According to FutureWise analysis the market for aesthetic laser and energy devices in 2023 is US$ 3.24 billion, and is expected to reach US$ 6.76 billion by 2031 at a CAGR of 9.60%.
Technological advancements are expected to boost the market growth. The launching of portable pen-shaped devices is expected to fuel the growth of the market over the forecast period. Laser devices offer advantages such as less consumption of time and ease of usage. Owing to this its been widely used in removal of unwanted and home care services, as a result inflating the aesthetic laser and energy devices market size. Increasing cases of skin damage coupled with rapidly changing lifestyle are expected to accelerate the growth of the market.
The market is bifurcated into by product, by end-user, by application, and by region. Based on product, body contouring device holds a major aesthetic laser and energy devices market share owing to its various advantages such as fat removal, skin tightening, and body shaping.
Based on end-users, hospitals are expected to control the growth of the market owing to the rapid adoption of latest dynamometers such as System 4 Pro.
In terms of application, scar removal/skin resurfacing is expected to inflate the market size. Increasing road accidents are resulting in unwanted scrapes and cuts, thus leading to the need for scar removal. Besides, increase in sports injuries is also positively influencing the market.
Based on regions, North America is the front runner of the market owing to factors such as an increase in non-invasive liposuction procedures and growing obese population. The presence of developed healthcare infrastructure coupled with presence of prominent players is bolstering the market in the region.
Asia-Pacific is also predicted to show notable growth owing to the increasing population and changing lifestyle. The increase in per capita expenditure coupled with increasing number of accidents is expected to increase the aesthetic laser and energy devices market size.