Aesthetic Lasers Market : Industry Outlook and Trend Analysis
The Aesthetic Lasers Market was worth USD 0.45 billion in 2014 and is expected to reach approximately USD 1.64 billion by 2023, while registering itself at a compound annual growth rate CAGR of 15.43% during the forecast period. The inclination for lasers is anticipated to develop at a fast rate because of aging baby boomers and rising discretionary income of the middle class population to spend on cosmetic procedures. In 2015, the aggregate expense on cosmetic procedures was USD 12 billion. Astoundingly, 43% development in male participation was seen more than 5 years. This creates as a lucrative opportunity for organizations to target men for nonsurgical cosmetic surgeries. Nations, for example, Japan have reduced stringency in their regulations with a specific end goal to expand the products and administrations to satisfy the rising interest
Type Outlook and Trend Analysis
On the basis of type, the aesthetic/cosmetic lasers market is divided into independent lasers and multiplatform lasers. In this market, multiplatform lasers are the quickest growing fragment as they give upgradeable and adaptable hybrid systems that can treat various signs. Certain aspects, for example, multiplatform lasers give clinicians the adaptability and flexibility of a few independent frameworks in a solitary package, and offer combination therapy to synergistically treat a solitary sign or give treatment tending to different components of any sign is adding to the high development of this section in the figure time frame.
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Application Outlook and Trend Analysis
In 2015, laser hair removal ruled the aesthetic lasers market based on procedure volume. Developing consciousness of Aesthetic and concepts of modifying beauty are the primary variables driving development of this portion. Customary hair removal techniques turn out to be tedious and are not effective in the present quick moving way of life. Laser hair removal gives a perpetual solution for clients, thereby raising its demand. The cost of hair removal procedure is similarly not as much as other cosmetic procedures making it reasonable and less expensive in long run.
Cooling Mechanism Outlook and Trend Analysis
Submicron nanoparticles discharged amid laser hair removal have been appeared to contain concoction mixes, including carcinogens agents and environmental poisons. It is extremely important to carry out appropriate cooling as the limit measurements of incident laser shaft for epidermal damage can be near the edge for evacuation of the chromophore, accordingly scrutinizing the organization of high dosages. Patients with darker skin-tone are more vulnerable to these issues because of their expanded epidermal melanin which contends as a huge chromophore for laser energy, prompting expanded rate of blistering, pain, dyspigmentation and scarring. Cooling helps to protect the epidermis, due to which high fluency laser beams can be delivered to the skin. Post procedure, application of ice and cooling gels are the main types of external cooling in aesthetic laser procedures.
Regional Outlook and Trend Analysis
North America ruled the market attributable to the developing awareness regarding aesthetic procedures among the elderly populace and rapid progressions in technology. The producers contend vigorously for major share of the overall industry in this area. Because of the lack of expert preparing for Esthetic strategies, organizations fuse training activities by using their own items for healthcare practitioners, accordingly boosting their sales. Asia Pacific is the quickest developing locale because of its extensive aging populace base and nearly lesser costs of procedures.
Competitive Insights
The leading players in the market are Syneron Medical Ltd, Cynosure, Inc., El.En SpA, Cutera, Inc., Alma Lasers, Lumenis Ltd., Sciton, Inc., Aerolase, Sharplight Technologies Ltd., Solta Medical, Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Aesthetic Lasers Market is segmented as follows-
By Type
Multiplatform Laser Devices
Standalone Laser Devices
Pulsed Dye Lasers PDL
Alexandrite Lasers
Diode Lasers
Carbon Dioxide CO2 Lasers
Erbium YAG Lasers
Nd:Yag Lasers
Other Devices
By Application
IPL Laser Treatment
Laser-Assisted Lipoplasty
Laser Skin Resurfacing
Laser Hair Removal
Noninvasive Tightening
By Cooling Mechanism
External
Internal
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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