
Published On: Nov 2023
Published On: Nov 2023
At 12.5% CAGR, the Europe Aesthetic Lasers Market is projected to be worth US$ 2,140.16 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Europe aesthetic lasers market was valued at US$ 834.66 million in 2022 and is expected to reach US$ 2,140.16 million by 2030, registering a CAGR of 12.5% from 2022 to 2030. Growing adoption of noninvasive aesthetic procedures and increasing prevalence of skin disorders as well as growing awareness about beauty devices are the critical factors attributed to the Europe aesthetic lasers market expansion.
Healthcare facilities are constantly developing with the increasing prevalence of various chronic disorders and the surge in aesthetic procedures. There has been tremendous demand for aesthetic procedures for skin rejuvenation, antiaging treatments, body contouring, fat removal, and others. Increase in such aesthetic procedures has accelerated R&D activities that lead to innovation, new product launches, and product approvals. Recently, the aesthetic lasers industry has experienced various product launches and approvals as mentioned below:
In April 2022, Lumibird Group, the parent company of Quantel Medical, launched the Capsulo Nd:YAG laser. The device is designed to be a fully integrated versatile laser platform, enabling efficient and effective capsulotomy and iridotomy treatments.
In April 2022, Cosmeditech launched a new range of cosmetic & aesthetic technology from TermoSalud Medical & Aesthetic, including Eneka PRO Diode Laser, Symmed Elite Face & Body Contouring and Zionic Rollactive RF Body Massage.
Thus, an increase in product launches, development, and other strategic collaborations among market players is likely to create considerable growth opportunities for the market in the coming years.
On the contrary, complications and risks associated with procedures and stringent safety regulations hurdles the growth of Europe aesthetic lasers market.
Based on type, the Europe aesthetic lasers market is bifurcated into ablative lasers and non-ablative lasers. The non-ablative lasers segment held 62.3% market share in 2022, amassing US$ 520.03 million. It is projected to garner US$ 1,359.65 million by 2030 to expand at 12.8% CAGR during 2022–2030.
Based on application, the Europe aesthetic lasers market is categorized into facial and skin tightening, pigmentation disorders, tattoo removal, hair removal, scar treatment, body sculpting and fat reduction, acne reduction, and others. The facial and skin tightening segment held 25.6% market share in 2022, amassing US$ 213.34 million. It is projected to garner US$ 551.43 million by 2030 to expand at 12.6% CAGR during 2022–2030.
Based on end user, the Europe aesthetic lasers market is categorized into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held 46.4% market share in 2022, amassing US$ 387.19 million. It is projected to garner US$ 1,014.74 million by 2030 to expand at 12.8% CAGR during 2022–2030.
Based on country, the Europe aesthetic lasers market has been categorized into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 25.5% share of Europe aesthetic lasers market in 2022. It was assessed at US$ 212.55 million in 2022 and is likely to hit US$ 559.86 million by 2030, exhibiting a CAGR of 12.9% during 2022–2030.
Key players operating in the Europe aesthetic lasers market are Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, EI EN SpA, Alma Lasers Ltd, Cynosure LLC, and Candela Corp among others.
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