Aesthetic Lasers and Energy Devices Market to grow by USD 861.45mn|Evolving Opportunities with AbbVie Inc. & Bausch Health Companies Inc.| 17000+ Technavio Reports
NEW YORK, Dec. 13, 2021 /PRNewswire/ -- The aesthetic lasers and energy devices market report offers information on several market vendors, including AbbVie Inc., Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., El.En. Spa, Fotona d.o.o., Hologic Inc., Lumenis Ltd., and Shanghai Fosun Pharmaceutical (Group) Co. Ltd. among others. According to Technavio, the aesthetic lasers and energy devices market estimates a market value of USD 861.45 million from 2020 to 2025. In addition, the report projects the market to progress at a CAGR of 4.84%.
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Aesthetic Lasers and Energy Devices Market: Driver & Challenge
Rising demand for non-invasive cosmetic procedures to drive growth
The rising demand for non-invasive cosmetic procedures is one of the primary factors driving the aesthetic lasers and energy devices market growth. Rapid and painless healing without scars and decreased post-surgical complications associated with non-invasive cosmetic procedures have increased the use of aesthetic laser and energy devices across the world. Vendors are further focusing on building devices that can perform effectively with smaller cuts. The reduction of cost of these devices, to increase patient preference for non-invasive cosmetic procedures, is another factor that vendors are trying to achieve.
High costs of the products impede the market growth
The adoption of non-surgical skin tightening procedures is low in developing countries due to high costs. Numerous factors influence the cost of skin tightening, and each patient will require a skin rejuvenation method that is specially designed for his or her needs. The cost of skin tightening will also differ based on the size of the area to be treated and the number of treatments required. Most vendors target their products for high-income and upper-middle-class patients. Thus, the inability of the middle and lower-middle-class patients to opt for expensive non-surgical skin tightening is becoming one of the major challenges, which is restricting the growth of the aesthetic lasers and energy devices market.
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Aesthetic Lasers And Energy Devices Market: Segmentation Analysis
This market research report segments the aesthetic lasers and energy devices market by Technology (laser, light, RF, and others) and Geography (North America, Europe, Asia, and ROW).
41% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for aesthetic lasers and energy devices in North America. However, the market growth rate in this region will be slower than the growth of the market in Asia. The increasing awareness and adoption of non-invasive medical aesthetic treatments will facilitate the aesthetic lasers & energy devices market growth in North America over the forecast period
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Aesthetic Lasers And Energy Devices Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 4.84% |
Market growth 2021-2025 | USD 861.45 million |
Market structure | Fragmented |
YoY growth (%) | 4.35 |
Regional analysis | North America, Europe, Asia, and ROW |
Performing market contribution | North America at 41% |
Key consumer countries | US, Germany, France, Canada, Japan, and South Korea (Republic of Korea) |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | AbbVie Inc., Bausch Health Companies Inc., Candela Corp., Cutera Inc., Cynosure Inc., El.En. Spa, Fotona d.o.o., Hologic Inc., Lumenis Ltd., and Shanghai Fosun Pharmaceutical (Group) Co. Ltd. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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