Global Dermatology Laser Market Report and Forecast 2024-2032

Global Dermatology Laser Market Outlook:

The global dermatology laser market size was valued at USD 2 billion in 2023, driven by the increasing prevalence of skin disorders across the globe. The market size is anticipated to grow at a CAGR of 7.2% during the forecast period of 2024-2032 to achieve a value of USD 3.7 billion by 2032.

Dermatology Laser: Introduction

Laser treatments in dermatology have been a cutting-edge innovation and are used for multiple purposes ranging from cosmetic to medical uses. These treatments include skin brightening, anti-aging, and hair removal treatments under the cosmetic use of dermatology lasers. Under medical treatments, it is used to treat a variety of vascular lesions including superficial vascular malformations (port-wine stains), facial telangiectasias, Pigmented lesions and tattoos, Keloids, and hypertrophic scars, among others. Dermatology lasers are also used to remove viral warts by vaporization (CO2 laser) or destruction of the dermal blood vessels (PDL).

Global Dermatology Laser Market Analysis

The market growth is driven by increased investment activities. The private equity firms and manufacturers are both investing heavily in the dermatology laser market as they are aware of the increasing demand for laser treatments in dermatology. The market is witnessing a significant demand for laser treatments as they offer long-term benefits to people interested in multiple treatments such as hair removal, skin pigmentation, or skin disorders such as wart removal, and lesion removal, among others. The market is also witnessing a trend of increasing plastic surgery practices, dermatology clinics, and medspas. This increase is significant as people are demanding such facilities due to the presence of disposable income and a rising desire to look pleasant. This increasing demand for dermatology laser treatments and facilities is a major trend influencing the global dermatology laser market growth. The rapidly advancing technology is also responsible for the market growth.

The key players are increasingly focusing on developing laser equipment efficient enough to deliver promising results so that the customer seeks the treatment repeatedly. They are also targeting to enhance the overall customer experience by innovating and introducing devices laser devices that are less painful and more effective and cost-effective, further contributing to the market growth.

The increasing mergers in the market are also contributing to the market growth. For example, Platinum Dermatology Partners and West Dermatology merged recently and now they are rebranding their merger company under the name Platinum Dermatology Partners. The increasing investments by companies interested in this market or who are already a part of this market are also responsible for the rapid growth of the market. For example, the 22nd edition of the Dubai World Dermatology and Laser Conference and Exhibition – Dubai Derma 2023 generated a record-breaking amount of over AED 2.2 billion through direct and indirect business deals.

Global Dermatology Laser Market Segmentations

Market Breakup by Device Type

• Surgical Lasers

• Vascular Lasers

Market Breakup by Product Type

• Pulse Dye Lasers

• Solid-State Lasers

• Gas Lasers

Market Breakup by Applications

• Hair RemovalFacial Rejuvenation

• Tattoo Removal

• Scar Treatment

• Skin Cancer

• Psoriasis

• Vitiligo

• Varicose Veins

• Actinic Keratosis

• Wound Treatment

• Others

Market Breakup by End User

• Hospital

• Ambulatory Surgical Centres

• Dermatology and Cosmetic Clinics

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Dermatology Laser Market Overview

The increasing prevalence of skin disorders and conditions, and even some skin cancers such as psoriasis is a major factor driving the market growth. The rapidly advancing laser technology and its integration into dermatology lasers is equally driving the market growth as well. There has been significantly increased awareness among people about laser treatments, dermatology laser treatments to be specific which is increasing the demand for such treatments. The increased demand is resulting in an increasing number of dermatology laser treatment facilities worldwide, further propelling the global dermatology laser market growth. Laser treatments are non-invasive procedures that are reliable and effective as well. The increased awareness and preference towards non-invasive devices and procedures and their benefits is increasing the market demand.

Additionally, increasing disposable income people and increasing healthcare expenditure are also continuously driving the market growth. The efficacy and improved safety of dermatology laser techniques and devices resulting in the high success rate of the procedure are also expected to boost the market demand. The market is poised for growth as prominent companies engage in mergers, product launches, and partnerships for the purposes of research and distribution to improve the quality and efficacy of laser equipment used in dermatology procedures.

Global Dermatology Laser Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Cutera

• Cynosure

• IPG Photonics Corporation

• biolitec AG

• Alma Lasers

• Abbott

• Boston Scientific Corporation

• Quanta System

• Koninklijke Philips N.V.

• pectranetics

Key Highlights of the Report