Global Dermatology Medical Lasers Market Forecast To 2023

8 Sep, 2020

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%. Dermatology lasers are used in cosmetic procedures such as removal of fine lines, wrinkles, skin tightening, pigmented lesions, precancerous lesions, vascular lesions, tattoos, hair removal, acne scars, and others. Hence, the growing demand for cosmetic procedures among users aids the growth of the dermatology medical lasers market. However, the growing popularity of alternative methods of skin treatment such as the use of drugs, chemical treatment, microneedle and Botox surgery is expected to hinder the growth of the market.

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.

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The global dermatology medical lasers market is further segmented based on type and geography.
By Device: Surgical Lasers, Vascular Lasers
By End-users: Hospitals, Skin Care Clinics, Cosmetic Surgical Centers
By Application: Cancer, Hair Removal, Tattoo Removal, Resurfacing, Others.
By Geography: The global dermatology medical lasers market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American dermatology medical lasers market accounts for the largest share in the global dermatology medical lasers market.

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Trends In The Dermatology Medical Lasers Market
Companies are increasingly investing in picosecond lasers for skin treatments other than tattoo removal as they have found their use in the treatment of acne, skin lightening and skin tightening.
Dermatology Medical Lasers Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides dermatology medical lasers market overviews, analyzes and forecasts dermatology medical lasers market size and growth for the global dermatology medical lasers market, dermatology medical lasers market share, dermatology medical lasers market players, dermatology medical lasers market size, dermatology medical lasers market segments and geographies, dermatology medical lasers market trends, dermatology medical lasers market drivers and dermatology medical lasers market restraints, dermatology medical lasers market’s leading competitors’ revenues, profiles and market shares. The dermatology medical lasers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.