Dermatology Lasers Market
Number of pages: 100 | Report Format: PDF | Published date: May 01, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023 to 2031
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Report Attribute |
Details |
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Market Size Value in 2022 |
US$ 1.6 billion |
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Revenue Forecast in 2031 |
US$ 3.0 billion |
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CAGR |
7.3% |
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Base Year for Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
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Segments Covered |
Product, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global dermatology lasers market was valued at US$ 1.6 billion in 2022 and is expected to register a revenue CAGR of 7.3% to reach US$ 3.0 billion by 2031.
Market Fundamentals
Laser treatment works by pixelating or fractionating the laser light so that each laser pulse only treats a small part of the skin. This permit intervening or undamaged skin cells to renew quickly, resulting in quicker healing. The tiny laser treatment helps the body produce more collagen, tightening skin and improving overall texture and appearance. Furthermore, cutting-edge laser methods and intense pulsed light (IPL) equipment are employed to eradicate undesirable face and body hair effectively. Many advantages of laser therapy for cosmetics include eliminating or decreasing brown spots or other discolorations, improving skin tone, improving or minimizing wrinkles, reducing acne or surgical scars, reducing sun-damaged or aging skin, collagen regeneration in the skin, removing unsightly facial or body hair, and removing tattoos rosacea treatment.
Nowadays, laser technology is used in more medical and cosmetic dermatological operations than ever before. Laser-assisted lipolysis, for example, is a moderately invasive treatment, whereas photobiomodulation is fully non-invasive. This broad range includes skin resurfacing, non-invasive body sculpting, hair and tattoo removal, and treatment of vascular and pigmented lesions. The precise selection of laser type, wavelength, and pulse width is critical to success in each application.
Photobiomodulation is a non-thermal process involving laser light’s interaction with certain cellular chromophores. The connection favors cellular metabolism, resulting in therapeutic advantages such as tissue regeneration, quicker wound healing, pain reduction, and functional improvements. Laser diodes are commonly utilized in this application. On the contrary, skin resurfacing uses longer wavelength water absorption to heat tissue, producing limited and controlled ablative or non-ablative damage to the top skin layers. Clinical advantages include wrinkle reduction, treatment of solar lentigines and acne scars, and improvement in the appearance of vascular lesions. To accurately provide the appropriate non-ablative damage pattern, pulsed lasers such as IPG's thulium lasers are utilized. Due to the higher water absorption of these wavelengths, ablative skin resurfacing necessitates the employment of mid-IR lasers.
Laser-assisted lipolysis delivers regulated doses of laser energy to fat tissue via a specifically developed cannula. A diode laser selectively heats fatty tissue, generating a cascade of thermally induced biochemical events that finally enhance intracellular fat release. The liquefied fat is then aspirated using standard liposuction procedures. In a non-invasive setting, laser light is supplied straight through the skin at a low pace, usually in conjunction with strong skin surface cooling. Light absorption in subcutaneous fat promotes a steady decrease in fatty tissue, eliminating the need for liposuction or other invasive procedures.
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Market Dynamics
Individuals have access to improved healthcare facilities in their nations due to their increasing disposable income, which will boost the expansion of the dermatological laser market in future years. Various reasons, including increased technological breakthroughs, an increase in the number of people who can afford the treatment, and an increase in the amount of money spent on healthcare, are expected to fuel the dermatological laser market's expansion.
Rising laser treatment popularity, rising aesthetic awareness among the general population, rising spending power, the growing popularity of skincare treatments, and a few other factors are expected to drive demand for dermatology lasers in the country at a healthy CAGR during the forecast period. Squamous cell carcinoma (SCC) is the second most common kind of skin cancer, accounting for around 30% of cancer cases in Japan. SCC, on the other hand, is a slow-growing malignancy with a high recovery rate when detected and treated early.
The industrial and macroeconomic aspects associated with device licensing, medical device regulations, and environmental safety measures will likely affect and enhance the dermatological lasers market. Similarly, increased knowledge and skin problems about the availability of innovations related to laser-based treatments will propel the dermatology laser market forward during the forecast period. As the prevalence of skin cancer increases, so will the need for laser treatments. As a result, dermatological laser treatments are required, which also provides an appealing opportunity for market participants.
The high cost of therapy and a lack of effective reimbursement policies in a few locations are severely impeding market expansion. Furthermore, side effects such as swollen and itchy skin can pose a significant threat to the growth of the dermatology laser market, despite market participants constantly working to provide cost-effective solutions.
Market Ecosystem
The global dermatology lasers market is analyzed from the following perspectives by product, application, end user, and region.
Dermatology Lasers Market by Product
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Based on the products, the global dermatology lasers market is segmented into solid-state dermatology lasers, gas dermatology lasers, and pulsed dye dermatology lasers.
The solid-state dermatology lasers segment showed significant growth during the forecast period. Solid-state lasers, which remain the most prevalent, will continue to account for more than half of the market's share. Solid-state lasers are attractive because of their capacity to produce near-infrared wavelengths that are easily absorbed by the chromospheres of melanin and hemoglobin and penetrate deep into the skin. As they can easily penetrate deep skin tissues such as large blood vessels and vascular lesions, solid-state lasers are ideal for complex treatments.
Dermatology Lasers Market by Application
Based on the applications, the global dermatology lasers market is segmented into hair removal, facial rejuvenation, skin cancer, psoriasis, actinic keratosis, and others.
Dermatological lasers for psoriasis and facial rejuvenation segments are predicted to increase demand as more skin disease cases develop in the future. Over the forecast period, the dermatology treatment market for psoriasis and facial rejuvenation is expected to grow at a positive CAGR. As the demand for dermatological treatments and procedures grows, so does research and investment, broadening the breadth of applications. As patients become more concerned about current aesthetic standards, demand for dermatological lasers for facial rejuvenation therapy will likely expand dramatically over the next decade.
Dermatology Lasers Market by End User
The global dermatology lasers market is segmented into hospitals, ambulatory surgical centers, dermatology, and cosmetic clinics based on the end users.
The dermatology and cosmetic clinics segment presently accounts for over two-thirds of market value. It will maintain dominance during the forecast period due to millennials' rising demand for skin care professionals. Dermatology and cosmetic clinics are currently expected to have the largest revenue share of the worldwide market. Patients are increasingly selecting private clinics over hospitals since they do not incur additional costs such as administration fees.
Dermatology Lasers Market by Region
Based on the regions, the global dermatology lasers market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is expected to lead the dermatological lasers market due to increased awareness of skin problems and a high level of living, accounting for more than half of worldwide revenue. The region’s wealth stems from people's understanding of skin diseases and willingness to pay for medical care. The aesthetics segment in the United States has grown dramatically in the last ten years due to the country's rising reliance on social media. Celebrities and social influencers' increased desire for the perfect body and lifestyle has affected aesthetic trends and the laser treatment industry in the United States.
Europe is expected to remain the second-most profitable market during the forecast period. The social and economic repercussions of skin problems and the assistance offered by regional governments drive demand for dermatological lasers in the region. The demand for dermatological laser products is increasing with the increase in the prevalence of psoriasis. The growing need for less invasive procedures is also a key development driver in Europe. Asia Pacific region is expected to be at the highest CAGR during the forecast period owing to the rising demand and rising population.
Dermatology Lasers Market Competitive Landscape
Some of the prominent market players in the global dermatology lasers include,
Dermatology Lasers Market Strategic Developments
Laser treatment works by pixelating or fractionating the laser light so that each laser pulse only treats a small part of the skin. This permits intervening or undamaged skin cells to renew quickly, resulting in quicker healing.
North America region is dominating the global dermatology lasers market.
The estimated market size of the dermatology lasers market in 2031 will be 3.0 billion.
The revenue CAGR of the dermatology lasers market during the forecast period will be 7.3%.
Some prominent market players in the global dermatology lasers include PG Photonics Corporation, Biolitec AG, and Alma Lasers.
*Insights on financial performance are subject to the availability of information in the public domain