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Dermatology Lasers Market Research, Size, Share And Demand Analysis By 2033
Dermatology Lasers Market
According to The Business Research Company's, The dermatology lasers market size has grown strongly in recent years. It will grow from $2.07 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aesthetic industry growth, medical advancements, consumer awareness and demand, clinical efficacy and safety, shift in treatment preferences..
The dermatology lasers market size is expected to see strong growth in the next few years. It will grow to $2.88 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising demand for cosmetic procedures, medical tourism and globalization, regulatory support, investment in r&d.. Major trends in the forecast period include rise in skin disorders, patient demand for quick results, safety and efficacy, rising demand for aesthetic procedures, advanced wavelengths, non-invasive procedures..
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Market Drivers and Trends:
The increase in the incidences of skin cancer is expected to propel the growth of the dermatology lasers market going forward. Skin cancer refers to the uncontrolled proliferation of aberrant skin cells that is caused when skin cells are harmed either by tanning beds or frequent U.V. radiation. Dermatology lasers are used to provide high-intensity light that destroys or shrinks pre-skin cancer or skin cancer cells that enables less swelling, less bleeding, and scarring that helps in quicker healing of patients suffering from skin cancer. For instance, in March 2022, according to the report published by the International Agency for Research on Cancer, a France-based cancer agency of the World Health Organization, around 1.9 million skin cancer cases were diagnosed worldwide out of which 97,920 cases were of melanoma globally in the year 2022. Therefore, an increase in the incidences of skin cancer is driving the growth of the dermatology lasers market.
Technological advancements are a key trend gaining popularity in the dermatology lasers market. Companies operating in the dermatology lasers market are adopting new technologies to sustain their position in the market. For instance, in October 2021, Lutronic Corporation, a US-based medical equipment manufacturing company launched the 'Derma V Dermatology Platform' that brings all the significant lasers required by skin specialists daily into a single technology. The Derma V technology consists of a 1064nm laser plus ICD cooling, IntelliTrack, and a 532nm green laser that is used in the treatment of various skin conditions such as skin rejuvenation, pigments, and vascular. Derma V's innovative, contact-based speed sensing technology, IntelliTrack, intelligently detects handpiece movement, delivering precise coverage of the treatment area three times faster than alternative options. Additionally, optimal cryogen-based epidermal protection enables the operator to treat severe vascular lesions with the energy and power required, as well as work quickly and efficiently, while offering comfort without pressure sensitivity or contact gels.
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Major Key Players of the Market:
Alma Lasers Ltd.; Lumenis Be Ltd.; Cynosure Inc.; Quanta System SpA; Candela Corporation; Beijing Sincoheren S&T Development Co. Ltd.; Koninklijke Philips N.V; Cutera Inc.; CryoLife Inc.; Canfield Scientific Inc.; Biolitec AG; IPG Photonics Corporation; Miracle Laser & Skin Care; IRIDEX Corporation; Syneron Medical Ltd.; Mentor Worldwide LLC; Abbott Laboratories; Boston Scientific Corporation; Zimmer Medizin Systeme GmbH; Focus Technology Co. Ltd.; Sincoheren Ltd.; Fotona doo; Alcon Vision LLC; Shenzhen GSD Tech Co. Ltd.; Limmer Laser GmbH; Asclepion Laser Technologies GmbH; Centrum Techniki Laserowej Laser Instruments Sp Zoo; Hologic Inc.; DEKA Research & Development Corporation; Sciton Inc.; Solta Medical International Inc.
Dermatology Lasers Market 2024 Key Insights:
• The dermatology lasers market will grow to $2.88 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Rising Skin Cancer Incidences Fueling Expansion In The Dermatology Lasers Market
• Revolutionizing Dermatology With Cutting-Edge Technologies
• North America was the largest region in the dermatology lasers market in 2023
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