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Global Dermatology Medical Lasers Market Comprehensive Study: Forecasted Market Size And Growth Rate | Cynosure Inc., Peninsula, Miracle Laser, Syneron, Shenzhen GSD, Sincoheren, Fotona, Alma Lasers Ltd., Cutera Inc., SemiNex Corporation, Valeant Pharmace
Dermatology Medical Lasers Market Trends
The Business Research Company offers in-depth market insights through Dermatology Medical Lasers Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The dermatology medical lasers market size has grown rapidly in recent years. It will grow from $3.58 billion in 2023 to $4.24 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to groeing tattoo removals, growing emphasis on aesthetic and anti-aging treatments, rising prevalence of skin diseases, increasing awareness of dermatology medical lasers, growing focus on preventive skincare.
The dermatology medical lasers market size is expected to see rapid growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to non-invasive fat reduction, combination therapies, aging population, expansion of skin care services, increasing uv radiation and pollution. Major trends in the forecast period include ai-enhanced treatment planning, fractional laser resurfacing, eco-friendly and sustainable lasers, personalized treatment plans.
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Market Segmentation:
The main devices of dermatology medical lasers are surgical lasers and vascular lasers. A vascular laser is a type of device that is utilized to treat vascular lesions, like port wine stains, spider veins, rosacea, and wrinkles by targeting the vessels in these specific areas. The various applications involved are cancer, hair removal, tattoo removal, resurfacing, and others that are used by various end-users such as hospitals, skincare clinics, and cosmetic surgical centers.
Major Driver - Surging Demand For Cosmetic Procedures Fuels Growth In Dermatology Medical Lasers Market
The growing demand for cosmetic procedures is expected to drive the dermatology medical lasers market. There has been an increase in the number of people opting for cosmetic procedures to enhance the appearance levels and treatment of defects on the skin. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), a US-based medical organization dedicated to facial plastic and reconstructive surgeries, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 grew by 40% as compared to 2020. In 2021, roughly 1.4 million surgical and nonsurgical procedures were performed. Hence, the growing demand for cosmetic procedures among users aids in the growth of the dermatology medical lasers market.
Competitive Landscape:
Major companies operating in the dermatology medical lasers market include Cynosure Inc., Peninsula, Miracle Laser, Syneron, Shenzhen GSD, Sincoheren, Fotona, Alma Lasers Ltd., Cutera Inc., SemiNex Corporation, Valeant Pharmaceuticals International Inc., Asclepion Laser Technologies GmbH, Biolitec AG, Boston Scientific Corporation, Candela Medical Corporation, DEKA Research & Development Corporation, DermaQuip, DermaSweep, DermTech, Dominion Aesthetic Technologies, GymnaUniphy, Hologic Inc., IPG Photonics Corporation, Lumenis Ltd., Milesman, Quanta System S.p.A., Sciton Inc., Sharplight Technologies, Solta Medical Inc., Thermi, Venus Concept Ltd., Viora Ltd., Zimmer MedizinSysteme GmbH, Zeltiq Aesthetics Inc.
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Top Trend - Growing Adoption Of Picosecond Lasers Beyond Tattoo Removal In Dermatology
Companies are increasingly investing in Picosecond Lasers for skin treatments other than tattoo removal as they have found their use in the treatment of acne, skin lightening, and skin tightening. For instance, in January 2021, LASEROPTEK Co Ltd received FDA 510(k) clearance for its next-generation PicoLO Premium Picosecond ND: YAG Laser. Therefore, the use of picosecond lasers in dermatological processes is expected to be the new trend in the dermatology medical lasers market.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dermatology Medical Lasers Market Characteristics
3. Dermatology Medical Lasers Market Trends And Strategies
4. Dermatology Medical Lasers Market - Macro Economic Scenario
5. Dermatology Medical Lasers Market Size And Growth
…..
27. Dermatology Medical Lasers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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