The Laser Resurfacing Market Size was valued at USD 0.20 billion in 2022. The Laser Resurfacing Market industry is projected to grow from USD 0.21 Billion in 2023 to USD 0.30 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period (2023 - 2030). Rising expenditure on medical devices and instruments and Rising skin problems such as acne, wrinkles, and skin pigmentation are the key market drivers of the global Laser Resurfacing market.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Laser resurfacing is a common cosmetic surgery that uses laser technology to improve skin look by removing or reducing wrinkles, scars, and other flaws. Dermatologists, cosmetic surgeons, and other healthcare professionals employ laser resurfacing devices to accomplish these operations. As people have grown more aware of the benefits of altering their looks, there has been an increasing trend for cosmetic treatments during the last decade. Factors such as rising discretionary income, social media, and the influence of celebrities and other high-profile individuals have all contributed to this tendency.
The laser resurfacing market revenue is expected to develop over the forecast period, owing to an increase in the number of cosmetic treatments over the last decade. According to the American Society for Aesthetic Plastic Surgery (ASAPS) 2016 report, persons in the United States spent more than $15 billion on combined surgical and nonsurgical procedures, with nonsurgical procedures accounting for over 44%. The advancement and invention of laser resurfacing technologies enable faster healing, reduce operation time, and eliminate side effects, consequently increasing market expansion. Furthermore, the cheaper cost of these devices in comparison to operations, as well as FDA clearance of laser devices for treatment, have driven the expansion of the laser resurfacing devices market size. For example, DEKA Medical, a developer of aesthetic laser systems, got FDA approval for its Synchro laser systems in 2015. The laser resurfacing devices market is predicted to develop significantly due to the increasing prevalence of technological advancements, incredibly effective devices, and the growing acceptability of these devices due to their non-invasive nature. Such factors have enhanced the Laser Resurfacing Market CAGR across the globe in recent years.
The global Laser Resurfacing Market segmentation, based on type, includes Ablative and Non-Ablative. The ablative segment dominated the worldwide laser resurfacing market. Ablative laser resurfacing includes utilizing a laser to remove the outer layers of skin, which can successfully cure more severe skin issues such as deep wrinkles and scars. However, it is a more intrusive technique with a longer recovery period than non-ablative laser resurfacing.
FIGURE 2: LASER RESURFACING MARKET BY TYPE, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The global laser resurfacing market data has been bifurcated by Indications into Facial Wrinkles, Acne Scars, Skin Pigmentation, and Aging. The facial wrinkles category accounted for the majority of the worldwide laser resurfacing market. Many people are concerned about facial wrinkles, and laser resurfacing is an excellent approach to diminish their appearance. However, other markets for laser resurfacing, such as acne scars, skin pigmentation, and aging, are also large and likely to rise in the future, thereby driving the laser resurfacing market.
The global Laser Resurfacing Market segmentation, based on Devices, includes Laser Skin Resurfacing Machine, CO2 Skin Laser Scanner Machine, and Laser Tips. The CO2 skin laser scanning machine sector dominated the market due to its efficiency in treating a wide range of skin disorders such as fine lines, wrinkles, scars, and hyperpigmentation. However, technological developments have resulted in the development of newer equipment that are more accurate and have shorter recovery times, such as fractional laser resurfacing machines thereby positively impacting the market growth.
Based on End Users, the global Laser Resurfacing Market industry has been segmented into Hospital, Dermatology Clinics, and Home Care. The fastest growing and dominating segment in the Laser Resurfacing Market industry is dermatology clinics. Because of the strong demand for aesthetic procedures and the availability of modern laser technologies in these clinics, dermatology clinics have historically enjoyed the biggest market share. Dermatology clinics frequently include a variety of laser resurfacing technologies and treatments to address various skin issues. They also have trained personnel who can carry out the treatments in a safe and effective manner.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. Because of the rise of the dermatology sector in industrialized nations such as the United States and the increased prevalence of skin problems, North America has taken the lead in the laser resurfacing market. The United States is the largest market in North America due to the presence of important industry participants. According to the American Academy of Dermatology (AAD), one in every four Americans suffers from skin illness. Skin disease prevalence is also increasing in Canada. According to the Acne and Rosacea Society of Canada, acne impacted over 90% of Canadian teenagers in 2016. Acne affects about 5 million people in the region. Furthermore, it is expected that one in every two teenagers (55%) may have acne scars on their faces.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: LASER RESURFACING MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Laser Resurfacing Market accounts for the second-largest market share owing to an increase in demand for technologically enhanced diagnostic services. Additionally, rising demand for laser resurfacing devices drives market expansion. Germany, France, and the United Kingdom are the key contributors to market growth. Further, the Germany Laser Resurfacing Market held the largest market share, and the UK Laser Resurfacing Market was the fastest growing market in the European region.
The Asia-Pacific Laser Resurfacing Market is expected to grow at the fastest CAGR from 2022 to 2030. The Asia Pacific market is predicted to grow at the quickest rate, driven by an ageing population, an increase in the incidence of skin issues among adults, and an increase in the number of skin care treatments performed in hospitals and dermatology clinics. Because of an increased emphasis on skin care and the expansion of the cosmetic industry, India and China are the major contributors to market growth. China Laser Resurfacing Market held the largest market share, and the India Laser Resurfacing Market was the fastest growing market in the Asia-Pacific region.
Laser Resurfacing Market Key Market Players & Competitive Insights
Major market players are extensively investing in R&D to extend their product lines, which will aid in the growth of the Laser Resurfacing Market. Market participants are also engaging in a number of market developments to grow their worldwide presence, such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other companies. In order to flourish and thrive in an increasingly competitive and rising market climate, competitors in the Laser Resurfacing Market industry must provide cost-effective items.
Manufacturing locally to cut operating costs is one of the main business methods used by manufacturers in the global laser resurfacing market industry to benefit customers and expand the market sector. The Laser Resurfacing Market industry has recently given medicine some of the most important advantages. Major players in the Laser Resurfacing Market include Abbott Laboratories (US), Stryker Corporation (US), Medtronic Inc. (Ireland), and others are attempting to increase market demand by funding R&D initiatives.
The Laser Resurfacing Market major player such as Alma Lasers, Altair Instruments, Lumenis Cynosure, Inc., Lynton Lasers Ltd, Cutera, Syneron Medical Ltd., Lutronic Corporation, Quanta Aesthetic Lasers USA, and Sciton, Inc, and Others.
Alma Lasers is a global medical technology firm that develops, manufactures, and sells laser, light-based, and radiofrequency equipment for medical and aesthetic applications. The company was started in 1980 in Caesarea, Israel, and has offices and distributors in over 80 countries. Alma Lasers' product line includes, among other things, equipment for hair removal, skin rejuvenation, body contouring, acne therapy, and vascular and pigmented lesion elimination. In addition, the company provides non-invasive and minimally invasive treatments such as laser lipolysis, laser skin resurfacing, and fractional laser therapy.
Lumenis Cynosure is a global leader in the development of medical and aesthetic laser and light-based technologies. Lumenis and Cynosure merged to form the company in 2020, and it is headquartered in Wayland, Massachusetts, with operations in over 100 countries. Lumenis Cynosure's product line comprises, among other things, devices for hair removal, tattoo removal, skin rejuvenation, body sculpting, and vascular and pigmented lesion treatment. In addition, the company provides non-invasive and minimally invasive treatments such as laser lipolysis, laser skin resurfacing, and fractional laser therapy.
Key Companies in the Laser Resurfacing Market includes
Laser Resurfacing Market Industry Developments
August 2021: Cynosure has introduced the Elite iQ Aesthetic Workstation, which combines laser, light, and radiofrequency technology to perform a variety of treatments, including laser resurfacing.
February 2021: Sciton Inc. has introduced the Joule X platform, which incorporates the company's Halo laser technology for skin resurfacing and rejuvenation.
November 2020: Alma Lasers has introduced the Accent Prime Plus platform, which combines ultrasound and radiofrequency technologies to tighten and resurface the skin.
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 0.20 billion |
| Market Size 2023 | USD 0.21 billion |
| Market Size 2030 | USD 0.30 billion |
| Compound Annual Growth Rate (CAGR) | 6.2% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2018 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Indication, Devices, End-User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Alma Lasers, Altair Instruments, Lumenis Cynosure, Inc., Lynton Lasers Ltd, Cutera, Syneron Medical Ltd., Lutronic Corporation, Quanta Aesthetic Lasers USA, and Sciton, Inc, and Others. |
| Key Market Opportunities | Rising skin problems such as acne, wrinkles, skin pigmentation Growing demand for minimally invasive medical procedures |
| Key Market Dynamics | Rising expenditure on the medical devices and instruments |
Laser Resurfacing Market Highlights:
Frequently Asked Questions (FAQ) :
The global Laser Resurfacing Market size was valued at USD 0.20 billion in 2022.
The global market is projected to grow at a CAGR of 6.20% during the forecast period, 2023-2030.
North America had the largest share in the global market.
The key players in the market are Alma Lasers, Altair Instruments, Lumenis Cynosure, Inc., Lynton Lasers Ltd, Cutera, and Syneron Medical Ltd.
The Ablative category dominated the market in 2022.
The facial wrinkles had the largest share in the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
