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New Product Launches, Acquisitions, Collaborations, and Expansions are the Driving Factors for Aesthetic/Cosmetic Lasers Market In 2016
Major players in the aesthetic/cosmetic lasers market include Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc. (U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and Solta Medical (U.S.).
The global aesthetic/cosmetic lasers market is dominated by Cynosure (U.S.), Syneron Medical (Israel), Lumenis Ltd. (Israel), and Cutera, Inc. (U.S.), owing to their global presence and broad product portfolio in the global aesthetic/cosmetic lasers market.
Among the top five players in the aesthetic/cosmetic lasers market, Cynosure, Inc. (U.S.) held the largest market share in 2016. The leading position of the company is attributed to its product portfolio that utilizes a broad range of energy sources including alexandrite, diode, Nd:YAG, pulse dye, intense pulse light, and RF technology. To maintain its leading position in the market, the company focuses on securing approvals for their products. In May 2016, the company received approval from the U.S. FDA to market its PicoSure system and in July 2016, the company received approval from the Korean Ministry of Food and Drug Safety to market its SculpSure System in South Korea.
Syneron Medical, Inc. (U.S.), a global aesthetic/cosmetic lasers products providing company, offers solutions for a range of medical-aesthetic applications such as skin rejuvenation, skin resurfacing and wrinkle reduction, vascular lesions, tattoo removal, removal of benign pigmented lesions, acne and scars, and treatment of varicose veins. To maintain its strong position in the market, the company focuses on growth strategies such as product approvals, new product launches, and acquisitions. In October 2015, Syneron launched the PicoWay Resolve, a dual-wavelength fractional modality for the PicoWay picosecond laser, at the 24th European Academy of Dermatology and Venereology (EADV) Congress in Copenhagen, Denmark.
Companies in the aesthetic/cosmetic lasers market are majorly focusing on new product launches and acquisitions. These strategies accounted for 74% of the total number of developments adopted by key players in this market. In November 2015, Lumenis launched the UltraPulse DUO CO2 laser system and the FemTouch solution. Both systems offer advanced treatments for a variety of fertility-related and vaginal health conditions. This enhanced the company’s medical aesthetics product portfolio. In August 2014, Syneron Medical, Inc. (U.S.) launched its proprietary headpiece featuring a new 5-millimeter spot size for the Gentle Pro Nd:YAG Laser Series. This expanded the functionality of the GentleYAG Pro and GentleMax Pro Nd:YAG laser to treat onychomycosis (nail fungus).
Aesthetic/Cosmetic Lasers Market by Type (Standalone (CO2, Er:YAG, Diode, Nd:YAG, Alexandrite, Pulsed-Dye), Multiplatform), by Application (Acne, Scars, Tattoo Removal, Varicose Veins), by End User (Hospitals, Medical Spa, Private clinics) - Forecasts to 2021
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