Global Aesthetic Lasers and Energy Device Market Size, Share, and COVID-19 Impact Analysis, By Product (Laser Resurfacing Devices, Body Contouring Devices, and Aesthetic Ophthalmology Devices), By Technology (Laser-Based Technology, Light-Based Technology, and Energy-Based Technology), By Application (Hair Removal, Scar Removal/Skin Resurfacing, Skin Rejuvenation, and Skin Tightening), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Global Aesthetic Lasers and Energy Device Market Insights Forecasts to 2033

• The Global Aesthetic Lasers and Energy Device Market Size was Valued at USD 2.76 Billion in 2023
• The Market Size is Growing at a CAGR of 6.16% from 2023 to 2033
• The Worldwide Aesthetic Lasers and Energy Device Market Size is Expected to Reach USD 5.02 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Aesthetic Lasers and Energy Device Market Size is Anticipated to Exceed USD 5.02 Billion by 2033, Growing at a CAGR of 6.16% from 2023 to 2033.

Market Overview

Aesthetic lasers and energy devices are medical devices that use energy to treat cosmetic concerns. Aesthetic lasers use light energy to target specific tissues or pigments in the skin. They can treat a variety of skin issues, including acne scars, wrinkles, sun damage, and unwanted hair. Energy-based devices use a variety of energy sources, such as light, radiofrequency, ultrasound, or laser, to provide non-invasive or minimally invasive treatments. Aesthetic lasers and energy devices are often used in combination to provide the most effective therapy. They are considered a modern approach to skin rejuvenation and are considered safe for all skin types.

According to National Institutes of Health, Fractional picosecond lasers induce intraepidermal and/or dermal vacuoles from laser-induced optical breakdown. Fractional radiofrequency microneedling delivers thermal energy to the dermis while sparing the epidermis, making it safer for patients with darker skin phototypes. Fractional nonablative lasers induce conical zones of coagulation of the epidermis and upper dermis. Ablative lasers vaporize the stratum corneum down to the dermis. Traditional ablative lasers cause diffuse vaporization while fractional ablative lasers generate columns of tissue ablation.

Recently, FDA published guidance on submitting 510(k) applications for photobiomodulation (PBM) devices, also known as low level light therapies. The products deliver non-heating doses of light energy to patients, often for aesthetic and dermatological procedures. Similar to other light therapy products, PBM devices use coherent light sources, also known as lasers; non-coherent light sources, such as light-emitting diodes (LED); or a combination of the two types of light sources. However, unlike other types of products, they typically don’t come with the same level of risk.

Report Coverage

This research report categorizes the market for aesthetic lasers and energy device based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the aesthetic lasers and energy device market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the aesthetic lasers and energy device market.

Driving Factors

The global aesthetic lasers and energy devices market is primarily driven by the rising demand for minimally invasive cosmetic procedures, advancements in laser technology, and the growing awareness of aesthetic treatments. Increasing disposable incomes and a heightened focus on physical appearance, particularly among the aging population, further contribute to market growth. Technological innovations, such as the development of multifunctional devices offering a variety of treatments, also play a significant role in expanding the market. Additionally, the surge in medical tourism in emerging markets and the increasing acceptance of laser treatments in dermatology are key factors driving the aesthetic lasers and energy devices market

Restraining Factors

The global aesthetic lasers and energy devices market faces several restraining factors, including the high cost of devices and procedures, which can limit accessibility for a broader patient base. Regulatory challenges and the need for stringent approvals also pose significant barriers, delaying the introduction of new products to the market. Additionally, the risk of side effects and complications associated with these procedures can deter potential patients, impacting market growth. A lack of skilled professionals to operate advanced devices and skepticism about the effectiveness of non-invasive treatments further hinder the market's expansion.

Market Segmentation

The aesthetic lasers and energy device market share is classified into product, technology and application.

• The laser resurfacing devices segment is estimated to hold the highest market revenue share through the projected period.

Based on the product, the aesthetic lasers and energy device market is classified into laser resurfacing devices, body contouring devices, and aesthetic ophthalmology devices. Among these, the laser resurfacing devices segment is estimated to hold the highest market revenue share through the projected period. This is due to the increasing demand for skin rejuvenation and anti-aging treatments. Laser resurfacing is highly effective in reducing wrinkles, fine lines, scars, and hyper pigmentation, making it a popular choice among patients seeking youthful and flawless skin. Technological advancements, such as the development of fractional and ablative lasers, have enhanced the safety and efficacy of these treatments, further boosting their adoption. Additionally, the growing awareness of cosmetic procedures, coupled with a rise in disposable incomes, has led to a higher demand for laser resurfacing, solidifying its leading position in the market.

• The energy-based technology segment is anticipated to hold the largest market share through the forecast period.

Based on the technology, the aesthetic lasers and energy device market is divided into laser-based technology, light-based technology, and energy-based technology. Among these, the energy-based technology segment is anticipated to hold the largest market share through the forecast period. This is because of its adaptability and efficacy in a wide range of aesthetic applications, including skin tightening, body contouring, and hair removal. These technologies, which include radiofrequency, ultrasound, and light-based systems, offer non-invasive or minimally invasive options with minimal downtime, making them increasingly popular among both patients and practitioners. The continuous advancements in energy-based devices, improving safety, efficacy, and patient comfort, have further accelerated their adoption. Additionally, the rising demand for combination treatments that integrate multiple energy-based technologies to achieve optimal results contributes to the segment's dominant market share.

• The skin rejuvenation segment dominates the market with the largest market share through the forecast period.

Based on the application, the aesthetic lasers and energy device market is divided into hair removal, scar removal/skin resurfacing, skin rejuvenation, and skin tightening. Among these, the skin rejuvenation segment dominates the market with the largest market share through the forecast period. This is because of increasing demand for treatments that improve skin texture, tone, and overall appearance. With a growing focus on maintaining a youthful look, especially among the aging population, procedures such as laser therapy, chemical peels, and microdermabrasion (MDA) have gained significant demand. Technological advancements in skin rejuvenation devices, offering safer and more effective treatments with minimal downtime, have further fueled this demand. Additionally, the growing awareness of aesthetic treatments is driving the growth of the skin rejuvenation segment.

Regional Segment Analysis of the Aesthetic Lasers and Energy Device Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the aesthetic lasers and energy device market over the predicted timeframe.

North America is anticipated to hold the largest share of the aesthetic lasers and energy device market over the predicted timeframe. The region's strong healthcare infrastructure, combined with a high demand for cosmetic procedures, drives market growth. The U.S., in particular, is a leader in adopting advanced aesthetic technologies, supported by the presence of major industry players and continuous technological innovations. Additionally, the increasing awareness of aesthetic treatments, coupled with higher disposable incomes and a growing aging population seeking anti-aging solutions, further boosts the market in North America. The region's favorable regulatory environment and high healthcare expenditure also contribute to the regional market growth.

Asia Pacific is expected to grow at the fastest CAGR growth of the aesthetic lasers and energy device market during the forecast period. Rapid economic development, rising disposable incomes, and increasing awareness of aesthetic treatments are driving the demand for cosmetic procedures in countries like China, India, and South Korea. The growing middle-class population in these regions, coupled with a cultural shift towards enhanced personal appearance, further fuels this growth. Additionally, the expanding medical tourism industry, particularly in countries known for affordable and high-quality aesthetic treatments, contributes significantly to market expansion. Moreover, the increasing presence of global and regional market players offering advanced technologies at competitive prices accelerates the adoption of aesthetic lasers and energy devices, positioning Asia Pacific as the fastest-growing market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the aesthetic lasers and energy device market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Mentor Corporation
• Solta Medical, Inc.,
• Lumenis Ltd.
• Palomar Medical Technologies,
• Cynosure Inc.
• Photomedex Inc.
• Syneron Medical, Ltd.
• Medicis Pharmaceuticals Corporation
• Zeltiq Aesthetics
• Lutronic, Inc
• Chromognex Technologies Ltd.
• Cutera Palomar Medical Technologies
• Ultrashape Ltd. Allergan, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In June 2024, Lumenis Be. Ltd., a leading energy-based medical device company for aesthetic and eye care solutions, is proud to announce the launch of its breakthrough laser system designed to combat hair loss. Recently cleared by the Food and Drug Administration (FDA), FoLix has become the first and only fractional laser choice for safe, effective, and natural hair loss treatment for women and men in the United States.

• In March 2024, Reveal Lasers unveils Karma, the embodiment of versatility and precision in aesthetic treatments. With its advanced dual-wavelength technology featuring 532nm and 1064nm Nd:YAG lasers, Karma sets a new standard for skin rejuvenation and tattoo removal.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the aesthetic lasers and energy device market based on the below-mentioned segments: 

Global Aesthetic Lasers and Energy Device Market, By Product

• Laser resurfacing Devices
• Body contouring Devices
• Aesthetic Ophthalmology Devices

Global Aesthetic Lasers and Energy Device Market, By Technology

• Laser-Based Technology
• Light-Based Technology
• Energy-Based Technology

Global Aesthetic Lasers and Energy Device Market, By Application

• Hair Removal
• Scar Removal/Skin Resurfacing
• Skin Rejuvenation
• Skin Tightening

Global Aesthetic Lasers and Energy Device Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa