Global Market Research Reports : Ken Research: 3 Key Insights on US$ 1,800 Mn Opportunity in Global Aesthetic Laser Device Market: Ken Research

Thursday, October 13, 2022

3 Key Insights on US$ 1,800 Mn Opportunity in Global Aesthetic Laser Device Market: Ken Research

Driven by the people’s increasing awareness about their physical appearance, safety & effectiveness, and decreasing costs of aesthetic laser procedures, the Global Aesthetic Laser Device Market is Forecasted to Cross US$ 1,800 Mn by 2028 says Ken Research Study.

Aesthetic Laser Devices are medical devices that use a selective photothermolysis approach that works at a specific wavelength creating a thermal effect that destroys undesirable tissues and cells. These are used for hair removal, tattoo removal, acne and sore removal, wrinkle removal, skin rejuvenation, and inflammatory skin diseases among other applications. These are very safe and effective treatments and ideally should be performed by a trained technician or a certified medical professional.

According to Ken Research estimates, the Global Aesthetic Laser Device Market – which grew from around ~US$ 800 Mn in 2017 to nearly ~US$ 1,100 Mn in 2022 – is expected to grow further into a more than ~US$ 1,800 Mn opportunity by 2028.

Ken Research shares 3 key insights on this high opportunity market from its latest research study.

1. Growing Consumer Awareness About the Safety and Effectiveness of Aesthetic Laser Procedures to Boost the Market

The global Aesthetic Laser device market is going to grow further due to more and more people being very concerned about their physical & body appearances, an aging population that is going for skin rejuvenation, and increased awareness about such procedures in highly populous countries such as coupled with growing disposable income.

The widespread know-how about such procedures and the availability of abundant skilled professionals for such procedures are going to drive the growth of the market too especially in developed countries.

2. Affordable Pricing of the Aesthetic Laser Procedures Has Accelerated the Use of Aesthetic Laser Devices

As more and more people became aware of the safety and effectiveness of aesthetic laser procedures, the number of people who opted for such services grew. This was aided by the fact that gradually over the years the cost of such procedures became more affordable and hence these could be performed on a larger population base.

Also, more and more skilled professionals were available to carry out such procedures making the consulting fees also nominal. According to Statista, the average range of fees per such procedure in 2021 varies anywhere between ~US$ 170 to ~US$ 1,800.

3. Declining Costs of the Laser Procedure are Driving the Hair Removal Segment’s Growth

The declining costs of minimally invasive procedures have resulted in the growth of the aesthetic laser device market. According to the American Society of Plastic Surgeons, 757,808 minimally invasive laser hair removal procedures were performed in the US in 2020.