Dermatology Excimer Laser Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Products (Table Top Excimer Lasers, Hand-Held Excimer Lasers, Trolley Mounted Excimer Lasers); Application (Psoriasis, Vitiligo, Atopic Dermatitis, Allergic Rhinitis, Alopecia Areata, and Others); End User (Hospitals, Dermatology Clinics, Skin Care Centers, Plastic Surgery Centers, Others); and Region/Country
Global Dermatology Excimer Laser Market is expected to grow at a significant rate of around 7% during the forecast period. The dermatology excimer laser is used to treat various skin-related tissues without affecting healthy tissue. In addition, these lasers are highly customizable and also come with a variety of handpieces that allow service providers to have manageability. As per the American Academy of Dermatology, approximately 7.5 million people in the United States have psoriasis in 2021. Psoriasis occurs in all age groups but is primarily seen in adults, with the highest proportion between ages 45 and 64. Therefore, lasers used on patients have proven effective in treating various skin diseases such as atopic dermatitis, psoriasis, and vitiligo. Based on these skin benefits, the market is projected to witness remarkable growth in the coming years. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced dermatology excimer lasers is further expected to support market growth.
Lumenis Be Ltd., Ra Medical Systems, Shenzhen GSD Tech Co. Ltd., Fotona, PhotoMedex, Alma Lasers, STRATA Skin Sciences, DEKA Research & Development Corp, The Daavlin Company, Beijing Sincoheren S & T Development co. Ltd are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, trolley-mounted excimer lasers category to witness higher CAGR during the forecast period”
Based on type, the market is segmented into table top excimer lasers, hand-held excimer lasers, and trolley-mounted excimer lasers. Trolley-mounted excimer lasers category is to witness significant CAGR during the forecast period due to safety and affordability the noninvasive skin treatment methods are in high demand which is one of the factors fueling the segment. For instance, in August 2021, STRATA Skin Sciences Announces the Acquisition of the U.S. Dermatology Business of Ra Medical Systems.
“Amongst application, psoriasis to hold a significant share in the market in 2020”
On the basis of drive type, the market is categorized into psoriasis, vitiligo, atopic dermatitis, allergic rhinitis, alopecia areata, and others. Among these, psoriasis to hold a significant share of the market in 2020. Psoriasis is a common, chronic, non-communicable skin disease, with no clear cause or cure. Psoriasis affects people of all ages, and in all countries. The reported prevalence of psoriasis in countries ranges between 0.09% and 11.43%, making psoriasis a serious global problem with at least 100 million individuals affected worldwide.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global dermatology excimer laser market. This is attributed to the increasing prevalence of various skin conditions, the high adoption of novel aesthetic procedures, and the presence of key market players that drive the region’s market. Moreover, the increased investment in R&D activities for the development of technologically advanced medical devices for the treatment of various skin disorders is the factor that drives the growth of the industry. As per the American Academy of Dermatology, in 2019, Skin cancer is the most common cancer in the United States. It is estimated that more than 9,500 people in the U.S. are diagnosed with skin cancer every day. Moreover, it is expected that the market will continue to grow at a steady rate during the forecast period owing to the high-income levels of the consumers in the region coupled with rising awareness about the importance of health awareness among people about these disorders.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Dermatology Excimer Laser Market|
|2.2.||Research Methodology of the Dermatology Excimer Laser Market|
|5||IMPACT OF COVID-19 ON THE DERMATOLOGY EXCIMER LASER MARKET|
|6||DERMATOLOGY EXCIMER LASER MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Tabletop top Excimer Lasers|
|7.2.||Hand-held Excimer Lasers|
|7.3.||Trolley Mounted Excimer|
|9.3.||Skin Care Centers|
|9.4.||Plastic Surgery Centers|
|10.1.3.||Rest of North America|
|10.2.6.||Rest of Europe|
|10.3.4.||Rest of Asia-Pacific|
|10.4.||Rest of World|
|12||DERMATOLOGY EXCIMER LASER MARKET OPPORTUNITIES|
|13||DERMATOLOGY EXCIMER LASER MARKET TRENDS|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|15||VALUE CHAIN ANALYSIS|
|16.1.1.||Porters Five Forces Analysis|
|17.1.||Lumenis Be Ltd.|
|17.2.||Ra Medical Systems|
|17.3.||Shenzhen GSD Tech Co. Ltd.|
|17.7.||STRATA Skin Sciences|
|17.8.||DEKA Research & Development Corp|
|17.9.||The Daavlin Company|
|17.10.||Beijing Sincoheren S & T Development co. Ltd.|
Research Methodology for the Dermatology Excimer Laser Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global dermatology excimer laser market were the three major steps undertaken to create and analyze the adoption of dermatology excimer lasers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global dermatology excimer laser market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the dermatology excimer laser market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the dermatology excimer laser market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, application, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the dermatology excimer laser market. Further, we conducted factor analysis using dependent and independent variables such as various increasing dermatological disorders and the growing treatment rate of dermatology excimer lasers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the dermatology excimer laser market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global dermatology excimer laser market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the dermatology excimer laser market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global dermatology excimer laser market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global dermatology excimer laser market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, application, and end user in the global dermatology excimer laser market.
The main objective of the Global Dermatology Excimer Laser Market Study
The current & future market trends of the global dermatology excimer laser market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the dermatology excimer laser market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, application, and end user.
- Define and analysis of the regulatory framework for the dermatology excimer laser
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the dermatology excimer laser market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the dermatology excimer laser market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry