
Published On: Nov 2023
Published On: Nov 2023
At 12.3% CAGR, the North America Aesthetic Lasers Market is Projected to be worth US$ 2,956.00 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the North America aesthetic lasers market was valued at US$ 1,172.05 million in 2022 and is expected to reach US$ 2,956.00 million by 2030, registering a CAGR of 12.3% from 2022 to 2030. Growing adoption of noninvasive aesthetic procedures as well as increasing prevalence of skin disorders and growing awareness about beauty devices are the critical factors attributed to the North America aesthetic lasers market expansion.
Noninvasive aesthetic procedures have recently gained popularity because of astounding results and hardly any side effects. Laser treatment is one of the noninvasive procedures widely used for hair removal, skin rejuvenation, hyperpigmentation, anti-aging treatment, and others. These noninvasive techniques offer a variety of benefits for enhancing skin quality. Some of the most common benefits include improved skin texture and tone, reduced appearance of fine lines and wrinkles, hyperpigmentation, and age spots, and improved overall skin health. As per the Aesthetic Society Report, non-surgical procedures increased by 44% in 2021 compared to 2020. The International Society of Aesthetic Plastic Surgery (ISAPS) defines a cosmetic non-surgical procedure as safe and effective for those willing to undergo subtle augmentation with lower recovery periods. Such non-surgical cosmetic procedures often do not require extensive training, unlike those associated with greater risks. With the growth of medical aesthetics industry, competition is inevitable. It is a heterogeneous industry as the competition is not only among beauty clinics specializing in surgical cosmetic procedures but also among other beauty service providers such as salons. These noninvasive procedures offer benefits such as faster recovery with little risk of complications, no incision or scars, no hospital stay, and low cost of treatment as compared to surgical treatments. Therefore, positive results of noninvasive treatments, increased awareness among a large population, and several advantages offered by the non-invasive treatments drive the aesthetic lasers market growth.
On the contrary, complications and risks associated with procedures and stringent safety regulations hurdles the growth of North America aesthetic lasers market.
Based on type, the North America aesthetic lasers market is bifurcated into ablative lasers and non-ablative lasers. The non-ablative lasers segment held 64.7% market share in 2022, amassing US$ 758.68 million. It is projected to garner US$ 1,942.04 million by 2030 to expand at 12.5% CAGR during 2022–2030.
Based on application, the North America 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 23.2% market share in 2022, amassing US$ 272.47 million. It is projected to garner US$ 698.12 million by 2030 to expand at 12.5% CAGR during 2022–2030.
Based on end user, the North America aesthetic lasers market is categorized into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held 44.1% market share in 2022, amassing US$ 517.17 million. It is projected to garner US$ 1,336.58 million by 2030 to expand at 12.6% CAGR during 2022–2030.
Based on country, the North America aesthetic lasers market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.3% share of North America aesthetic lasers market in 2022. It was assessed at US$ 976.39 million in 2022 and is likely to hit US$ 2,492.40 million by 2030, exhibiting a CAGR of 12.4% during 2022–2030.
Key players operating in the North America aesthetic lasers market are Aerolase Corp, Lumenis Be Ltd, Cutera Inc, Bausch Health Companies Inc, Sciton Inc, SharpLight Technologies Ltd, EI EN SpA, Alma Lasers Ltd, Cynosure LLC, and Candela Corp among others.
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