Cosmetic Lasers Global Market Report 2024

The cosmetic lasers market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The historic growth can be attributed to several factors such as an upsurge in cosmetic procedures, increased medical tourism, greater acceptance of minimally invasive surgeries, advancements in product development, higher incidence of skin diseases, and a rise in polycystic ovary syndrome (PCOS) cases.

The cosmetic lasers market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. In the upcoming period, growth in cosmetic laser usage is driven by urbanization, an aging population, product advancements, body contouring demand, and increased disposable incomes. Trends involve IoT-linked devices, robotic systems, 3D printing, advanced product development, and strategic acquisitions.

The cosmetic lasers market is poised for growth due to the increasing trend of urbanization worldwide. Urbanization, characterized by the migration of populations from rural to urban areas and the subsequent rise in population density in urban settings, has become a key driver for the cosmetic lasers market. This global urbanization trend has led to heightened emphasis on personal appearance, beauty, and health consciousness, contributing to the expanding demand for cosmetic laser procedures. As reported by the Department of Economic and Social Affairs, United Nations, an estimated 68% of the world's population, equivalent to 2.5 billion people, is projected to reside in urban areas by 2050. This surge in urbanization is expected to be a major catalyst for the growth of the cosmetic lasers market.

A significant factor fueling the growth of the cosmetic lasers market is the rise in disposable personal income. Disposable personal income represents the amount of money available to an individual after accounting for taxes. The upward trajectory of disposable personal income indicates increased financial capacity among potential consumers to allocate funds towards body aesthetics, beauty enhancement, and overall well-being, thereby driving demand in the cosmetic lasers market. For instance, data from the US Bureau of Economic Analysis reveals that the disposable personal income in the United States reached $18,108.28 billion in October 2021, marking an increase from $18,045.32 billion in September 2021. This upward trend in disposable personal income is expected to act as a significant growth driver for the cosmetic lasers market.

The growth of the cosmetic lasers market is significantly influenced by an increased focus on the development of advanced products by major industry players. Leading companies in the cosmetic lasers sector are dedicated to enhancing their market position by introducing cutting-edge products. A noteworthy example is Solta Medical, a US-based medical device company, which launched The Clear + Brilliant Touch Laser in 2021. This next-generation Clear + Brilliant laser offers a customized and more comprehensive treatment protocol, leveraging two wavelengths. The Original and Perméa handpieces enable physicians to seamlessly switch between these wavelengths, facilitating a more comprehensive treatment in a single appointment. The industry's intensified commitment to developing advanced products is expected to drive growth in the cosmetic lasers market.

The cosmetic laser market is anticipated to experience growth due to the increasing popularity of minimally invasive procedures. Minimally invasive procedures involve medical and surgical techniques performed through small incisions or natural body openings, minimizing the need for extensive surgical cuts. Cosmetic laser treatments, characterized by their minimally invasive nature, offer patients various advantages, including faster recovery, reduced scarring, enhanced precision, and overall satisfaction. As reported by the International Society of Aesthetic Plastic Surgery (ISAPS) in January 2023, there was a significant 19.3% increase in procedures performed by plastic surgeons worldwide in 2021 compared to 2020, with over 12.8 million surgical and 17.5 million non-surgical procedures. This surge in minimally invasive procedures is expected to propel the growth of the cosmetic laser market.

In September 2021, Boston Scientific, a US-based medical devices company, completed the acquisition of Lumenis for $1.07 billion. This strategic move aimed to broaden Boston Scientific's surgical portfolio by leveraging Lumenis's expertise in the expanding aesthetic and vision segments. Lumenis, an Israel-based company, specializes in cosmetic laser technologies.

Major companies operating in the cosmetic lasers market report are Cynosure Inc., Lumenis, Candela Medical, Solta Medical International Inc., Cutera Inc., El.En. SpA, Alma Lasers Ltd., Sciton Inc., Aerolase Corporation, Lynton Lasers Ltd., Evolve Med Spa, Cosderma, Beijing ADSS Development Co. Ltd., Array Medical, China Daheng Group Inc., Guangzhou Graceful Beauty Equipment Co. Ltd., Sincoheren IPL Laser Aesthetic Inc., Aman Tokyo Spa, Trumps Spa, Chuan Spa, Shanghai Fosun Pharmaceutical (group) co. ltd., LASERAID UK, Laser And Asthetics, Polaris Medical, All4lasers, Exerter Medical, Lanserhof, Ritz Carlton, Clarins, Fonteverde, Lefay Resort & Spa Lago Di Garda, Chelsea Day Spa, Nirvana Spa, Four Seasons Spa, The Bulgari Spa, Thermae Bath Spa, Terme Di Saturnia, L'Oreal, The Massage Company, ADSS lasers, Medicalliance, Jeisys, ASP medica, Alto Senso, Amoveo Spa, Vremya SPA, Karuna Spa, Expat Salon, Carolline Thai Spa, Oasis Beauty Day Spa, Isla Masaż & Spa, Aerolase, Strata Skin Sciences, Viora, Bausch Health, MicroAire Surgical, Fotona LLC, Galderma Laboratories LP, Syneron Medical Inc., Arak Medical Equipment Company, De Nova Laser Cosmetic Center, Premium Cosmetic Laser Center, Cosmolaser Medical Centre, Dubai Derma, Derma zone Laser & Cosmetic Center, Royalty Laser Cosmetic Center, Majestic Dermatology, Grandville Medical Group, Nigermed Skin Care, Sternlaser, Technolase Medical Laser Technologies, BSE Aesthetics, Ghana Medical Beauty Equipment, Sudan Diode Laser Machine, BASF, Elana Jade Beauty Spa.

North America was the largest region in the cosmetic lasers market in 2023. Asia-Pacific was the second largest market in the cosmetic lasers market. The regions covered in the cosmetic lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cosmetic lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

These lasers primarily fall into two categories such as standalone and multiplatform lasers. Standalone lasers possess a single wavelength and limited applicators for specific indications. They include yag, carbon dioxide, erbium, intense pulsed light (IPL), radiofrequency, among others. These lasers cater to various applications such as hair removal, skin resurfacing, vascular lesions, scar/acne removal, body contouring, and find utility across hospitals, skincare clinics, and cosmetic surgery centers.

The cosmetic lasers market research report is one of a series of new reports that provides cosmetic lasers market statistics, including cosmetic lasers industry global market size, regional shares, competitors with a cosmetic lasers market share, detailed cosmetic lasers market segments, market trends and opportunities, and any further data you may need to thrive in the cosmetic lasers industry. This cosmetic lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cosmetic lasers market consists of sales of Alexandrite Lasers, Erbium Lasers, Pulsed Dye Lasers, and Nd:YAG Lasers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.