According to the latest industry analysis by Future Market Insights (FMI), the global dermatology excimer lasers market is poised for significant expansion, with an anticipated Compound Annual Growth Rate (CAGR) of 11.4%. This surge is expected to propel the market value from US$ 87.7 million in 2023 to an impressive US$ 258.4 million by the year 2033.
The market for dermatological excimer lasers witnessed a valuation of US$ 79.4 million by the close of 2022, with a projected year-over-year expansion of 10.4% in 2023.
Ablative lasers have emerged as the preferred choice for treatment owing to their efficiency and safety. Unlike conventional lasers, such as excimer lasers, which may entail prolonged recovery periods and thermal damage, ablative lasers efficiently eliminate the outer layers of aged and sun-damaged skin with their strong laser light.
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Advancements in dermatology technology, coupled with a burgeoning elderly population and increased demand for youthful, healthy-looking skin among the younger demographic, are driving the adoption of ablative lasers. Consequently, the demand for dermatology lasers, particularly ablative ones, is expected to witness a corresponding rise.
Furthermore, the prevalence of conditions like acne and scarring, particularly in regions such as the United States, is anticipated to contribute to the growth of the ablative lasers market.
In tandem with the increasing demand for vibrant tattoos, there is a parallel surge in the demand for tattoo removal services. Effective tattoo removal requires varied levels of light depending on the colors of the tattoo. Combined laser therapy has proven highly effective in this regard, as different wavelengths target different pigments, ensuring comprehensive removal.
Moreover, given that a single laser may only partially clear a tattoo after multiple sessions, combination laser therapies are increasingly preferred to achieve optimal results while mitigating risks such as dyschromia and ink retention.
The projections from Future Market Insights underscore the burgeoning opportunities in the global dermatology excimer lasers market, driven by technological advancements and evolving consumer preferences.
Key Takeaways:
Trolley-mounted excimer lasers are the leading segment product among lasers, and held about 47.7% market share in 2022, due to their ability to provide physicians with a compact and versatile tool for the treatment of various skin conditions.
- Psoriasis is a leading segment as an application, and held about 7% market share in 2022, due to escalating demand for more efficacious treatments has propelled industry players to adopt excimer lasers as preferred treatment methodologies for psoriasis.
- By end user, the dermatology & cosmetic clinics dominated the global dermatology excimer lasers market holding a total market share of about 5% by the end of 2022, owing to the increasing demand for non-invasive and effective medical treatments used in these clinics becoming more common.
- By region, North America is leading in the global dermatology excimer lasers market. The presence of numerous renowned laser manufacturers, research institutions, and medical device companies in North America has contributed to significant advancements and the development of cutting-edge laser technologies in the field of dermatology.
“Increasing adoption of aesthetic cosmetic procedures and growing awareness and diagnosis of skin diseases to create a lucrative potential for the market to grow,” says an analyst of Future Market Insights.
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Market Competition:
Key participants are actively engaged in strategies such as acquisitions, mergers, collaborations, and partnerships to expand their companies. Key players in the market understand the importance of staying at the forefront of technological advancements. They invest in research and development to create innovative products that offer improved efficacy, precision, and patient outcomes. These advancements can range from refined laser systems and optimized treatment protocols to enhanced user interfaces and integrated software solutions.
- Phoenix Rising Companies, a distributor of high-tech medical products, announced a definite MOU to buy Emvera Technologies, LLC in February 2022.
- In July 2021, Quanta System and Clarion Medical Technologies Inc. teamed together to market and sell their cutting-edge portfolio of thulium and holmium laser systems, laser fibres, and accessories in Canada.
- Alma Laser
- Ra Medical Systems
- STRATA Skin Sciences
- GSD – Global Skin Dermatologist (Shenzhen GSD Tech Co., Ltd)
- Kernel Medical Equipment Co., LTD
- KRUPA MEDI SCAN
Key Segments Covered in Dermatology Excimer Lasers Industry Research:
By Product:
- Table Top Excimer Lasers
- Handheld Excimer Lasers
- Trolley Mounted Excimer Lasers
By Application:
- Psoriasis
- Vitiligo
- Eczema/ Atopic Dermatitis
- Allergic Rhinitis
- Alopecia Areata
- Others
By End User:
- Hospitals
- Dermatology & Cosmetic Clinics
- Plastic Surgery Centers
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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