Dermatology Medical Lasers Market to $8.07 Billion by 2028, Fueled by Surging Demand for Cosmetic Procedures

The dermatology medical lasers market size has grown rapidly in recent years. It will grow from $3.58 billion in 2023 to $4.24 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth in the historic period can be attributed to groeing tattoo removals, growing emphasis on aesthetic and anti-aging treatments, rising prevalence of skin diseases, increasing awareness of dermatology medical lasers, growing focus on preventive skincare.

The dermatology medical lasers market size is expected to see rapid growth in the next few years. It will grow to $8.07 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to non-invasive fat reduction, combination therapies, aging population, expansion of skin care services, increasing uv radiation and pollution. Major trends in the forecast period include ai-enhanced treatment planning, fractional laser resurfacing, eco-friendly and sustainable lasers, personalized treatment plans.

Market Overview -
Dermatology medical lasers are used in the treatment of medical conditions related to the skin and for the removal of tattoos, wrinkles, and scars.

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Surging Demand For Cosmetic Procedures Fuels Growth In Dermatology Medical Lasers Market
The growing demand for cosmetic procedures is expected to drive the dermatology medical lasers market. There has been an increase in the number of people opting for cosmetic procedures to enhance the appearance levels and treatment of defects on the skin. For instance, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery Inc. (AAFPRS), a US-based medical organization dedicated to facial plastic and reconstructive surgeries, the number of surgical and nonsurgical facial plastic surgery treatments performed in 2021 grew by 40% as compared to 2020. In 2021, roughly 1.4 million surgical and nonsurgical procedures were performed. Hence, the growing demand for cosmetic procedures among users aids in the growth of the dermatology medical lasers market.

Competitive Landscape -
Major companies operating in the dermatology medical lasers market include Cynosure Inc., Peninsula, Miracle Laser, Syneron, Shenzhen GSD, Sincoheren, Fotona, Alma Lasers Ltd., Cutera Inc., SemiNex Corporation, Valeant Pharmaceuticals International Inc., Asclepion Laser Technologies GmbH, Biolitec AG, Boston Scientific Corporation, Candela Medical Corporation, DEKA Research & Development Corporation, DermaQuip, DermaSweep, DermTech, Dominion Aesthetic Technologies, GymnaUniphy, Hologic Inc., IPG Photonics Corporation, Lumenis Ltd., Milesman, Quanta System S.p.A., Sciton Inc., Sharplight Technologies, Solta Medical Inc., Thermi, Venus Concept Ltd., Viora Ltd., Zimmer MedizinSysteme GmbH, Zeltiq Aesthetics Inc.

Growing Adoption Of Picosecond Lasers Beyond Tattoo Removal In Dermatology
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. For instance, in January 2021, LASEROPTEK Co Ltd received FDA 510(k) clearance for its next-generation PicoLO Premium Picosecond ND: YAG Laser. Therefore, the use of picosecond lasers in dermatological processes is expected to be the new trend in the dermatology medical lasers market.

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Key Segments -
The dermatology medical lasers market covered in this report is segmented -
1) By Device: Surgical Lasers, Vascular Lasers
2) By Application: Cancer, Hair Removal, Tattoo Removal, Resurfacing, Other Applications
3) By End-users: Hospitals, Skin Care Clinics, Cosmetic Surgical Centres

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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