North America Aesthetic Lasers and Energy Devices Market

Market Analysis On North America Aesthetic Lasers and Energy Devices Market

The North America market is estimated to grow at a CAGR of 6.9% during the forecast period (2020-2027)  to reach a market value of USD YY million by 2027.

North America is expected to hold the largest share of the global aesthetic lasers and energy devices market. The surge in awareness and adoption of various non-invasive esthetic services, improving health care infrastructure, and rising incidence of skin disorders are anticipated to boost the growth of the market in the region. Availability of skilled plastic surgeons, dermatologists and numerous dermatology clinics in the country will favor industry expansion over the foreseeable future.

Robust adoption of non-surgical procedures coupled with established healthcare infrastructure plays a vital role for market growth. For instance, according to the anti-aging international academy (AIAA), the global anti-aging market has reached USD 27,500.00 million in 2018 and is forecasted further expected to grow in the future.

Also, the U.S. has a growing demand for aesthetic laser devices, owing to improving lifestyles and growing preference for minimally invasive surgeries. The increasing interest in their aesthetic appearance among consumers is driving the growth of the market.

For instance, according to the American Society of Plastic Surgeons, around 2.6 million procedures have been performed in the United States using soft tissue fillers in 2016, which was 2% higher than in 2015.

Further, the rapidly aging population in this region coupled with the presence of advanced technologies and skilled cosmetic surgeons drive them. The increase was attributed to the safe and effective minimally-invasive procedures and their lesser side effects.

For instance, in April 2019, Hologic, Inc. launched Trident HD Specimen Radiography System in the U.S., Canada and Europe. The Trident HD system helps deliver superior image quality, thereby helping to reduce the recalls and streamline workflows during decreasing procedure times. It would help the company enhance its product portfolio and strengthen its position in the U.S., Canada and Europe.

Thus the growing prevalence of age-related problems among the population drives the growth of the market of aesthetic lasers and energy devices in the region. 

Market Analysis on South America  Aesthetic Lasers and Energy Devices Market

The South America market is estimated to grow at a CAGR of 5.7% during the forecast period (2020-2027)  to reach a market value of USD YY million by 2027.

The countries in South America are reporting high economic growth, which will lead to an increase in spending power, thus, enabling people to afford facial aesthetic procedures, some of which are considered expensive. The presence of a more significant number of skilled physicians offering facial aesthetic procedures will further increase the market's growth in the region.

Moreover, the population of people aged 60 and above are increasingly opting for cosmetic surgeries, particularly for minimal and non-invasive surgical procedures. In Brazil, Energy-based therapies are the most popular aesthetic procedure by 2020 due to a reduction in side effects, competitive pricing, increased patient comfort, short procedure times, and immediate results. This is representing a significant demand for non-surgical cosmetic procedures in these countries. 

Moreover, factors such as lower incidences of difficulties leading to speedy patient recovery, growing demand for minimally invasive techniques, and technological advancement are likely to contribute to the market growth in the region. 

On the other hand, some factors may hamper the market's growth, including increasing governing inspection, high costs associated with this procedure, and risk associated with the medical procedure. 

In terms of revenue, Brazil and Argentina are the leading countries in the aesthetic lasers and energy devices market. The market in the region is likely to expand at a robust pace in the coming years, owing to an increase in the patient population, a rise in awareness about lasers and energy devices and advancements in health care services.

Also, laser resurfacing is rapidly gaining popularity in Columbia because the country has a long history of modeling and fashion shows participation among the college-going youth, especially females. 

Thus, high disposable income and excellent spending capacity on aesthetic procedures further influence the adoption rate of aesthetic lasers and energy devices in the region. Moreover, the availability of skilled dermatologists and numerous dermatology clinics will favor market expansion in the forecast period. 

About Us:

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.

For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: [email protected]

Tel: +1 877 441 4866

Website: www.datamintelligence.com