Global Aesthetic Lasers And Energy Devices Market Trends and Opportunity Analysis to 2022
Global Aesthetic Lasers and Energy Devices Market Size
Global Aesthetic Lasers and Energy Devices Market estimated to grow at a CAGR of xx% during the forecast time span to reach USD XX Billion by the end of 2022.
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Global Aesthetic Lasers and Energy Devices Market Overview:
In recent years, the cosmetic industry has discovered new and powerful bioactive ingredients, which provide important consumer benefits for the skin. Various technological advances in the aesthetic industry, the increase in disposable income, the increase in awareness of rejuvenation and the appearance of the skin are the main factors behind the demand for cosmetic procedures on the skin industry’s development. The trend towards innovative and advanced surgical devices in the aesthetic industry has continued in recent years. However, non-invasive procedures involving the use of lasers and energy devices have grown rapidly. Laser and energy devices include lasers, light-based systems, ultrasonic devices and radiofrequency devices. These devices often use a combination of energy types to provide the most effective treatment. Aesthetic lasers and energy devices are often used in the treatment of skin and hair, including applications such as skin rejuvenation, tattoo removal and skin firming.
Global Aesthetic Lasers and Energy Devices Market Drivers and restraints:
The technological advances such as the introduction of portable pen-shaped devices are expected to provide this industry with a lucrative growth platform. Cosmetic lasers and energy devices are used to treat sun damage to the skin. Manufacturers are investing heavily in research and development to provide state-of-the-art devices in terms of ease of use, cost savings and high functionality. These factors should drive industry growth during the forecast period. The device of corporal remodeling grants to the greater part of the industry due to its multiple benefits, like the firmness of the skin, the elimination of fat and the physical condition of the body. Body contouring devices are also segmented into ultrasound-assisted liposuction devices, non-invasive devices and invasive devices. However, social stigma and the absence of adequate reimbursement policies are holding back the growth of this Industry.
Global Aesthetic Lasers and Energy Devices Market Geographical segmentation:
Geographically, the Aesthetic Lasers and Energy Devices Market is segmented into North America, Asia-Pacific, Europe, Latin America and MEA. In 2014, North America accounted for most of the industry share for aesthetic lasers and energy devices in terms of revenue. It is also expected to dominate the industry during the forecast period as a result of favorable approval regulations, increased health expenditures and technological advances in aesthetic lasers and energy devices. Europe is expected to show sustained growth over the next eight years, due to the increase in the base of the geriatric population. On the other hand, the Asia-Pacific region is expected to experience profitable growth as a result of the increase in disposable income, the increase in unexploited opportunities and the growing awareness of patients in this region. The industry for aesthetic lasers and energy devices is consolidated by nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and China, to sustain and gain industry penetration across the globe.
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Global Aesthetic Lasers and Energy Devices Market Key Players
Some key players of Aesthetic Lasers and Energy Devices Market include Mentor Corporation, Solta Medical, Inc., Lumenis Ltd., Palomar Medical Technologies, Cynosure Inc., Photomedex Inc., Syneron Medical, Ltd., Medicis Phramaceuticals Corporation, Zeltiq Aesthetics, Lutronic, Inc, Chromognex Technologies Ltd., Cutera Palomar Medical Technologies, Ultrashape Ltd. and Allergan, Inc.
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