Global Fractional Laser Market, By Device Type (Ablative, Non-Ablative, Micro Ablative), Laser Type (Fractionated, Non-Fractionated), Site (Face, Neck, Chest, Arms, Hands), Application (Fine Lines, Wrinkle Resurfacing, Hyper-Pigmentation, Stretch Marks), End User (Hospitals, Medical Spa, Private Clinics) – Industry Trends and Forecast to 2030.
Fractional Laser Market Analysis and Size
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.
Fractional Laser Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Device Type (Ablative, Non-Ablative, Micro Ablative), Laser Type (Fractionated, Non-Fractionated), Site (Face, Neck, Chest, Arms, Hands), Application (Fine Lines, Wrinkle Resurfacing, Hyper-Pigmentation, Stretch Marks), End User (Hospitals, Medical Spa, Private Clinics)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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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)
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Market Opportunities
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Market Definition
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.
Fractional Laser Market Dynamics
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.
Global Fractional Laser Market Scope
The fractional laser market is segmented on the basis of device type, laser type, site, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Device Type
- Ablative
- Non-Ablative
- Micro Ablative
Laser Type
- Fractionated
- Non-Fractionated
Site
- Face
- Neck
- Chest
- Arms
- Hands
Application
- Fine Lines
- Wrinkle Resurfacing
- Hyper-Pigmentation
- Stretch Marks
End User
- Hospitals
- Medical Spa
- Private Clinics
Fractional Laser Market Regional Analysis/Insights
The fractional laser market is analyzed and market size insights and trends are provided by country, device type, laser type, site, application and end user as referenced above.
The countries covered in the fractional laser market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fractional laser market due to the increase in the adoption of new technologies. Furthermore, the presence of major industry players with new product lines broadens the market.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 because of the rise in demand for industrial lasers and optical systems.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The fractional laser market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for fractional laser market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the fractional laser market. The data is available for historic period 2011-2021.
Competitive Landscape and Fractional Laser Market Share Analysis
The fractional 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 fractional laser market.
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)
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