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What are Key Factors Causing Boom of Professional Aesthetic Lasers Market?

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Pramod Kumar
What are Key Factors Causing Boom of Professional Aesthetic Lasers Market?

The professional aesthetic lasers market is expected to grow at 10.3% CAGR during the forecast period (2021–2030), on account of the rising awareness of aesthetic lasers through conferences and seminars, increasing disposable income, surging alertness regarding safety and benefits of laser-based aesthetic devices, flourishing medical tourism industry, and soaring geriatric population.

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A significant number of seminars, exhibitions, and conferences are being conducted to impart knowledge about improvements in anti-aging treatments among plastic surgeons, general public, and students. Increasing frequency of these events will give a boost to the market in the foreseeable future. Also, market players are using these events as a platform to launch their products. For example, in April 2019, the Aesthetic & Anti-Aging Medicine World Congress (AMWC) was organized by EuroMediCom (Informa Group) in Monte Carlo, Monaco, for discussions and knowledge sharing on aesthetics and anti-aging devices.

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The laser type segment of the professional aesthetic lasers market is categorized into carbon dioxide (CO2), diode, erbium-doped yttrium aluminum garnet (Er:YAG), alexandrite, pulsed dye laser (PDL), and neodymium-doped yttrium aluminum garnet (Nd:YAG). Among these, the CO2 category will display the fastest growth during the forecast period. This can be attributed to the rising preference for CO2 lasers over other types of lasers, due to their exceptional penetration power in the skin and better results offered by them. These lasers are primarily used for pigmentation and skin rejuvenation treatments.

In 2020, North America generated the highest revenue in the professional aesthetic lasers market, globally, due to the increasing availability of enhanced laser systems and rising awareness about aesthetic treatments in the region. Moreover, strong presence of leading market players in North America also supported the market growth. The Asia-Pacific (APAC) region is expected to witnesses the fastest growth throughout the forecast period, on account of the burgeoning demand for primary applications of aesthetic lasers that encompass tattoo removal, skin rejuvenation, vascular lesions, medical spas, and hair removal.

With the rising awareness about laser technology and the booming aging population, the market will observe a significant growth in the coming years.

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