MARKET OUTLOOK
The Asia Pacific is expected to be the fastest growing region in the global scenario. The aesthetic laser market in this region is growing at a CAGR of 11.79% during the years 2019-2027. The factors driving the market growth are the rising elderly population, increased disposable income, and demand for non-surgical procedures.
India is the key region for the cosmetic surgery segment due to the presence of Bollywood industry and is also one of the key factors surging the overall growth of the market in the region. In China, skin related issues and hair losses are occurring due to pollution, which is also increasing the demand for skin laxation and hair treatments during the forecast period. In addition, Japan has also relaxed its policies for medical application of laser due to the rising elderly population in the country.
The aesthetic laser market is segmented into application, end-users, and type. The end-users segment includes medical spas, private clinics, hospitals, and other end users. The application segment consists of vascular lesions, skin rejuvenation, and pigmented lesion & tattoo removal, etc.
COMPETITIVE OUTLOOK
Some of the established companies in the market include Cutera, Inc., Lumenis Ltd. (Acquired by Xio), Sharp Light Technologies Inc., Cynosure (Acquired by Hologic), Lynton Lasers Ltd, Viora, Fotona, Syneron Candela., Inmode Aesthetic Solutions, Lutronic Corporation, Solta Medical (Valeant Pharmaceuticals), Sciton Inc., Alma Laser Inc., Aerolase, Alltec Gmbh, and Strata Skin Sciences Inc.