Aesthetic/Cosmetic Lasers Market

Aesthetic/Cosmetic Lasers Market by Type (Standalone (CO2, Er:YAG, Diode, Nd:YAG, Alexandrite, Pulsed-Dye), Multiplatform), Application (Acne, Scars, Tattoo Removal, Varicose Veins), End User (Hospitals, Medical Spa, Private clinics) - Forecasts to 2021

Report Code: MD 4678 Oct, 2016, by marketsandmarkets.com

The global aesthetic lasers market is estimated to grow at a CAGR of 10.2% during the forecast period, to reach USD 1,132.7 Million by 2021. Growing adoption of noninvasive procedures, changing lifestyles, rising incidence of skin damage, reduction in procedural costs, and rise in medical tourism devices are the major factors driving the growth of the aesthetic lasers market. However, the rising adoption of energy-based devices and low focus of market players on aesthetic/cosmetic devices are restraining the growth of this market.

Years considered for this report

  • 2015 – Base Year
  • 2016 – Estimated Year
  • 2021 – Projected Year

Research Methodology

This study estimates the market size for 2016 and projects its demand till 2021. Primary and secondary research was used to for market estimation and forecast. Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the market. For market engineering process both top-down and bottom-up approaches and several data triangulations were used for market estimation and market forecasting for the overall market segments and sub-segments of market. All possible factors that affect the market included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was combined and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

In this report, the global aesthetic lasers market is segmented on the basis of type, application, end user, and region.

Based on type, the aesthetic/cosmetic lasers type market is segmented into standalone lasers and multiplatform lasers. In this market, multiplatform lasers formed the fastest-growing segment as they provide scalable and upgradeable hybrid systems that can treat multiple indications. Factors such as multiplatform lasers provide clinicians the flexibility and versatility of several standalone systems in a single package, and provide combination therapy to synergistically treat a single indication or provide treatment addressing multiple elements of any indication is contributing to the high growth of this segment in the forecast period.

Based on application, the aesthetic/cosmetic lasers type market is segmented into vascular lesions, acne & scars, pigmented lesions & tattoos, hair removal, skin rejuvenation, leg veins & varicose veins, and other applications (onychomycosis and gynecological conditions). The hair removal segment accounted for the largest share of the market due to factors such as high adoption of aesthetic procedures, developments in the laser technology, increased focus on body appearance, and high disposable income.

Based on end user, the aesthetic/cosmetic lasers type market is segmented into hospitals, private clinics, and medical spas. The private clinics segment accounted for the largest share in 2016 owing to the rising number of aesthetic/cosmetic procedures across the globe, increasing awareness about various aesthetic procedures and their benefits, growing preference of the patients for minimal invasive cosmetic surgeries, and growth in the number of private clinics and surgeons providing these treatments.

Industry trends such as social media marketing and increasing consolidations of manufacturers and suppliers of aesthetic lasers products is further driving the growth of this market. Major players in the aesthetic 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.).

Target Audience:

  • Aesthetic/Cosmetic Lasers Manufacturers
  • Aesthetic/Cosmetic Lasers Distributors and Wholesalers
  • Various Research and Consulting Firms
  • Research Institutes
  • Contract Manufacturing Organizations (CMOs)
  • Original Equipment Manufacturers (OEMs)

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

  • This study covers the global and regional market for the global aesthetic/cosmetic lasers by type, application, end user, and region

Particular

Scope

Region

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Historical Years

2014

Base Year

2015

Estimated Year

2016

Forecast Period

2016–2021

Revenue Currency

USD

Aesthetic Lasers Market Segmentation

Market, by Type

  • Standalone Laser Devices
    • Carbon Dioxide (CO2) Lasers
    • Erbium YAG Lasers
    • Diode Lasers
    • Pulsed Dye Lasers (PDL)
    • Nd:Yag Lasers
    • Alexandrite Lasers
    • Other Devices (Ruby, Argon, Krypton, and Erbium:glass Lasers)
  • Multiplatform Laser Devices

Market, by Application

  • Vascular Lesions, Acne, & Scars
  • Pigmented Lesions & Tattoos
  • Hair Removal
  • Skin Rejuvenation
  • Leg Veins & Varicose Veins
  • Other Applications (Onychomycosis, Gynecological Conditions)

Market, by End User

  • Hospitals
  • Private Clinics
  • Medical Spas

Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the European market into Germany, France, the U.K., Italy, and Spain
  • Further breakdown of the APAC market into India, China, Japan, Australia, and South Korea

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

The aesthetic lasers market is projected to reach USD 1,132.7 Million by 2021 from USD 697.6 Million in 2016, growing at a CAGR of 10.2% during the forecast period. Increasing preference for noninvasive cosmetic procedures, increasing disposable income, technological advancements, and rising medical tourism are the major drivers of the aesthetic lasers market. However, lack of reimbursement will restrain the growth of this market.

The aesthetic lasers market is segmented on the basis of type, application, end user, and region. On the basis of type, the market is segmented into standalone lasers and multiplatform lasers. Standalone lasers are further segmented into carbon dioxide (CO2) lasers, erbium YAG lasers, diode lasers, pulsed dye lasers, Nd:YAG lasers, alexandrite lasers, other standalone lasers (argon, ruby, krypton lasers, and erbium:glass lasers). Standalone lasers have advantages such as simplicity of functioning and ease of use which has significantly boosted their adoption and accounts for the highest market share of the aesthetic lasers market in 2016.

On the basis of application, the market is segmented into vascular lesions, acne, & scars, pigmented lesions & tattoos, hair removal, skin rejuvenation, leg veins & varicose veins, and other applications (onychomycosis and gynaecological conditions). The hair removal segment is expected to account for the largest share of the market in 2016.

On the basis of end user, the cosmetic lasers market is segmented into hospitals, private clinics, and medical spas. The private clinics segment is projected to grow at the highest CAGR, primarily due to the increasing number of clinics and disposable income in emerging economies such as China and India, adoption of new technologies, increasing preference for noninvasive procedures, and reduced cost for laser based treatments.

The market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Among these regional segments, North America is expected to account for the largest share of the global aesthetic lasers market. However, the Asia-pacific is expected to grow at the highest CAGR during the forecast period. The high growth in this regional segment can be attributed to factors changing lifestyles, rising incidences of skin damage, and increasing medical tourism in the region will drive the growth of this market.

Cosmetic Lasers Market - By Region 2021

Major players in the 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.).

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Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Cosmetic Lasers Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Aesthetic Lasers Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Assumptions for the Study

3 Executive Summary (Page No. - 26)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 31)
    4.1 Cosmetic Lasers: Market Overview
    4.2 Cosmetic Lasers Market Size, By Type, 2016 vs 2021 (USD Million)
    4.3 Standalone Lasers Market Size, By Type, 2016 vs 2021 (USD Million)
    4.4 Market Size, By Application, 2016 vs 2021 (USD Million)
    4.5 Geographic Analysis: Market, By End User
    4.6 Market: Geographic Snapshot

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Cosmetic Lasers Market Dynamics
           5.2.1 Market Drivers
                     5.2.1.1 Growing Adoption of Non-Invasive Aesthetic Procedures
                     5.2.1.2 Changing Lifestyle and Growing Disposable Income
                     5.2.1.3 Technological Advancements
                     5.2.1.4 Growing Medical Tourism
           5.2.2 Market Restraints
                     5.2.2.1 Social Stigma Associated With Cosmetic Treatments
                     5.2.2.2 Low Focus of Market Players on Aesthetic Devices
                     5.2.2.3 Stringent Safety Regulations for Aesthetic Procedures
           5.2.3 Market Opportunities
                     5.2.3.1 Emerging Markets Offer Lucrative Growth Opportunities
                     5.2.3.2 Development of Low-Cost osmetic Lasers
           5.2.4 Market Challenges
                     5.2.4.1 Sustainability of Players in the Highly Competitive Market
                     5.2.4.2 Rising Adoption of Branded Beauty and Cosmetic Products

6 Industry Insights (Page No. - 43)
    6.1 Introduction
    6.2 Industry Trends
           6.2.1 Increase in Number of Aesthetic Procedures Driven By Social Media
           6.2.2 Industry Consolidation
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Market, By Type (Page No. - 47)
    7.1 Introduction
    7.2 Standalone Lasers
           7.2.1 Carbon Dioxide (Co2) Laser
           7.2.2 Er:YAG (Erbium YAG) Laser
           7.2.3 Diode Lasers
           7.2.4 Pulsed Dye Lasers
           7.2.5 Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser
           7.2.6 Alexandrite Lasers
           7.2.7 Other Standalone Lasers
    7.3 Multiplatform Lasers

8 Market, By Application (Page No. - 58)
    8.1 Introduction
    8.2 Hair Removal
    8.3 Skin Rejuvenation
    8.4 Vascular Lesions, Acne, and Scars
    8.5 Pigmented Lesion & Tattoo Removal
    8.6 Leg and Varicose Veins
    8.7 Other Applications

9 Market, By End User (Page No. - 66)
    9.1 Introduction
    9.2 Private Clinics
    9.3 Hospitals
    9.4 Medical SpAs

10 Market, By Region (Page No. - 71)
     10.1 Introduction
     10.2 North America
               10.2.1 U.S.
                           10.2.1.1 Rising Number of Aesthetic Procedures Conducted
                           10.2.1.2 Increasing Demand for Aesthetic Procedures Among the Male Population
                           10.2.1.3 Rising Acceptance of Cosmetic and Aesthetic Procedures Among Aging Population
               10.2.2 Canada
     10.3 Europe
               10.3.1 Germany
               10.3.2 France
               10.3.3 U.K.
               10.3.4 Rest of Europe (RoE)
     10.4 Asia-Pacific (APAC)
               10.4.1 China
               10.4.2 Japan
               10.4.3 India
               10.4.4 Rest of Asia-Pacific (RoAPAC)
     10.5 Rest of the World (RoW)

11 Competitive Landscape (Page No. - 111)
     11.1 Overview
     11.2 Market Share Analysis
               11.2.1 Introduction
     11.3 Competitive Situation and Trends
               11.3.1 New Product Launches, Product Upgrades, and Approvals
               11.3.2 Acquisition
               11.3.3 Partnerships, Agreements, Collaboration, and Contracts
               11.3.4 Expansion

12 Company Profiles (Page No. - 117)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     12.1 Cynosure, Inc.
     12.2 Syneron Medical Ltd.
     12.3 Lumenis Ltd.
     12.4 Cutera, Inc.
     12.5 Solta Medical, Inc.
     12.6 El.En SpA
     12.7 Alma Lasers
     12.8 Sciton, Inc.
     12.9 Aerolase
     12.10 Sharplight Technologies Ltd.

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 140)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customization
     13.6 Related Reports


List of Tables (88 Tables)

Table 1 Major Mergers & Acquisitions in the Cosmetic Lasers Industry
Table 2 Aesthetic Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 3 Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 4 Standalone Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 5 Carbon Dioxide Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 6 Er:YAG Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 7 Diode Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 8 Pulsed Dye Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 9 Nd:YAG Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 10 Alexandrite Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 11 Other Standalone Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 12 Global Multiplatform Lasers Market Size, By Region, 2014-2021 (USD Million)
Table 13 Aesthetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 14 Market Size for Hair Removal, By Region, 2014-2021 (USD Million)
Table 15 Market Size for Skin Rejuvenation, By Region, 2014-2021 (USD Million)
Table 16 Market Size for Vascular Lesions, Acne, and Scars, By Region, 2014-2021 (USD Million)
Table 17 Market Size for Pigmented Lesion and Tattoo Removal, By Region, 2014-2021 (USD Million)
Table 18 Aesthetic Lasers Market Size for Leg and Varicose Veins, By Region, 2014-2021 (USD Million)
Table 19 Cosmetic Lasers Market Size for Other Applications, By Region, 2014-2021 (USD Million)
Table 20 Market Size, By End User, 2014-2021 (USD Million)
Table 21 Market Size for Private Clinics, By Region, 2014-2021 (USD Million)
Table 22 Aesthetic Lasers Market Size for Hospitals, By Region, 2014-2021 (USD Million)
Table 23 Market Size for Medical SpAs, By Region, 2014-2021 (USD Million)
Table 24 Market Size, By Region, 2014-2021 (USD Million)
Table 25 North America: Aesthetic Lasers Market Size, By Country, 2014-2021 (USD Million)
Table 26 North America: Market Size, By Type, 2014-2021 (USD Million)
Table 27 North America: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 28 North America: Aesthetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 29 North America: Market Size, By End User, 2014-2021 (USD Million)
Table 30 U.S.: Aesthetic Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 31 U.S.: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 32 U.S.: Market Size, By Application, 2014-2021 (USD Million)
Table 33 U.S.: Aesthetic  Lasers Market Size, By End User, 2014-2021 (USD Million)
Table 34 Canada: Market Size, By Type, 2014-2021 (USD Million)
Table 35 Canada: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 36 Canada: Market Size, By Application, 2014-2021 (USD Million)
Table 37 Canada: Aesthetic Lasers Market Size, By End User, 2014-2021 (USD Million)
Table 38 Europe: Market Size, By Country, 2014-2021 (USD Million)
Table 39 Europe: Market Size, By Type, 2014-2021 (USD Million)
Table 40 Europe: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 41 Europe: Aesthetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 42 Europe: Market Size, By End User, 2014-2021 (USD Million)
Table 43 Germany: Market Size, By Type, 2014-2021 (USD Million)
Table 44 Germany: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 45 Germany: Cosmetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 46 Germany: Market Size, By End User, 2014-2021 (USD Million)
Table 47 France: Market Size, By Type, 2014-2021 (USD Million)
Table 48 France: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 49 France: Market Size, By Application, 2014-2021 (USD Million)
Table 50 France: Market Size, By End User, 2014-2021 (USD Million)
Table 51 U.K.: Market Size, By Type, 2014-2021 (USD Million)
Table 52 U.K.: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 53 U.K.: Cosmetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 54 U.K.: Market Size, By End User, 2014-2021 (USD Million)
Table 55 RoE: Market Size, By Type, 2014-2021 (USD Million)
Table 56 RoE: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 57 RoE: Market Size, By Application, 2014-2021 (USD Million)
Table 58 RoE: Aesthetic Lasers Market Size, By End User, 2014-2021 (USD Million)
Table 59 Asia-Pacific: Market Size, By Country, 2014-2021 (USD Million)
Table 60 Asia-Pacific: Market Size, By Type, 2014-2021 (USD Million)
Table 61 Asia-Pacific: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 62 Asia-Pacific: Market Size, By Application, 2014-2021 (USD Million)
Table 63 Asia-Pacific: Market Size, By End User, 2014-2021 (USD Million)
Table 64 China: Market Size, By Type, 2014-2021 (USD Million)
Table 65 China: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 66 China: Aesthetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 67 China: Market Size, By End User, 2014-2021 (USD Million)
Table 68 Japan: Market Size, By Type, 2014-2021 (USD Million)
Table 69 Japan: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 70 Japan: Market Size, By Application, 2014-2021 (USD Million)
Table 71 Japan: Market Size, By End User, 2014-2021 (USD Million)
Table 72 India: Market Size, By Type, 2014-2021 (USD Million)
Table 73 India: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 74 India: Market Size, By Application, 2014-2021 (USD Million)
Table 75 India: Aesthetic Lasers Market Size, By End User, 2014-2021 (USD Million)
Table 76 RoAPAC: Market Size, By Type, 2014-2021 (USD Million)
Table 77 RoAPAC: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 78 RoAPAC: Aesthetic Lasers Market Size, By Application, 2014-2021 (USD Million)
Table 79 RoAPAC: Market Size, By End User, 2014-2021 (USD Million)
Table 80 RoW: Market Size, By Type, 2014-2021 (USD Million)
Table 81 RoW: Standalone Lasers Market Size, By Type, 2014-2021 (USD Million)
Table 82 RoW: Market Size, By Application, 2014-2021 (USD Million)
Table 83 RoW: Market Size, By End User, 2014-2021 (USD Million)
Table 84 New Product Launches, Product Upgrades, and Approvals (2013-2016)
Table 85 Acquisitions (2013-2016)
Table 86 Partnerships, Agreements, Collaborations, and Contracts (2012-2016)
Table 87 Expansions (2013-2016)
Table 88 Exchange Rate (Utilized for the Conversion of Euro to USD):
 
 
List of Figures (43 Figures)
 
Figure 1 Cosmetic Lasers Market
Figure 2 Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Key Data From Secondary Sources
Figure 8 Key Data Points From Primary Sources
Figure 9 Global Market Size, By Type, 2016 vs 2021
Figure 10 Global Standalone Lasers Market Size, By Type, 2016 vs 2021
Figure 11 Global Market Size, By Application, 2016 vs 2021
Figure 12 Global Aesthetic Lasers Market Size, By End User, 2016 vs 2021
Figure 13 Geographical Snapshot of the osmetic Lasers Market
Figure 14 Increasing Number of Nonsurgical Cosmetic Procedures: Major Factors Driving the Growth of the Market
Figure 15 Standalone Lasers to Account for the Largest Market Share in 2016
Figure 16 Nd:YAG Lasers to Witness Highest Growth During the Forecast Period
Figure 17 Hair Removal to Account for the Largest Share During the Forecast Period
Figure 18 Private Clinics to Account for the Largest Share in 2016
Figure 19 Asia to Witness the Highest CAGR in the Forecast Period
Figure 20 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Key Industry Trends: Market
Figure 22 Market: Porter’s Five Forces Analysis
Figure 23 Standalone Lasers to Hold Largest Share of the Market, By Type
Figure 24 North America to Dominate the Standalone Lasers Market During the Forecast Period
Figure 25 North America Dominated the Multiplatform Lasers Market in 2016
Figure 26 Cosmetic Lasers Market, By Application
Figure 27 Private Clinics to Witness Highest Growth During Forecast Period
Figure 28 North America: Market Snapshot (2016)
Figure 29 Europe: Market Snapshot (2016)
Figure 30 Asia-Pacific: Market Snapshot (2016)
Figure 31 RoW Market Snapshot (2016)
Figure 32 Market, By Key Player, 2015
Figure 33 New Product Launches the Most Preferred Strategy Adopted By Key Players in the Market
Figure 34 Market Evolution Framework: Partnerships, Agreements, Contracts, and Collaborations are Fueling Market Growth
Figure 35 Battle for Market Share: Partnerships, Collaboration, Agreements, and Contracts, the Key Strategies Adopted By Market Players
Figure 36 Geographic Revenue Mix for the Top 5 Players in the Cosmetic Lasers Market
Figure 37 Cynosure, Inc.: Company Snapshot
Figure 38 Syneron Medical Ltd.: Company Snapshot
Figure 39 Lumenis: Company Snapshot
Figure 40 Cutera, Inc.: Company Snapshot
Figure 41 Valeant Pharmaceuticals International, Inc.: Company Snapshot
Figure 42 El.En. SpA: Company Snapshot
Figure 43 Shanghai Fosun Pharmaceutical (Group) Co., Ltd.: Company Snapshot


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