Global Aesthetic Lasers and Energy Devices Market Analysis

The Global Aesthetic Lasers and Energy Devices Market size stood at around xx Bn in 2023 and is projected to reach US $xx Bn by 2033, exhibiting a CAGR of xx% during the forecast period.

The Global Aesthetic Lasers and Energy Devices Market Executive Summary

Aesthetic lasers and energy devices can be described as medical devices used in aesthetic medicine to address a range of cosmetic issues through light, radiofrequency, ultrasound, or laser technologies. They are used to provide non-invasive or minimally invasive treatments for skin and aesthetic concerns, such as: Facial skin renewal, Removal of unwanted hair, Eradication of tattoos, Reducing body fat, Skin scar elimination, Sun-damaged skin treatment, Fine lines and wrinkles, and any other unwanted growths.

The aesthetic lasers and energy devices market is shifting to higher growth rates, due to technological progress, increased demand for non-surgical procedures, and growing public awareness regarding aesthetic treatments. This sector entails lasers, light-dependent technologies, radio-frequency, and ultrasound technologies, utilized in procedures like wrinkle removal, hair removal, and liposuction, among others. Currently, there exists significant innovation and growth of new products as key players seek to sustain competitiveness in the market. North America and Europe dominate the market, while Asia-Pacific is rapidly emerging, with Latin America and the Middle East becoming more interested in it. However, there are threats, including regulatory issues and high costs to develop apps; however, the market has great potential to grow and expand further by having aspects such as personalized treatment using applications and integration with Artificial Intelligence.

Global Aesthetic Lasers and Energy Devices Market Dynamics

Market Growth Drivers

The aesthetic lasers and energy devices market exhibits the revenue growth at constant increase since the advancement of new technology in treatment. An upsurge in the number of patients seeking cosmetic surgical procedures due to better outcomes and reduced health risks associated with the procedures is another factor driving the market. New attention to the attractiveness of the face, stimulated by social media, has created popularity of aesthetic treatments that more people are choosing. Other factors include higher incidence of skin disorders and increased usage across other areas like body shaping and vascular lesions including tattoos. 

Opportunity

Future growths for the aesthetic lasers and energy devices market include development to related markets such as tattoo elimination and scar erasing, improving the technologies that are easy to use, and exploring new regions such as Asia-Pacific. There is growth potential in the home-use devices, as consumers look for accessible and cheap options to enhance their looks.

Market Restraints

These include high treatment costs that may cause inconvenience to patients and prove costly for small clinics. Legal and safety requirements often hamper the development of new products and bring concerns about the side effects of products to the market. Rivalry forces organisation to adopt product specialization to sustain profits yet in the same instance be on the lookout for competitors. Lack of awareness in emerging markets and volatilities also negatively affected demand since customers reduce spending on luxury and beauty treatments during recessions.

Competitive Landscape for Aesthetic Lasers and Energy Devices Market in Global

Key Players

• Allergan (a subsidiary of AbbVie Inc.)
• Alma Lasers
• Bausch Health Companies Inc.
• Merz Pharma
• Candela Medical
• Hologic, Inc.
• Lumenis Be. Ltd.
• Solta Medica

Recent Developments

June 2024, Lumenis Be. Ltd. has launched FoLix, a groundbreaking fractional laser system for treating hair loss, which is now the first FDA-cleared option in the U.S. for safe, effective, and natural hair loss treatment for both men and women.

March 2024, Alma, a Sisram Medical company and a global leader in energy-based medical and aesthetic solutions, announced today the launch of a special edition of Soprano Titanium to enable faster and more efficient hair removal sessions.

February 2024, BIOLASE, Inc., a leader in dental laser technology, has launched the Waterlase iPlus Premier Edition™, a state-of-the-art all-tissue laser system. This innovative update to the Waterlase iPlus will debut at the Chicago Midwinter Meeting 2024 from February 22nd to 24th.

March 2023, Sentient has launched two powerful non-laser aesthetic devices, Sculpt™ and Tixel®. These non-invasive, non-laser devices provide safe and effective treatments for popular aesthetic indications, establishing Sentient as a leading and innovative force in the aesthetic device market.

June 2022, Cynosure has launched the PicoSure Pro, an upgrade to its PicoSure platform and the first FDA-cleared 755nm picosecond laser. This device delivers energy in one trillionth of a second using pressure rather than heat, offering safe and effective treatments for unwanted pigmentation and skin revitalization across all skin types.

Mergers and Acquisitions

January 2024, Cynosure and Lutronic, both global medical and aesthetic device companies, have announced a strategic merger. Cynosure's majority owner, Clayton, Dubilier & Rice, LLC (CD&R), has entered into the agreement with South Korean private equity firm Hahn & Company, which partnered with Lutronic in June 2023.

July 2023, Reveal Lasers LLC has acquired the AgeJET Advanced Plasma Skin Therapy device through a strategic merger with NEOconcepts LLC. This acquisition expands Reveal Lasers' presence in the growing plasma skin resurfacing market.

July 2022, II-VI Incorporated Completes the Acquisition of Coherent, Forming a Global Leader in Materials, Networking, and Lasers. The combined company will be named Coherent and will trade under the ticker symbol COHR on the Nasdaq stock market on a date soon to be announced.

Healthcare Policies and Regulatory Landscape for Aesthetic Lasers and Energy Devices Market in Global

Policy changes and Reimbursement scenario

Super imposed changes in regulatory framework are improving efficacy and simplification of the approval process for products while implementation drive by the government on funding as well as training is making Aesthetic procedures more feasible. Telemedicine is enhancing the patients’ consultations and care. Today, there are many reimbursement options, such as insurance payments that now cover more medically necessary procedures and value-based payment systems that reimburse for improved outcomes. Also, new flexible payment models are helping to make treatments more available and affordable while awareness campaigns continue to increase acceptance and uses of minimally invasive aesthetic laser procedures.