Cosmetic Lasers’ Market, soaring high!
Thanks to advances made in aesthetic cosmetic procedures, the cosmetic laser market valuation is predicted to expand at a CAGR of 13.7 per cent in the next six years.
Lasers help with a range of aesthetics procedures such as hair removal, tattoo removal, wrinkles, acne and scar removal, and skin rejuvenation. New and innovative technologies are used such as Q-Switched, intense pulse light (IPL), infrared lasers, and high-power optically pumped semiconductor (HOPSL) lasers. Of this group, there is an especially fast-growing demand for laser technology for the treatment of scar and acne removal.
Quick look at the cosmetic lasers’ market
Expansion in medical tourism in the Asia Pacific and Latin American regions makes them the highest growth and revenue markets in terms of the cosmetic industry. Advanced technologies, clinical and care expertise, and relative lower costs are the USP of these regions. North America led the global market in 2017 in cosmetic laser use, due to the presence of advanced facilities. The cosmetic lasers market stood at US$ 1,455.1 million in 2017 and is projected to grow to a CAGR of 13.7 per cent from 2018 to 2026. Opportunities in the market are growing considerably in India, Thailand, Brazil, Mexico, and Turkey. A rise in the adoption of advanced, non-invasive tech in various aesthetic procedures is the reason for the growing demand in the cosmetic lasers segment. Also, the growing proclivity of people spending on aesthetic procedures, coupled with the growing affordability of advanced treatments – such as those for acne and scar removal – is boosting market growth.