According to a new report published by UnivDatos Markets Insights, the Dermatology Excimer Laser Market is expected to grow at a CAGR of around 7% from 2022-2028. The analysis has been segmented into 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;) Region/Country.

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The dermatology excimer laser market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the dermatology excimer laser market. The dermatology excimer laser market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the dermatology excimer laser market at the global and regional levels.

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Market Overview

The dermatology excimer laser is a laser that emits highly concentrated light in the ultraviolet (UV) region of the spectrum. In addition, the dermatology excimer laser concentrates the light only on the psoriasis lesion which allows the physician to deliver high doses necessary for quick clearing while minimizing exposure to healthy skin.

The Dermatology excimer laser Market is expected to grow at a steady rate of around 7% owing to the rising prevalence of skin disorders. The dermatology excimer laser market is significantly expanding due to the increased prevalence of skin disorders, particularly psoriasis and vitiligo, rising public awareness of these conditions, and an increase in the use of laser therapy. Major companies in the market offer technologically advanced features pacemakers.  According to Strata Skin Sciences, 35 million people suffer from skin conditions like psoriasis, vitiligo, eczema, atopic dermatitis, and Leukoderma in the U.S. alone, and the incidence of these diseases is expected to increase in the future.

Some of the major players operating in the market include 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.

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COVID-19 Impact

COVID-19 is a global health emergency that affects almost every industry, this pandemic has been proceeding to change the growth of different market sectors. In the healthcare industry, the pandemic directly affected the manufacturing, demand, and supply chain of various medical devices and pharmaceutical companies. Furthermore, according to the International Society of Aesthetic Plastic Surgery (ISAPS) data, during the pandemic period, the total number of cosmetic surgical procedures decreased from 11.3 million in 2019 to 9.8 million in 2020, and it observed a decline of 13.0% in procedures.

The global dermatology excimer laser market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·       On the basis of application, the market is categorized into psoriasis, vitiligo, atopic dermatitis, allergic rhinitis, alopecia areata, and others. Among these, psoriasis to hold a significant share in the market in 2020. This is mainly due to the rising incidence and prevalence of psoriasis across the globe which is anticipated to increase the further market growth of this segment.

·       Based on end users, the dermatology excimer laser market has been classified into hospitals, dermatology clinics, skin care centers, plastic surgery centers, and others. The hospital’s category is to witness higher during the forecast period. This is mainly due to the rising number of skin disorders. Additionally, the existence of highly qualified dermatologists, a variety of diagnostic and treatment facilities, increased purchasing power, and other factors are considerably boosting the growth of the global dermatology excimer laser market in the hospital sector.

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Dermatology Excimer Laser Market Geographical Segmentation Includes:

·       North America (United States, Canada, and Rest of North America)

·       Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·       Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·       Rest of the World

North America is anticipated to grow at a substantial CAGR during the forecast period. This is attributed to the increasing prevalence of skin diseases, well-established medical infrastructure and reimbursement policies, the presence of major market players, and high acceptance of new cosmetic procedures. Skin cancer is the most common cancer in the United States. Current estimates are that one in five Americans will develop skin cancer in their lifetime. It is estimated that approximately 9,500 people in the U.S. are diagnosed with skin cancer every day according to the American Academy of Dermatology. In addition, high receptivity and openness to beauty treatments and increasing population consciousness of appearance are expected to support the growth of the market in the region.

The major players targeting the market include

·       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.  

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Dermatology excimer laser market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the dermatology excimer laser market?

• Which factors are influencing the Dermatology excimer laser market over the forecast period?

• What are the global challenges, threats, and risks in the dermatology excimer laser market?

• Which factors are propelling and restraining the dermatology excimer laser market?

• What are the demanding global regions of the dermatology excimer laser market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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