Taneesa Williamson How an increased demand of surgical and non-surgical procedures has led to a surge in the global market of Aesthetic Laser and Energy Devices.
The global market for aesthetic and energy devices has been reported to reach $11.3 billion by 2027 with a compound annual growth rate (CAGR) of 10.1%, according to a report by Research and Markets. The market demand for these Laser and energy devices is a result of an increased demand of cosmetic and medical surgeries alongside a rising increase of skin disorders that require intervention.
This expansion of the worldwide aesthetic lasers and energy devices market is due to increased awareness of medical aesthetics, improvements in the area of aesthetic devices, and an increase in obesity globally. Additionally, rising disposable incomes and a growing tendency of body modification in emerging countries like China and India are expected to generate profitable opportunities for the expansion of the aesthetic lasers and energy devices market in the near future.
Alongside surgical intervention, the rising demand for non-surgical procedures also greatly contribute to these reports with patients looking to look and feel their best, without the necessary downtime. The U.S has ranked highest for non-surgical procedures performed globally, according to the International Society of Aesthetic Plastic Surgery (ISAPS), and benefits from the availability of modern treatment options and has the most surgeons on a worldwide scale, with over 7,000 plastic surgeons.
North America topped the global economy in terms of market share back in 2017, and this trend is still expected to continue during this forecast period. Because of the greater knowledge and acceptance of different non-invasive cosmetic treatments, improved health care facilities, and an increase in the frequency of skin problems, the market in this sector is predicted to grow. Additionally, the growing desire for beauty treatments among males, as well as simple access to user-friendly aesthetic devices, are projected to drive the aesthetic lasers and energy devices sector ahead in the near future well beyond 2027.
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