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The global dermatology lasers market size is estimated to grow by USD 729.65 million at a CAGR of 7.4% between 2023 and 2028.
The dermatology lasers market is projected to experience a substantial expansion largely due to the prevalence of a variety of skin conditions existing around the world. These conditions such as Acne, Psoriasis, Eczema, and Rosacea, are becoming increasingly prevalent, prompting the need for more sophisticated treatments such as dermatology lasers. The prevalence of skin conditions has been steadily increasing due to a combination of lifestyle changes and environmental factors. Inactivity, poor nutrition, pollution, and ultraviolet (UV) radiation have all contributed to a rise in skin-related problems among individuals of all ages. This has led to a growing need for effective treatments and management options, resulting in the development of the dermatology lasers market. Such increasing prevalence of skin conditions will drive the growth of the dermatology lasers market during the forecast period.
Technavio has segmented the market into end-user, product, and geography (North America, Europe, Asia, and Rest of World (ROW))
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the dermatology clinics segment will be significant during the forecast period. Dermatology clinics provide a wide range of laser-based dermatology treatments, such as laser hair removal, skin resurfacing, scar revision, and vascular lesion removal. These treatments require specialized equipment and expertise, which dedicated dermatology clinics can provide. Additionally, dermatology clinics have dedicated dermatology, plastic surgery, or aesthetic departments staffed by trained healthcare professionals, ensuring the safe and effective use of laser devices.
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The dermatology clinics segment was the largest and was valued at USD 791.42 million in 2018. Dermatology clinics have a specific patient base. This enables them to cater to a particular range of patients seeking dermatology treatments, from medical necessity cases to effective procedures. Dermatology often has higher access to state-of-the-art technology and research resources related to dermatology than other generic hospitals or clinics. This facilitates the adoption of advanced laser devices and techniques, as well as participation in clinical trials, leading to further advancements in dermatology lasers. Thus, increasing demand for dermatology laser treatments, the availability of advanced laser technologies, the comprehensive healthcare facilities and expertise provided by these clinics, and the integration of laser aesthetics with other medical specialities are expected to fuel the growth of the global dermatology lasers market through the dermatology clinics segment during the forecast period.
Solid-state dermatology lasers use solid materials such as crystals or glasses as the laser medium rather than gases or liquids. Solid-state lasers are more durable, precise, and safer than liquid-based lasers. Because of this, solid-state lasers are widely used by healthcare professionals, such as dermatologists and aestheticians, for a variety of cosmetic and medical applications. One of the main advantages of solid-state dermatological lasers is that they can provide accurate wavelengths and levels of energy. This means that they can be used to target specific areas of concern. For example, they can effectively treat vascular lesions and pigmented lesions. They can also be used to remove tattoos and even hair. Solid-state lasers can also be calibrated and customized to suit different skin types. This allows for safe and effective treatments for a wide variety of patients. All these above-mentioned features of solid-state dermatology lasers will increase the growth of the global dermatology lasers market during the forecast period.
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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. North America is the largest revenue contributor to the global dermatology lasers market due to the increasing awareness and adoption of non-invasive medical skin treatments in the region. The presence of advanced healthcare infrastructure and experienced healthcare practitioners (HCPs) in North America and the availability of advanced diagnostic techniques will also drive the growth of the dermatology lasers market in this region. The most common surgeries in the US are breast augmentation and liposuction. The nation with the most cosmetic treatments performed in 2020 was the US. Over USD 9 billion was spent on cosmetic plastic surgery by Americans. Mexico is also a leading country in terms of aesthetic surgeries, with more than 900,00 procedures performed annually owing to the low cost of surgeries in the country. Thus, the increasing number of aesthetic procedures is driving the growth of the regional market during the forecast period.
The outbreak of COVID-19 in March 2020 had a significant adverse impact on the North American dermatology industry. However, in 2021, large-scale vaccination programs were initiated by the governments of the US, Canada, and Mexico, which resulted in the resumption of activities in the regional market, which revived the growth of the dermatology lasers market in North America. Moreover, the dermatology lasers market in the region will witness significant growth during the forecast period due to technological advances in dermatology lasers, skin treatment processes, and types of devices, along with the increasing prevalence of skin-related problems. These factors will consequently expand the growth of the North American dermatology lasers market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Abbott Laboratories - The company offers dermatology lasers such as Paul Getz, MD, CellFX, and others.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2023 as the base year, along with the key trends, and challenges.
Increasing demand for minimally invasive cosmetic procedures is an emerging trend shaping the market growth. The global dermatology lasers market is witnessing a surge in demand due to the increased focus on cosmetic procedures that are minimally invasive. In recent times, there has been an increased focus on preserving youthful appearance and improving facial features. As a result, non-surgical procedures have become increasingly popular due to their ability to provide successful outcomes with minimal downtime and associated risks. Minimally Invasive Cosmetic Procedures are cosmetic procedures that involve minimal incisions or the use of cutting-edge laser technology to attain desired cosmetic results. Compared to traditional surgical procedures, Medical Inquiry and conciliation Panel (MICPs) offer a range of benefits such as decreased scarring, a shorter recovery period, and reduced risk of complications.
Consequently, they have become increasingly popular among those seeking cosmetic enhancements. Minimally invasive cosmetic treatments have become increasingly popular due to a combination of factors such as increased public awareness and acceptance, media influence, celebrity endorsement, and the utilization of social media platforms. This has led to an increase in the number of individuals who are willing to explore these treatments in order to enhance their appearance, which thereby will increase the growth of the global dermatology lasers market during the forecast period.
The high cost of dermatology laser treatments is a significant challenge hindering market growth. Dermatology laser treatments are one of the most sought-after cosmetic procedures in the world. However, due to the high cost of these treatments, they face a major obstacle. Dermatology lasers are used to treat a wide range of skin conditions, including acne scars, wrinkles, pigmentation, and hair removal. The high cost of dermatological laser treatments has a direct impact on healthcare providers, as clinics and hospitals that specialize in dermatology must invest in costly laser machines and equipment.
However, this can lead to an increase in patient prices to cover the capital expenditure. This can be a problem for healthcare facilities, as it can make it difficult to attract and retain customers, especially in areas where cost-effectiveness is becoming a primary criterion for potential patients. Thus, these factors will hinder the growth of the global dermatology lasers market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Dermatology Lasers Market Customer Landscape
The dermatology lasers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Dermatology Lasers Market Scope |
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Report Coverage |
Details |
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Page number |
155 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.4% |
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Market Growth 2024-2028 |
USD 729.65 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.18 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 39% |
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Key countries |
US, Germany, UK, China, and India |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Abbott Laboratories, Asclepion Laser Technologies GmbH, Bausch Health Companies Inc., biolitec AG, Boston Scientific Corp., Candela Corp., Canfield Scientific Inc., Carl Zeiss AG, Cutera Inc., Cynosure LLC, Fotona d.o.o, IPG Photonics Corp., KRUPA MEDI SCAN, Miracle Laser and Skin Care, Quanta System S.p.A., Sisram Medical Ltd., Strata Skin Sciences Inc., Gavia Asesores Ayala SLU, Coherent Inc., and Koninklijke Philips N.V. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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