A recent analysis conducted by Polaris Market Research indicates that the aesthetic lasers market is set to grow at an impressive compound annual growth rate (CAGR) of 16.6% by 2032. Starting from a value of USD 1,351.74 million in 2023, this remarkable growth rate to USD 5,392.09 million in 2032 signifies a transformative leap for the aesthetics industry. From the latest cutting-edge technological advancements to shifting consumer preferences, this post dives into the key elements driving the growth and expansion of the aesthetic lasers market and what this means for your med spa business and the aesthetic industry.
Key Driving Factors
Increased Demand for Minimally Invasive Procedures
A key catalyst in the growth of the aesthetic lasers market is the increased demand for minimally invasive procedures. Consumers today are seeking treatments that offer noticeable results without the risks, downtime, and long recovery periods typically associated with traditional surgical procedures. Aesthetic laser treatments meet these criteria, providing the perfect solution with minimal discomfort and quick recovery times, allowing patients to quickly resume their normal activities. Moreover, the rise of social media influencers and the widespread sharing of personal experiences have further popularized these appealing procedures. They offer natural-looking results with minimal disruption to daily life, making them an increasingly attractive option for many.
Aging Population
With an aging population seeking to combat the signs of aging, aesthetic lasers provide non-invasive and minimally invasive options tailored to their needs. Whether addressing concerns like wrinkles, age spots, or skin laxity, aesthetic lasers have become indispensable in the cosmetic field. Additionally, for many, increased disposable income means greater emphasis can be placed on self-care and appearance, making the cosmetic industry a booming market.
Advances in Technology
Recent years have seen significant advancements in cutting-edge technology and development of these devices, which has played a pivotal role driving their growth. With more precision, efficacy and versatility, these aesthetic laser devices have revolutionized procedures, treatment outcomes, and higher patient satisfaction.
The report makes specific reference to the increased acceptance of radiofrequency-based treatments and devices such as Candela Medical’s PicoWay, which utilizes a picosecond laser platform to generate short, high-peak-power pulses that have a photoacoustic impact. In addition to being non-invasive, these types of devices can be used for various applications, including the treatment of pigmented lesions, tattoo removal, and skin rejuvenation.
Another device that is gaining popularity among practitioners as it can safely and effectively treat different skin types, ages, and gender is the Stellar M22, introduced by Lumenis in March 2020. It is an intelligent skin innovative platform that is made to treat over 30 skin conditions including vascular lesions, uneven skin texture, acne, sagging skin and hair removal.
Treating Certain Skin Conditions
The effectiveness of laser treatments in addressing various dermatological conditions has also emerged as a driver in the growth of the aesthetic laser market. For example, laser treatment has proven effective in reducing the appearance of acne scars, offering patients a non-surgical solution for a condition that can severely impact self-esteem.
“Another contributing factor to the growing use of aesthetic lasers is the rising incidence of skin conditions such as rosacea and other skin ailments. This has increased the demand for energy-based aesthetic lasers that offer minimally invasive treatments.”
This recognition of lasers as an effective tool in dermatology has significantly contributed to the expansion of the aesthetic laser market, making them essential components in skincare and dermatological treatment plans.
The Use of Multiplatform Lasers
Multiplatform lasers that can address multiple aesthetic concerns have emerged as the leading innovation in the aesthetic laser market. Being able to address multiple concerns allows practitioners to offer more efficient and effective care, therefore providing a comprehensive solution.
“By combining multiple treatment options into a single system, these lasers offer convenience, cost-effectiveness, and the potential for future upgrades.”
These multiplatform lasers not only help optimize available space in clinic and med spa settings but also contribute to their scalability and upgradeability, allowing practices to offer the latest technologies as they become available and ensure they stay at the forefront of aesthetic advancements.
What Laser Market Growth Means for Your Aesthetic Business
The growth of the aesthetic lasers market presents significant opportunities for med spa businesses and the aesthetic industry as a whole, signaling a booming future. Investing in the latest technology, especially multiplatform systems that can address a variety of aesthetic concerns, can provide a competitive advantage and expand service offerings. The industry can also expect an influx of new clients with diverse needs who are looking for effective, non-invasive solutions for a variety of cosmetic concerns. This larger client base ultimately translates to increased revenue.
Crucial to continued success is the need for ongoing education and training in these new technologies, ensuring they are used effectively and safely. Additionally, with an expanding market, competition is expected to intensify, emphasizing the importance of innovative marketing strategies and exceptional service to stand out and thrive.
Sources:
- Polaris Market Research. (2023, May 18). Aesthetic Lasers Market Size & Share Global Analysis Report, 2032. Polaris. https://www.polarismarketresearch.com/industry-analysis/aesthetic-lasers-market?utm_source=whatech&utm_medium=refferal&utm_campaign=shorturl&utm_content=whatech-com-842916
- Aesthetic Lasers Market Size, Share & Trends Analysis Report by Application (IPL Laser Treatment, Laser skin Resurfacing, Noninvasive Tightening, Laser-Assisted), by region, and segment Forecasts, 2022 – 2030. (n.d.). https://www.grandviewresearch.com/industry-analysis/aesthetic-lasers-market
