Pico Laser Platform Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Pico Laser Systems, Pico Laser Handpiece and Accessories, and Others), By Technology (Neodymium-doped Yttrium Aluminium Garnet, Dual-Wavelength Picosecond Lasers, Fractional Picosecond Lasers, and Others), By Application (Tattoo Removal, Skin Rejuvenation, Scar and Acne Scar Treatment, Pigmented Lesion Removal, Melasma Treatment, Eye Disorders and Others), By End-Users (Dermatology Clinics, Aesthetic and Beauty Clinics, Hospitals and Medical Centres, Ambulatory Surgical Centres (ASCs), and Specialty Clinics), and Region Forecast 2019-2030

Pico laser platform market was driven by the some of the key factors which are the growing demand for minimally invasive aesthetic procedures, the effectiveness of a wider range of treatments, and improved safety for darker skin types. People are increasingly seeking non-surgical options for improving their appearance. Pico lasers offer faster treatment times and less downtime compared to traditional lasers, making them a desirable option. Pico lasers can address various concerns, including tattoo removal, acne scars, wrinkles, pigmentation issues, and skin revitalization. This versatility makes them attractive to both patients and practitioners.

An increase in the demand for picosecond laser devices for aesthetic applications coupled with technological advancements in the picosecond laser devices is projected to upsurge the revenue of the market over the forecast years. Products from different companies have been made available with the incorporation of advanced technologies.

For instance, the latest generation of tattoo removal lasers that can produce picosecond pulse durations, a trillionth of a second, help to improve tattoo clearance and reduce the total number of treatments. The high cost of pico laser devices is a major factor that limits the adoption rate of pico laser devices. The development of cost-effective devices may enhance the installation of pico laser devices majorly in developing economies.

In addition, the development of technologically advanced devices such as a combination of nano and pico lasers, multiple wavelengths and pulse width, large spot sizes, and minimal or no downtime may create opportunities for the market players to enhance their product sales in pico laser devices market. Advances in technology and improvement in optics have allowed higher average powers, giving bigger spot sizes in pico-pulse, making it more viable in clinical applications.

For instance, in China, market players are focused on the development of pico laser devices with price ranges between US$ 50,000 to US$ 80,000 which results in the adoption of devices in emerging economies.

Pico lasers deliver energy in picoseconds, minimizing thermal damage and reducing the risk of hyperpigmentation, a common concern for patients with darker skin tones. The high cost of the technology, and the need for trained professionals are restraints that are hindering the growth. Technological advancements, growing awareness, and focus on home-use devices are opportunities in the market where significant market growth is seen in the upcoming years.

Pico laser platforms are expensive for both providers to purchase and maintain. This can limit their accessibility for some patients. Operating Pico lasers requires specialized training and expertise. The lack of qualified practitioners in some areas might hinder market growth. North America dominates the market. Overall, the Pico laser platform market is expected to continue growing in the coming years, driven by the increasing demand for minimally invasive aesthetic procedures and the versatility of Pico lasers in addressing various skin concerns. However, factors like high costs and the need for trained professionals need to be addressed for wider adoption.

Key Developments

• In April 2022, MKS Instruments, Inc. introduced the Spectra-Physics IceFyre GR50 laser, a small yet powerful green picosecond laser with industry-leading performance and a low Total Cost of Ownership (TCO).
• In April 2023, Lynton Lasers, a Cheshire-based company, recently acquired the SmartPICO device from DEKA for laser tattoo removal and skin rejuvenation. This cutting-edge technology was featured in Aesthetic Medicine. The SmartPICO offers maximum flexibility and treatment efficacy for both skin rejuvenation and tattoo removal.
• In September 2021, Boston Scientific Closes the Acquisition Of Lumenis LTD. Surgical Business From Baring Private Equity Asia.
• In September 2018, Candela Corporation, a leading global aesthetic device company, announces the acquisition of Ellipse, a Danish medical device company that manufactures and markets Intense Pulsed Light (IPL) and laser-based platforms for a wide variety of medical and aesthetic skin treatments. The financial terms of the agreement were not disclosed.