(Health-NewsWire.Net, August 23, 2019 ) According to the new market research report “Aesthetic/Cosmetic Lasers Market by Type (Standalone (CO2, Er:YAG, Diode, Nd:YAG, Alexandrite, Pulsed-Dye), Multiplatform), by Application (Acne, Scars, Tattoo Removal, Varicose Veins), by End User (Hospitals, Medical Spa, Private clinics) - Forecasts to 2021", published by MarketsandMarkets™, provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the aesthetic/cosmetic lasers market along with the estimates and forecasts of the revenue.
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The global aesthetic/cosmetic lasers market is projected to reach USD 1,132.7 Million by 2021 from USD 697.6 Million in 2016, growing at a CAGR of 10.2% during the forecast period.
Growth in the adoption of non-invasive cosmetic procedures, changing lifestyle and increasing disposable income, advancements in technology, and rising medical tourism are the major drivers of the aesthetic/cosmetic lasers market. However, lack of reimbursement will restrain the growth of this market.
The aesthetic/cosmetic lasers market is segmented on the basis of type, application, end user, and region. Based on type, the aesthetic/cosmetic lasers type market is categorized into standalone lasers and multiplatform lasers. In this market, multiplatform lasers form the fastest-growing segment as they provide scalable and upgradeable hybrid systems that can treat multiple indications. Furthermore, the standalone lasers market is divided into carbon dioxide (CO2) lasers, Er:YAG lasers, diode lasers, pulsed dye lasers, nd:YAG lasers, alexandrite lasers, and other standalone lasers (argon, ruby, krypton lasers, and erbium:glass lasers).
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43 - Figures
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Based on application, the aesthetic/cosmetic lasers type market is categorized into vascular lesions, acne, & scars, pigmented lesions & tattoos, hair removal, skin rejuvenation, leg veins & varicose veins, and other applications (onychomycosis and gynaecological conditions). The hair removal segment is expected to account for the largest share of the aesthetic/cosmetic lasers market in 2016. Factors such higher adoption of aesthetic procedures, development in the laser technology, increased focus on body appearance by both men and women, high disposable income are driving the growth of this segment in the market.
Major players in the Cosmetic Lasers Market include Aerolase (U.S.), Alma Lasers, Ltd. (Israel), Cutera, Inc. (U.S.), Cynosure, Inc. (U.S.), El.En. SpA (Italy), Lumenis Ltd. (Israel), Sciton, Inc. (U.S.), SharpLight Technologies (Israel), Syneron Medical Inc. (Israel), and Solta Medical (U.S.).
Mr. Shelly Singh