DUBLIN--(BUSINESS WIRE)--The "South and Central America Aesthetic Medical Laser Systems Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, Application, and End-User" report has been added to ResearchAndMarkets.com's offering.
Hair Removal Segment Held Largest Share of Application in South and Central America Aesthetic Medical Laser Systems Market in 2019
South and Central America Aesthetic Medical Laser Systems Market is expected to reach US$ 154.92 million in 2027 from US$81.17million in 2019. The market is estimated to grow with a CAGR of 8.7% from 2020-2027.
Based on application, the aesthetic medical laser systems market is segmented into hair removal, acne and scars, skin rejuvenation, pigmented lesions, leg and varicose veins, and others.
The hair removal segment held the largest share of the market in 2019, where as the skin rejuvenation segment is anticipated to register the highest CAGR in the market during the forecast period. The hair removal segments growth is fuelled due to the rising application of intense pulsed light (IPL) tools.
Thus, due to the growing demand for hair removal treatment by laser and their precise hair removal techniques, it contributes to the markets growth.
On the other hand, the skin rejuvenation segment is expected to grow at the fastest CAGR during the forecast period as various companies have a broader range of skin rejuvenation laser systems. In addition, older people are significantly adopting this therapy for their younger-looking appearance.
The growth of this market is estimated to grow owing to key driving factors such as an upsurge in aesthetic and cosmetic procedures and an increase in the advancements in technologies regarding aesthetic medical laser systems. However, the market growth is likely to be hindered owing to the high rise in the healthcare costs for aesthetic medical laser devices.
Bausch Health Companies Inc., Candela Medical, Cutera Inc. are among the leading companies operating in the South and Central America aesthetic medical laser systems market.
Key Market Dynamics
Market Drivers
- An Upsurge in Aesthetic and Cosmetic Procedures
- Increase in the Advancements in Technologies Regarding Aesthetic Medical Laser Systems
Market Restraints
- High Rise in the Healthcare Costs for Aesthetic Medical Laser Devices
Market Opportunities
- High Growth in Medical Tourism across South and Central America
Future Trends
- Increased Participation of Key Market Players in the Aesthetic Medical Laser Systems Market
The report segments South and Central America Aesthetic Medical Laser Systems Market as Follows:
By Type
- Standalone Lasers
- Multiplatform Lasers
By Application
- Hair Removal
- Acne and Scars
- Skin Rejuvenation
- Pigmented Lesions
- Leg and Varicose Veins
By End User
- Hospitals
- Clinics
- Medical Spas
Companies Mentioned
- Bausch Health Companies Inc.
- Sisram Medical Ltd
For more information about this report visit https://www.researchandmarkets.com/r/vlnns5
