Sep 2018: Axiom Market Research & Consulting™ added a report on global cosmetic lasers market. The market of cosmetic lasers market is anticipated to grow at a CAGR of 10.02% for the forecast period 2019 to 2024, globally. The global market is estimated and forecasted in terms of revenue (USD million) generated by the cosmetic lasers market during the period 2019 to 2024. The market was studied for various types of lasers such as standalone laser devices and multiplatform laser devices. Cosmetic lasers finds major applications in hair removal, leg veins & varicose veins, pigmentation lesion & tattoos, skin rejuvenation & resurfacing, vascular lesions, acne & scars and other application. The end users segments covered in the report are, private surgery centers/ Clinics, hospitals, medical spas and multi-specialty centers. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.
Increasing adoption of non-invasive procedure is driving the market
The global cosmetic lasers market has a developing potential owing to factor such as increasing adoption of non-invasive cosmetic procedure to improve the appearance coupled with rising awareness about non-surgical cosmetic reconstructive treatments and the limited side-effects associated with them. However, social stigma associated with the cosmetic surgeries and stringent safety regulations for cosmetic procedures is anticipated to hamper the growth of the global cosmetic lasers market during the forecast period.
Neodymium: Yttrium-Aluminum-Garnet (Nd: YAG) Laser segment is forecasted to grow at a faster CAGR during the projected period
Neodymium: Yttrium-Aluminum-Garnet (Nd: YAG) laser type segment is anticipated to grow at a faster pace during the forecast period as these lasers have many different applications in the medical and scientific field for processes such as laser surgery and laser spectroscopy.
In 2017, Laser hair removal segment accounted for the largest market share in the global cosmetic lasers market
By laser type, the laser hair removal segment accounted the highest market share in 2017 and is estimated to grow rapidly as conventional hair removal techniques are time consuming and are not feasible in the current fast-moving lifestyle, laser hair removal gives a permanent solution to customers. According to the International Society of Aesthetic Plastic Surgery the worldwide laser hair removal procedures register was 1,146,523.
Private Surgery Centers/Clinics application segment accounted largest market share in 2017
The growth of private surgery centers/clinics application segment is primarily attributed to increasing number of private surgery centers/ clinics in developed and developing countries and demand for specialized centers for cosmetic treatments.
Asia Pacific is anticipated to be the fastest growing market during the forecast period 2019 to 2024
Asia Pacific is expected to grow at a faster pace owing to increasing demand from countries like China and Japan experienced the highest number of cosmetic laser surgeries and procedures in the Asia-Pacific market. The growing obsession with physical beauty in China has increased the demand for cosmetic surgery and procedure in recent years.
The market is extensively studied for important countries of key regions such as North America, Europe, Asia Pacific and Rest of the World.
The key competitors of the cosmetic lasers market include Aerolase Corp., Alma Lasers, Cutera, Inc., Cynosure, Inc., DEKA Laser, El.En Group, Lumenis Ltd., LUTRONIC, Lynton Lasers, Sciton, Inc., SharpLight Technologies Inc., Solta Medical Inc. (Valeant Pharmaceuticals), STRATA Skin Sciences, Syneron Medical Ltd., Viora, ZELTIQ Aesthetics, Inc. ( Allergan plc.) and among others.
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