Dermatology Excimer Laser Market: Overview
The dermatology excimer laser market is anticipated to experience noticeable growth prospects at a rapid pace during the forecast period. The market growth has been attributed to the increasing prevalence of skin conditions, for example, eczema. In addition to this, the advent of technologically advanced systems for treatment and the non-invasive nature of processes are also predicted to fuel growth impetus in the market.
Technological advancements in the market are likely to ensure lower complication risks. Further, skin conditions, which are commonly considered complicated to treat, for example, hypopigmented scars and hypopigmented striae are easily treated with the assistance of these excimers. Further, technological advancements along with the availability of the extensive devices range in the market provide visible results and high patient satisfaction. Thus, based on these factors, the market has been projected to grow at a noticeable speed in the years to come.
Dermatology Excimer Laser Market: Key Trends
Excimer has been used to treat various skin-related tissues while leaving healthy tissues unaffected. These lasers have been highly customizable and also have various hand pieces, which enable service providers with administration capabilities. The lasers used on the patients have been proven to be effective for the treatment of different skin conditions, such as atopic dermatitis, psoriasis, vitiligo, and some others. Thus, based on these skin benefits, the market has been projected to experience noteworthy growth avenues in the years to come.
The sudden outbreak of the COVID-19 cases across the world has put an adverse impact on market growth. This is because the footfall of the appointments of patients to get skin treatments has been suspended temporarily. However, certain governments from many countries have given permission to dermatology clinics to resume their consultations and also aesthetic procedures. But these clinics need to adhere to strict protocols of the COVID-19. Increasing assumptions related to rising demand for skin care treatment post-COVID is likely to boost growth avenues in the market.
Dermatology Excimer Laser Market: Competitive Dynamics and Key Developments
The key players dealing in the dermatology excimer laser market have been incorporating different development strategies in order to bolster the growth opportunities in the forthcoming years. Some of these market strategies include geographical expansion, acquisitions, strategic collaborations, mergers, partnerships, new product launches, and product approvals that have been applied by prominent companies to create expansion avenues in the market.
For instance, Strata Skin Sciences has announced the expanded agreement for direct distribution with Wuhan Miracle Laser Systems, Inc. in March 2021. The agreement has been anticipated to strengthen the laser excimer business of the company in china.
Some key players in the dermatology excimer laser market include:
Dermatology Excimer Laser Market: Regional Assessment
The dermatology excimer laser market is spread across different geographical locations around the world including Europe, North America, the Middle East & Africa, Latin America, and Asia Pacific. Out of these regions, the North America region has been estimated to hold a dominating position in the market sharer. The market dominance is attributed to the increasing prevalence of the various skin conditions, high adoption of novel aesthetic procedures, and the presence of key market players. In addition to this, well-established infrastructure in the medical industry along with favorable reimbursement policies are also contributing to the regional market growth. There has been a noticeable increase in the population that is conscious about their appearance that also fuel growth impetus in the market. Furthermore, increased acceptance and openness for the aesthetic treatment are also contributing to the market growth.
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