At 11.2% CAGR, the South & Central America Aesthetic Lasers Market is Projected to be worth US$ 337.68 million by 2030, says Business Market Insights
According to Business Market Insights research, the South & Central America aesthetic lasers market was valued at US$ 144.27 million in 2022 and is expected to reach US$ 337.68 million by 2030, registering a CAGR of 11.2% from 2022 to 2030. Growing adoption of noninvasive aesthetic procedures and increasing prevalence of skin disorders and growing awareness about beauty devices are among the critical factors attributed to the South & Central 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 South & Central America aesthetic lasers market.
Based on type, the South & Central America aesthetic lasers market is bifurcated into ablative lasers and non-ablative lasers. The non-ablative lasers segment held 63.4% market share in 2022, amassing US$ 91.52 million. It is projected to garner US$ 218.42 million by 2030 to expand at 11.5% CAGR during 2022-2030.
Based on application, the South & Central 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 25.4% market share in 2022, amassing US$ 36.66 million. It is projected to garner US$ 86.33 million by 2030 to expand at 11.3% CAGR during 2022-2030.
Based on end user, the South & Central America aesthetic lasers market is categorized into dermatology clinics, beauty and wellness centers, medical spas, and others. The dermatology clinics segment held 46.6% market share in 2022, amassing US$ 67.30 million. It is projected to garner US$ 161.13 million by 2030 to expand at 11.5% CAGR during 2022-2030.
Based on country, the South & Central America aesthetic lasers market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 56.6% share of South & Central America aesthetic lasers market in 2022. It was assessed at US$ 81.61 million in 2022 and is likely to hit US$ 196.70 million by 2030, exhibiting a CAGR of 11.6% during 2022-2030.
Key players operating in the South & Central America aesthetic lasers market are Bausch Health Companies Inc, EI EN SpA, Alma Lasers Ltd, and Candela Corp, among others.
In Jan 2020, Candela and MT. DERM sign exclusive collaboration agreement.
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