Future Market Insights (FMI), a renowned provider of market intelligence and consulting services, has unveiled its latest industry analysis, highlighting a substantial growth trajectory in the global dermatology excimer lasers market. According to the report, the market is projected to experience a remarkable Compound Annual Growth Rate (CAGR) of 11.4%, driving its value from USD 87.7 million in 2023 to an impressive USD 258.4 million by 2033.
The dermatological excimer lasers market has shown consistent growth, reaching a valuation of USD 79.4 million by the end of 2022. The report forecasts a robust year-over-year expansion of 10.4% in 2023, indicating a strong and sustained upward trend.
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A notable factor driving this growth is the increasing preference for ablative lasers in dermatological treatments. Unlike conventional excimer lasers, which may necessitate prolonged recovery periods and pose risks of thermal damage, ablative lasers offer a compelling combination of efficiency and safety. By efficiently eliminating the outer layers of aged and sun-damaged skin with their potent laser light, ablative lasers have emerged as the preferred choice among healthcare professionals and patients alike.
The forecasted expansion presents lucrative opportunities for market players to capitalize on the growing demand for advanced dermatological solutions. By investing in research and development initiatives and forging strategic collaborations, stakeholders can position themselves to harness the full potential of this burgeoning market.
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.
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.
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Key Players:
- 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)
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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