The global aesthetic lasers market size accounted for USD 2.03 billion in 2023 and it is expected to hit around USD 9.40 billion by 2033, poised to grow at a CAGR of 16.48% during the forecast period 2024 to 2033.
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The U.S. aesthetic lasers market size reached USD 570 million in 2023 and is anticipated to reach around USD 2,790 million by 2033, poised to grow at a CAGR of 17.18% from 2024 to 2033.
North America held the largest share of the aesthetic laser market in 2023, and it is expected to expand significantly during the projection period. The presence of major market participants, the rise in aesthetic laser operations, and the widespread use of minimally invasive equipment in the area are all factors contributing to growth. One of the major countries in the North American region, the United States has a sizeable market share. A recent study published by the American Society of Plastic Surgeons stated that there were 15.6 million cosmetic procedures carried out in the United States as of 2021.
Considering the growing demand for cosmetic procedures, the market players in North America are focused on product advancements and launches in order to sustain in the market.
On the other hand, Asia Pacific is expected to witness significant growth in the market. An increasing number of opportunities in medical tourism are expected to cause the Asia-Pacific area to develop at the fastest rate during the projection period. Throughout the projection period, individuals with significant awareness of aesthetic procedures are also anticipated to contribute to the high growth of this geographical segment. There is a significant propensity and desire among the populace to undergo aesthetic procedures in developing economies like India. According to the International Society of Aesthetic Plastic Surgery, around 70,416 face rejuvenation treatments were performed in India in 2020. Additionally, it is anticipated that growing medical tourism in emerging nations will stimulate the market in the region.
The most widely used medical technique for changing a person's physical appearance is aesthetic lasers. Aesthetic lasers use heat and light to support the skin's natural production of new collagen. People's bodies eventually lose the ability to produce collagen as they get older. These treatments are meant to improve, beautify, and correct the body. Cosmetic lasers, radiofrequency (RF), light-based, and ultrasound aesthetic devices are among the energy-based aesthetic devices.
Due to numerous advantages over other devices, such as ease of use, minimally invasiveness, and quicker operations, aesthetic laser technologies are favored. The increasing acceptance of radiofrequency-based treatments is also boosting sales of aesthetic lasers. In addition to being fully non-invasive, radiofrequency-based devices like Picoway, LaseMD, FraxPro, and Pixel CO2 are useful in treating a variety of skin disorders. Candela Medical's PicoWay is a picosecond laser platform that produces extremely brief pulses with high peak power for a photoacoustic effect. Tattoo removal, skin rejuvenation, toning, and pigmented lesions are all treated with the platform. Greater treatment outcomes and high patient satisfaction have been produced as a result of technological improvement in the field of laser technology.
One of the factors driving the demand for laser-based treatments and, consequently, the growth of the cosmetic laser market in 2023 is an increase in the number of clients seeking anti-aging therapies.
Another key factor propelling the growth of the cosmetic laser market is the rise in the prevalence of skin issues. The need for procedure-specific cosmetic lasers is expected to increase as the cosmetic business expands and people's awareness of their physical appearance increases. As a result, more people are anticipated to undergo minimally invasive cosmetic operations. This is one of the main factors influencing the demand for aesthetic lasers.
| Report Coverage | Details |
| Market Size in 2023 | USD 2.03 Billion |
| Market Size by 2033 | USD 9.40 Billion |
| Growth Rate from 2024 to 2033 | CAGR of 16.48% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 To 2033 |
| Segments Covered | By Product Type, By Application, and By End-user |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver:
Rises the population of obese and the prevalence of skin condition
People are being impacted by the growing obesity epidemic caused by sedentary lifestyles in industrialized and developing nations. The rapid and less-invasive action of lasers is enticing patients to undergo various cosmetic operations. This is among the key factors that will probably increase demand for aesthetic lasers. The Centers for Disease Control and Prevention predict that over the years 2015–2016, 38.9% of American adults (or approximately 93.3 million people) were obese. One of the factors contributing to the increased use of cosmetic lasers for therapy is the rising prevalence of skin illnesses or ailments like rosacea and others. Consequently, it is driving up demand for energy-based aesthetic lasers with minimally invasive procedures. For instance, according to a study by the British Journal of Dermatology, 2.39% of dermatology patients worldwide and 5.46% of the general population were estimated to have rosacea, respectively.
Restraints:
High cost
Aesthetic lasers are technologically advanced and have substantial manufacturing expenses. Regulatory requirements for medical devices might also slow down the licensing procedure and cause delays in product launch activities, which would impede the market's expansion. The maintenance of these facilities raises the cost of the service. The cost increase is a challenge, preventing some people from using these services and limiting the market's overall growth. This poses a challenge for low- and middle-income people in particular. For instance, according to the statement of American Society of Plastic Surgeons, the average cost of laser hair removal is $285 approximately.
Opportunities:
Technology advancements
The market has grown due to technological developments in laser treatments and will keep expanding. In laser procedures, focused light is used to treat a range of skin conditions, remove unwanted hair, improve vision, and achieve other medical or aesthetic goals. Based on the type of laser being utilized, there are several types of laser treatments, including ablative, nonablative, pulsed dye, diode, and neodymium lasers. Depending on the desired outcome and potential hazards, every type of laser offers advantages as well as disadvantages. Laser therapies are expected to grow in popularity and demand due to their benefits, which include precision, speed, and minimal invasiveness. This has caused processes to switch to more modern, quick, and painless methods. The market has significantly more advanced tools and methods than earlier processes.
Additionally, manufacturers are investing more in R&D to bring forth more cutting-edge and affordable technology. The increased R&D efforts of market participants will soon lead to the introduction of more cutting-edge and inventive technologies. These factors are expected to increase the use and acceptance of aesthetic lasers, driving the market to expand rapidly over the forecast period.
By product type, the market is divided into CO2 lasers, erbium lasers, pulse dye lasers, IPL (intense pulsed light), and others based on the product type. The CO2 laser segment carries the largest share of the market. Skin resurfacing with carbon dioxide (CO2) lasers is an efficient way to get rid of warts, scars, wrinkles, and other skin issues. An example of a gas laser is a CO2 laser, which uses carbon dioxide molecules as the active ingredient. They emit an infrared beam with wavelengths somewhere between 9.6 and 10.6 micrometers. A laser resurfacing procedure includes CO2 lasers. The laser produces energy with a wavelength of 10,600 nanometers. Water found inside skin cells absorbs this type of wavelength, which causes the skin's surface layer to be ablated. Moreover, research has demonstrated that CO2 lasers can precisely remove layers of damaged skin and encourage the production of collagen, resulting in skin that is smoother and younger-looking. This makes CO2 lasers excellent for skin resurfacing procedures.
The Nd: YAG segment is likely to experience the fastest revenue growth over the forecasted year. This increase is predicted to be supported by the rising demand for less invasive cosmetic operations because Nd: YAG lasers are particularly effective in treating several skin conditions, such as pigmentation disorders, spider veins, and hair removal.
By Application, the market for aesthetic lasers has been segmented based on applications for hair removal, skin resurfacing, pigmentation reduction, tattoo removal, and others. The hair removal category dominated the aesthetic laser market globally in terms of revenue in 2023. The rise in the number of people with unwanted hair growth and the increased awareness of the benefits of laser hair removal are two major factors driving the growth of this market. The majority of this therapy's patients are female, and they have a critical need for laser hair removal.
The tattoo removal market is also predicted to grow significantly throughout the estimated period. The rising popularity of tattoos and the increased demand for tattoo removal procedures are the two primary factors boosting the development of this industry. Laser-based procedures are regarded as the most effective and secure technique to remove tattoos. Due to the rising popularity of laser-based tattoo removal techniques and the expanding accessibility of cutting-edge laser technology, this industry is expected to experience revenue growth. The Others section includes a variety of uses, such as acne treatment, body sculpting, and scar reduction. The demand for laser-based scar reduction operations is increasing as acne and other skin conditions that can produce scars become more common.
By End-User, the end-user segments that make up the aesthetic laser market are hospitals and specialty clinics, spas, and beauty salons. Spas and beauty centers segment held a significant share of the market in 2023. The rising popularity of beauty centers, especially in female consumers supported the growth of the segment. The rapid adoption of advanced skin and hair-related procedures by beauty centers will promote the growth of the segment during the forecast period.
The hospitals and specialty clinics segment is expected to dominate the market with a significant share during the forecast period. The availability of advanced medical equipment for laser treatment along with the presence of skilled doctors and expertise highlights the growth of the specialty clinics segment.
Segments Covered in the Report:
By Product Type
By Application
By End-user
By Geography
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