July 25, 2022
According to the research report titled ‘Global Dermatology Lasers Market Size study, by Product Type (Solid-State Lasers, Gas Lasers, Pulsed Dye Lasers ) by Indication (Hair Removal, Facial Rejuvenation, Tattoo Removal, Scar Treatment, Skin Cancer, Psoriasis, Vitiligo, Varicose Veins, Actinic Keratosis, Wound Treatment, Others) by Technology (Ablative Lasers, Non-Ablative Lasers) by end use industries (Hospital, Ambulatory Surgical Centers, Dermatology & Cosmetic Clinics) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global dermatology lasers market is anticipated to amass notable returns by the year 2028.
As per report findings, growing demand for aesthetic surgery and procedures as well as rapid improvements in laser technology are the major growth catalysts for global dermatology lasers market.
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According to Statista, global cosmetic surgery & procedure market was worth USD 26 billion in 2016 and is expected to reach USD 46 billion by 2026.
For the unversed, dermatology lasers are used to resurface the skin by using light energy. This light radiation is extremely focused and only affects the skin's damaged cells, leaving good skin cells alone. Laser skin therapies not only shield the healthy skin cells but also encourage collagen synthesis.
Furthermore, flourishing healthcare infrastructure in emerging nations, and rising medical tourism are expected to augment industry outlook in the coming years.
However, widespread availability of alternative treatments, and high prices associated with cosmetic procedures may hamper worldwide dermatology lasers market growth during the stipulated timeframe.
Regionally, the latest industry trends are studied across North America (U.S., Canada), Europe (U.K, France, Germany, Spain, Italy), Asia Pacific (China, South Korea, India, Australia, Japan), and Latin America (Brazil, Mexico).
Among these, North America market is showcasing notable growth at present, due to booming healthcare vertical, and rapid development of laser technology in the region.
Whereas Asia Pacific industry is poised to witness a healthy CAGR over the analysis timeframe, on the back of rising living standards of individuals, and improving healthcare infrastructure in the region.
Spectranetics Corporation, Koninklijke Philips N.V., Quanta System S.p.A., Boston Scientific Corporation, Abbott Laboratories, Alma Lasers Ltd., Biolitec AG, IPG Photonics Corporation, IPG Photonics Corporation, Cynosure LLC, and Cutera Inc. are the leading players in global dermatology lasers market.