The aesthetic lasers and energy devices market has been estimated to grow at a compound annual growth rate (CAGR) of 12%, increasing from a value of $1.4 billion in 2011, to reach a market value of $3 billion by 2018.
Growth in the aesthetic lasers and energy devices market can be predominantly attributed to the continuous rise in obesity rates, along with treatments at home becoming ever more popular as consumers opt for quick and cost effective non-surgical cosmetic procedures.
Home use devices are the fastest growing segment in the aesthetic lasers and energy devices market. With a value of $700 million in 2011, the market has been predicted to grow at a CAGR of 13% to reach $1.6 billion by 2018.
Aesthetic lasers are preferred for body contouring and skin exfoliation in the case of many busy individuals, due to speed, price and convenience. Similarly, fractional non-ablative lasers are expected to dominate the skin resurfacing device market, due to reduced recovery times.
A rapid rise in obesity rates in emerging economies such as China and India is also expected to fuel the growth of body-contouring devices in the aesthetic lasers and energy devices market.
Laser-assisted liposuction procedures are set to drive the future market for aesthetic lasers and energy devices, providing impressive fat reduction for the rapidly expanding obese market.
For more information on the aesthetic lasers and energy devices market, see the latest research: Aesthetic Lasers and Energy Devices Market
Follow us on Twitter @CandMResearch
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.