The dermatology medical lasers market consists of sales of dermatology medical lasers and related services by companies that manufacture them. Dermatology medical lasers are used in the treatment of medical conditions related to the skin and for cosmetic procedures such as scar removal, skin rejuvenation, skin lightening, hair removal and tattoo removal.
The global dermatology medical lasers market is expected to decline from $2.62 billion in 2019 to $2.55 billion in 2020 at a compound annual growth rate (CAGR) of -2.67%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $4.2 billion in 2023 at a CAGR of 18.18%.