According to FutureWise analysis the market for cosmetic lasers in 2023 is US$ 3.58 billion, and is expected to reach US$ 10.73 billion by 2031 at a CAGR of 14.72%.
Cosmetic lasers serve as medical tools and devices which are used for cosmetic or aesthetic treatments. Such procedures are carried out by using certain techniques such as selective photothermolysis. While performing this technique, a light source of specific wavelength is taken up to create a thermal effect. This, in turn, leads to the disintegration of unwanted cells. The light produced from this, emerges as a highly concentrated pulsating beam. Most importantly, cosmetic procedures are less invasive and carry many benefits, as opposed to their counterparts. The type of laser devices that are used to perform procedures will depend on what kind of cosmetic issue is being dealt with. Some of the procedures that can be performed with the aid of cosmetic lasers can range from skin rejuvenation, hair removal, tattoo removal, wrinkles, removal or acne and removal of scars, among others. Positive strides in the cosmetic industries and the growing conscious regarding physical appearance are factors which are expected to augment the market growth. However, strict safety rules for aesthetic devices and procedures may prove to be potentially detrimental in the market for cosmetic lasers.