Market Size of Aesthetic Lasers Industry
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 2.96 Billion |
| Market Size (2029) | USD 4.59 Billion |
| CAGR (2024 - 2029) | 9.18 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aesthetic Laser Market Analysis
The Aesthetic Lasers Market size is estimated at USD 2.96 billion in 2024, and is expected to reach USD 4.59 billion by 2029, growing at a CAGR of 9.18% during the forecast period (2024-2029).
Lasers are gaining significant attention in the aesthetic devices industry, as several procedures are performed using lasers. Some widely known and performed laser procedures include laser resurfacing, hair removal, and vascular and pigmented lesions. Laser resurfacing helps reduce facial wrinkles, blemishes, acne scars, and skin irregularities. These treatments can be performed on the face, neck, chest, arms, and hands. Some well-known companies, such as Lumenis, Alma Lasers, and Cynosure, provide aesthetic lasers or workstations that offer laser resurfacing, hair removal, and treatment of lesions.
Various lasers, including CO2, erbium, pulsed dye, and fractional pulsed dye, are tuned for multiple skin conditions and skin types in laser skin resurfacing. When doing a laser skin resurfacing procedure, a CO2 laser is typically utilized to remove damaged surface skin from the entire face. The report from the International Society of Plastic Surgery (ISAPS) published in 2021 stated that 35% of women who have previously undergone at least one cosmetic surgery or minimally invasive procedure anticipate spending much more on treatments in 2021 than they did in 2020. Owing to the increasing laser procedures, the market studied is expected to witness substantial growth in the coming years.
Similarly, new product launches from key players are one of the major factors propelling market growth. For instance, in June 2022, Cynosure announced the launch of the PicoSure Pro laser device, the latest upgrade to the PicoSure platform. The first and only 755 nm picosecond laser has received FDA clearance. PicoSure Pro delivers energy in a trillionth of a second using pressure rather than heat to treat undesirable pigmentation and rejuvenate skin on all skin types. Furthermore, in March 2022, Cynosure entered a distribution partnership with JeisysMedical KK in Japan. Under the terms of the agreement, JeisysMedical will have exclusive distribution rights for key premier products within Cynosure's energy-based laser portfolio, including hair removal devices in Japan. Owing to such developments in laser devices, the market studied is expected to witness healthy growth in the coming years.
However, the social stigma associated with cosmetic treatments and the high cost of the procedures is expected to hinder the market growth.
