Dermatology Excimer Laser Market Size, Share & Trends Analysis Report By Product (Table top Excimer Lasers, Hand-held Excimer Lasers, Trolley Mounted Excimer Lasers), By Application (Psoriasis, Vitiligo, Atopic Dermatitis, Allergic Rhinitis, Alopecia Areata, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global dermatology excimer laser market size was valued at USD 429.11 million in 2021 and is predicted to reach at USD 1040.32 million by 2030, increasing at a CAGR of 10.34% from 2022 to 2030.

Dermatology Targeted phototherapy using the excimer laser delivers UVB light at precise wavelengths. UVB light is delivered to the afflicted parts of the skin by excimer lasers, while the healthy skin is not impacted. Using multiple handpieces, doctors can deliver the precise amount of UV wavelengths required by each patient.

UV radiation from dermatology excimer lasers is applied directly to lesions as well as surrounding healthy tissue. In addition to vitiligo, alopecia areata, psoriasis, allergic rhinitis, atopic dermatitis folliculitis, and granuloma annulare, this laser is used to treat a wide range of dermatological conditions, including vitiligo. Using dermatology excimer laser treatments, people suffering from psoriasis can get fast, safe, easy, and effective relief from their symptoms. Growing skin problems including eczema, the non-invasive character of the procedures, and technologically advanced treatment technologies with decreased complication risks are all likely to drive the market. Excimers can be used to treat skin problems that are considered difficult to treat, including hypopigmented striae as well as hypopigmented scars. An increase in market size can be projected as new and improved devices with better patient outcomes become more widely available on the market.

Market Dynamics

Global dermatology excimer laser market drivers

Increasing Spendings Associated with Medical Care Serve as A Driver

The percentage of a person's total income that is considered disposable rises in direct proportion to the level of economic development experienced in many nations. The people will now be having access to improved treatment facilities in their nations thanks to their higher disposable income, which will fuel the expansion of the dermatological excimer laser marketplace over the next several years. The dermatological excimer laser market is expected to expand as a result of a variety of driving forces, including an increasing number of technological advances, an increasing number of people who can afford the treatment, and an increase in the amount of money spent on healthcare.

The Ever-Increasing Popularity of Laser Treatment Act as A Driver

It is anticipated that the widespread use of laser therapy as a form of dermatological treatment, which has recently seen a surge in popularity among people all over the world, will contribute to the acceleration of the market's expansion in the years to come. In addition, because lasers do not cut into the skin, a rising number of people are choosing this method of treatment over others. This trend is expected to continue. In addition, most people choose procedures that are less invasive and involve making fewer incisions in their bodies; laser treatment is an excellent choice for those who adhere to this trend in surgical treatment selection.

Global dermatology excimer laser market restraints

The Growth Is Being Hampered by Product Recalls

Over the course of the past several years, there have been countless incidents of product recalls relating to dermatology excimer lasers. The increase in the proportion of product recalls can be attributed to a variety of factors, including poor accuracy, ongoing technological concerns, and problems with the way the equipment is handled. This issue would serve as a hindrance to the expansion of the excimer laser market for dermatology in the next years and prevent the market from reaching its full potential. There have been instances in which dermatology excimer lasers have been found to have a manufacturing fault or defect. These faults or defects can pose a risk to both the patients being treated with the equipment and the medical professionals who are operating it, which impedes the expansion of the market.

Global dermatology excimer laser market key opportunities

Innovations In Technology Will Open Up Lucrative Opportunities in The Market

The improvement of technology, the reduction of treatment costs, and the rise in the average cost of providing healthcare to a population all contribute to the expansion of the market for dermatological excimer lasers. It is anticipated that an increase in the number of new product launches as well as regulatory approvals would make room for new opportunities in the market for dermatological excimer lasers.

The development of new technologies in the market should lead to a reduction in the likelihood of complications occurring. In addition, skin disorders that are typically thought to be difficult to treat, such as hypopigmented scars as well as hypopigmented striae, are simple to treat with the support of these excimers. In addition, advances in technology, in conjunction with the accessibility of a wide variety of devices on the market, make it possible to achieve observable outcomes and a high level of patient satisfaction. Therefore, as a result of these variables, new opportunities in the market that are potentially valuable will become available.

Regional Analysis

The global dermatology excimer laser market is segmented by geography into North America, Europe, Asia-Pacific (APAC Region), Latin America, and the Middle East & Africa (MEA).

In 2021, North America held more than a 40% share of the global market, and its position is projected to increase at a considerable compound annual growth rate (CAGR) over the period covered by the forecast. This can be due to the reasons like the increasing prevalence of skin problems, the presence of important market competitors, the existence of well-established medical infrastructure and reimbursement policies, and the high acceptance of novel cosmetic procedures.

Additionally, a high acceptability as well as openness for aesthetic treatments as well as a growing population that is becoming increasingly appearance-conscious are anticipated to boost the expansion of the market in the region.

Throughout the projection time-period, the market in the APAC region is anticipated to see the highest CAGR, which is 11.51%. Emerging economies in Asia, including China, Japan, as well as India, have well-developed healthcare services and infrastructure. These countries are now more interested in leading based on the foundation of R&D efforts. These kinds of nations have a long history of being known as centres for various cosmetic operations. Countries such as China, South Korea, plus Japan each perform a significant number of cosmetic treatments on their citizens' skin each year.

In addition, the availability of treatments that are both affordable and of a high standard, as well as high levels of disposable income and the prevalence of skin disorders such as atopic dermatitis and psoriasis, are all factors that are boosting the market in the Asia pacific market.

Segmental Analysis

The global dermatology excimer laser market is divided into different segments according to the Product, Application, and Region (Geography).

By Product, the Global Dermatology Excimer Laser Market is segmented into Table top Excimer Lasers, Hand-held Excimer Lasers, and Trolley Mounted Excimer Lasers. In 2021, the segment of trolley-mounted excimer lasers maintained the biggest revenue share, accounting for 45% of total sales. Table-top-excimer lasers, hand-held-excimer lasers, as well as trolley-mounted-excimer lasers are the three different types of excimer lasers that are included in this market segmentation. During the time period that is being forecasted, it is anticipated that the category will continue to hold the leading position. This is due to the fact that lasers mounted on trolleys are transportable, can be moved around with relative ease, and may be positioned in any part of a dermatology hospitals. The introduction of new products, investments made by existing market participants, and a growing adoption for non-invasive skin treatment methods due to the fact that these treatments are both safe and cost-effective are some of the reasons that are driving the expansion of this market sector.

Pharos, which is manufactured by Ra Medical Systems, and Xtrac, which is manufactured by Strata Skin Sciences, are both illustrations of trolley-mounted-excimer laser devices. More than two thousand Xtrac devices have been deployed all around the world, according to Strata Skin Sciences, and numerous medical academic institutions have also reported employing the Xtrac laser systems. It is also anticipated that the hand-held device segment will hold a leading position over the course of the forecast period. This is due to the fact that hand-held devices offer the advantages of a lighter weight process that gives flexibility as well as lower investment, operation, and maintenance costs. The EXCIMER 308 system is basically a handheld equipment which can even be stored and transferred in its tiny carrying case. Alma laser is the company that develops and manufactures the EXCIMER 308 system.

By Application, the global dermatology excimer laser market is segmented into Psoriasis, Vitiligo, Atopic Dermatitis, Allergic Rhinitis, Alopecia Areata, and Others. Psoriasis was the application segment that held the most market share in 2021 at 25%, and it is anticipated to expand at the highest CAGR throughout the forecast timeframe. This is likely attributable to the reason that the frequency of psoriasis is increasing all over the world. There are over 8 million people who suffer from this skin ailment in the United States alone. The World Health Organization (WHO) has also said that psoriasis is a severe global disease, and that it affects more than 100 million people around the world. In addition, excimer lasers have been demonstrated to be effective in relieving this ailment, with an accuracy rate of 72%; this has contributed to the expansion of the market sector.

Psoriasis, atopic dermatitis, vitiligo, allergic rhinitis, as well as alopecia areata are some of the conditions that have been used as criteria for the market's segmentation. Other conditions include: A major portion of the market was also owned by the atopic dermatitis (AD) category in the year 2020. Atopic dermatitis is a widespread kind of chronic and recurrent inflammatory-skin-disease that affects 1–2% of adults and 15–20% of children around the world. Around 7.3% of adults in the United States have Alzheimer's disease, and of those people, 40% of them have mild to severe symptoms. The demand for treatment with excimer lasers in dermatology has increased in recent years due to the fact that these lasers are perfectly safe for use on both adults and children, in addition to the fact that the incidence of skin problems has been on the rise.

By Region or Geography, the global dermatology excimer laser market is segmented into North America, Europe, Asia-Pacific (APAC Region), Latin America, and the Middle East & Africa (MEA). In 2021, North America held a commanding position in the global market, with a share of more than 40%, and to expand at a rapid rate. During the forecast time frame, the APAC region’s market is expected to grow at a CAGR of 11.51%.

Recent Developments

• July 2022 - Ra Medical Systems, Inc., a biotech company whose primary focus is on designing its own excimer laser system to cure vascular diseases, had announced that it has received 510(k) clearance from the United States Food and Drug Administration for the DABRA 2.0 catheter, which is included in the DABRA Excimer-Laser-System. This clearance allows the company to market the DABRA Excimer Laser System.

• March 2022 - STRATA Skin Sciences, Inc., a healthcare tech firm committed to the development, commercialization, and marketing of innovative remedies for the treatment of numerous autoimmune skin diseases, recently made the announcement that it is now a corporate major sponsor of the Global Vitiligo Foundation (in short, GVF).