Aesthetic Medical Laser Systems Market Latest Trends, Demand, Global Analysis and Forecast 2027
According to the latest study on “Aesthetic Medical Laser Systems Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Application, and End User,” the market was valued at US$ 956.87 million in 2019 and it is projected to reach US$ 1,961.00 million by 2027; it is expected to grow at a CAGR of 9.6% during 2020–2027. The report highlights trends prevailing in the global aesthetic medical laser systems market, and drivers and restraints pertaining to the market growth.
Aesthetic medical laser systems are used to offer different therapies or treatments for hair removal, acne and scars, skin rejuvenation, pigmented lesions, and leg and varicose veins. They are offered in different types of lasers, such as carbon dioxide (CO2) lasers, Er:YAG (Erbium YAG) lasers, diode lasers, and pulsed dye lasers.
Rise of nonsurgical technologies and availability of new treatment options have made aesthetics more accessible to people. Laser technology has allowed people to live life confidently with a good appearance. The benefits of laser procedures have attracted younger people to improve their skin conditions, modify body parts, and correct their physical posture. According to the global survey published by the International Society of Aesthetic Plastic Surgery (ISAPS) in December 2020, cosmetic procedures registered a rise of 7.4% in 2019 compared to 5.6% in 2018. The report also highlighted a 7.1% and 7.6% increase in surgical and nonsurgical procedures, respectively, in 2019.
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Aesthetic Medical Laser Systems Market Competitive Landscape and Key Development
Bausch Health Companies Inc.; Sisram Medical Ltd (ALMA LASERS); Sciton, Inc.; Lumenis; Candela Medical; Cutera Inc.; Cynosure; Aerolase Corp; El.En. S.p.A; and STRATA Skin Sciences are among the key players operating in the aesthetic medical laser systems market. These companies focus on partnerships, product launches, and collaborations to sustain their market positions. For instance, in November 2020, Sciton Inc. established direct operations in the UK and Ireland. This expansion is expected to develop the company's marketing, sales, clinical education, and service offerings through direct operations in the Europe region.
- At present, medical laser systems are prominently used in several medical applications, such as diagnostics, therapeutics, and surgical procedures—including dental, cosmetic, and ophthalmic. According to the United States Food and Drug Administration (FDA), these surgeries are further categorized for different applications.
- Cosmetic surgery: for removal of stretch marks, sunspots, wrinkles, tattoos, scars, birthmarks, spider veins or hair, and other aesthetic procedures such as breast and facial procedures
- Dental procedures: tooth whitening, oral surgery, and endodontic/periodontic procedures
- Ophthalmic/refractive eye surgery: to reshape the cornea to improve vision using procedures—such as laser-assisted in situ keratomileusis (LASIK) or photorefractive keratectomy (PRK)—and cataract removal.
- General surgery: It includes medical surgical procedures that are used for removing tumors. The device is also used for minimally invasive surgery, lithotripsy, and more.
Depending upon the severity and requirement, different types of lasers—including diode, fiber, Raman, and Mid-IR hybrid lasers—are utilized. Developments in technology have enabled medical professionals to offer efficient and effective laser therapies for medical indications, such as cancer, cardiovascular diseases, and pain management. In addition, technological advancements have further extended the use of lasers for painless sealing of nerves after surgery and prevention of blood loss by sealing the injured site. Thus, use of lasers in the medical field allows surgeons to achieve complicated surgical procedures with reduced blood loss and decreased postoperative discomfort. It also reduces the chances of wound infections and offers faster and better wound healing. Thus, owing to the broad medical applications of lasers and their associated benefits, the market is expected to continue its growth during the forecast period.
Aesthetic Medical Laser Systems Market Segmentation Review
In terms of type, the global aesthetic medical laser systems market is segmented into standalone lasers and multiplatform lasers. The standalone lasers segment held the largest share of the market in 2019. The multiplatform lasers segment is expected to continue its dominance and register the highest CAGR in the market during the forecast period.
Based on end user, the global aesthetic medical laser systems market is segmented into hospitals, clinics, medical spas, and others. The clinics segment held the largest share of the market in 2019, and it is expected to register the highest CAGR during the forecast period.
According to the ISAPS, the widely performed aesthetic procedures among women were breast augmentation, liposuction, and eyelid surgery. Among men, gynecomastia, eyelid surgery, and liposuction were widely performed. Increase in number of procedures is expected to continue due to minimally invasive nature. Moreover, it has been proved that minimally invasive surgery provides a higher accuracy rate than traditional open surgery. Therefore, collectively, the benefits—such as faster recovery, reduced pain, and less hospital stays—along with the accuracy rate of minimally invasive procedures performed by aesthetic laser systems over conventional surgery, are likely to continue the market’s growth during the forecast period.
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