A Detailed Analysis of the Dermatology Excimer Lasers Market Based on a Growing Focus on the Medical Sector, Product Regulations, and Improvements in Technology
Industry: Healthcare
Published Date: January-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 176
Report ID: PMRREP33910
The global Dermatology Excimer Lasers market is forecasted to expand at a CAGR of 11.0% and thereby increase from US$ 90.0 million in 2023 to US$ 186.9 million by the end of 2030.
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Attributes |
Key Insights |
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Dermatology Excimer Lasers Market Size (2023E) |
US$ 90.0 Million |
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Projected Market Value (2030F) |
US$ 186.9 Million |
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Global Market Growth Rate (2023 to 2030) |
11.0% CAGR |
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Historical Market Growth Rate (2018 to 2022) |
10.0% CAGR |
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Revenue Share of Top Four Countries (2022E) |
45% |
The study of dermatology excimer lasers are medical apparatuses utilized in the field of dermatology to treat particular skin conditions through the application of excimer laser technology. By emitting concentrated, high-energy ultraviolet B (UVB) light, these lasers are capable of accurately illuminating the affected regions while sparing the adjacent healthy epidermis. Treatments for psoriasis, vitiligo, and additional dermatological conditions are frequent applications. Effective treatment with minimal injury to surrounding tissues is made possible by the excimer laser's precision, which renders it a valuable instrument in dermatology due to its capacity to enhance skin health and promote healing.
Increasing demand for non-invasive and effective dermatological treatments, the rising prevalence of skin disorders worldwide, and technological advancements in laser technologies all contribute to the expansion of the global excimer lasers for dermatology market. An increase in disposable income and heightened awareness regarding cosmetic procedures have contributed to the increased prevalence of dermatological laser treatments. In addition, an increase in skin-related concerns and an aging population are factors that contribute to the expansion of the market. The ongoing research and development endeavors that seek to improve the effectiveness and safety of excimer laser treatments, thereby stimulating innovation and market growth, also exert an impact on the market.
Increasing Prevalence of Skin Disorders
The increasing prevalence of skin disorders, specifically psoriasis, is a major factor driving the growth of the global excimer lasers for the dermatology market. Psoriasis is a persistent autoimmune disorder distinguished by the exponential proliferation of epidermal cells, which grants rise to regions of skin that are thick, crimson, and scaly. It has a global impact, impacting millions of individuals, and the increasing need for durable and efficacious treatment alternatives has propelled the implementation of excimer lasers in dermatology. By employing excimer laser technology, these lasers provide a focused and accurate method of treating psoriasis through the distribution of ultraviolet B (UVB) radiation specifically to the areas affected. Owing to their capacity to specifically target and manage psoriatic lesions while sparing adjacent healthy skin, excimer lasers have become a prominent therapeutic alternative for individuals afflicted with psoriasis.
Psoriasis is becoming more prevalent due to an interaction of genetic, environmental, and immune system influences. The influence of genetic predisposition is significant, as those who have a familial background of psoriasis have an elevated susceptibility to the condition. In genetically predisposed individuals, environmental factors including stress, infections, and specific medications have the potential to induce or worsen symptoms associated with psoriasis. The immune system is also significantly involved in psoriasis, as hyperactivity results in the condition's signature skin lesions and a rapid turnover of skin cells.
Exorbitant Expenses
A factor restraining the expansion of the global excimer lasers for the dermatology market is the exorbitant expense incurred for this cutting-edge medical apparatus. In addition to continuous maintenance and operational costs, the initial investment necessary to acquire excimer laser technology presents a substantial financial obstacle for healthcare providers and patients. Designed for efficacy and precision in dermatological procedures, excimer lasers are characterized by their sophisticated nature, which in turn drives up their manufacturing and development expenses. Moreover, the inclusion of sophisticated technologies, including integrated cooling systems and wavelength control, contributes significantly to the overall cost of these devices. The accessibility and adoption of excimer lasers in dermatology may be hindered by the financial burden they entail, especially in areas where healthcare expenditures are limited and socioeconomic conditions are lower.
Regulatory Scrutiny and Approval Procedures
One formidable factor influencing the worldwide market for excimer lasers in dermatology is the regulatory scrutiny and approval procedures that are customary for medical devices. The advancement of excimer lasers for dermatology necessitates compliance with intricate regulatory frameworks during their development and commercialization. This complexity can have a substantial influence on the devices' time-to-market and overall accessibility. Regulatory bodies, including the Food and Drug Administration (FDA) of the United States and their international equivalents, enforce rigorous criteria to guarantee the effectiveness and safety of medical apparatus, including excimer lasers. Regulatory processes for excimer lasers used in dermatology frequently require extensive documentation, rigorous preclinical and clinical studies, and adherence to quality standards.
Expanding Emphasis on Aesthetic Treatments
An opportunistic factor propelling the global excimer lasers for dermatology is the expanding emphasis on aesthetic treatments and the rising demand for cosmetic dermatology procedures. Due to their accurate and focused methodology, excimer lasers in the field of dermatology have been extensively utilized in a multitude of cosmetic procedures, encompassing pigment correction, scar mitigation, and skin rejuvenation. Social media, attractiveness standards, and an aging population desiring non-invasive alternatives all contribute to the increasing global awareness of aesthetic treatments. As a result, the dermatology excimer lasers market is presented with a substantial growth opportunity.
The growing demographic of individuals interested in cosmetic dermatology procedures is motivated by a pursuit of flawless and youthful skin, which has resulted in an increased need for sophisticated technologies such as excimer lasers. The ability of these lasers to precisely target particular skin concerns without harming adjacent tissues is among their many advantages. As a consequence, excimer lasers have become more widely utilized in procedures such as laser skin resurfacing, wherein they effectively diminish wrinkles, and fine lines, and enhance the overall texture of the skin. In addition, the adaptability of excimer lasers enables dermatologists to treat an extensive range of aesthetic issues, thereby advocating for their incorporation into holistic aesthetic treatment strategies.
What do our Analysts Predict for the Future of the Dermatology Excimer Lasers Market?
The global market for excimer lasers used in dermatology is anticipated to experience significant expansion due to a confluence of factors that create a favorable environment for manufacturers, healthcare providers, and consumers. An important factor driving the expansion of the market is the escalating incidence of dermatological disorders on a global scale, specifically persistent conditions such as psoriasis, vitiligo, and eczema. With the increasing prevalence of these skin conditions on a global scale, there is a burgeoning need for sophisticated and efficacious treatment alternatives. In this regard, the precision and non-invasive nature of excimer lasers in dermatology establish them as a valuable resolution. The correlation between manufacturers and consumers is of utmost importance in influencing market sales. Ongoing investments by manufacturers in research and development endeavors aim to augment the effectiveness and adaptability of excimer laser technologies. This innovation is of the utmost importance to satisfy the changing requirements of healthcare providers and discerning clients who are in search of cutting-edge dermatological treatments. The establishment of robust partnerships between manufacturers and dermatologists or skin care professionals is critical for the widespread implementation of excimer lasers across diverse clinical environments. Furthermore, the implementation of successful marketing tactics that emphasize the advantageous properties of excimer lasers in treating a wide range of skin disorders serves to enhance recognition and garner support from consumers. Accomplishing the treatment of pre-existing dermatological conditions, excimer lasers are gaining recognition for their prospective applications in cosmetic dermatology, including but not limited to scar reduction and skin rejuvenation. The increasing global interest in aesthetic procedures, which is being propelled by beauty standards and the desire of an aging population for non-surgical anti-aging solutions, is anticipated to benefit the market.
Supply-side Dynamics
Prominent contenders in the market for excimer lasers in dermatology include EL.En. S.p.A., Cynosure (a subsidiary of Hologic Inc.), Lumenis Ltd., Alma Lasers, and Cutera Inc. These leaders in the industry are expanding their market presence strategically, investing in research and development, and driving innovation. The United States is a prominent adopter of this market due to its well-developed healthcare system and significant incidence of skin disorders. European nations such as Germany, France, and the United Kingdom are notable adopters of dermatological treatments as a result of their elderly populations and rising awareness of these therapies. Market penetration is most pronounced in Japan and South Korea within the Asian region, propelled by the increasing need for aesthetic procedures and progressions in medical technology.
The market leaders in excimer lasers for dermatology are proactively influencing the terrain using technological progressions and strategic undertakings. These corporations are allocating resources towards the advancement of excimer laser systems of the subsequent iteration, with a specific emphasis on improving accuracy, effectiveness of treatments, and patient satisfaction. Expanding market presence is facilitated through the establishment of strategic collaborations and partnerships with dermatology clinics, healthcare providers, and research institutions. Furthermore, the growing focus on acquiring regulatory approvals for novel indications and applications is creating opportunities for enhanced market entry. In addition to strengthening their product portfolios through mergers and acquisitions, dominant firms offer comprehensive solutions for a vast array of dermatological conditions. The evolution and expansion of the global market for excimer lasers in dermatology are being propelled by the combined endeavors of these industry frontrunners.
What Product Will Be Targeted the Most for Installations?
Excimer Lasers for Tabletops to be at the Dominant Position owing to Sustainability
The segment of excimer lasers for tabletop use is anticipated to hold the greatest market share in the dermatology excimer lasers market. The primary reason for the suitability of table-top models in clinical settings and dermatology offices, where a fixed setup is preferable, is their stable and efficient design. The precision and dependability with which these devices treat a variety of skin conditions have contributed to their extensive use by healthcare professionals. In contrast, the segment about handheld excimer lasers is anticipated to expand the most rapidly. The growing preference for compact and adaptable solutions in the field of dermatological treatments is propelling the adoption rate of transportable excimer lasers. These medical devices are gaining popularity due to their adaptability in treating patients with varying degrees of mobility, home-based care, and outpatient contexts. They also offer the advantage of targeting specific areas of the body. The adaptability and user-friendliness of handheld excimer lasers contribute to their meteoric rise as an emergent trend in the market for excimer lasers used in dermatology.
Which Application to Be Focused on the Most Regarding Sales?
Psoriasis Treatment Solutions to be at the Forefront owing to its Widespread Chronic Condition
The psoriasis treatment segment is projected to hold the highest market share in the excimer lasers for the dermatology market. Psoriasis is a widely prevalent chronic skin condition, and excimer lasers are especially effective at treating psoriatic lesions due to their targeted and precise characteristics. Psoriasis's market dominance is a result of the increasing global prevalence of the condition and the rising demand for innovative, non-invasive treatments. In contrast, the treatment segment for alopecia areata is anticipated to expand the most rapidly. Excimer lasers are gaining recognition for their potential to promote hair regrowth and assist in the treatment of conditions such as alopecia areata. With the increasing need for novel remedies for hair-related conditions and the demonstrated effectiveness of excimer lasers in this field, the Alopecia Areata sector is positioned for substantial expansion within the excimer lasers for the dermatology market. Excimer lasers are a dynamic solution for emerging trends in dermatological treatments due to their adaptability in treating a wide range of dermatological conditions.
Why is North America Emerging as a Dominating Region?
Extensive Utilization of Technology and a Strong Environment for Research and Development to Promote Growth
It is anticipated that North America will hold the largest market share of the worldwide excimer lasers for dermatology. To begin with, the area is distinguished by its sophisticated healthcare infrastructure, extensive utilization of technology, and a strong environment for research and development. The aforementioned elements promote the prompt integration of cutting-edge medical technologies, such as excimer lasers for dermatology, by healthcare providers in the area. In North America, there is a notable prevalence of skin disorders, including vitiligo and psoriasis, which contributes to a heightened need for innovative and efficacious treatment alternatives. Furthermore, the increasing recognition and prioritization of aesthetic and cosmetic dermatology procedures are factors that contribute to the extensive implementation of excimer lasers in the area. The United States holds a significant position in the international dermatology market due to the considerable quantity of cosmetic centers and dermatology clinics that employ cutting-edge laser technologies. The notable market presence of major players and the region's advantageous reimbursement policies both contribute to North America's substantial market share in the segment of dermatology excimer lasers.
What Opportunities Lie in South Asia for Manufacturers?
Sizable Population and Rising Healthcare Expenditures to Generate Revenue
East Asia is anticipated to witness the most rapid expansion of the market for excimer lasers used in dermatology. Numerous factors contribute to the expansion of the region, including a sizable population, rising healthcare expenditures, and an increased awareness of advanced dermatological treatments. Changing beauty standards and lifestyles are driving an increase in demand for cosmetic procedures, including laser-based treatments, in nations such as China, Japan, and South Korea. In addition, the concurrent rise in skin disorders and the aging of the East Asian population constitute a significant market for excimer lasers used in dermatology. Government initiatives that provide support for the development of healthcare infrastructure and medical technology advancements significantly contribute to the swift uptake of these devices in the region. Additionally, the thriving medical tourism sector in nations such as South Korea contributes to the increased demand for state-of-the-art dermatological treatments. In light of demographic shifts, economic progress, and a proactive stance towards healthcare innovation, East Asia has emerged as the region where the market for excimer lasers used in dermatology is expanding at the most rapid rate.
Prominent entities operating within the dermatology excimer lasers market are implementing various strategic initiatives to maintain and enhance their market dominance. A relentless commitment to research and development (R&D) to introduce and innovate with cutting-edge technologies is a crucial element. These corporations allocate substantial resources toward improving the accuracy, effectiveness, and adaptability of their excimer laser systems. Persisting in research and development allows them to maintain a competitive edge by providing cutting-edge solutions that address the ever-changing demands of the healthcare industry.
Additionally, the industry leaders proactively participate in marketing and awareness initiatives with the aim of enlightening consumers and healthcare practitioners regarding the advantageous aspects of excimer laser therapies. This requires engagement in medical conferences, coordination of seminars, and utilization of digital platforms for the distribution of information. Through the establishment of their expertise and authority status within the dermatological community, these businesses cultivate confidence and reliability, thereby exerting an impact on how the market perceives and embraces their merchandise. In addition, dominant market actors utilize acquisitions and strategic expansions as critical components of their market strategies. Using strategic acquisitions or the expansion of their product lines, these corporations are capable of providing all-encompassing remedies for a wide array of dermatological ailments. Implementing these strategic maneuvers not only expands their market penetration but also establishes them as the go-to specialists for healthcare practitioners in search of cutting-edge dermatological remedies.
New Product
Wuhan Miracle Laser Systems, Inc. and Strata Skin Sciences entered into an expanded direct distribution agreement in March 2021. It is anticipated that this agreement will enhance the firm's laser excimer operations in China.
Market Impact: It is anticipated that the expanded direct distribution agreement signed by Strata Skin Sciences and Wuhan Miracle Laser Systems, Inc. in March 2021 will positively affect the global market for excimer lasers used in dermatology. By bolstering their distribution networks and amplifying the availability of cutting-edge laser excimer technologies, this advancement is anticipated to augment the market share of both organizations, specifically in China. The partnership represents a calculated maneuver to capitalize on the increasing need for dermatological interventions in the Chinese market, thereby making a positive contribution to the expansion and progress of the worldwide excimer laser market for dermatology.
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Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is anticipated to grow at a CAGR of 11.0% during the projected period.
The Dermatology Excimer Lasers market was valued at USD 90.0 million in 2023.
The United States held the largest market share in 2023.
The prominent players in the market are Alma Laser, Hamar Laser, and STRATA Skin Sciences, among others.
The eczema/ atopic dermatitis segment is expected to grow at the fastest growth during the forecast period.
