Laser Resurfacing Market Research, 2031
The global laser resurfacing market size was valued at $283.6 million in 2021, and is projected to reach $649.9 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031. Laser resurfacing uses lasers to tighten skin, remove benign (non-cancerous) and malignant lesions, diminish the appearance of wrinkles and scars, even out skin coloration (pigmentation), and minimize the appearance of wrinkles and scars. The laser procedure exposes the uneven skin to brief, targeted, and pulsing light beams. Laser skin resurfacing eliminates the skin very precisely, layer by layer, by vaporizing it. Lasers are used to remove the epidermis, the top layer of skin, while heat is applied to the dermis, the layer underneath. The stimulation of new collagen fiber production by the lasers results in the production of new skin that is smoother and firmer. Other names for this widespread procedure include Las abrasion, laser peel, and laser vaporization.
Growth of the global laser resurfacing market size is majorly driven by increase in the number of laser resurfacing procedure and rise in number of product launch and product approval for laser resurfacing device. For instance, according to the International Society of Aesthetic Plastic Surgery (ISAPS) in 2020, it was reported that approximately 240,213 micro-ablative resurfacing procedures were conducted by plastic surgeons worldwide. As per the same source, around 225,141 full field ablative procedures were conducted worldwide in 2020. In addition, increase in self-awareness among young population regarding aesthetic appearance propels the demand for facial aesthetics treatment, which fuels the market growth. Moreover, increase in sedentary lifestyle in young population, further led to appearance issues such as facial hair and pigmentation, making them conscious about their appearance, which increases the need for laser resurfacing procedure. For instance, ablative and non-ablative laser resurfacing treatment that aims to reduce facial fine lines and wrinkles, encourages young population to opt for such kind of facial aesthetic procedure. This surges the demand for facial aesthetic procedure and thus, drives the growth of the laser resurfacing market.
Technological advancement in the field of healthcare sector is anticipated to fuel the growth of laser resurfacing market. Moreover, rise in the number of product approval for new laser resurfacing device is attributed to boost the market growth. For instance, in April 2022, Cutera, a leading provider of dermatology solutions, announced the FDA (Food and Drug Administration) approval of AviClear, only device for the treatment of mild, moderate, and severe acne. In addition, in February 2019, Cutera, a leading provider of dermatology solutions, announced the product launch of the excel V+® the next generation laser platform. The excel V+ is a technological advancement that includes 50% more power and treatment speed, optimized delivery systems and parameters for unparalleled precision in treating vascular lesions and pigmentation concerns. Moreover, in April 2021, Lynton Lasers Ltd., a manufacturer of aesthetic products, announced the launch of CoolPeel, an advanced laser peel treatment that makes the benefits of CO2 resurfacing. CO2 lasers have long been regarded as an aesthetic gold standard for treating ageing skin and they have become synonymous with real improvement in wrinkles, age spots, and skin texture.
On the other hand, side effects and high cost of laser resurfacing treatment and side effects associated with it are anticipated to restrain the growth of the laser resurfacing market.
The COVID-19 outbreak is anticipated to have a negative impact on growth of the global laser resurfacing market. Most of the ablative and non-ablative laser treatments schedules are postpone or rescheduled due conversion of dermatology clinics into COVID hospitals. A number of clinics and hospitals were restructured to increase hospital capacities for patients diagnosed with COVID-19. Non-essential surgical procedure was cancelled due to the pandemic. Laser resurfacing procedures are non-emergency procedures that significantly hampered revenue of aesthetic companies. In addition, sudden sharp cut in monthly income of people is anticipated to have a negative impact on the laser resurfacing market. Implementation of lockdown, owing to the COVID-19 outbreak resulted in decline in number of patient visits for aesthetic procedures during the pandemic, which hampered the laser resurfacing market growth.
Laser Resurfacing Market Segmentation
The laser resurfacing market is segmented into application, gender, provider and type, and region. By type, the market is segmented into non-ablative and ablative. By gender, it is bifurcated into male and female. By application, it is divided into wrinkles and scar, aging hands, sagging skin and others. By provider, the market is divided into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Laser Resurfacing Market By Type
The ablative segment dominated the market in 2021, and is expected to continue this trend during the laser resurfacing market forecast period, owing to increase in the number of product launches for ablative laser resurfacing devices and high presence of key players who manufactures ablative laser resurfacing devices.
Laser Resurfacing Market By Gender
The female segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in awareness among the female population regarding aesthetic appearance and rise in female population.
Laser Resurfacing Market By Application
The wrinkles and scar segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to rise in the number of geriatric populations and increase in awareness among people regarding aesthetic appearance.
Laser Resurfacing Market By Provider
The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in the number of hospitals and rise in expenditure by government to develop healthcare infrastructure.
Laser Resurfacing Market By Region
North America accounted for a majority of the global laser resurfacing market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to advancement in technology to develop laser resurfacing devices and high presence of laser resurfacing industry. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in geriatric population and increase in number of laser resurfacing procedures.
Some of the major companies that operate in the global laser resurfacing market include Aesthetic Solutions Inc., Alma laser, Cutis Dermatology, Elan aesthetics Inc., Estique clinic, Glow Anti-Aging Clinic., SpaMedical., Lynton Lasers Ltd; Pure Luxe Medical, and Venus Treatments.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser resurfacing market analysis from 2021 to 2031 to identify the prevailing laser resurfacing market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laser resurfacing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laser resurfacing market trends, key players, market segments, application areas, and market growth strategies.
Laser Resurfacing Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 649.9 million |
 Growth Rate | CAGR of 8.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 240 |
 By Application |
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 By Gender |
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 By Provider |
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 By Type |
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 By Region |
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 Key Market Players | SpaMedical, Estique clinic, Cutis Dermatology, Aesthetic Solutions Inc., Lynton Lasers Ltd, Alma Laser, Inc, Elan aesthetics Inc, Glow Anti-Aging Clinic, Venus Treatments, Pure Luxe Medical |
Analyst Review
Laser resurfacing is a facial rejuvenation procedure that uses a laser to improve the skin's appearance or treat minor facial flaws. There are two types of laser resurfacing treatment types which includes non-ablative and ablative laser. This treatment is used in both male and female population. Application of laser resurfacing is for wrinkles and scar, aging hands, sagging skin and others. Providers of laser resurfacing treatment are specialty & dermatology clinics, hospitals and others.
The report provides market dynamics and trends related to the laser resurfacing market. The valuations comprise revenue generated from adoption of laser resurfacing by specialty & dermatology clinics, hospitals and others.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investment. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.
The top companies that hold the market share in laser resurfacing market are Aesthetic Solutions Inc., Alma laser, Cutis Dermatology, Elan aesthetics Inc., Estique clinic, Glow Anti-Aging Clinic., SpaMedical., Lynton Lasers Ltd; Pure Luxe Medical, and Venus Treatments
Asia-Pacific is expected to register highest CAGR from 2022 to 2031, owing to rise in geriatric population and increase in number of laser resurfacing procedures.
The key trends in the laser resurfacing market are the increase in the number of laser resurfacing procedure and rise in number of product launch and product approval for laser resurfacing device.
The base year for the report is 2021.
Yes, laser resurfacing companies are profiled in the report
The forecast period in the report is from 2022 to 2031
The forecast period in the report is from 2022 to 2031
The market value of laser resurfacing market in 2022 was $307.6 million
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