Despite the Presence of about ~100 Competitors Comprising a Large Number of Country-Niche Players, Regional Players, the Global Players dominate the market in terms of market revenue share, finds a recent market study on Global Aesthetic Laser Device Market by Ken Research
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.
Ken Research shares 3 key
insights on the competitive landscape of this dynamic market from its latest
research study.
1. Global
Players Constitute ~25% of Total Number of Competitors, While Regional
Companies Hold ~35% Share in Terms of the Total Number of Players in the Market
A comprehensive competitive
analysis conducted during the
Research Study found that the Global Aesthetic Laser Device market
is highly competitive with ~100 players, including globally diversified
players, regional players, and country-niche players, which hold ~40% share in
terms of the number of companies present in the market, with their offerings in
some specific product categories.
The majority of the top global
Aesthetic Laser device companies, including Cynosure, Inc., Aerolase Corp.,
Lumenis Be Ltd., Sciton, Solta Medical, SharpLight Technologies Ltd., Cutera,
Alma Lasers, Candela Corporation, El.En. S.p.A., Rohrer Aesthetics, Inc. are
expected to maintain their leading positions in the forecasted period.
2. Global
Players' Continuous Investments in New Technologies & Products and
Geographic Expansion Through Partnerships are Driving Revenue Growth in This
Market
Detailed comparative analysis of
key competitors available within the Research Study shows that numerous
companies such as Candela Corporation and El.En. S.p.A. are highly focused on
providing products with newer technologies to stay ahead in the market.
- In January 2021, Candela launched the Frax
Pro™ system, an ablative fractional device, which was cleared by the FDA
and the first of its kind to offer dual depth skin resurfacing.
- In December 2021, Clarion Medical Technologies
Inc., a major Canadian company, formed a partnership with El.En. Under
this partnership, the DEKA branded SmartXide CO2 laser system and its
accessories were to be distributed in the Canadian market by Clarion.
3. The
Initial Phase of the Ongoing COVID-19 Affected the Demand for Thermal Imaging
Aesthetic Laser Devices in a Negative Way; However, Market Has Bounced Back
After That
The advent of the COVID-19
pandemic hampered the Aesthetic Laser device market’s growth as there were
restrictions in terms of social distancing and lockdowns which resulted in the
temporary shutdown of such procedures.
Also, as the focus shifted to the
critical treatment area of Covid patients and other related ailments, this market
suffered as people were not simply interested in such procedures.
As per the 2020 Plastic Surgery
Statistics Report published by the American Society of Plastic Surgeons, the
number of minimally invasive laser tattoo removal procedures in 2020 stood at
199,945 as compared to 215,898 procedures in 2019, a Y-o-Y decline of 7%.
Government
Policies and Regulations are Propelling the Aesthetic Laser Device Market
Growth
Active participation by
governments and relevant authorities in terms of regulating the aesthetic laser
devices and certifying skilled/trained personnel for the procedures have been
very favorable factors in the growth of the Aesthetic Laser device market. Most
governments include it as a Medical Device and make policies accordingly.
In the European Union, laser
devices have been categorized as Medical Devices and come under the Medical
Devices Regulation (MDR), effective since 2017. The aesthetic products that can
be considered high risk are included in the MDR. Any product that can’t be differentiated
as aesthetic or cosmetic is evaluated on the risks they pose.
Similarly, China Food and Drug
Administration has its own criteria for medical devices. All the aesthetic
devices which are considered high-risk are evaluated and regulated based on their
working theory.
As aesthetic laser procedures may
cause harm to the human body hence these regulations help users to go for only
approved devices and procedures that ensure their safety. This is helping the
consumers to have faith in their safety and reliability which is driving the
market to grow.
For More
Information, refer to below link:-
Aesthetic
Laser Device Manufacturing Companies
Related Report
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Research
Ankur
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