Alexandrite Laser Treatment Market
Global Market Study on Alexandrite Laser Treatment: Rising Preference for Non-invasive Aesthetic Treatments to Catalyze Market Expansion
Alexandrite Laser Treatment Market Segmented By Hair Removal, Tattoo Removal, Vascular Lesions, Pigmented Lesions Indication with Aesthetic, Dermatology, Dentistry, Urology Application
Growing awareness among people about non-invasive therapies, ease of operations by using non-invasive devices, lesser side-effects as compared to invasive surgeries, less post-operative pain, reduced hospital stay, and faster recovery are a few factors contributing to increasing demand for non-invasive procedures, including alexandrite laser treatment. As a result, more and more patients are switching to non-invasive treatments such as alexandrite laser treatment over invasive surgeries.
This has resulted in an increase in number of non-invasive dermatological procedures, particularly in aesthetic procedures, over the years, which is aiding the expansion of the alexandrite laser treatment size across the world.
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- Alma Lasers
- Candela Medical
- Cynosure, Inc.
- Quanta Systems
- El.En. (Asclepion Technologies)
- Lutronic Corporation
- Bison Medical
- Lynton Laser
- EL.EN. S.p.A. (Deka Mela S.r.l.)
Alexandrite Laser Treatment Market Trends
Rising Demand for Aesthetic Procedures Driving Market Growth: Nowadays, people of all age groups are increasingly anxious about improving their appearance. Therefore, the alexandrite laser treatment market is rapidly growing owing to increasing need of improving aesthetics. Population above the 35 years age is prone to wrinkles, fine lines, and flaccid skin as a result of rising pollution and sedentary lifestyle, thereby expediting product demand. Treatments such as permanent hair removal and complete skin rejuvenation are especially gaining popularity. Complete skin rejuvenation treatment helps improve uneven skin tones, reduce visible rosacea, and sun damage while reducing fine lines. High influence of mainstream and social media on beauty standards is anticipated to drive the growth of the alexandrite laser treatment market over the coming years.
Favorable Regulatory Policies Leading to Launch of New Products: Product launches in the alexandrite laser treatment market are precisely governed by positive regulations, whose approval is required for the launch of products in the market. Over the last few years, leading players in the dermatology lasers market have established regulatory approval across the globe, which has facilitated them to launch various products in the market. The launch of new products in the alexandrite laser treatment market space brings in new technology, which provides improved results to patients and eases treatment procedures.
- In 2020, Bioson Medical launched the Accento N dual wavelength laser for hair removal and pigmented lesions.
- In 2018, Lumenis launched, SPLENDOR X— a solid state laser system equipped with the unique BLEND X technology for fast and effective hair removal and skin solutions.
High Cost of Alexandrite Laser Treatment May Hamper Market Growth: Laser treatments including surgeries and non-invasive procedures such as alexandrite laser treatment are associated with high costs, which makes them inaccessible to people in the low-middle income groups. Also, alexandrite laser treatment require a series of sessions to achieve the desired result, resulting in high overall cost of the treatment, which is expected to hamper market growth during the forecast period. For instance, according to the American Society of Plastic Surgeons, the average cost of laser hair removal is around US$ 287. Similarly, average cost of laser skin tightening treatment is around US$ 2,134. Furthermore, duration of treatment, number of sessions, and cost of treatment depends on the area being treated. These factors can play a part in impeding the growth of the alexandrite laser treatment market in the future.
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COVID-19 Impact on Alexandrite Laser Treatment Market
The global outbreak of COVID-19 led to lockdowns in the first half of 2020. There has been a significant impact on the alexandrite laser treatment, as a result of delaying procedures and reducing the volume of procedures during the pandemic. All non-essential or elective medical and surgical services have been rescheduled or offered telemedicine services, irrespective of their exposure or symptom status.
Along with that, companies in the alexandrite laser treatment are also expected to witness less demand for products during the pandemic due to high focus of people toward the prevention and transmission of viral diseases.
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An extensive analysis of the alexandrite laser treatment market has brought our analysts to a conclusion that, the market is growing at a significant pace. Currently, hair removal is the target segment for major healthcare facilities, and hence, this segment is anticipated to gain more traction in the alexandrite laser treatment market space by indication in term of growth.
Europe and North America collectively hold more than 45% of revenue share in the global alexandrite laser treatment market, due to the presence of key manufacturers in these regions. Emerging countries such as Brazil, China, and India are expected to offer lucrative opportunities alexandrite laser treatment market players. Along with that, the MEA region will also witness augmented growth in the alexandrite laser treatment market, owing to rising demand for aesthetic procedures in the region.
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Key Segments of Alexandrite Laser Treatment Market
PMR’s study on the alexandrite laser treatment market offers information divided into four important segments— indication, application, end user, and region. This report offers comprehensive data and information about the important market dynamics, and growth parameters associated with these categories.