Dermatology Lasers Market by Product Type (Solid-State Lasers, Gas Lasers, Pulsed Dye Lasers), Technology (Ablative Lasers, Non-Ablative Lasers), Indication, End User & Region - Forecast to 2020-2030

Introduction

Laser technologies have penetrated into several applications over the years and skin treatment is no exception. Introduced for skin resurfacing in 1964, laser has become a prominent aid in dermatology procedures in the last 20 years, backed by remarkable technological advancements.

Lasers are used in the treatment of numerous skin-related procedures such as removal of scars, minimizing skin irregularities, hair removal, wound treatments, treating psoriasis, and reduction of facial wrinkles, among other skincare related problems. Owing to their efficiency and targeted approach, lasers have emerged as potent medical equipment in the dermatology devices market.

Development of a wide range of advanced laser technologies such as pulsed dye laser, Nd:YAG laser, alexandrite laser, CO2 fractional laser, pulsed dye lasers, intense pulsed light (IPL), fractional radiofrequency devices, and other excimer lasers to treat different skin diseases is expected to give a boost to dermatology excimer lasers market growth.

Increasing concerns among consumers pertaining to their appearance coupled with rising standards of living are asserting them to seek treatments to minimize lines, wrinkles, tighten sagging skin, and diminish brown spots.

Likewise, the rising prevalence of skin diseases and increasing awareness regarding the availability of advanced laser-based treatments will continue to drive the growth of the market through the forecast period.

Effectiveness of Laser Treatments

Laser treatments are recommended by dermatologists to treat disorders that cannot be fully cured or take longer time when treated using conventional treatment approaches such as orally-administered tablets and creams/gels. Owing to their monochromatic nature, lasers are highly focused and treat the affected spot of the skin without damaging the area surrounding it.

For instance, lasers are used in the photothermolysis process that uses the laser’s characteristic of modulating light frequency and producing heat to destroy the damaged skin tissue that is the root of the skin disease. Lasers are used to target the brown pigment in skin known as melasma to eliminate dark spots.

Similarly, dermatology lasers have proven highly effective in treating skin tone variations, broken capillaries, acne scars, rosacea, and actinic keratosis, to name a few skin issues.

Besides, dermatology lasers are quicker in generating results and consume relatively less time for healing post the treatment process. These factors will continue to bestow remunerative opportunities to market players.

Leveraging the growing preference for laser treatments, players are introducing new technologies and are seeking approval from the FDA. On this premise, FormaTK received FDA approval in 2017 for several of its novel laster technologies.

Rising Prevalence of Skin Diseases

Skin diseases have remained a cause of concern among people, affecting their visual appearance and quality of life. Diseases such as psoriasis have a severe impact on the quality of life, with over 60% of patients reporting that the disease affects their day-to-day life.

Moreover, according to the National Psoriasis Foundation, over 125 Mn people across the world, representing 2-3% of the global population is currently suffering from psoriasis. To raise awareness regarding the disease, the International Federation of Psoriasis Associations have declared October 29 as the World Psoriasis Day.

As an increasing number of people opt for effective treatments, the demand for dermatology lasers will prevail high through the forecast period. Besides, rising levels of disposable incomes in emerging economies are enabling consumers to seek advanced laser treatment processes.

A recent survey has revealed that 2.8 Mn people in the US opted for advanced hair removal treatments - including laser - in 2017. The number is four times more than people who preferred waxing. In another survey conducted by the Hair Removal Journal, 87% of people who underwent laser hair removal reported that they would undergo the procedure again, indicating a positive patient response.

Similarly, the mounting incidence of skin cancer will continue to drive the demand for laser treatments. According to The Skin Care Foundation, over 196,060 cases of melanoma, a type of skin cancer, will be diagnosed in the U.S. in 2020, registering a 2% increase over the previous year. They subsequently necessitate dermatology laser treatments, offering lucrative opportunities to players operating in the market.

Although getting tattooed is a trend or fad, many people also go for tattoo removal due to personal or medical reasons. As a result, the tattoo removal lasers market has grown at a substantial pace, and is likely to continue in the future as well.

Possibility of Side Effects

Despite being known for its efficiency, laser treatment in dermatology can cause side effects in some cases, thus posing a significant challenge to smoot market growth. Although the degree of severity varies from person to person, when not performed by experienced professionals, laser treatments can lead to short-term and long-term impact.

In the facial rejuvenation process, there is a likelihood of leaving the skin itchy, swollen, and red. While the other two symptoms may shortly fade away, the redness may last for a few months and underlying skin diseases pose a bigger risk.

Skin resurfacing using ablative lasers can cause hyperpigmentation, making the skin darker than it was before treatment. Also, while resurfacing near the lower eyelid using ablative lasers, there is a risk of exposing the eyelid to the laser, causing temporary vision-related issues.

On the other hand, lack of proper reimbursement policies in certain nations and the high cost of the treatment are likely to further impede the growth of the market.

Region-wise Analysis

North America Dermatology Lasers Market

North America, forefronted by the US, is expected to prevail as the largest market for dermatology lasers, capturing more than half of the global value. The region’s lucrativeness is attributable to awareness among people regarding skin diseases and high spending power to seek medical treatments.

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According to the data of the American Academy of Dermatology from 2013, nearly 84.5 Mn people, representing 1 in 4, were suffering from skin diseases, with rosacea,urticaria,vitiligo, and psoriasis being some of the most common ones.

Similarly, as per the estimates of the National Psoriasis Foundation, over 8 Mn people in the US are currently living with psoriasis, thereby creating a huge revenue opportunity for the dermatology laser market in the region.

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Europe Dermatology Lasers Market

Although relatively low in value, Europe is poised to remain the second most lucrative region through the assessment period. The demand for dermatology lasers in the region is driven by the social and economic burden of skin diseases and the consequential support of the government to curb the incidence.

In the UK, the National Health Service (NHS) offers favorable reimbursements for patients seeking treatments for advanced stages of varicose veins. Furthermore, more than 40% of women over the age of 50 in the region suffer from a form of chronic venous disease, necessitating treatments.

Moreover, according to data from 2018, an estimated 7.8 million adults in Europe are currently affected by psoriasis, which, in turn, creates demand for dermatology laser. Similarly, the growing demand for minimally invasive surgeries will also remain a crucial growth attribute in the region.

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East Asia Dermatology Lasers Market

East Asia, led by China, will remain a prominent region through the assessment period and is poised to register healthy growth in terms of market share. The growth of the market is linked to rising standards of living and the development of healthcare infrastructure in the region, which are opening avenues for hair removal and facial rejuvenation processes.

Similarly, over 30% of cancers diagnosed in Japan are squamous cell carcinoma (SCC), the second most common form of skin cancer. However, SCC is slow-growing cancer with a high recovery rate when diagnosed and treated in time, and this is expected to create demand for dermatology laser due to its effectiveness.

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Category-wise Insights

Solid-state Lasers Remain Sought-after

Solid-state lasers are expected to remain the most sought products, accounting for more than half of overall value. High preference for solid-state lasers is ascribed to their ability to produce near-infrared wavelengths that penetrate deep into the skin and are easily absorbed by hemoglobin and melanin chromophores.

Furthermore, solid-state lasers easily establish contact with deep skin tissues, such as large blood vessels and vascular lesions, making them ideal for complex procedures.

Non-ablative Laser Maintain Dominance

Based on the technology, non-ablative lasers are poised to capture more than 2/3rd of global value, backed by superior efficiency over its counter, ablative lasers. Furthermore, the possibility of risk or complications is minimal while using non-ablative lasers and they also enable faster healing post the procedure.

Hair Removal and Facial Rejuvenation Drive Demand

On the basis of indication, usage of dermatology lasers in hair removal and facial rejuvenation processes is anticipated to drive a significant portion of revenue. This can be attributed to increased spending on procedures to correct facial features and improving physical appeal.

Dermatology & Cosmetic Clinics Channel Majority of Demand

The dermatology & cosmetic clinics segment currently accounts for more than 2/3rd of market value and will maintain hegemony through the forecast period, on the back of increased preference among millennials to seek treatment from skin care experts.

Competitive Landscape

Developing new products and procuring approvals from the concerned authorities for wide-scale distribution have been identified as the key growth strategies adopted by market players to strengthen their foothold in the competitive landscape.

On these lines, in 2018, Cutera, Inc. launched two new products named New Juliet™ laser and Secret RF® micro-needling devices, to treat tissue and skin conditions.

Moreover, players are entering partnerships and collaborations to expand their presence and gain remunerative opportunities. A key development on this premise includes Sciton Inc's strategic partnership with Michelson Diagnostics Ltd. (MDL), a United Kingdom-based company, to offer advanced personalized skin diagnosis and treatment.

Dermatology Lasers Market Report: Scope

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Dermatology Lasers Market :Segmentation

Product Type:

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

Technology:

• Ablative Lasers
• Non-Ablative Lasers

Indication:

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

End User

• Hospital
• Ambulatory Surgical Centers
• Dermatology & Cosmetic Clinics

Region:

• North America
• Latin America
• Europe
• South Asia
• Oceania
• East Asia
• Middle East and Africa