The dermatology lasers market is expected to increase at a 7.0% CAGR from 2023 to 2033, from USD 1,767.8 billion in 2023 to USD 3,487.8 billion in 2033.
Skin Disease Awareness
Dermatology lasers have become an essential part of the dermatologist's toolkit for treating skin disorders. Factors such as a rise in skin cancer occurrences, research in cosmetology, and the growing awareness of sophisticated cosmetic dermatological procedures such as dermabrasion to erase surgical scars and acne scars are driving the market growth.
According to the World Health Organization (WHO), one in every three malignancies diagnosed is skin cancer, and around 3 million non-melanoma skin cancers and almost 130,000 melanoma skin cancers develop globally each year.
Dermatology lasers have a wide range of applications, including hair removal, tattoo removal, and skin resurfacing. Lasers are effective in treating both primary skin disorders and cutaneous cancers, in addition to their various aesthetic applications. The increasing variety of dermatology laser applications has prompted manufacturers to create novel laser equipment for the treatment of autoimmune illnesses such as psoriasis, vitiligo, and alopecia areata.
The low-intensity laser equipment can also be utilized for wound healing. Lasers can be steered to target cells while avoiding nearby cells. A variety of lasers, including Q-switch Nd: YAG, carbon dioxide, argon, ruby, dye, and metal vapor lasers, can be utilized in dermatology, depending on the application.
| Report Attribute | Details |
|---|---|
| Dermatology Lasers Market Value (2023) | USD 1,767.8 billion |
| Dermatology Lasers Market Anticipated Value (2033) | USD 3,487.8 billion |
| Dermatology Lasers Market Growth Rate (2023 to 2033) | 7.0% CAGR |
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The dermatology lasers market is expected to be worth USD 1,646.8 billion by 2022, growing at a 6.8% CAGR from 2017 to 2022. The global market absolute dollar growth is USD 131.8 billion.
The increasing desire of people to look better is a key element driving the growth of the worldwide dermatological lasers market. Furthermore, an unhealthy lifestyle, rising environmental pollution, an increase in UV-ray incidents, a growing prevalence of hair-related disorders, an increasing prevalence of skin diseases, and effective and successful laser outcomes with minimal side effects are a few more factors that fuel the market growth further.
The increased acceptance of technologically sophisticated operations and the rise in demand for minimally invasive procedures are expected to drive the global dermatology lasers market growth during the forecast period.
The high cost of treatment, as well as worries about the safety and versatility of dermatology lasers, are expected to stymie the growth of the worldwide skin lasers market over the forecast period.
| Historical CAGR (2017 to 2022) | 6.8% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.0% |
Short Term (2023 to 2026): The market's short-term growth prospects are promising. One of the primary elements driving growth in the upcoming years is an increase in demand for minimally invasive cosmetic procedures.
Medium Term (2026 to 2029): During this period, the market may climb tremendously. Another market development determinant in the upcoming years is rapid advancements in laser technology combined with growing awareness of aesthetic procedures.
Long Term (2029 to 2033): According to FMI's forecast, the market is entering a bullish growth phase within this time range. The development of novel technologies for hair removal and facial rejuvenation operations, as well as the rising prevalence of skin illnesses such as psoriasis and vitiligo, provide income opportunities in the coming years.
As per the FMI analysts, a valuation of USD 3,487.8 billion by 2033 end is estimated for the market.
| Year | Valuation |
|---|---|
| 2016 | USD 1,100.90 billion |
| 2021 | USD 1,544.06 billion |
| 2022 | USD 1,646.8 billion |
| 2023 | USD 1,767.8 billion |
| 2033 | USD 3,487.8 billion |
Effectiveness of Laser Treatments Fueling Demand for Dermatology Laser Devices
Dermatologists recommend laser treatments to address problems that are not cured or take a long time to heal when tested with traditional methods like orally delivered medications and creams/gels. Lasers are targeted and cure the problem of the skin without hurting the surrounding area due to their monochromatic nature.
Lasers, for example, are utilized in the photo thermolysis procedure, which employs the laser's ability to modulate light frequency and produce heat to destroy the damaged skin tissue at the root of the skin illness. To remove dark spots, lasers are utilized to target the brown pigment in the skin known as melasma.
Dermatology lasers, on the other hand, have proven to be highly efficient in treating skin tone variations, broken capillaries, acne scars rosacea, and actinic keratosis, to mention a few skin disorders. Furthermore, dermatology laser systems produce fast outcomes and take less time to recuperate after treatment. These characteristics continue to provide market players with lucrative opportunities.
Rising Prevalence of Skin Diseases Pushing Sales of Dermatology Laser Equipment
People’s perceptions about skin illnesses have remained a source of concern, hurting their physical appearance and ‘quality of life. Psoriasis, for example, has a significant influence on the quality of life, with more than 60% of patients indicating that the condition impacts their daily lives. Furthermore, according to the National Psoriasis Foundation, psoriasis affects around 125 million people worldwide, accounting for 2-3 percent of the global population. The International Federation of Psoriasis Associations has designated October 29 as World Psoriasis Day to promote awareness about the illness.
The need for laser treatments continues to rise as the incidence of skin cancer increases. As a result, dermatology laser treatments are required, providing attractive potential for market participants. Even though getting tattooed is a craze, many people opt for tattoo removal for personal or medical reasons. As a result, demand for tattoo removal lasers has increased significantly and is expected to continue in the future.
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High Cost of Therapy & Fear of Side Effects Hindering Sales of Dermatology Laser Systems
Despite its effectiveness, laser treatment in dermatology might have negative effects in some circumstances, offering a substantial impediment to the market's growth. Although the intensity of laser treatments varies from person to person, when conducted by inexperienced experts, they can have both short- and long-term consequences.
The skin may become irritated, puffy, and red as a result of the facial rejuvenation procedure. While the other two symptoms may go away quickly, the redness can remain for months, and underlying skin problems are more dangerous.
Ablative laser skin resurfacing can induce hyperpigmentation, making the skin dark than it was before the procedure. Furthermore, when utilizing ablative lasers to resurface near the lower eyelid, there is a risk of exposing the eyelid to the laser, resulting in temporary vision problems. On the other hand, the lack of appropriate reimbursement rules in some countries, as well as the high cost of therapy, are likely to stymie market expansion.
North America Handsomely Leads the Market Due to Increase in Awareness of Skin Disorders & High Standard of Wing
This dermatology laser product market study covers North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA).
North America is predicted to dominate the dermatology laser products market, accounting for more than 50% of the worldwide value. The region's wealth is due to people's awareness of skin disorders and their willingness to spend money on medical care.
Europe is expected to remain the second leading region during the assessment period. The social and economic impact of skin diseases, as well as the respective governments’ support to reduce the incidence, fuel demand for dermatology lasers in the region.
As the cases of psoriasis rises, so does the demand for dermatology laser products. Similarly, in Europe, the increased desire for less invasive surgeries continues to be a key growth factor.
East Asia remains a key region during the projected period, with substantial market share growth expected. The market's expansion is tied to improving living standards and the development of healthcare infrastructure in the region, both of which are paving the way for hair removal and facial rejuvenation procedures.
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| Country | The United States |
|---|---|
| CAGR (2017 to 2022) | 6.8% |
| Valuation (2023 to 2033) | USD 1,988.7 billion |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 7.2% |
| Valuation (2023 to 2033) | USD 209.9 billion |
| Country | Canada |
|---|---|
| CAGR (2017 to 2022) | 4.0% |
| Valuation (2023 to 2033) | USD 91.9 billion |
| Country | Germany |
|---|---|
| CAGR (2017 to 2022) | 6.7% |
| Valuation (2023 to 2033) | USD 90.4 billion |
| Country | The United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 5.3% |
| Valuation (2023 to 2033) | USD 66.9 billion |
Increasing Cases of Skin Cancer & Increasing Cosmetic Treatments Fueling Demand for Dermatology Laser Devices
The rising popularity of laser treatments, growing aesthetic awareness among the general population, increasing spending power, the growing popularity of skincare treatments, and a few other factors are expected to drive demand for dermatology lasers in the country at a healthy CAGR over the forecast period.
Squamous cell carcinoma (SCC), ranks second in skin cancer and accounts for around 30% of cancer diagnoses in Japan. SCC, on the other hand, is slow-growing cancer with a good recovery rate when discovered and treated early, and its effectiveness is predicted to drive demand for dermatology lasers.
Increasing Aesthetic Craze Driving Consumption of Dermatology Laser Machines
Over the last decade, the aesthetics sector in the United States has grown dramatically, due to the increasing popularity of social media in the country. Celebrities and social influencers’ increasing demand for the perfect body and perfect life has influenced aesthetic trends and shaped the laser treatment market in the United States.
Prominent factors predicted to guide the dermatology laser industry 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 dermatology laser machine providers. The widespread occurrence of skin cancer is also likely to influence laser treatment adoption, resulting in increased sales of dermatology lasers.
Solid-state Lasers Highly Preferred Product Type for Dermatology Laser Treatment
Solid-state lasers continue to be the most popular, accounting for more than half of the total market value. The capacity of solid-state lasers to produce near-infrared wavelengths that penetrate deep into the skin and are easily absorbed by hemoglobin and melanin chromophores explains their popularity.
Solid-state lasers may also easily contact deep skin tissues such as big blood arteries and vascular lesions, making them excellent for complicated treatments. This increases the demand for solid-state lasers
Consumption of Dermatology Laser Machines High in Dermatology & Cosmetic Clinics
On the strength of the rising desire among millennials to seek treatment from skin care professionals, the dermatology & cosmetic clinics segment presently accounts for more than 2/3rd of market value and maintains hegemony during the projected period.
At present, dermatology & cosmetic clinics are expected to account for 69.6% of the global market share. Because some additional costs, such as management fees, are not connected with private clinics, thus patients preferring private clinics over hospitals have risen over time.
Hospitals are predicted to account for 19.2% of the global market share, while ambulatory surgical centers account for 11.2% market share in 2022.
Primary growth tactics followed by market players to strengthen their presence in the competitive landscape are developing new products and obtaining approvals from the necessary authorities for wide-scale distribution. Furthermore, market players are forming partnerships and collaborations to broaden their reach and earn more money.
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 1,767.8 billion |
| Market Size Value at End of Forecast (2033) | USD 3,487.8 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa |
| Key Segments | By Product, By Technology, By Application, By End User, By Region |
| Key Companies Profiled | Cutera, Inc.; Cynosure, Inc.; Alma Laser; El.En.; Candela Medical |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The projected revenue of the market by 2033 is USD 3,487.8 billion.
The market CAGR is projected to be 7.0% through 2033.
The key market players are Cutera, Cynosure, and Alma Laser.
The market is estimated to secure a valuation of USD 1,767.8 billion in 2023.
North America is growing due to the increasing demand for minimally invasive cosmetic procedures.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Solid-state Dermatology Lasers 5.2. Gas Dermatology Lasers 5.3. Pulsed Dye Dermatology Lasers 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Ablative Dermatology Lasers 6.2. Non-ablative Dermatology Lasers 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Indication 7.1. Hair Removal 7.2. Facial Rejuvenation 7.3. Tattoo Removal 7.4. Scar Treatment 7.5. Skin Cancer 7.6. Psoriasis 7.7. Vitiligo 7.8. Varicose Veins 7.9. Actinic Keratosis 7.10. Wound Treatment 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Hospitals 8.2. Ambulatory Surgical Centers 8.3. Dermatology & Cosmetic Clinics 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia 9.5. East Asia 9.6. Oceania 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Lumenis 19.2. Cynasure 19.3. Candela Corporation 19.4. Quanta System 19.5. Almal Lasers 19.6. Aerolase Corporation 19.7. CTL Group 19.8. Fotona 19.9. Sciton, Inc. 19.10. Emvera Technologies, LLC 19.11. ASCLEPION 20. Assumptions & Acronyms Used 21. Research Methodology
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Dermatology Lasers Market
