Dermatology Lasers Market

The dermatology lasers market is projected to grow at a Compound Annual Growth Rate (CAGR) of 7.0% from 2023 to 2030, expanding from US$ 1,767.8 billion in 2023 to US$ 3,487.8 billion in 2030.

The increasing awareness of skin disorders and the rising incidence of skin cancer have made dermatology lasers an integral part of dermatological treatments. Dermatologists are utilizing these lasers to address various skin conditions, including skin cancer, cosmetology research, and cosmetic dermatological procedures such as dermabrasion for surgical and acne scar removal, driving the market's growth.

According to the World Health Organization (WHO), one in every three diagnosed malignancies is skin cancer, with around 3 million non-melanoma skin cancers and nearly 130,000 melanoma skin cancers developing globally each year.

Dermatology lasers offer a wide range of applications, including hair removal, tattoo removal, and skin resurfacing. They are effective in treating primary skin disorders, cutaneous cancers, and various aesthetic applications. The increasing scope of dermatology laser applications has prompted manufacturers to develop innovative laser equipment to treat autoimmune conditions like psoriasis, vitiligo, and alopecia areata.

Additionally, low-intensity laser equipment is being used for wound healing. These lasers can be precisely targeted to affect specific cells while avoiding nearby cells. Various lasers, including Q-switch Nd: YAG, carbon dioxide, argon, ruby, dye, and metal vapor lasers, are employed in dermatology, depending on the specific application.

What is Influencing Demand for Dermatology Laser Devices across the World?

Laser treatments are recommended by dermatologists to address skin problems that may not respond well to traditional methods such as orally delivered medications or creams/gels or those that take a prolonged time to heal. The targeted nature of lasers allows them to treat specific skin issues without harming the surrounding area, thanks to their monochromatic properties.

For instance, lasers are employed in the photo thermolysis procedure, utilizing their ability to modulate light frequency and generate heat to destroy damaged skin tissue at the root of skin conditions. In the case of dark spots, lasers can target the brown pigment in the skin called melasma for effective removal.

Dermatology lasers have proven to be highly efficient in treating various skin disorders, including skin tone variations, broken capillaries, acne scars, rosacea, and actinic keratosis, among others. Moreover, these laser systems offer the advantage of producing fast results and require less downtime for recovery after treatment, presenting lucrative opportunities for market players.

What are the Key Obstacles that Dermatology Laser Manufacturers Face?

Despite its efficacy, laser treatment in dermatology may pose certain negative effects in certain cases, which can hinder the market's growth. The intensity of laser treatments can vary from person to person, and when performed by inexperienced practitioners, they can lead to both short- and long-term consequences.

For instance, facial rejuvenation procedures using lasers may cause skin irritation, puffiness, and redness. While the first two symptoms may subside quickly, the redness can persist for months, and underlying skin issues may worsen.

Ablative laser skin resurfacing can also lead to hyperpigmentation, causing the skin to become darker than before the procedure. Moreover, when using ablative lasers to resurface areas close to the lower eyelid, there is a risk of exposing the eyelid to the laser, potentially leading to temporary vision problems.

Furthermore, in some countries, the lack of appropriate reimbursement policies and the high cost of laser therapy can impede market expansion.

Which are the Lucrative Regions for Dermatology Lasers Market Players?

This study on dermatology laser products covers various regions, including North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).

North America is expected to dominate the dermatology laser products market, contributing to over 50% of the global value. The region's prosperity is driven by the high awareness of skin disorders and the willingness of people to invest in medical care.

Europe is projected to maintain its position as the second leading region during the assessment period. The social and economic impact of skin diseases, along with government support to reduce their incidence, is driving the demand for dermatology lasers in the region. Additionally, the increasing cases of psoriasis and the growing preference for less invasive surgeries are key factors contributing to market growth in Europe.

East Asia is poised to remain a significant region during the forecast period, with substantial growth in market share expected. The region's improved living standards and the development of healthcare infrastructure are paving the way for increased demand for hair removal and facial rejuvenation procedures.

A Glimpse of Country-wise Insights

What is the Outlook for Demand for Dermatology Laser Equipment in Japan?

Over the forecast period, the demand for dermatology lasers in the country is anticipated to grow at a healthy Compound Annual Growth Rate (CAGR), fueled by various factors. These factors include the rising popularity of laser treatments, increasing aesthetic awareness among the general population, growing spending power, and the increasing popularity of skincare treatments.

Additionally, Squamous cell carcinoma (SCC), ranking second in skin cancer, constitutes approximately 30% of cancer diagnoses in Japan. Although SCC is a slow-growing cancer, early detection and treatment result in a good recovery rate. This effectiveness in treating SCC is expected to further drive the demand for dermatology lasers in the country.

Why is the United States, a Lucrative Market for Dermatology Laser Producers?

Over the past decade, there has been a remarkable growth in the aesthetics sector in the United States, mainly attributed to the increasing popularity of social media in the country. The demand for the perfect body and perfect life, fueled by celebrities and social influencers, has significantly influenced aesthetic trends and shaped the laser treatment market in the United States.

Several prominent factors are expected to steer the dermatology laser industry in the country. These factors include the availability of a wide range of beauty and dermatology laser treatments, the rising spending potential of the population, the growing popularity of cosmetic surgeries, and the presence of leading providers offering dermatology laser machines. Additionally, the prevalence of skin cancer is also likely to impact the adoption of laser treatments, leading to increased sales of dermatology lasers.

Category-wise Analysis

Which Type of Dermatology Laser is Most Popular?

Solid-state lasers remain the most favored choice, constituting more than half of the total market value. Their popularity is attributed to their capability to produce near-infrared wavelengths that can deeply penetrate the skin and are efficiently absorbed by hemoglobin and melanin chromophores.

Moreover, solid-state lasers are well-suited for intricate treatments as they can easily target deep skin tissues like large blood arteries and vascular lesions. This feature enhances their demand in the market.

Which End User Accounts for the Highest Consumption of Dermatology Laser Equipment?

Driven by the increasing inclination of millennials towards seeking treatment from skincare professionals, the dermatology & cosmetic clinics segment presently holds over 2/3rd of the market value and is projected to maintain its dominance in the forecasted period.

At present, dermatology & cosmetic clinics are estimated to account for 69.6% of the global market share. The preference for private clinics over hospitals has risen over time due to the absence of additional costs, such as management fees, associated with private clinics.

Hospitals are projected to hold 19.2% of the global market share, while ambulatory surgical centers will account for an 11.2% market share in 2022.

Competitive Landscape

Market players adopt primary growth strategies to enhance their presence in the competitive landscape. These strategies include developing new products and obtaining necessary approvals for widespread distribution. Additionally, forming partnerships and collaborations is a common approach to expand their reach and increase revenue.

• Sciton Inc. achieved a significant breakthrough in this aspect through a strategic alliance with Michelson Diagnostics Ltd. (MDL), a company based in the United Kingdom. This alliance aims to deliver enhanced and personalized skin diagnosis and therapy.
• Cutera, Inc. also made advancements by introducing two new products for treating tissue and skin diseases: the New JulietTM laser and Secret RF micro-needling devices. These innovations are expected to contribute to their growth and competitiveness in the market.

Key Companies Profiled

• Cutera, Inc.
• Cynosure, Inc.
• Alma Laser
• El.En.
• Candela Medical

Dermatology Lasers Market Segmentation

By Product:

• Solid-state Lasers
  • Diode Lasers
  • Nd:YAG Lasers
  • Er:YAG Lasers
• Gas Lasers
  • CO2 Lasers
  • Excimers Lasers
• Pulsed Dye Lasers

By Technology:

• Ablative Lasers
• Non-ablative Lasers

By Application:

• Hair Removal
• Facial Rejuvenation
• Tattoo Removal
• Scar Treatment
• Skin Cancer
• Psoriasis
• Vitiligo
• Varicose Veins
• Actinic Keratosis
• Wound Treatment
• Others

By End User:

• Hospitals
• Ambulatory Surgical Centres
• Dermatology & Cosmetic Clinics

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East & Africa