This industry research report presents a comprehensive segmentation of the aesthetic laser and energy devices market in the US by product type (laser devices, light therapy devices, radiofrequency devices, and ultrasound devices) and by procedures (body contouring, skin resurfacing, and skin rejuvenation). The report also provides a market share analysis of the key companies, including Cutera, Cynosure, Lumenis, and Syneron.
Technavio has released its new market research report, aesthetic laser and energy devices market in the US, which is expected to grow at a CAGR of around 12% between 2016 and 2020. The market is growing rapidly due to the augmented adoption of laser aesthetics for cosmetic procedures and new product launches. Factors like the rising aesthetic consciousness among the populace and increasing treatment areas will lead to a rise in demand for aesthetic procedures during the forecast period.
“Aesthetic treatment has gained huge popularity in developed nations, as a part of the normal health management procedure. Medical laser technology such as transdermal focused ultrasound, low-level laser, high-intensity focused ultrasound, and monopolar RF are popular non-invasive methods of fat reduction. Recent technological advancements have enabled generating high-efficiency beams of medical use, i.e., 72% in the 780-1,100 nm range. Moreover, laser-based technologies such as Thermicon addresses consumer concerns about the limitations of the currently available hair removal products including pain and safety,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
Recently, it has been observed that patients prefer laser-based aesthetic procedures over conventional surgical resection procedures as it offers advantages like reduced morbidity and hospital stay. The ability of laser-based procedures to cost effectively treat a wide array of conditions, such as body contouring, acne, warts, and facial vein removal, is a critical factor that impels its adoption during the forecast period.
The key vendors in the aesthetic laser and energy devices market in the US include Cutera, Cynosure, Lumenis, and Syneron. This market is highly competitive due to the presence of numerous international and regional players. To gain maximum traction in this market, the vendors compete on the basis of product price, quality, and efficacy as it helps them to boost their revenue generating capacity. The intense competition in this market has resulted in an increased number of mergers and acquisitions, wherein smaller entities are being acquired by major players.
A more detailed analysis is available in the Technavio report, Aesthetic Lasers and Energy Devices Market in the US 2016-2020.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global Energy-based Therapeutics Market- Industry Analysis 2015-2019
- Global Breast Implants Market 2015-2019
- Global Dermal Facial Fillers Market 2015-2019
- Global Facial Interfaces Market 2015-2019
- Global Dental Implants Market 2015-2019
- Dental Implants Market in Europe 2015-2019
- Dental Implant Market in Japan 2015-2019
