Growing Desire for Good Appearance among People Back by Increasing Disposable Income to Fuel Cosmetic Lasers Market
Cosmetic lasers have revolutionized the entire beauty industry by providing a minimally invasive solution to enhance beauty. As the name suggests, cosmetic lasers use laser light for the removal of unwanted tissues over the skin. The light penetrates skin at a particular wavelength, thereby causing no harm to the skin. This is widely used to remove acne and acne scars, black spot, loss skin, uneven skin tone, unwanted hairs from skin. The cosmetic lasers mainly help in restoring a youthful appearance of the human’s skin. This is increasing the demand for the cosmetic lasers across the globe. Similarly there are several other factors which could influence the growth of the global cosmetic lasers market in future. We have mentioned a few of them below-
- Increasing preference for non-invasive cosmetic procedures, technological advancements, increasing disposable income, and rising medical tourism are the major drivers of the global cosmetic lasers market.
- The increasing influence of fashion industry and desire to achieve a flawless skin is another factor bolstering the growth of the cosmetic lasers market.
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- Cosmetic laser service providers are pumping immense money for the advertisement and marketing of laser surgery. This is expected to increased awareness among the consumers. The rising awareness among the consumers regarding several benefits of cosmetic lasers are expected to boost cosmetic lasers market.
- Laser cosmetic treatments are relatively painless as compared to other facial surgeries. Apart from this, it has less healing period and low side effects. This is increasing the adoption of cosmetic lasers among consumers. The high adoption of cosmetic surgery is another strong factor likely to boost the global cosmetic lasers market.
- Furthermore, laser hair removal is recognized as both more effective and economical than the traditional procedure. As it is a permanent solution for skin hair removal and pigmentation removal. This is leading to the increasing demand for cosmetic lasers surgery among the middle class population as well.
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- Also easy to use feature of cosmetic laser device is driving the global cosmetic lasers market. Owing to this, laser hair removal and skin smoothing are commonly offered at beauty parlors and spas.
- However, high cost of cosmetic lasers and unavailability of reimbursement policy is considered as the major restraint in the global cosmetic lasers market.
- Along with this, people having sensitive skin cannot take cosmetic lasers treatment as it has high skin sensation. The increasing cases of skin sensitivity owing to the changing climatic condition and increasing pollution is expected to hinder the growth of the global cosmetic lasers market.
- The key suppliers of the cosmetic lasers are adopting several strategies to reduce price so as to dilute a major restrain of the market. Among all strategies acquisitions and mergers is the most prominent. For instance in the year 2017, Apax Partners, a private equity advisory firm acquired Syneron Candela for US$ 400 Mn. The deal led to the establishment of Syneron Candela as a privately held company. This is expected to bolster growth in the global cosmetic lasers surgery market.
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