Aesthetic Lasers Market Is Projected To Witness Growth Based On Growing Awareness About The Safety & Efficacy Of Lasers Coupled With Its Ease Of Use Till 2024:Grand View Research,inc.
The global aesthetic lasers market is expected to reach USD
1.8 billion by 2024, according to a new report by Grand View Research, Inc. The
demand is expected to upsurge due to aging population, high prevalence of
obesity, and wide range of safe and effective treatments. Moreover, growing awareness
about the safety and efficacy of lasers coupled with its ease of use is also
expected to propel its cosmetic applications.
Advancement of technology has
made needle-free procedures possible, thus boosting the rate of adoption of
laser treatments. Young population also opts for cosmetic procedures as
preventive measures for and to slow down the aging process.
Companies operating in this
market are making huge investments in research and development of new products
and holding patents. For instance, in 2014, Cutera (provider of energy-based
medical Aesthetic technologies) invested USD 10.5 million for pure research
purposes and holds 34 patents along with5 patent applications in the pipeline.
Stringent regulations for the
cosmetic laser products are projected to ensure increasing efficiency of the
devices while treating the skin without any adverse effects. The manufacturers
of laser devices have to comply with the Federal Food, Drug, and Cosmetic Act
in addition to radiation safety performance standards defined by the Federal
Regulations.
In April 2016, Oculus Innovative
Sciences, Inc. received the FDA approval for Microcyn-based Lasercyn Gel,
intended for post-non-ablative laser therapy procedures management
Browse full research report on Aesthetic Lasers Market: http://www.grandviewresearch.com/industry-analysis/aesthetic-lasers-market
Further Key Findings from
the Study Suggests:
- Hair removal is the fourth most common minimally
invasive procedure across the globe with approximately 1 million
procedures done in the year 2011.It dominated the application segment in
terms of number of procedures owing to the changing beliefs of beauty and
lifestyle.
- Conventional hair removal methods are painful and
temporary. Thus, using lasers for permanent hair removal proves to be
efficient. Also, growing safety assurance results in more people opting
for it. Almost 97% people who have undergone the procedure report
satisfactory outcomes.
- Laser skin resurfacing segment is expected to grow at
a rapid rate over the forecast period. This is attributed to the fact that
it reduces the signs of aging and improves skin texture, tone, &
laxity. Furthermore, increasing innovation and technological advancements
brought in by the market players are expected to propel demand of the
segment in the coming years.
- For instance, Sciton JOULE is an expandable platform
that offers an unprecedented laser array and light wavelengths via any of
its three distinct delivery modes that are broadband light, fiber, and
arm, enabling practitioners with the maximum versatility to perform
surgical and Aesthetic procedures from a single platform. It is the first
OptiPlex platform to accommodate abovementioned three distinct delivery
modes.
- Some incredible creative solutions have been prompted
with the increasing demand for laser skin resurfacing. In 2010, Solta
Medical (fractional resurfacing and noninvasive skin tightening pioneer)
announced an FDA clearance of Fraxel restore Dual for treating actinic
keratosis.
- North America dominated the market in 2015. It is due
to the early acceptance of laser technology and growing awareness about
lasers and its efficiency in treating all the skin type.
- The prevalence of medical spas is very high in this
region. In 2012, approximately 2,100 med spas were operative in the U.S.,
generating revenue USD 1.94 billion per year. This number grew to USD 3.6
billion in 2016. Growing emphasis on beauty and attractiveness and its
direct impact on success are expected to further increase the market share
of the region.
- Some key players are Solta Medical, Inc. (acquired by
Valeant Pharmaceuticals); Lumenis; Cynosure, Inc.; STRATA Skin Sciences;
Syneron Medical Ltd., Lutronic, Cutera, Viora, Lynton Lasers, and Sciton,
Inc.
- The industry is experiencing many mergers and
acquisitions between competitors. In December 2014, Valeant Pharmaceuticals
International acquired Solta Medical, Inc. in USD 236 million.
- In 2015, Mela Sciences acquired XTRAC and VTRAC laser
and lamp systems from PhotoMedex, Inc. in USD 42.5 million. Moreover, the
company was renamed to Strata Skin Sciences.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global aesthetic
lasers market on the basis of application and regions:
Aesthetic Lasers Application Outlook (Revenue, USD
Million, 2013 - 2024)
- IPL
Laser Treatment
- Laser
Skin Resurfacing
- Noninvasive
Tightening
- Laser-Assisted
Lipoplasty
- Laser
Hair Removal
Aesthetic Lasers Regional Outlook (Revenue, USD Million,
2013 - 2024)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest
of Europe
- Asia
Pacific
- India
- Japan
- China
- Rest
of Asia Pacific
- Latin
America
- Brazil
- Mexico
- Rest
of Latin America
- MEA
- South
Africa
- Rest
of MEA
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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