Global Cosmetic Laser Market to reach USD 1.149 billion by 2021 ? Market data fo
Posted by MDFtrends on January 4th, 2018
The Global Cosmetic Laser Market size was around USD 698 million in 2016. It is expected to grow at a CAGR of 10.5 % to reach USD 1.149 billion by 2021.
Selective Photo Thermolysis is the principle behind the functioning of Cosmetic lasers devices. They are used in medical field. Thermo refers to produce heat, photo to the frequency of light and lysis means to destroy. These techniques are user-friendly and least invasive.
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Rising disposable incomes, rising medical tourism, technological advancements, steadily growing preference for non-invasive cosmetic procedures are the primary drivers of this market.
Cumbersome administrative framework and lack of reimbursement are the primary restraints of this market.
The global Cosmetic Laser market can be categorized into three categories: by type, by application, by end user. On the basis of type, Cosmetic Laser market is classified into Standalone Lasers (Carbon Dioxide (Co2) Laser, Er:YAG (Erbium YAG) Laser, Diode Lasers, Pulsed Dye Lasers, Neodymium:Yttrium-Aluminum-Garnet (Nd:YAG) Laser, Alexandrite Lasers, Other Standalone Lasers) and Multiplatform Lasers. Standalone lasers are advantageous in many ways for example, ease of use and simplicity of functioning which has significantly increased their adoption and commands the highest market share of the cosmetic lasers market in 2016. If we go by application, Cosmetic Laser market is segmented into Hair Removal, Skin Rejuvenation, Vascular Lesions, Acne, and Scars, Pigmented Lesion & Tattoo Removal, Leg and Varicose Veins, and Other Applications. The hair removal category is estimated to command the largest share of the market in 2016. Last but not the least, on the basis of end user the market is segmented into Private Clinics, Hospitals and Medical Spas. The private clinics segment is estimated to develope at the highest CAGR, because of the rising disposable income and increasing number of clinics in emerging economies such as China and India, acceptance and widespread usage of new technologies, growing preference for non-invasive procedures, and reduced cost for laser based treatments.
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By geography, the global Cosmetic Laser market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share closely followed by Europe while Asia Pacific has the highest CAGR.
Major companies in the Cosmetic Laser market are 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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