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Cosmetic Lasers Global Market Report 2024 To 2033 | Cynosure Inc., Lumenis, Candela Medical, Solta Medical International Inc., Cutera Inc., El.En. SpA, Alma Lasers Ltd
Cosmetic Lasers Market Share
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According to The Business Research Company's, The cosmetic lasers market size has grown strongly in recent years. It will grow from $1.68 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to growth in cosmetics procedures, a rise in medical tourism, growing adoption of minimally invasive surgical procedures, increased focus on developing advanced products, rising incidences of skin diseases, and rising prevalence polycystic ovary* syndrome (pcos).
The cosmetic lasers market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising urbanization, rising ageing population, increased focus on developing advanced products, a rise in demand for body contouring, and rising disposable personal income . Major trends in the forecast period include invest in developing iot (internet of things) linked cosmetic laser devices, consider providing robotic cosmetic laser systems, invest in 3d printing technology, focus on developing advanced products, and consider strategic acquisition.
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Market Drivers and Trends:
The rising urbanization all over the globe is significantly contributing to the growth of the cosmetic lasers market in the forecast period. Urbanization refers to the population movement from a rural to an urban setting and increasing human population densities in urban areas. Growth in urbanization is increasing focus on body appearance, beauty and health consciousness which will further drive the cosmetic lasers market growth. For instance, according to the Department of Economic and Social Affairs, United Nations, 68% of the world's population i.e. 2.5 billion people are projected to live in urban areas by 2050. Therefore, rising urbanization all over the globe is expected to drive the cosmetic lasers market.
The increased focus on developing advanced products is significantly contributing to the growth of the cosmetic lasers market. Major companies operating in cosmetic lasers are focused on developing advanced products to strengthen their position in the market. For instance, in 2021, Solta Medical, a US-based medical device company launched The Clear + Brilliant Touch Laser, the company's next-generation Clear + Brilliant laser. The Clear + Brilliant Touch laser delivers a customized and more comprehensive treatment protocol by providing patients of all ages and skin types with the benefits of two wavelengths. By seamlessly switching between two wavelengths with the Original and Perméa handpieces, physicians can now more easily deliver a more complete treatment during a single appointment. Therefore, the increased focus on developing advanced products by major players is anticipated to propel the cosmetic lasers market growth.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
INOVYN, Grasim Industries Limited, Ajinomoto Co. Inc., JSC Kaustik, Dover Chemical Corporation, LEUNA-Tenside GmbH, Altair Chimica SpA, NCP Chlorchem, Guangzhou Jiangyan Chemical Co Ltd, KLJ Group, Flow Tech Group of Industries, Handy Chemical Corporation Ltd, Huaxia Chemical Factory, East Huge Dragon Chemical, Fuyang Jingcheng Chemical, Wenxian Sanxing Chemical, Jiaozuo Houji Chemical, Lvbang Fine Chemical, Caffaro Industrie S.p.A, Quimica Del Cinca S.A, BOSTIK SA Colombes, LVMH Fragrance Brands Levallois-Perret, Elkem Silicones France SAS Lyon, H&R Group - Hansen und Rosenthal, Akzo Nobel Group, Beckers Group, Sovcomflot, Kazanorgsintez PJSC, Flügger Sp. z o.o, Placoma Sp. z o.o. Sp.k, Chimcomplex SA Borzesti, Qualice LLC, Vantage Specialty Chemicals, Nova Chemicals, Ritrama Chile, Industrias Ceresita SA, Sherwin Williams Chile SA, S.C. Johnson & Son Chilena Ltda, ALDREES Petroleum and Transport Services Company, Arabian Petroleum Supply Co, Petro Rabigh, ICL Group Ltd, Du Pont Africa, Bayer Africa, Shell Africa.
Cosmetic Lasers Market 2024 Key Insights:
• The cosmetic lasers market size is expected to see strong growth in the next few years. It will grow to $2.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
• Rising Global Urbanization Fuels Growth In The Cosmetic Lasers Market
• Advancements In Cosmetic Laser Technology Drive Market Growth
• North America was the largest region in the cosmetic lasers market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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