Aesthetic lasers are used to reduce the appearance of wrinkles, minimize skin conditions like acne, and fade or remove tattoos. Laser energy devices are used to perform liposuction and sculpt various areas of the body with excellent results. For example, Smartlipo laser liposuction in NYC is an effective minimally invasive energy-assisted procedure that removes stubborn fat pockets from areas like the abdomen, face, hips, thighs, buttocks, arms, and so on.
According to a report from Facts & Factors, the global aesthetic lasers and energy devices market that was approximately USD 4,600 million in 2019, is expected to surpass USD 9,250 million by the end of 2026. This global market is anticipated to surge at a CAGR of around 10.5% during the forecast period 2020 – 2026.
Key factors driving the global aesthetic lasers and energy devices market include
- rising skin damage rates and rapidly changing lifestyles
- demand for minimally invasive procedures
- the rise in awareness about medical aesthetics
- advances in the field of aesthetic devices
- change in patient preferences from hospital to home care
- the rise in obesity around the world
Non-invasive skin rejuvenation and wellness treatments using lasers and other less invasive equipment have shortened hospital stays, as they are designed to provide a quick and faster recovery. Technological advancements such as the launch of portable pen-shaped devices also provide a lucrative growth opportunity for this market.
The aesthetic lasers and energy devices market is segmented on the basis of product type, technology type, application, and end-user.
By Product Type, the market is segmented in to Body Contouring Devices, Laser Resurfacing Devices and Aesthetic Ophthalmology Devices. Laser resurfacing devices are leading the market growth owing to the rise in the treatments such as skin resurfacing, skin rejuvenation, and other skin-related treatments.
On the basis of technology, the market includes Light-Based, Laser-Based and Energy-Based Technologies. Due to its huge implementation and usage in skin treatments across the globe, the laser-based technology segments dominate market growth. The reliable and safe-for-use features of laser-assisted devices make them popular among many dermatology specialists.
By application, the market is divided in to Liposuction & Skin Tightening, Ophthalmic Application, Hair Removal, Skin Rejuvenation, Scar Removal & Skin, Resurfacing and others.
End users of the market include Cosmetic Centers & Dermatology Clinics, Hospitals and Ambulatory Surgery Centers (ASCs). The ASCs segment is predicted to develop at a rapid rate, owing to the increased demand for ambulatory surgery centers in developing countries. Unlike hospitals, patients favor ASCs because of the lower cost of services, the aftercare offered by ASCs, and the use of minimally invasive surgery that enable patients to heal faster.
The major players dominating the market in terms of revenue and development are Syneron Medical Ltd., Chromogenex Technologies Ltd., Alcon, Inc. (Novartis AG), Mentor Corporation, Ultrashape Ltd., Cynosure, Inc., Solta Medical, Inc., Deka Laser Palomar Medical Technologies, Alma Lasers Ltd., Photomedex Inc., Cutera, Medicis Pharmaceuticals Corporation, Lumenis Ltd., Zeltiq Aesthetics, Sciton, Inc., Allergan, Inc, Lutronic, Inc, and Others. These key players have implemented strategies such as signing agreements, bonds, contracts, partnerships, joint ventures, new product launches, collaborations, and mergers & acquisitions to obtain a reputed position in the global market.
Geographically, the market is divided into North America (U.S., Canada), Europe (U.K., France, Germany, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America), The Middle East and Africa (GCC Countries, South Africa, Rest of MEA). By sales, North America dominated the global market in 2019, the growth over the region is projected to continue over the forecast period. The North American market is expected to expand, due to increased awareness and acceptance of various non-invasive aesthetic services, improved health care infrastructure, and an increase in the incidence of skin disorders. Also, the demand for cosmetic treatments among men and easy access to user-friendly aesthetic devices is expected to drive the aesthetic lasers and energy devices market forward in the near future.
Men and women considering laser liposuction in Manhattan, must choose an AAAASF-accredited plastic surgery practice that provides services of skilled and experienced liposuction surgeons.