Dermatology Lasers Market to Record a Steady Boost CAGR During 2018 – 2026
Light amplification by stimulated emission radiation is abbreviated as LASER. Laser is a source of light with very high intensity. Its light can be focused accurately on very small spots on the skin. Lasers have become an important modality of treating various skin diseases. Lasers aim to work on target cells without affecting the nearby cells. Various types of skin lasers are used in dermatology, such as CO2 lasers, YAG lasers, Aron Lasers, etc. Lasers can be used for different conditions such as treating warts, removal of hair, resurfacing of the skin, etc.
The global dermatology lasers market is poised to experience a robust growth during the forecast period. Trending concern about beauty and cosmetology among people is an important factor boosting the growth of the global dermatology lasers market. There is a rise in incidences of skin cancers. According to the World Health Organization, it is anticipated that about 2 to 3 million non-melanoma skin cancers and about 130,000 melanoma skin cancers occur across the world every year, which is also propelling the growth of the global dermatology lasers market during the forecast period. Increase in geriatric population and baby boomers is another major factor contributing to the growth of the global dermatology lasers markets since many undergo laser surgeries. Furthermore, rise in hair-related problems, prevalence of unhealthy lifestyle leading to skin diseases, environmental changes affecting the skin, time-saving and effective results of lasers, low side effects, and rise in demand from consumers for minimally invasive procedures and technologically advanced surgeries are projected to boost the growth of the global dermatology lasers market during the forecast period. However, high cost of the treatment, concerns regarding safety, etc. are the major restraints likely to hamper the growth of the global dermatology lasers market during the forecast period.
The global dermatology lasers market can be segmented on the basis of product type, application, amplifying media, configuration, end-user, and region. Based on product type, the global dermatology lasers market can be divided into surgical lasers and vascular lasers. The surgical lasers segment is expected to hold a significant share of the global market as this type of laser is more commonly used. In terms of application, the global dermatology lasers market can be classified into cancer, hair removal, tattoo removal, resurfacing, and others. Based on amplifying media, the global dermatology lasers market can be categorized into solid state, gas, and dye. On the basis of configuration, the global dermatology lasers market can be divided into mobile and fixed. In terms of end-user, the global dermatology lasers market can be classified into hospitals and clinics, specialty clinics, academic and research institutes.
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The dermatology lasers market is projected to expand at a significant growth rate across the world. Geographically, the dermatology lasers market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to dominate the global dermatology lasers market in terms of value throughout the forecast period. The factors contributing to the growth of the dermatology lasers market in North America are rise in awareness among people regarding signs of aging, unhealthy lifestyle, prevalence of skin cancer, etc. Asia Pacific is expected to grow at a significant rate during the forecast period. Some of the factors contributing to the growth of the dermatology lasers market in the region are increase in skin-related surgeries, rise in the trend of hair removal by lasers, surge in incidence of cancer, etc.
Major players in the dermatology lasers market are striving to develop lasers having low side effects and which are cost-effective and highly efficient. Prominent players operating in the global dermatology lasers market include CTL – CENTRE OF LASER TECHNOLOGY – LASERINSTRUMENTS, Alma Lasers, Limmer Laser GmbH, and Asclepion Laser Technologies GmbH.
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