EXHIBIT 21

SUBSIDIARIES OF THE REGISTRANT

The following is a list of the subsidiaries of the Company:


 
 
                                            Place of
                  Subsidiary             Incorporation
       --------------------------------  -------------
                                   
 1)    Candela Iberica, S.A.             Spain
 
 2)    Candela France S.A.R.L.           France
 
 3)    Candela K.K.                      Japan
 
 4)    Candela Laser (Deutschland) GmbH  Germany
 
 5)    Candela Skin Care Centers, Inc.   Massachusetts