Aesthetic Lasers and Energy Devices Market

Increasing Technological Advancements in Aesthetic Lasers and Energy Devices

The global aesthetic lasers and energy devices market growth is majorly driven by continuous technological advancements and approval for new aesthetic lasers and energy devices. For instance, in June 2020, Sciton, a leading manufacturer of medical and aesthetic lasers and light source technologies, launched the biggest new products in the history of the organization. This new product launch, on the much-anticipated platform mJOULE, includes a new fractional treatment, MOXI, and BBL HERO, the largest advancement in the history of pulsed light-based technology. Also, in April  2020, WONTECH, a Korean laser, and energy-based medical aesthetic device company received U.S. Food and Drug Administration 510 (K) clearance for its hybrid Nd: YAG & Alexandrite laser device, SANDRO DUAL. In February 2019, Cutera, Inc. launched its best-in-class excel V+ laser platform.  The excel V+ is a technological advancement that includes 50% more power and treatment speed, optimized delivery systems and parameters for unparalleled precision in treating vascular lesions and pigmentation concerns. In January 2018, Cutera, Inc. introduced JulietTM and Secret RF to its product offerings of laser and energy-based devices. The North American launch of the Juliet laser represents Cutera's first entry into the women's health segment of the aesthetics market and offers patients a best-in-class alternative for improving sexual function and overall vaginal health.  Secret RF is a new fractional radio frequency (RF) microneedling device that effectively remodels collagen, improves mild wrinkles, and diminishes scars.

Growing Demand For Non-invasive Skin Treatment Procedures

The growing demand for non-invasive skin treatment procedures is also driving the growth of the market. The rising awareness amongst people about non-invasive surgeries with lesser side effects has increased the adoption of non-invasive aesthetic lasers and energy devices. Non-invasive skin rejuvenation treatment with lasers based, Intense Pulsed Light-based, and LED equipment is designed to provide quick and faster recovery, hence, reduced hospital stay.  For instance, in 2015, Lumenis launched a new ResurFX laser system for fractional non-ablative skin resurfacing treatments. Increasing adoption of non-surgical procedures for facial rejuvenation and correction is expected to boost growth of the aesthetics devices. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS), 2017, surgical and non-surgical cosmetic procedures exhibited an overall increase of 9% from 2016-2017. ISAPS also stated that non-surgical procedures including injectable accounted for around 8,548,597 in 2016, globally. According to the British Association of Aesthetic Plastic Surgeons, 2013, anti-ageing facelifts and brow lifts cosmetic operations exhibited a 17% rise as compared to the year 2012 globally. Moreover, according to the American Society of Aesthetic Plastic Surgery, 2016, an increase of 93% in non-surgical procedures was observed in men and women aged 35–55 years from 2011-2016.

Market Opportunities

Emerging countries such as China, Brazil, Mexico, and India present significant opportunities for players operating in the aesthetic lasers and energy devices market. The demand for medical aesthetic devices in these countries is increasing owing to a rapid growth in medical tourism, the growing adult (aged 20 and above) population, increasing disposable incomes, and growing awareness about aesthetic specialties. The presence of a large number of surgeons in these emerging countries is also contributing to the growth of the medical aesthetics market. Moreover, the augmenting consumer shifts towards non-invasive and minimally-invasive procedures and growing population of people aged 60 and above who are highly prone to age-related problems such as acne wrinkles and scars are primarily contributing to the development of the aesthetic devices market. Rapid advancements in the field of cosmetology and dermatology have benefited the urban population that are mainly focusing on skin aesthetics and beauty. Thus, drastic rise in preference for injectable dermal fillers will offer attractive opportunity for market expansion. According to the Aesthetic Society of America, More than 1.6 BILLION dollars were spent on injectable in 2019. Exponential demand for aesthetic medicine in developed and developing countries will increase global market size in the future. In a recent report by the American Society of Plastic Surgeons they reported that 14.2 million non-minimally invasive aesthetics treatments carried out in the USA in 2014. It’s not just the USA that’s booming. Brazil, Japan, South Korea, Germany are now all large users of aesthetic devices with the UK, Europe and the Middle East catching up fast with more clinics opening every day.

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