global aesthetic lasers and energy devices market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aesthetic lasers and energy devices industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.