The using of cosmetic laser therapy helps in reducing facial wrinkles; skin irregularities associated to blemishes or acne scars. Moreover, this technique further directs brief, and concentrated pulsating light beams on the uneven skin surfaces that precisely helps in removing the skin layer over different layers and it is further known as laser peel, lasabrasion technique, or laser vaporization.
Based on the product, cosmetic
laser market is bifurcated as ablative, non-ablative, and laser. Based on
modality, market is bifurcated asIntense pulsed light (IPL), YAG laser, pulsed
dye laser (PDL), carbon dioxide laser (CO2), erbium, radiofrequency, infrared,
and others. Based on application, market is bifurcated as hair removal,
vascular lesions, skin resurfacing, scar & acne removal, body contouring,
and others. The body contouring segment dominates the market due to surge in
awareness among persons toward self-grooming and getting their bodies in shape.
In addition, based on end-users, market is bifurcated as skin care clinics,
hospitals, and cosmetic surgical centers.
The cosmetic laser market is
primarily driven by increase in preference for non-aesthetic procedures,
followed by the increase in focus on body appearance among both women and men,
growth in technical advancements in laser technology, rise in incidence of skin
damages, increase in medical tourism & changing lifestyles, surge in
adoption of the non-invasive procedures, and reduced procedural expenses,
growth in implementation of aesthetic procedures, rise in advancement of laser
technology, and high disposable income. However, strict regulations by
governments on the use of cosmetic lasers, less emphasis of manufacturers on
aesthetic devices, and lack of reimbursement may impact the market.
Based on geography, the
North-American is a leading region in global cosmetic laser market owing to
easy availability of cosmetic laser, favorable reimbursement in healthcare
system and higher number of target population in the region. Whereas, the
Asian-Pacific region is anticipated to exhibit significant growth rate due to
rise in promotional activities related to cosmetic lasers over the forecast
period. In upcoming years, it is projected that future of the market will be
bright on account of availability over the wide range of treatment options and
continual expansion of the cosmetic industry during the forecast period. The global
cosmetic laser market size was valued at US $1,819.49 million in 2018 and is
likely to reach US $5,416.70 million by 2026, registering a CAGR of 14.5% from
2019-2026.
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