Aesthetic Lasers Market Is Projected To Grow Rapidly Due To Increasing Geriatric Population Till 2025: 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.
U.S. Aesthetic Lasers Market, by Application, 2013 - 2024 (USD Million) |
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: 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: 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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-aesthetic-lasers-market
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.
Comments
Post a Comment