The global Dermatology Excimer Laser market size is expected to be worth around US$ 2.03 billion by 2030, according to a new report by Vision Research Reports.
The global Dermatology Excimer Laser market size was valued at US$ 401.5 million in 2020 and is anticipated to grow at a CAGR of 11.0% during forecast period 2021 to 2030.
|Market Size||US$ 2.03 billion by 2030|
|Growth Rate||CAGR of 11.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Applicaion|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Ra Medical Systems; Shenzhen GSD Tech Co., Ltd.; Alma Lasers (Shanghai Fosun Pharmaceutical Group Co., Ltd.); Strata Skin Sciences, Inc.; The Daavlin Company|
Dermatology excimer lasers are a novel form of targeted phototherapy that delivers a specific wavelength (308 nm) of monochromatic UVB radiation using an excimer laser or an excimer lamp. According to NCBI, excimer lasers have been proven effective in treating skin conditions like psoriasis, vitiligo, atopic dermatitis, alopecia area ta, allergic rhinitis, folliculitis, etc.
Factors like the rising prevalence of skin conditions, such as eczema, the non-invasive nature of the procedures, and the advent of technologically advanced treatment systems, offering lower complication risks, are expected to propel market growth. Skin conditions that are generally considered difficult to treat, such as hypopigmented striae and hypopigmented scars, can also be effectively treated using excimers. Technological advancement and availability of an extensive range of devices in the market that offers high patient satisfaction and visible results are expected to boost the market growth.
By Product Analysis
The trolley-mounted excimer lasers segment held the largest revenue share of 43.3% in 2020. Based on type, the market has been segmented into tabletop excimer lasers, hand-held excimer lasers, and trolley mounted excimer lasers.
The segment is expected to maintain the leading position during the forecast period. This is because trolley-mounted lasers are portable, can be transported easily, and can be placed in any corner of a dermatology clinic.
The hand-held device segment is also expected to hold a significant market share during the forecast period as these devices provide the benefits of a lighter weight system that offers flexibility and lower investment, operation, & maintenance costs.
By Application Analysis
The psoriasis application segment held the highest market share of 22.1% in 2020 and is expected to grow at the fastest CAGR during the forecast period. This can be attributed to the fact that the prevalence of psoriasis is on the rise.
Based on application the market has been segmented into psoriasis, vitiligo, atopic dermatitis, allergic rhinitis, alopecia areata, and others. The Atopic Dermatitis (AD) segment also held a significant market share in 2020.
Atopic dermatitis, a common chronic or recurrent inflammatory skin disease, affects 15-20% of children and 1-2% of adults globally. In the U.S., around 7.3% of adults have AD and 40% of them have moderate to severe symptoms.
By Regional Analysis
North America dominated the global market with a share of over 38% in 2020 and is expected to grow at a significant CAGR during the forecast period. This is attributed to the rising prevalence of skin conditions, well-established medical infrastructure & reimbursement policies, presence of key market players.
The APAC regional market is expected to witness the fastest CAGR of 12.4% over the forecast period. Asian countries, such as China, Japan, and India, are emerging economies with well-developed healthcare infrastructure and facilities and are now more focused on leading on the basis of R&D activities.
Ra Medical Systems
Shenzhen GSD Tech Co., Ltd.
Alma Lasers (Shanghai FosunPharmaceutical Group Co., Ltd.)
Strata Skin Sciences, Inc.
The Daavlin Company
Table top Excimer Lasers
Hand-held Excimer Lasers
Trolley Mounted Excimer Lasers
Middle East & Africa
The Dermatology Excimer Laser market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Dermatology Excimer Laser market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Dermatology Excimer Laser market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Dermatology Excimer Laser market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Dermatology Excimer Laser market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Dermatology Excimer Laser capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Dermatology Excimer Laser by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Dermatology Excimer Laser market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Dermatology Excimer Laser market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Dermatology Excimer Laser market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Dermatology Excimer Laser industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Dermatology Excimer Laser market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Dermatology Excimer Laser market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Dermatology Excimer Laser market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Dermatology Excimer Laser market. These factors have benefited the growth of the global market for Dermatology Excimer Laser. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Dermatology Excimer Laser. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Dermatology Excimer Laser are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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