Investment Rating - The report does not explicitly provide an investment rating for the laser medical beauty service industry Core Insights - The laser medical beauty service market in China is expected to continue growing, with a projected market size increase from 37.6 billion to 62.6 billion from 2024 to 2028, reflecting a CAGR of 13.6% [8] - The demand for non-surgical medical beauty projects is increasing, particularly among younger consumers, who are driving the market towards personalized and customized services [10] - The industry is experiencing significant technological advancements, with domestic brands rapidly catching up to international competitors, leading to a shift towards standardized and professional service offerings [9][28] Market Background - Laser medical beauty services are defined as non-surgical treatments utilizing medical laser equipment for skin beautification, including functions such as anti-aging, pigmentation removal, and hair removal [5] - The market has evolved significantly since the introduction of the first ruby laser in China in 1961, with key milestones marking the development of laser medical applications [6][7] Market Status - The market size for laser medical beauty services in China grew from 2.29 billion in 2019 to 3.24 billion in 2023, with a CAGR of 9.1% [8] - The number of treatments reached 3.357 million in 2023, indicating a strong consumer interest in laser services [8] Market Competition - The competitive landscape is fragmented, with major players categorized into three tiers: top-tier brands like Crystal Skin and Rui Li, mid-tier brands like United Lige, and lower-tier brands like Milan Baiyu [13] - The evaluation of brands is based on sales volume, project coverage, and operational efficiency, with a focus on capturing consumer demand [11][12] Development Trends - The demand for light medical beauty services is leading the market, with laser technology applications expanding into new areas [26] - Technological innovation is driving service upgrades, with domestic equipment manufacturers increasingly replacing imported brands [27] - The industry is moving towards higher standards of regulation and consumer education, promoting a shift towards professional and sustainable practices [28]