The Global Cosmetic Laser market size is expected to reach USD 1.149 billion by 202, with Asia Pacific witnessing highest Growth rate
Hyderabad, India -- (SBWIRE) -- 02/07/2018 -- The report "Aesthetic/Cosmetic Lasers Market by Type (Standalone (CO2, Er:YAG, Diode, Nd:YAG, Alexandrite, Pulsed-Dye), Multiplatform), by Application (Acne, Scars, Hair Removal, Varicose Veins), by End User (Hospitals, Medical Spa, Private clinics)- Forecast to 2021", The Aesthetic/Cosmetic Lasers Market is expected to reach USD 1.149 Billion by 2021 from an estimated USD 698 Million in 2016, at a CAGR of 10.5%. Growing disposable incomes, increasing medical awareness, technology advancements, and steadily growing importance for non-invasive cosmetic procedures are the primary drivers of this market.
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By Type, the Standalone segment accounted for the largest share of the market in 2016
On the basis of Type, the Aesthetic/Cosmetic Lasers Market has been segmented into Standalone (CO2, Er:YAG, Diode, Nd:YAG, Alexandrite, Pulsed-Dye), Multiplatform. In 2016, the Standalone segment is expected to account for the largest share of the global Aesthetic/Cosmetic Lasers market. This is because of easy usage of Standalone lasers and simplicity of function. This is expected to grow at a high CAGR in the forecast period.
By Application, the Hair Removal segment accounted for the largest share of the market in 2016
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On the basis of Application, the Aesthetic/Cosmetic Lasers Market has been segmented into Acne, Scars, Hair Removal, and Varicose Veins. In 2016, the Hair Removal segment accounted for the largest share of the global Aesthetic/Cosmetic Lasers Market.
By End User, the Private Clinics segment accounted for the largest share of the market in 2016
On the basis of End User, the Aesthetic/Cosmetic Lasers Market has been segmented into Hospitals, Medical Spa, Private clinics. In 2016, the private clinics segment accounted for the largest share of the global Aesthetic/Cosmetic Lasers Market. It is also expected to be the fastest-growing segment during the forecast period.
North America accounted for the largest share of the Aesthetic/Cosmetic Lasers Market in 2016, followed by Europe. The large share of the North American Aesthetic/Cosmetic Lasers Market can be attributed to the growth in technology and Cosmetic Laser research grants and funds in the US.
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