Australia Skin Laser Market To Grow Substantially At A CAGR Of 6.3% During 2022 To 2030Posted by rahul nikade on January 12th, 2023 Australia Skin Laser Industry Overview The Australia skin laser market size was estimated at USD 328.9 million in 2021 and is expected to expand at a CAGR of 6.3% from 2022 to 2030. Growing esthetic consciousness and increasing awareness about physical grooming have led to high demand for skin laser treatments in Australia. In addition, with the introduction of effective and safe laser resurfacing devices, the preference for non-invasive techniques in aesthetics is increasing. Rapid technological advancements have also led to novel product development. The Australia Ablative Skin Laser segment is expected to witness compound annual growth of 6.1% during the forecast period. The outbreak of COVID-19 led many aesthetic facilities to completely halt their services and permanently cancel appointments as they were considered non-essential and high contact in nature. Esthetic treatments like laser resurfacing also witnessed a setback and the number of procedures declined due to the pandemic. However, the number of people willing to undergo cosmetic treatments has increased, which might drive the demand for skin laser treatments in the country. Gather more insights about the market drivers, restrains and growth of the Australia Skin Laser Market There has been a drastic shift from using conventional products to technologically advanced equipment, which is assisting in better diagnosis, prevention, & treatment of various skin diseases and improving aesthetic appeal. The advent of technologically advanced non-invasive laser therapies has led to high demand for laser skin treatments in the country. According to the Australian Laser Clinic, Alexandrite GentleLase Laser by Candela is the fastest-growing laser system in the country for laser treatment, as it has an in-built cooling device that offers pain-free and effective treatment. The increasing prevalence of skin conditions is a significant factor leading to an increase in the demand for laser resurfacing devices, thus driving the market growth. Skin conditions most commonly affect immunosuppressed individuals who are easily infected by bacteria, fungi, and other disease-causing organisms. There have been much research data published on the prevalence of skin diseases in Australia. In general, the conditions seen in dermatology clinics and general practices are similar in scope to other Western countries. However, various studies show that skin cancer and other related conditions are more prevalent in Australia and New Zealand than in the UK, presumably primarily due to the high environmental exposure to ultraviolet radiation. The rising exposure of social media platforms and increasing awareness of advanced as well as effective laser resurfacing treatments are boosting the growth of the market. According to Yellow Social Media Report 2020, around 15% of Australians were more likely to buy a product or a service from brands that are promoted by celebrities or social influencers, while 63% said that celebrity/social influencer endorsements reduce their purchase likelihood. Moreover, the study revealed that around 23% of Australians use social media to get information regarding a brand, business, or product. The pandemic affected the global aesthetic industry as governments in many countries mandated temporary shutdowns of aesthetic facilities the same was the case in Australia. Most of the dermatology and aesthetic clinics, including the Australian Laser Clinic, Result Laser Clinics, and Skin Laser Clinic, were closed in line with the lockdown announced by the government. Beauty and aesthetic clinics were shut in Queensland, New South Wales, Western & Southern Australia, and Victoria until the end of August 2021 due to increasing per day cases. Browse through Grand View Research's Medical Devices Industry Research Reports.
Australia Skin Laser Market Segmentation Grand View Research has segmented the Australia skin laser market on the basis of technology type, product, and application: Australia Skin Laser Technology Type Outlook (Revenue, USD Million, 2018 - 2030)
Australia Skin Laser Product Outlook (Revenue, USD Million, 2018 - 2030)
Australia Skin Laser Application Outlook (Revenue, USD Million, 2018 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the Australia skin laser market include
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