Laser Resurfacing Market By Type (Non Ablative, Ablative), By Application (Wrinkles and scar, Aging Hands, Sagging skin, Others), By Gender (Male, Female), By Provider (Specialty and Dermatology Clinics, Hospitals, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global laser resurfacing market was valued at $283.6 million in 2021, and is projected to reach $649.9 million by 2031, registering a CAGR of 8.7% from 2022 to 2031. Laser resurfacing is a cosmetic or aesthetic rejuvenation procedure that uses a laser to enhance the skin's look or cure minor facial defects. Both ablative and non-ablative lasers or other light sources can be used. Ablative lasers destroy the skin's thin outer layer (epidermis) and heat the skin underneath (dermis), which encourages the synthesis of collagen, a protein that enhances the firmness and smoothness of the skin. The treated part appears smoother and tighter as the epidermis recovers. Ablative therapy methods include carbon dioxide (CO2) laser, erbium laser, and combination systems. Non-ablative laser or light source is also used for stimulation of collagen growth. It is a less aggressive approach than an ablative laser and has a shorter recovery time. But the results are less noticeable. Types include pulsed-dye laser, erbium, and intense pulsed light (IPL) therapy.
The laser resurfacing market is driven by rise in shift of customers toward minimally invasive and non-invasive procedures, increase in number of non-surgical aesthetic procedures such as ablative and non-ablative laser resurfacing treatment and other. Moreover, rise in awareness regarding skin health, and surge in expenditure on human healthcare services boosts the growth of the market. For instance, according to a report by the American society of plastic surgeons (ASPS), in 2020, it was reported that around 16 million cosmetic procedures were conducted, globally. As per the same source, it was also reported that consumers spent approximately $20 billion on facial aesthetics procedures globally. Moreover, according to a report shared by American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) in February 2022, total number of surgical and non-surgical procedures was 1.4 million in 2021, and have increased by 40% than 2020.
In addition, rise in the number of ablative and non-ablative laser resurfacing procedure is anticipated to fuel the growth of the market. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), it was reported that, around 225,141 full field ablative procedures were performed by plastic surgeon over the globe in 2020. As per the same source, it was reported that 190,978 field ablative procedures were performed by plastic surgeon over the globe in 2019. It has increased by 17.9% from 2019 to 2020. Thus, rise in the number of ablative and non-ablative laser resurfacing procedures is anticipated to drive the growth of laser resurfacing market.
Moreover, rise in geriatric population, increase in awareness among people regarding laser resurfacing and rise in adoption of facial aesthetic procedure for improving physical appearance are anticipated to drive the demand of laser resurfacing market. In addition, rise in product launch and product approval for laser resurfacing boosts the market growth. In addition, key player who manufactures laser resurfacing devices are adopting key strategies such as collaboration, acquisition, agreement, business expansion and partnership are anticipated to drive the growth of the market.
On the other hand, high cost associated with laser resurfacing treatment and side effects of laser resurfacing hinder the market growth. The global laser resurfacing market is segmented on the basis of type, gender, application, provider, and region. By type, the market is segmented into non-ablative and ablative. By gender, it is bifurcated into male and female. Based on application market is divided into wrinkles and scar, aging hands, sagging skin and others. By provider, the market is divided into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global laser resurfacing market include Aesthetic Solutions Inc., Alma laser, Cutis Dermatology, Elan aesthetics Inc., Estique clinic, Glow Anti-Aging Clinic., SpaMedical., Lynton Lasers Ltd. Pure Luxe Medical, and Venus Treatments.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser resurfacing market analysis from 2021 to 2031 to identify the prevailing laser resurfacing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the laser resurfacing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global laser resurfacing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Wrinkles and scar
Aging Hands
Sagging skin
Others
By Gender
Male
Female
By Provider
Others
Specialty and Dermatology Clinics
Hospitals
By Type
Non Ablative
Ablative
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Colombia
Rest of LAMEA
Key Market Players
Alma Laser, Inc
Aesthetic Solutions Inc.
Cutis Dermatology
Elan aesthetics Inc
Estique clinic
Glow Anti-Aging Clinic
Lynton Lasers Ltd
Pure Luxe Medical
Venus Treatments
SpaMedical
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