UTAH, TEXAS, USA, April 3, 2022 /EINPresswire.com/ – The global cosmetic laser market is projected to grow at a compound annual growth rate (CAGR) of 17.7%, from $ 1.64 billion in 2020 to $ 1.93 billion in 2021. The market is estimated to reach $ 3.28 billion in 2025, growing at a compound annual growth rate of 14.2%.
The growth is primarily attributable to an increase in beauty and health awareness, as well as the popularity of non-invasive treatments that produce faster results, cause less discomfort, and require less recovery time than previous approaches.
Cosmetic lasers are sold by companies (organizations, individual merchants, and partnerships) that manufacture cosmetic lasers for use in cosmetic surgery. A cosmetic laser is a technology used to treat facial wrinkles and skin irregularities, such as acne scars or blemishes.
By delivering highly concentrated light to the hair follicles, cosmetic lasers can also be used to remove unwanted hair from the body. It is used in the treatment of It is used to treat a variety of medical ailments, including droopy eyelid skin, skin aging problems, and facial wrinkles such as birthmarks, fine lines, and dark circles.
Cosmetic lasers are classified as standalone or multi-platform, including models such as pulsed dye laser (PDL), yttrium aluminum garnet (YAG) laser, carbon dioxide, erbium, intense pulsed light (IPL), radio frequency, and infrared laser . Standalone lasers have a fixed wavelength and a limited number of applicators used to treat a limited number of indications.
Multi-platform lasers consist of a handpiece containing a small laser shaft with various wavelengths for various indications. Cosmetic lasers are used in hospitals, skin care clinics and cosmetic surgery centers, including hair removal, skin resurfacing, vascular lesion removal, scar and acne treatment, and body contouring.
Strict approval restrictions for cosmetic laser products are expected to restrict the market during the forecast period. Laser device manufacturers must adhere to various standards of radiation safety, device efficiency and performance, and other FDA guidelines governing major hazard classifications. The stringent regulatory processes and requirements for cosmetic lasers extend the time it takes to bring the device to market, which may be shorter in the expected period.
In December 2019, Potomac Equity Partners, a US-based private equity firm, purchased Laser Gentle Medspa for an unknown sum through Laser MD Medspa’s portfolio company. Thanks to this acquisition, Laser MD Medspa gains global expansion and access to a full range of cosmetic and aesthetic treatments, including laser hair removal, Fraxel and Coolsculpting. Laser Gentle Medspa is a company based in the United States of America specializing in laser hair removal, skin rejuvenation and body shaping.
In the historical period, the rise of medical tourism has contributed to the growth of the cosmetic laser industry. The widespread availability of high-quality, low-cost treatment options is driving demand for medical tourism, which offers superior facilities and competent doctors for superior care and treatment at an affordable price.
The growth of medical tourism, especially cosmetic surgery Cosmetic lasers are likely to see an increase in demand due to medical tourism. As a result, the growing medical tourism business is expected to increase the demand for cosmetic lasers.
Companies are increasingly focusing their efforts on generating creative and technologically advanced items to meet the needs of end consumers, diversify their product portfolios and increase sales. Other unreliable companies and resellers, including Sentient Laser, use an arbitration clause that requires you to submit any disagreement or complaint to a costly arbitration procedure administered by the ICDR.
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