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Exclusive Report on Global Aesthetic Lasers and Energy Devices Industry: Global and Regional Analysis with Forecast till 2028, Business Opportunities, Post COVID Scenario
The global Aesthetic Lasers and Energy Devices market size is expected to reach $13.32 Billion by 2028 growing at the CAGR of 10.72% from 2021 to 2028.One of the major factors driving growth is an increase in disposable incomes as well as the growing popularity of aesthetic procedures such as Botox and injectable fillers. The cost of these invasive aesthetic procedures is also likely to play a major factor in their popularity, as many consumers are reluctant to spend large amounts on their health and want tangible results from cosmetic treatments.
However, one of the primary challenges faced by aesthetic devices manufacturers and providers is competition from both local and international peers; this could result in intense price wars or brand cannibalization.
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Key Players
Some of the major Aesthetic Lasers and Energy Devices players holding high market share include Allergan Plc., Bausch Health Companies Inc., and Cutera BioSpace. These players use new product development and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
● Allergan Plc.
● Bausch Health Companies Inc.
● Cutera BioSpace
● Cynosure Inc.
● Fosun International Ltd.
● Fotona Inc.
● Lutronic
● Sciton Inc.
● Sisram Medical Ltd.
● Energist Ltd.
The recently published research report on Global Aesthetic Lasers and Energy Devices Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Aesthetic Lasers and Energy Devices market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.
In terms of COVID 19 impact, the Aesthetic Lasers and Energy Devices market report also includes the following data points:
● COVID19 Impact on Aesthetic Lasers and Energy Devices market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Aesthetic Lasers and Energy Devices market
Segmental Analysis
Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Aesthetic Lasers and Energy Devices Market:
o Laser Resurfacing Devices
o Body Contouring Devices
o Aesthetic Ophthalmology Devices
o Others
Market Segment By Technology with focus on market share, consumption trend, and growth rate of Aesthetic Lasers and Energy Devices Market:
o Laser-Based Technology
o Light-Based Technology
o Energy-Based Technology
Market Segment By Application with the focus on market share, consumption trend, and growth rate of Aesthetic Lasers and Energy Devices Market:
o Hair Removal
o Scar Removal and Skin Resurfacing
o Skin Rejuvenation
o Skin Tightening
o Body Shaping & Skin Tightening
o Others
Market Segment By End User with a focus on market share, consumption trend, and growth rate of Aesthetic Lasers and Energy Devices Market:
o Multi-Specialty Centers
o Standalone Centers
o Dermatology Clinics
o Ambulatory Surgery Centers (ASCs)
o Cosmetic Surgery Centers & Clinics
For more information: https://evolvebi.com/product/aesthetic-lasers-and-energy-devices-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/
Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)
North America is expected to dominate the aesthetic lasers and energy devices market in terms of revenue, by region. It is forecasted to show steady growth over the forecast period, due to more favorable regulations on lasers, increased healthcare expenditure, and technological advancements in this biomedical field.
Europe is expected to rank second followed by Asia Pacific respectively owing to aging population base and increasing geriatric population which will drive up this market in these regions. On the other hand, emerging economies of Latin America and Middle East & Africa are anticipated to witness lucrative growth owing to greater opportunities for aesthetic laser companies which would make a mark on this market over the next eight years.
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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