Triton Market Research presents their Global aesthetic laser market report segmented by Types (Standalone Lasers and Multiplatform Lasers), by Applications (Hair Removal, Skin Rejuvenation, Vascular Lesions, Pigmented Lesion & Tattoo Removal and Other Applications), by End-Users (Private Clinics, Hospitals, Medical Spas and Other End-users) and by geographical region (North America, Europe, Asia Pacific and Rest of World) - discussing Industry Value Chain Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2019-2027).
The market of aesthetic laser deals with devices that are laser-equipped and are utilized for beauty treatments, which include skin rejuvenation, hair removal, vascular lesions, treatment of pigmented lesions, skin resurfacing, and others. Triton Market Research has projected that the global aesthetic laser market is anticipated to grow at a compound annual growth rate of 11.24% throughout the forecasting period of 2019-2027.
The increase in the dispensable income across the globe, rise in the aging population and the change in the habits and lifestyle of the people, majorly influenced by globalization are the prime factors that are responsible for the increasing demand of the aesthetic laser market globally. However, strict rules and regulations imposed by the government is one of the prime reasons that are responsible for declining the aesthetic laser market growth. In addition, misconception related to cosmetic surgeries is also majorly responsible for restricting the demand and dwindling the aesthetic laser market globally.
In terms of geography, the market is bifurcated into four key economies, including North America, Asia Pacific, Europe and the Rest of World. Triton anticipates North America to be the prime region by holding the colossal share in the global aesthetic laser market. This rapid growth in the region is attributed to the growing acceptance for non-invasive cosmetic treatments and the sedentary lifestyle of people. Also, the growing disposable income in the top North America countries like the U.S and Canada is acting as a key driver in the aesthetic laser market. Alternatively, the Asia-Pacific region is rapidly evolving with the fastest growth rate in the global aesthetic laser market throughout the forecasting years. The growing application of aesthetic laser in the healthcare sector is the major driver proliferating the market growth in the region.
The aesthetic laser market is highly dynamic with the presence of a significant number of players such as Lutronic Corporation, Cynosure (Acquired by Hologic), Alltec Gmbh, Fotona, Inmode Aesthetic Solutions, Solta Medical (Valeant Pharmaceuticals), Sciton Inc., and others. The companies are striving to compete by providing similar characteristics and price with similar features at competitive prices in the market. Moreover, these companies are also engaged in upgrading the product quality by using high-quality electronic parts, adoption of new technologies and merging with other companies.
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