Aesthetic Medical Laser Systems Market Scope
Aesthetic Medical lasers are subject to photochemical, photoablation, and photothermal reactions and are primarily utilized for the treatment and diagnosis of medical conditions. The growing need for non-invasive procedures, rising occurrences of chronic diseases, growing acceptance of improved laser-based therapies, and rising demand for laser goods in diagnosis are all factors driving market expansion. Aesthetic Medical laser systems are increasingly being employed in a variety of medical applications, including dermatology, cancer therapy, cardiovascular treatment, ophthalmology, and dentistry, at hospitals and specialist clinics around the world.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Bausch Health Companies Inc. (Canada), Alma Lasers (Israel), Sciton, Inc. (United States), Lumenis (Israel), Candela Medical (United States), Cutera Inc. (United States), Cynosure (United States), Solta ( United States), Aerolase Corp (United States) and Energist (United Kingdom) |
CAGR | % |
Mergers and acquisitions, expansions, investments, new service launches, and collaborations are some of the companies' preferred market-exploration strategies. The company is contributing its share to increasing the company’s growth. ELT Sight, Inc. purchased the intellectual property and assets of Mease AG's excimer ophthalmic laser technology for glaucoma surgery in 2019. DEKA M.E.L.A. srl signed an exclusive distribution agreement with Cartessa Aesthetics to distribute Luxe, a multi-modality intense pulsed light, and laser platform system, in the United States in 2020. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Aesthetic Medical Laser Systems market throughout the predicted period.
Bausch Health Companies Inc. (Canada), Alma Lasers (Israel), Sciton, Inc. (United States), Lumenis (Israel), Candela Medical (United States), Cutera Inc. (United States), Cynosure (United States), Solta ( United States), Aerolase Corp (United States) and Energist (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are El.En .S.P.An (Italy) and STRATA Skin Sciences (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Aesthetic Medical Laser Systems market by Type , by Application (Hair Removal, Tattoo Removal, Acne and Scars, Skin Rejuvenation, Vascular Lesions, Pigmented Lesions and Others) and Region with country level break-up.
On the basis of geography, the market of Aesthetic Medical Laser Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January , 2024 Cynosure and Hahn & Company, which has recently acquired Lutronic, announced today that they have entered into a definitive merger agreement for a strategic combination of Cynosure and Lutronic. Both Cynosure and Lutronic are global providers of energy-based medical aesthetic treatment systems and related technologies.
In March 2021, Bausch Health Companies Inc. and its Solta Medical division have launched the Clear + Brilliant Touch laser, the company's next-generation Clear + Brilliant laser, in the United States. The Clear + Brilliant touch laser offers two wavelengths to patients of various ages and skin types, allowing for a more customized and thorough treatment routine. and In Oct 2020, Summus medical laser has announced the release of the Horizon medical laser system, a new laser therapy solution. This laser is the first of its kind in the medical field, being a class IV diode laser.
Influencing Trend:
Hair Removal Segment Holds High Demand in Developing Countries
Market Growth Drivers:
Increasing Nonsurgical Technologies and Availability of New Treatment Options, Increasing Demand for Aesthetic Treatments and Increasing Investment in R&D Department
Challenges:
Strict Government Regulation
Restraints:
High Installation Costs and Sometimes Causes Side Effect such as Dry Eyes
Opportunities:
Growing Medical Tourism in Developing Countries and Technological Advancements and Innovations
Key Target Audience
Industry Association, Downstream Vendors, Aesthetic Medical Laser Systems Manufactures, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors