PUBLISHER: The Business Research Company | PRODUCT CODE: 1387696
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387696
“Dermatology Medical Lasers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dermatology medical lasers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dermatology medical lasers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The dermatology medical lasers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Dermatology medical lasers play a significant role in treating skin-related medical conditions and addressing issues like tattoo removal, scar treatment, and wrinkle reduction.
The primary categories of dermatology medical lasers include surgical and vascular lasers. Vascular lasers specifically target vascular lesions, effectively treating conditions such as rosacea, spider veins, port wine stains, and wrinkles by focusing on the affected vessels. These lasers find application in skin cancer treatment, hair and tattoo removal, skin resurfacing, and other related procedures. Various end-users, such as hospitals, skincare clinics, and cosmetic surgery centers, utilize these devices for their treatments.
The dermatology medical lasers market research report is one of a series of new reports from The Business Research Company that provides dermatology medical lasers market statistics, including dermatology medical lasers industry global market size, regional shares, competitors with a dermatology medical lasers market share, detailed dermatology medical lasers market segments, market trends and opportunities, and any further data you may need to thrive in the dermatology medical lasers industry. This dermatology medical lasers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 historical period was driven by increasing demand for tattoo removal, a heightened focus on aesthetic and anti-aging treatments, a rise in skin disease prevalence, growing awareness of dermatology medical lasers, and an increased emphasis 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 forecasted growth in the upcoming period is anticipated due to several factors such as non-invasive fat reduction, combination therapies, the aging population, expansion of skincare services, and the increasing effects of UV radiation and pollution. Major anticipated trends include AI-enhanced treatment planning, fractional laser resurfacing, eco-friendly and sustainable lasers, as well as personalized treatment plans.
The burgeoning interest in cosmetic procedures is poised to propel the dermatology medical lasers market. An evident increase in individuals opting for these procedures to enhance appearance and address skin imperfections is observed. As an example, in February 2022, based on the report from the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), the performed surgical and nonsurgical facial treatments in 2021 escalated by 40% compared to the previous year. Approximately 1.4 million procedures were carried out in 2021. This heightened demand for cosmetic procedures plays a significant role in boosting the dermatology medical lasers market.
The anticipated rise in skin disorders is set to drive growth in the dermatology medical laser market. These disorders encompass a range of conditions that affect the skin's health and function. Dermatology medical lasers offer diverse applications to treat these disorders, providing effective and often minimally invasive solutions for various dermatological concerns. For instance, recent data from the American Cancer Society indicates that while melanoma comprises only about 1% of skin cancers, it accounts for the majority of skin cancer-related deaths. In the year 2023, an estimated 97,610 new cases of melanoma were reported, with an anticipated 7,990 deaths from the disease. This elevation in skin disorders plays a pivotal role in propelling the dermatology medical laser market's growth.
Substitutes for laser skin treatment are anticipated to impede the advancement of the dermatology medical lasers market. The rising preference for alternative skin treatment methods, including drug-based treatments, chemical procedures, microneedling, and Botox surgeries, is poised to impede market growth. Notably, the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS) observed a 40% surge in the demand for surgical and nonsurgical facial plastic surgery treatments in comparison to the previous year, indicating a notable inclination toward alternative methods. This increasing demand for alternatives is expected to act as a deterrent to the market's progression.
Companies are progressively directing investments toward Picosecond Lasers, expanding their utilization beyond tattoo removal to encompass treatments like acne, skin lightening, and skin tightening. For example, in January 2021, LASEROPTEK Co Ltd obtained FDA 510(k) clearance for its advanced PicoLO Premium Picosecond ND: YAG Laser. This signifies a growing trend in the dermatology medical lasers market where picosecond lasers are anticipated to play an increasingly significant role in diverse dermatological procedures.
Major players in the dermatology medical laser market are strategically focusing on rolling out innovative devices like the UltraClear Laser-Coring to consolidate their market presence. The UltraClear Laser-Coring is specifically designed for tissue coring to address deep wrinkles, scars, and age-related skin issues across all skin types, promising a painless and downtime-free experience. For example, Acclaro Medical, a leading U.S.-based medical equipment developer, unveiled the UltraClear Laser-Coring in August 2023. This groundbreaking laser introduces an advanced approach, promoting smoother and younger-looking skin, particularly in addressing deep wrinkles and scars through its pioneering technique. It achieves remarkable collagen remodeling by combining fractional tissue coring with laser rejuvenation, eliminating the necessity for anesthesia or recovery time.
In April 2023, Strata Skin Sciences, Inc., a U.S.-based medical device company, completed the acquisition of Ra Medical Systems' Dermatology Division for an undisclosed amount. This strategic move by Strata Skin Sciences is aimed at expanding its presence in the dermatology sector while providing Ra Medical's existing clientele access to its extensive business solutions. Ra Medical Systems, Inc. specializes in producing catheters and the DABRA excimer laser, primarily used for treating vascular conditions.
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.
North America was the largest region in the dermatology medical lasers market in 2023. Asia-Pacific was the second-largest region in the dermatology medical lasers market report. The regions covered in the dermatology medical lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the dermatology medical lasers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The dermatology medical lasers market consists of sales of surgical lasers and vascular lasers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.