Increased adoption of non-invasive aesthetic procedures will propel the fractional laser market in the forecast period of 2023-2030. A device that delivers a laser beam split into thousands of minuscule treatment zones that only focus on a portion of the skin at a time similar to how a photographic image is improved or changed pixel by pixel is used in the non-invasive fractional laser treatment procedure. Fractional laser therapy has bridged the gap between ablative and non-ablative laser treatments for sun-damaged and ageing skin. While ablative laser treatments focus primarily on the epidermis (surface skin cells) and non-ablative treatments focus solely on dermal collagen (the skin's mid-layer), fractional laser treatments target both the epidermal and dermal layers.
Data Bridge Market Research analyses that the fractional laser market which is USD 1.50 billion in 2022, is expected to reach USD 3.0 billion by 2030, at a CAGR of 9.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The fractional laser, also known as fractional laser resurfacing, is anti-aging treatment. Multiple laser sessions are required to treat wrinkles, fine lines in the skin, age spots, uneven skin tone, and other skin damages. With each subsequent laser session, the skin problems begin to fade. Fractional lasers are used in laser skin resurfacing and acne scar treatment to improve skin elasticity and texture, fine lines, wrinkles, acne scars, sun damage, melasma, and other skin discolorations. Unlike other types of laser skin resurfacing, fractional lasers only target small areas, leaving surrounding areas unaffected.
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Some of the major players operating in the fractional laser market are:
- Cynosure, LLC (France)
- Quanta System (Italy)
- Asclepion Laser Technologies GmbH (Germany)
- LUTRONIC (South Korea)
- Alma Lasers (Israel)
- Sciton (U.S.)
- Lumenis Be Ltd. (France)
- Lasering s.r.l. (Italy)
- Candela Corporation (U.S.)
- Deka M.E.L.A. S.r.l (Italy)
- EC21 Inc. (South Korea)
- Cutera (U.S.)
- Coherent, Inc. (U.S.)
- FANUC UK Ltd. (U.K.)
- Aerolase Corp. (U.S.)
- Solta Medical (U.S.)
- SharpLight Technologies Inc. (Canada)
Drivers
- Rise in usage of 3D laser technologies
3D laser technologies, which are precise and accurate by design and enable a contamination-free procedure, have reduced the cost of producing prostheses while increasing production speed. The surface of the material is unaffected, and the UV laser leaves no raised markings. At the same time, laser technology has enabled manufacturers to significantly increase their production capacity in order to meet the ever-increasing demands of hospitals and private care. These are the certain factors which propel the market growth.
Opportunities
- Technological advancements
Photonics technology advancements, increased oil and gas demand, medical, favourable government investments, increased demand for lasers in the military and defence sectors, and new applications are all driving up demand for laser technology. For instance, Lumibird, a laser technology developer, acquired Saab AB, a Swedish aerospace and defence company, in March 2021 to take over its defence laser rangefinder business. Lumibird Group's presence in the European defence market is likely to be beneficial. All of these measures contribute to the growth of the fractional laser market.
Restraints/Challenges
- Side effects associated with Fractional Laser
The complications and side effects that may occur following aggressive or ablative fractional laser treatments, particularly on neck skin such as swelling can last up to a week after treatment. And they can be alleviated by applying an ice pack at 10-minute intervals for the first 24 hours. These are the factors which may hampers the growth of market.
This fractional laser market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fractional laser market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, Coherent Inc. announced that it had accepted the acquisition proposal for II-VI Incorporated, which was received on March 17, 2021. As a result, Coherent Inc. is terminating the March 9, 2021, merger agreement between Coherent Inc. and Lumentum and paying Lumentum the USD 217.6 million termination fee contemplated by their merger agreement in order to enter into a new merger agreement with II-VI Incorporated.
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