PUBLISHER: The Business Research Company | PRODUCT CODE: 1409351
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409351
“Dermatology 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 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 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 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.
Dermatology lasers are advanced medical devices used for various skin treatments, including addressing conditions such as birthmarks, scars, and wrinkles. These lasers stimulate radiation emissions to target specific skin concerns and are widely utilized in dermatology for treating skin diseases, pigmented lesions, skin resurfacing, tattoo removal, and skin rejuvenation.
The primary categories of dermatology lasers include gas laser machines, semiconductor laser machines, gem laser machines, and others. Gas laser machines, for example, utilize an electric current through a gas to produce coherent light, making them effective in treating scars, benign growths, and age-related skin conditions. Key technologies in this field include dermatology lasers and non-ablative dermatology lasers, and these lasers find applications in therapeutic, aesthetic, and other settings, including hospitals, skin care clinics, and cosmetic surgical centers.
The dermatology lasers market research report is one of a series of new reports from The Business Research Company that provides dermatology lasers market statistics, including dermatology lasers industry global market size, regional shares, competitors with a dermatology lasers market share, detailed dermatology lasers market segments, market trends and opportunities, and any further data you may need to thrive in the dermatology lasers industry. This dermatology 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 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 observed in the historical period can be attributed to the expansion of the aesthetic industry, advancements in medical technologies, increased consumer awareness and demand, the proven clinical efficacy and safety of treatments, and a shift in preferences towards aesthetic procedures.
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 forecasted growth in the upcoming period can be attributed to the increasing demand for cosmetic procedures, the growth of medical tourism and globalization, regulatory support fostering innovation, and investments in research and development. Major trends expected in the forecast period include the rise in skin disorders, growing patient demand for quick and effective results, emphasis on safety and efficacy in treatments, increasing demand for aesthetic procedures, advancements in wavelengths, and a preference for non-invasive procedures.
The anticipated rise in skin cancer cases is poised to drive the expansion of the dermatology lasers market. Skin cancer results from the unchecked growth of abnormal skin cells caused by exposure to tanning beds or frequent UV radiation. Dermatology lasers, utilizing high-intensity light, effectively eliminate or reduce these pre-cancerous or cancerous cells, promoting quicker healing with reduced swelling, bleeding, and scarring. According to the International Agency for Research on Cancer's March 2022 report, there were approximately 1.9 million diagnosed cases of skin cancer worldwide in 2022, including 97,920 cases of melanoma. This surge in skin cancer cases is a significant factor fueling growth in the dermatology lasers market.
The escalating demand for aesthetic procedures is expected to be a major driver for the dermatology lasers market. Aesthetic procedures encompass various medical treatments aimed at enhancing physical appearance through incisions and tissue manipulation. Dermatology lasers play a crucial role in these procedures, targeting skin improvements such as wrinkle reduction and pigmented lesion removal. Statistics from the International Society of Aesthetic Plastic Surgery in January 2023 revealed a 19.3% increase in global aesthetic procedures performed by plastic surgeons, totaling over 12.8 million surgical and 17.5 million non-surgical procedures. This growing demand for aesthetic enhancements is a key factor propelling the expansion of the dermatology lasers market.
Technological advancements are a prominent trend shaping the dermatology lasers market. Companies within this sector are actively embracing new technologies to maintain their market positions. For example, in October 2021, Lutronic Corporation, a US-based medical equipment manufacturer, introduced the 'Derma V Dermatology Platform.' This cutting-edge technology consolidates essential lasers used in everyday dermatological practices into a single platform. The Derma V system, incorporating a 1064nm laser with ICD cooling, IntelliTrack, and a 532nm green laser, caters to various skin conditions such as skin rejuvenation, pigmentation, and vascular issues. Notably, Derma V's innovative speed-sensing technology, IntelliTrack, detects handpiece movement for precise treatment area coverage three times faster than alternatives. Furthermore, its cryogen-based epidermal protection facilitates treating severe vascular lesions efficiently, ensuring operator comfort without pressure sensitivity or the need for contact gels.
Leading companies in the dermatology lasers market prioritize the development of cutting-edge technologies, notably non-invasive fractional lasers, to maintain a competitive advantage. These lasers function by delivering energy to the skin in minuscule fractions, generating microscopic treatment zones. For instance, Solta Medical International Inc., a US-based medical aesthetics firm, introduced the Clear + Brilliant Touch laser in March 2021. This non-invasive fractional laser provides a tailored treatment protocol suitable for patients of diverse ages and skin types within a single appointment. Leveraging dual wavelengths-1440nm and 1940nm-the laser targets distinct skin depths, effectively addressing various skin concerns. Clinically proven to enhance overall skin appearance, the Clear + Brilliant Touch laser stands as a safe and efficient treatment option.
In October 2021, Vitruvian Partners LLP, a UK-based investment firm, completed the acquisition of Fotona Holdings, reinforcing its aim to bolster Fotona's market presence and innovative prowess in Asia and globally. Fotona Holdings, a Slovenia-based laser manufacturing company, specializes in developing lasers for diverse industrial and medical applications. The undisclosed acquisition by Vitruvian Partners LLP intends to fuel Fotona's expansion, leveraging its technological capabilities in the laser market.
Major companies operating in the dermatology lasers market report are 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
North America was the largest region in the dermatology lasers market in 2023. The regions covered in the dermatology lasers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the dermatology lasers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dermatology lasers market includes revenues earned by entities by providing services such as facial rejuvenation, scar treatment, skin cancer, and wound treatment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The dermatology lasers market consists of sales of pulsed dye dermatology lasers, solid-state dermatology lasers, Ablative lasers, and nonablative lasers to provide dermatology laser treatment services. 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.