The applications of laser resurfacing procedures are very wide and vary in range. They include acne scar removal, collagen replacement, fat transfer, body peels, and many others. While there has been some controversy over the use of lasers in medical practices, the technology is growing by leaps and bounds and is accepted as an effective tool in dermatological care. Laser resurfacing devices have gained significant traction over the years with rising number of cosmetic procedures over the years. As per the American Society for Aesthetic Plastic Surgery (ASAPS) 2016 report, over US$ 15 billion worth of expenditure was made in the U.S. on combined surgical and non-surgical procedures. Furthermore, of this, around 44% were non-surgical procedures. Such high expenditure has led to increase in the demand for laser surface devices. Hence, such factors can stimulate growth of the laser resurfacing devices market.
Laser Resurfacing is performed on patients with mild to moderate facial defects. The procedure works by using pulsed light, or laser energy, to remove fine lines and wrinkles from the surface of the skin. This procedure does not burn away any of your skin; it only reshapes it. There has been a high incidence of skin conditions including wrinkle, acne, and skin pigmentation, which requires adequate treatment and surgical procedures if needs be. Consumers across the globe have become aware of self-appearance, which has resulted in high demand for skin rejuvenation treatments. Thus, such factors can stimulate growth of the laser resurfacing devices market in the near future.
Recently, in January 2020, Alma Inc. launched the first fractional plasma RF technology Opus to address skin quality concerns.
Regardless, there are stringent regulations on aesthetics practices, which is limiting the adoption of such surgical procedures. Similarly, the capital cost of these types of equipment is significantly high, which could slow down growth of the laser resurfacing devices market in the near future.
When it comes to geographical footprint, developed countries such as the U.S. have shown promising signs for growth of the laser resurfacing devices market. This is typically due to the fact that there is high adoption of technologically advanced devices and there is the presence of major market players in the region. As far as emerging regions such as Asia Pacific are concerned, high demand for laser and energy devices can boost growth of the regional laser resurfacing devices market in the near future.
