The Australia skin laser market size is anticipated to reach USD 566.2 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The growing aesthetic consciousness and increasing awareness about physical grooming in the country have led to high demand for skin laser procedures. In addition, the rising incidence of skin conditions, such as wrinkles, skin pigmentation, and acne, coupled with a growing obsession with flawless skin in Australia is anticipated to drive the market growth.
Emerging technologies, such as the combination of laser resurfacing technologies with other treatment options, are anticipated to further drive market growth. Emerging therapies, such as laser-radiofrequency therapy, laser ablation incorporated with platelet-rich plasma, and laser-assisted drug delivery, are anticipated to reduce downtime & adverse effects of ablative resurfacing without compromising on the efficacy.
Australia Skin Laser Market Report Highlights
- The ablative laser technology segment held the largest market share in 2021 as it can be used on a range of skin conditions, including scars, deep wrinkles, fine lines, sun damage, etc.
- The non-ablative laser technology segment is expected to gain remarkable popularity in the forecast period, as it is effective on all skin types, is non-invasive, and is a low-risk procedure
- The laser skin resurfacing machine product segment is also expected to be boosted significantly during the forecast period, as these machines are most commonly used for the treatment of photo-damaged skin & acne scars
- The wrinkles application segment is expected to lead the market in the forthcoming years due to the high demand for anti-aging and wrinkle treatment procedures
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The skin laser market in Australia is developing rapidly due to the growing esthetic awareness. In the current scenario, the population of all demographic segments lays great importance on enhancing their esthetic appeal. According to Plastic Surgery Statistics Report, in Australia, the top cosmetic procedures carried out are breast augmentation & reduction, antiwrinkle injections, fillers, liposuction, and laser & IPL.
The pandemic had imposed severe restrictions on Australia’s aesthetic market, which also hampered the in-office laser procedures in the country as of the first and second quarters of 2020. However, many aesthetic clinics around the country have resumed aesthetic services under strict COVID-19 guidelines and patient safety, which will in turn is expected to boost market growth during the forecast period.
COVID-19 Impacts On Australia Skin Laser Market
The outbreak of COVID-19 led many aesthetic facilities to completely halt their services and permanently cancel appointments as they were considered non-essential and high contact in nature. Esthetic treatments like laser resurfacing also witnessed a setback and the number of procedures declined due to the pandemic. However, the number of people willing to undergo cosmetic treatments has increased, which might drive the demand for skin laser treatments in the country. The increasing prevalence of skin conditions is a significant factor leading to an increase in the demand for laser resurfacing devices, thus driving the market growth.
Industry Share Analysis By Major Players
The players in the regional skin laser market are focusing on the development of new products and innovations, thus increasing the availability of advanced laser techniques in the market. Laser techniques are constantly undergoing significant improvements, which have made devices more efficient and cost-effective. The introduction of both ablative and non-ablative techniques will provide physicians with a high level of treatment flexibility and allow patient customization based on skin conditions. Some of the prominent players in the Australia skin laser market include:
- Alma Lasers GmbH
- Altair Instruments
- Cynosure, Inc.
- Cutera, Inc.
- Syneron Medical Ltd.
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Australia Skin Laser Market Segmentation
Grand View Research has segmented the Australia skin laser market on the basis of technology type, product, and application:
- Australia Skin Laser Technology Type Outlook (Revenue, USD Million, 2018 – 2030)
- Australia Skin Laser Product Outlook (Revenue, USD Million, 2018 – 2030)
- Australia Skin Laser Application Outlook (Revenue, USD Million, 2018 – 2030)
- List of Key Players in the Australia Skin Laser Market
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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