The aesthetic laser market encompasses the medical equipment or devices used for cosmetic non-surgical treatments such as hair removal, pigmented lesions & tattoo removal, skin resurfacing, skin rejuvenation, vascular lesions, and others. The devices including both standalone and multipurpose laser devices that are widely utilized by end-users, namely hospitals, medical spas, private clinics and multi-speciality centres, owing to the laser benefits like fast recovery time, less pain, small & precise incisions. As a result of growing inclination of geriatric population towards non-surgical skin procedures, high disposable income, stress on appearance and rising medical tourism, the market is elevating at a noteworthy rate with a CAGR of 10.54% as per Inkwood Research.
Further, the increasing awareness among people about laser treatments and its acceptance accompanied by the lucrativeness of market compel end-users to invest huge capital in the technology, thereby providing an opportunistic market for aesthetic laser vendors.
Below is the List of Top Aesthetic Laser Companies:
- SharpLight Technologies –
SharpLight Technologies, an Israel-based firm, was established in 2004. The firm is one of the leading innovators of advanced, non-invasive systems for the medical aesthetic & cosmetic industry. The company offers products such as Er: YAG Fractional Laser 2940nm, Nd: YAG LP Laser 1064nm, along with its flagship proprietary Dynamic Pulse Control (DPC) & DPC Flow technologies.
- Lumenis Ltd.-
Headquartered in Hakidma, Israel and established in 1966, Lumenis Ltd., deals with development and manufacture of minimally-invasive clinical solutions for Ophthalmology, surgical & aesthetic sectors. It supplies innovative energy-based technologies like laser, intense pulse light and radiofrequency and products like AcuPulse & PiQo4 (laser pigmentation & tattoo removal machine). The Chinese firm, XIO Group, acquired the company in 2015.
- Syneron Candela-
Syneron Candela was established in 2000 and is headquartered at the US. The company operates and supplies non-surgical aesthetic devices to numerous countries, namely France, Germany, North America, UK, Australia, China, Japan, and others. The extensive product portfolio of the firm includes VelaShape, UltraShape Power, GentleLase, CO2RE, CO2RE Intima, Profound, VBeam, Perfecta, and PicoWay.
- Cynosure Inc.-
Cynosure Inc., founded in 1991, is a US-based organization and operates in the regions of North America, Europe, Asia, and others. Medical technology firm, Hologic Inc. acquired the company in 2017. Cynosure develops & manufactures a broad range of light-based aesthetic & medical treatment systems. The products offered include Apogee, Vectus Laser, among others for procedures such as body contouring, hair removal, skin revitalization, cellulite treatment, and vascular treatment.
- Alma Lasers, Inc.
Alma Lasers, the US-based firm founded in 2000, is a global innovator of laser, light-based, radiofrequency and ultrasound solutions for aesthetic and surgical markets. The organization offers products like Harmony system, Soprano ICE, Accent, Soprano Lite, and others for the treatment of scars, wrinkles, hair removal, cellulite, and lipolysis. In 2017, it launched 1064 Nd YAG capabilities on its Soprano ICE platform which provides all three wavelengths.
Thus, these prominent aesthetic laser providers, along with others focus on various strategies such as mergers & acquisitions, new product launch, partnership, and expansion, to influence and maintain a stronghold in the market. Besides, with rising innovation in laser technology, the requirement of low-cost cosmetic lasers, and new players, the aesthetic laser market showcases massive opportunities and prospect.