San Francisco, 27 March 2019: The Report Aesthetic Lasers Market Analysis by Application (IPL Laser Treatment, Laser Skin
Resurfacing, Noninvasive Tightening, Laser-Assisted Lipoplasty, Laser Hair
Removal), and Segment Forecasts to 2024
The global aesthetic
lasers market is
expected to reach USD 1.8 billion by 2024, according to a new report by Grand
View Research, Inc. The demand is expected to upsurge due to aging population,
high prevalence of obesity, and wide range of safe and effective treatments.
Moreover, growing awareness about the safety and efficacy of lasers coupled
with its ease of use is also expected to propel its cosmetic applications.
Advancement
of technology has made needle-free procedures possible, thus boosting the rate
of adoption of laser treatments. Young population also opts for cosmetic
procedures as preventive measures for and to slow down the aging process.
Companies
operating in this market are making huge investments in research and
development of new products and holding patents. For instance, in 2014, Cutera
(provider of energy-based medical Aesthetic technologies) invested USD 10.5
million for pure research purposes and holds 34 patents along with5 patent
applications in the pipeline.
Stringent
regulations for the cosmetic laser products are projected to ensure increasing
efficiency of the devices while treating the skin without any adverse effects.
The manufacturers of laser devices have to comply with the Federal Food, Drug,
and Cosmetic Act in addition to radiation safety performance standards defined
by the Federal Regulations.
In
April 2016, Oculus Innovative Sciences, Inc. received the FDA approval for
Microcyn-based Lasercyn Gel, intended for post-non-ablative laser therapy
procedures management
Access
Research Report of Aesthetic Lasers Market @ http://www.grandviewresearch.com/industry-analysis/aesthetic-lasers-market
Further Key Findings
from the Study Suggests:
· Hair
removal is the fourth most common minimally invasive procedure across the globe
with approximately 1 million procedures done in the year 2011.It dominated the
application segment in terms of number of procedures owing to the changing
beliefs of beauty and lifestyle.
· Conventional
hair removal methods are painful and temporary. Thus, using lasers for
permanent hair removal proves to be efficient. Also, growing safety assurance
results in more people opting for it. Almost 97% people who have undergone the
procedure report satisfactory outcomes.
· Laser
skin resurfacing segment is expected to grow at a rapid rate over the forecast
period. This is attributed to the fact that it reduces the signs of aging and
improves skin texture, tone, & laxity. Furthermore, increasing innovation
and technological advancements brought in by the market players are expected to
propel demand of the segment in the coming years.
· For
instance, Sciton JOULE is an expandable platform that offers an unprecedented
laser array and light wavelengths via any of its three distinct delivery modes
that are broadband light, fiber, and arm, enabling practitioners with the
maximum versatility to perform surgical and Aesthetic procedures from a single
platform. It is the first OptiPlex platform to accommodate abovementioned three
distinct delivery modes.
· Some
incredible creative solutions have been prompted with the increasing demand for
laser skin resurfacing. In 2010, Solta Medical (fractional resurfacing and
noninvasive skin tightening pioneer) announced an FDA clearance of Fraxel
restore Dual for treating actinic keratosis.
· North
America dominated the market in 2015. It is due to the early acceptance of
laser technology and growing awareness about lasers and its efficiency in
treating all the skin type.
· The
prevalence of medical spas is very high in this region. In 2012, approximately
2,100 med spas were operative in the U.S., generating revenue USD 1.94 billion
per year. This number grew to USD 3.6 billion in 2016. Growing emphasis on
beauty and attractiveness and its direct impact on success are expected to
further increase the market share of the region.
· Some
key players are Solta Medical, Inc. (acquired by Valeant Pharmaceuticals);
Lumenis; Cynosure, Inc.; STRATA Skin Sciences; Syneron Medical Ltd., Lutronic,
Cutera, Viora, Lynton Lasers, and Sciton, Inc.
· The
industry is experiencing many mergers and acquisitions between competitors. In
December 2014, Valeant Pharmaceuticals International acquired Solta Medical,
Inc. in USD 236 million.
· In
2015, Mela Sciences acquired XTRAC and VTRAC laser and lamp systems from
PhotoMedex, Inc. in USD 42.5 million. Moreover, the company was renamed to
Strata Skin Sciences.
Browse more
reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the global aesthetic lasers market on the basis of
application and regions:
Aesthetic Lasers Application Outlook
(Revenue, USD Million, 2013 - 2024)
·
IPL
Laser Treatment
·
Laser
Skin Resurfacing
·
Noninvasive
Tightening
·
Laser-Assisted
Lipoplasty
·
Laser
Hair Removal
Aesthetic Lasers Regional Outlook (Revenue,
USD Million, 2013 - 2024)
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
MEA
Access Press Release of Aesthetic Lasers Market@ https://www.grandviewresearch.com/press-release/global-aesthetic-lasers-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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