Increasing demand for technologically advanced equipment coupled with growing prevalence of skin diseases will drive market to US$ 1.34 billion by 2030.
DUBAI, UAE / ACCESSWIRE / October 21, 2020 / Future Market Insights: The dermatology lasers market is likely to grow at a steady pace through 2030 due to rising awareness regarding advanced laser-base treatment, and increasing prevalence of skin diseases
According to new research conducted by Future Market Insights (FMI), adoption of dermatology lasers is growing, as the healing time using these lasers is lesser than other invasive procedures
"Market players are constantly working on providing cost-efficient and reliable solutions. Launching innovative products to perform procedures with minimum side-effects is creating a positive growth trajectory," says FMI Analyst.
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Dermatology Lasers Market - Important Highlights
- Hair removal and face rejuvenation are anticipated to remain the most lucrative application segments
- North America and Europe will collectively account for 2/3rd of the total market share.
- Solid-state lasers will account for more than half of the market value owing to efficiency in heating and healing skin tissues
- Dermatology and cosmetic clinics are poised to channel more than 2/3rd of revenue to the market.
Dermatology Lasers Market - Driving Factors
- Lasers have proved to be highly beneficial in treating skin tone variations, acne scars, broken capillaries and other skin issues.
- Rising disposable income has driven the adoption of advanced laser treatment procedures in emerging economies.
- Lasers find employment in the treatment of wrinkles, sagging skin, lines and dark spots.
- Lasers are used in the process of photothermolysis to regulate heat and light frequency for the treatment of melasma.
Dermatology Lasers Market - Key Restraints
- Lack of proper reimbursement policies in few regions and high-cost of the treatment hampers market growth to a great extent.
- Side-effects like swollen or itchy skin can pose a bigger risk.
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Anticipated Market Impact by Coronavirus Outbreak
COVID-19 outbreak has resulted in shifting medical priorities. Non-essential treatments like hair removal or skin rejuvenation are losing track due to increasing number of cough and cold infections. Though North America is the most lucrative segment yet rising number of COVID patients in the region has only disturbed the dermatology lasers market.
Key players are focussing on innovative product launches and cost-efficient methodologies. Strategic partnerships and acquisitions will help the players in gaining remunerative opportunities. FMI's report on Dermatology Lasers Market presents a detailed profile of major companies like Cutera, Inc., Cynosure, Inc., Alma Laser, El.En and Candela Corporation.
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More on the Report
FMI's report on Dermatology Lasers Market presents segmentation on the basis of product type (gas lasers, solid-state lasers and pulsed dye lasers), technology (ablative lasers, non-ablative lasers), indication (hair removal, face rejuvenation, tattoo removal, skin cancer etc.) and region-wise analysis (North America, Europe, East Asia, South Asia and Oceania).
Table Of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Innovation / Development Trends
4. Market Background
4.1. Macro-Economic Factors
4.1.1. Global GDP Growth Outlook
4.1.2. Global Healthcare Expenditure Outlook
4.1.3. Global Medical Device Industry Outlook
4.2. Forecast Factors - Relevance & Impact
4.2.1. Increasing Demand For Homecare Devices
4.2.2. Increasing Strategic Activities Among Players to Increase Product Reach
4.2.3. Growing Advancements Leading to Increase in Number of Applications
4.2.4. Increasing Number of Laser Procedures
4.2.5. Growing Acceptance of Aesthetic Cosmetic Procedures
4.2.6. Increasing Use of Combination Laser Therapy for Tattoo and Hair Removal
4.2.7. Shift from Invasive to Non-invasive Laser Therapies
4.2.8. Increasing Development of Technological Advanced Products
4.2.9. Increasing Burden of Skin Problems
4.3. Market Dynamics
4.3.3. Opportunity Analysis
5. COVID19 Crisis Analysis
5.1. Current COVID19 Statistics and Probable Future Impact
5.2. Current GDP Projection and Probable Impact
5.3. Current Economic Projection as compared to 2008 financial analysis
5.4. COVID19 and Impact Analysis
5.4.1. Revenue By Product Type
5.4.2. By Technology
5.4.3. By Indication
5.4.4. By End Users
5.4.5. Revenue By Country
5.5. 2020 Market Scenario
5.6. Quarter by Quarter Forecast
5.7. Projected recovery Quarter
5.8. Recovery Scenario - Short term, Midterm and Long Term Impact
6. Market Context
6.1. Key Regulations
6.2. Reimbursement Scenario
6.3. Payer Mix Analysis (2019)
6.4. Procedure Cost Analysis
6.5. Disease Epidemiology, By Key Indication
6.6. Value Chain Analysis
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SOURCE: Future Market Insights