Given the debilitating impact of COVID-19 (Coronavirus) on Laser Resurfacing Market, companies are on the lookout for starting production lines. Get an inside look at the market prospects and its future decisions in light of the pandemic and other such unforeseen circumstances.
Laser Resurfacing Market Overview:
Laser resurfacing, commonly known as laser peel, lasabrasion, or laser vaporization, is a treatment for skin problems like facial wrinkles and acne scars. The process includes a laser beam to remove skin layer by layer. The global laser resurfacing market is fast gaining momentum and can rise with CAGR of 7.1% over the review period of 2017 to 2023. Market Research Future (MRFR) in their latest review of the global laser resurfacing market claims that the probability for the global market to gain acceptance is quite high.
The laser resurfacing market size is gaining strong traction from skin problems such as acne, wrinkles, skin pigmentation, and surge in intake of minimally invasive medical procedures. Rising expenditure in the healthcare sector is also expected to boost the market growth. But the high cost of treatment for skin diseases can be a hindrance for the market growth.
Laser Resurfacing Market Competitive Landscape:
Several companies are expected to launch tactical moves that will include merger, acquisition, product launch, collaboration, and others to ensure their own market position and provide thrust to the holistic growth of the market. These companies are Altair Instruments, Alma Lasers, Lynton Lasers Ltd, Quanta Aesthetic Lasers USA, Lumenis Cynosure, Inc., Lutronic Corporation, Cutera, Syneron Medical Ltd., and Sciton, Inc. MRFR profiled them in their recent report to enable understanding of the global market trends that can impact the laser resurfacing market growth.
Recent reports on laser resurfacing technology promotes an idea of combining this technology with plastic surgery that would help in masking the signs of ageing in a better way.
Laser Resurfacing Market Segmentation:
The global laser resurfacing market is segmented, as reported by MRFR, on the basis of type, products, indication, and end-user. Such a detailed segmentation holds sway over various factors that can impact the market in the coming years.
Based on the type, the laser resurfacing market can be segmented into ablative and non-ablative laser resurfacing. The ablative laser resurfacing includes erbium laser resurfacing, CO2 laser resurfacing, and others. The non-ablative laser resurfacing comprises infrared lasers, high impact light sources, fractional laser, and others. All these segments are playing an intrinsic role in taking the global laser resurfacing market forward, which can inspire the global market growth.
Based on the product, the laser resurfacing market can be segmented into laser skin resurfacing machine, laser tips, CO2 skin laser scanner machine, and others. The laser skin resurfacing machine market is expected to gain robust growth during the forecast period.
Based on the indication, the laser resurfacing market can be segmented into facial wrinkles, aging, acne scars, skin pigmentation, and others. The ageing segment is gaining substantial boost. The acne scar segment can also fetch in revenue sufficiently.
Based on the end-user, the laser resurfacing market comprises hospitals, dermatology clinics, home care, and others. Various dermatology clinics are expected to gain high traction.
Laser Resurfacing Market Regional Analysis:
Region-specific analysis of the global laser resurfacing market report includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). These four regions would help the global market in gaining strong grounds in the coming years.
The Americas is leading the market and would retain its market dominance in the coming years. This is due to the acknowledgement of growing number of skin diseases that are getting treated by laser resurfacing treatment. On the other hand, high per capita income and influence of the entertainment industry and social media can ensure better growth rate for the market in the region. The US, Canada, and Mexico, along with Argentina and Brazil from South America are expected to take the market ahead.
Get Premium Research Report, Inclusive of COVID-19 Impact Analysis, Find more information @ https://www.marketresearchfuture.com/reports/laser-resurfacing-market-5474
Europe stands on the second place in the laser resurfacing market owing to a surge in demand for better diagnostic services. The region would also benefit from increasing investment in the research and development sector. The regional market with countries like Germany, France, and the U.K. fetching revenues substantially, is expected to gain strongly from the market.
The APAC market is witnessing strong growth in the emerging countries where the healthcare sector is getting revamped and better structured.