SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Laser Aesthetics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 418
Companies: 41 - Players covered include Allergan PLC; Beijing VCA Laser Technology Co., Ltd.; Body BeneFits; Cutera, Inc.; Cynosure, Inc.; Erchonia Corporation; HCbeauty Technology Co., Ltd.; Lumenis Ltd.; Merz Aesthetics; Syneron Medical Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Body Contouring Devices, Laser Resurfacing Devices)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Laser Aesthetics Market to Reach $2.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Laser Aesthetics estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Body Contouring Devices, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laser Resurfacing Devices segment is readjusted to a revised 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $593.3 Million in 2021, While China is Forecast to Reach $480.3 Million by 2026
The Laser Aesthetics market in the U.S. is estimated at US$593.3 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$480.3 Million by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.More
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SOURCE Global Industry Analysts, Inc.