Rising prevalence of skin diseases coupled with demand for minimally invasive procedure as a preferred treatment of these diseases are the key factors driving the global aesthetic lasers and energy devices market. Aesthetic lasers also finds application in fat reduction. Thus, increasing incidence rate of obesity worldwide is also propelling the growth of the aesthetic lasers and energy devices market. The aesthetic lasers and energy devices are helpful in the treatment for unwanted lesions, acne, damaged skin, wrinkles and removal of tattoos. Various technological advancements and innovations in the aesthetic lasers and energy devices such as portable pen shaped devices with higher functionality and ease of operation are expected to further fuel the global aesthetic lasers and energy devices market over the forecast period. In addition, the U.S. FDA approval for various novel devices such as Syneron Candela’s PicoWay Picosecond Laser are also providing lucrative growth platform to this market.
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In product segment market, body contouring device segment held the largest market share in 2014. Multiple advantages attached to body contouring device such as fat removal, skin tightening and body shaping are the factors attributing for its share. In addition, the presence of both invasive and non invasive body contouring devices along with ultrasound assisted liposuction devices in the market are expected to further drive the growth of the market over next seven years.
Geographically, North America held the largest revenue share as of 2014, owing to the technological advancements, escalated healthcare expenditure and favorable approval regulations in this region. Europe is anticipated to witness steady growth over coming seven years owing to rising geriatric patient base in the region clubbed with shifting of patient’s preference from hospital care to home healthcare. Asia Pacific is expected to be the fastest growing regional market over the forecast period due to increasing obese population, especially in urban areas thereby pushing demand for bariatric surgeries in this region.
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The global aesthetic lasers and energy devices market is competitive in nature. Some prominent players operating in the market include Cutera Palomar Medical Technologies, Lutronic, Inc., Allergen, Inc., Zeltiq Aesthetics, Ultrashape Ltd., Chromognex Technologies Ltd., Photomedex Inc., Medicis Pharmaceuticals Corporation, Lumenis Ltd., Cynosure Inc and Mentor Corporation.
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