Market Overview:
The global medical and beauty laser market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive procedures, technological advancements in medical lasers, and rising awareness about laser-based treatments. The medical laser segment is expected to grow at a CAGR of 8.0% from 2018 to 2030, while the beauty laser segment is expected to grow at a CAGR of 6.8%. By application, the hospital segment is expected to account for the majority share of the global medical and beauty laser market in 2018, followed by the beauty salon segment.
Product Definition:
Medical lasers are used in medicine for a variety of purposes, including surgery, cosmetic treatments, and laser therapy.
Beauty lasers are used for skin treatments such as hair removal, acne treatment, and wrinkle reduction.
Medical Laser:
A medical laser is a tool that emits light for therapeutic or diagnostic purposes. The most commonly used medical lasers are those used in cosmetic procedures such as skin rejuvenation, hair removal, and tattoo removal. Medical lasers can be segmented into two categories: those that operate within the visible spectrum and those that operate outside the visible spectrum.
Beauty Laser:
A beauty laser is a device that emits light for cosmetic or aesthetic purposes. The most common types of beauty lasers are the diode, yttrium aluminum garnet (YAG), and carbon dioxide (CO2). Beauty lasers can be used for various applications such as skin rejuvenation, tattoo removal, hair removal and body contouring. They are also used in medical procedures such as dentistry where they treat tooth decay or infection by breaking down the outer layer of teeth.
Application Insights:
The hospital segment dominated the global medical and beauty laser market, accounting for a revenue share of over 60.0% in 2017. The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, cancer and respiratory disorders is expected to drive demand for lasers in hospitals across the world. For instance, according to a study published by National Cancer Center Japan in 2018; it was found that patients suffering from skin cancer or any other form of cancer treated with surgery had better outcomes when they were referred to oncology clinics rather than general clinics. This finding is expected to positively impact demand for medical lasers during the forecast period.
The beauty salon segment is anticipated register significant growth over the forecast period owing to an increase in consumer disposable income coupled with rising awareness regarding personal grooming habits among consumers globally.
Regional Analysis:
North America dominated the global market in 2017 owing to high adoption of aesthetic laser devices by consumers, increasing demand for anti-aging products and presence of well-established healthcare facilities. Moreover, growing number of dermatology clinics and rising awareness about cosmetic procedures are also expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income coupled with growing consumer awareness regarding various beauty treatments offered by medical as well as non-medical laser centers in countries such as China, Japan, South Korea & India. In addition, increasing prevalence of skin cancer is another factor driving this regional market. For instance; according to NCBI; Asia accounted for 60% (range 41% - 77%) skin cancer cases among all races worldwide in 2016. Thus these factors are expected boost revenue generation from medical and beauty lasers across Asia Pacific during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for minimally invasive cosmetic procedures: The global medical and beauty laser market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for minimally invasive cosmetic procedures, which are less risky and cause minimal pain and scarring.
- Rising prevalence of skin disorders: The global medical and beauty laser market is also driven by the rising prevalence of skin disorders, such as acne, psoriasis, wrinkles, sun damage, age spots, etc., which can be treated with lasers effectively.
- Growing awareness about benefits of laser treatments: There has been a growing awareness about the benefits of laser treatments in recent years among consumers across the globe. This has led to an increase in adoption rates of these treatments for various applications such as hair removal, tattoo removal, wrinkle reduction etc.
- Technological advancements in lasers: The technological advancements in lasers have resulted in better performance and efficiency of these devices over traditional methods such as surgery or injections for various applications including hair removal & growth stimulation; tattoo removal; pigmented lesion treatment; wrinkle reduction & collagen production stimulation; vascular lesions treatment etc., thereby driving market growth further.. 5) Emerging markets offer significant growth potential: The medical and beauty laser market offers significant growth potential especially from emerging markets such as China India , Brazil , Mexico South Africa . These countries are expected to witness high double-digit CAGRs during
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical and Beauty Laser Market Research Report
By Type
Medical Laser, Beauty Laser
By Application
Hospital, Beauty Salon
By Companies
Alcon, Cynosure, IRIDEX, Lumenis, Syneron Medical, Alcon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Medical and Beauty Laser Market Report Segments:
The global Medical and Beauty Laser market is segmented on the basis of:
Types
Medical Laser, Beauty Laser
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Beauty Salon
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcon
- Cynosure
- IRIDEX
- Lumenis
- Syneron Medical
- Alcon
Highlights of The Medical and Beauty Laser Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medical Laser
- Beauty Laser
- By Application:
- Hospital
- Beauty Salon
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical and Beauty Laser Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical and beauty laser is a type of laser that is used to treat medical conditions such as skin cancer, wrinkles, and scars.
Some of the major players in the medical and beauty laser market are Alcon, Cynosure, IRIDEX, Lumenis, Syneron Medical, Alcon.
The medical and beauty laser market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical and Beauty Laser Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical and Beauty Laser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical and Beauty Laser Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical and Beauty Laser Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical and Beauty Laser Market Size & Forecast, 2020-2028
4.5.1 Medical and Beauty Laser Market Size and Y-o-Y Growth
4.5.2 Medical and Beauty Laser Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Medical Laser
5.2.2 Beauty Laser
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Beauty Salon
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical and Beauty Laser Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical and Beauty Laser Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Medical Laser
9.6.2 Beauty Laser
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Beauty Salon
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Medical Laser
10.6.2 Beauty Laser
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Beauty Salon
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Medical Laser
11.6.2 Beauty Laser
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Beauty Salon
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Medical Laser
12.6.2 Beauty Laser
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Beauty Salon
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Medical Laser
13.6.2 Beauty Laser
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Beauty Salon
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical and Beauty Laser Market: Competitive Dashboard
14.2 Global Medical and Beauty Laser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon
14.3.2 Cynosure
14.3.3 IRIDEX
14.3.4 Lumenis
14.3.5 Syneron Medical
14.3.6 Alcon
