Fractional Laser Market to Reach $3.0 Billion by the End of 2030
Quality and transparency has been strictly maintained while carrying out research studies to provide an exceptional market research report for a niche. Global Fractional Laser Market research report makes Healthcare industry well acquainted with profound knowledge of the global, regional and local market statistics. The report puts forth an absolute overview of the market that contains various aspects of market analysis, product definition, market segmentation, key developments, and the existing vendor landscape. Market drivers and market restraints are studied carefully along with the analysis of the market structure. The significant Global Fractional Laser Market report also assists in finding out the likely market for a new product to be launched and the most pertinent method for the distribution of certain product.
The superior Global Fractional Laser Market business report is a wonderful guide to achieve an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. Competitive analysis carried out in this market report puts forth the moves of the key players in the Healthcare industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The key research methodology that has been employed here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation.
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.
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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.
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.
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.
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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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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