Pune, India, July 07, 2021 (GLOBE NEWSWIRE) -- The global dermatology lasers market is projected to rise at a considerable pace driven by the increasing investments in product R&D. The presence of several large scale companies will have a huge impact on the growth of the overall market in the coming years. According to a report by Fortune Business Insights, titled “Dermatology Laser Market Size, Share & Industry Analysis, By Type (Gas Laser Machine, Semiconductor Laser Machine, Gem Laser Machine), By Application (Therapeutic, Aesthetic), By End-User (Hospitals, Skin Care Clinics, Cosmetic Surgical Centres) and Regional Forecast, 2019-2026,” the market will rise at a considerable pace driven by the massive investments in the integration of advanced concepts.
The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, manufacturers are likely to witness huge losses in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global dermatology lasers market and discusses how major companies are coping with this.
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Dermatology lasers are devices that are used for the treatment of skin diseases through a non-invasive procedure. The rising cases as well as severity of dermatology have led to a widespread adoption of the product across the world. The increasing awareness regarding skin diseases and skin cancer will have a huge impact on the growth of the overall dermatology lasers market in the foreseeable future.
The presence of several large scale dermatology laser manufacturers across the world will emerge in favor of the growth of the overall market. The massive investments in the research and development of low cost and effective products will create several growth opportunities. Moreover, the widespread applications of dermatology lasers including hair removal, tattoo removal, and skin resurfacing will bode well for the growth of the market in the coming years.
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Constant Product Innovations have been a Commendable Source for Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing product innovations driven by massive R&D investments, has made the highest impact on market growth. Accounting to healthy market competition, several companies are looking to introduce innovative products with the view to establishing a stronghold in the market. In January 2020, Nurnberg, Germany, announced the launch of a new applicator for the human skin.
The company introduced ‘ClearSkin Pro,’ a product that possesses almost twice the benefits of its previous versions. The company’s claims of the product being able to enhance the skin and inculcate a younger look have settled quite well with the consumers, given the success in recent times. Such innovations are no longer a rarity and increasing number of such products will provide impetus to the growth of the market in the coming years.
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July 2018: Candela Corporation announced that it has received approval from the USFDA for its Vbeam Prima, an advanced 595 nm pulsed dye laser (PDL). The company claims that this product has additional 1064 nm wavelength along with other new features which can effectively treat a broad range of skin conditions.
North America to Account for the Largest Market Share; Increasing Demand for Appealing Aesthetics will Emerge in Favor of Market Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The increasing demand for visually appealing aesthetics will have a huge impact on market growth. Additionally, the rising prevalence of skin cancer in the United States will create the platform for growth for the companies operating in the regional market. The market in Europe will also rise at a considerable pace driven by improving healthcare infrastructures and increasing healthcare expenditures.
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List of companies profiled in the report:
- Alma Lasers
- Miracle Laser & Skin Care
- CANDELA CORPORATION
- Focus Technology Co. Ltd.
- Alcon Vision LLC
- IRIDEX Corporation
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