Pico Laser Platform Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Pico Laser Platform Market: By Region (North America, EMEA, Asia Pacific, Australia and New Zealand, Latin America) – Market Size, Competition Landscape, Opportunity, Trends, Regional Outlook, Historic and Forecast Analysis 2021 – 2028

 

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Report

Description

Pico Laser Platform Market size was valued at USD 98.4 million and projected to reach USD 385.2 million by 2028, growing with a Compound Annual Growth Rate (CAGR) of 17.1% over the forecast period 2022 to 2028. The market recorded negative growth rate in 2020 and low growth rate in 2021 due to lockdowns imposed by governments around the world, which impeded the supply chain in the manufacturing sector of medical devices. The Pico Laser Platform Market key players are focus on the development of technologically advanced Pico laser devices with cost effective prices to reach more customer base across the globe. Products from different companies have been made available with incorporation of advanced technologies. For instance, the latest generation of tattoo removal lasers that can produce picosecond pulse durations, a trillionth of a second, which help to improve tattoo clearance and reduce the total number of treatments. In addition, companies are advancing their products with various technologies to achieve better treatment results. For instance, The PicoSure from Cynosure is the first picosecond laser device launched for the treatment of tattoo removal and the treatment with PicoSure is very effective including for red and yellow pigments. Quanta Systems developed Discovery Pico device that does not cause any post-inflammatory hyperpigmentation with the use of fractional handpiece to treat acne scars. Moreover, Lumenis Ltd. launched PiQo4 – the most powerful advanced laser technology for tattoo removal and pigmentation. The device treats a wide range of pigment colours with its dual Nano + Pico technology, a combination of energy types offering the user versatility and the ability to optimize treatment parameters to maximize results.

Key Developments:

In Mar 2022, CynoSure launched new PicoSure Pro system. The PicoSure Pro has now been approved by the FDA to treat melasma and other hyperpigmentation conditions like Nevus of Ota and Hori’s nevus.

 

In Jan 2021, Candela launched Frax Pro system, the smart way to Frax. The Frax Pro system’s patented 100 percent applicator-confined diode laser technology and reductive design allow for a lightweight, flexible umbilical for a comfortable, ergonomic reach and increased treatment visibility.

Pico Laser Platform Market

MARKET SUMMARY
-
17.1%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–17.1%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Pico Laser Platform Market

  • Global market report provides a comprehensive outlook on Pico Laser Platform worldwide with specific focus on key region such as North America, EMEA, Asia Pacific, Australia and New Zealand, Latin America.
  • The report on global market gives historical, current, and future market sizes (US$ Mn) and market volumes (Units) on the basis of geography.
  • This study analyses the global market dynamics in a detailed manner to identify current trends and drivers, growth opportunities and potential challenges to the key stakeholders in the operating market.
  • In addition, PBI has analyzed the global market to better equip customers with possible investment opportunities across region and consumer unmet needs.
Key Players
  • Lumenis Ltd.
  • Candela Corporation
  • Cynosure, LLC.
  • Alma Lasers
  • Cutera, Inc.
  • Quanta System
Pico Laser Platform Market

DRIVERS AND RESTRAINTS

Growing demand for aesthetic treatment procedures and tattoo removal procedures over the forecast period is expected to fuel growth in the global market for Pico laser devices.• For example, according to a research study, 36% of US citizens aged 18-29 have at least one tattoo and 72% of tatted adults have tattoos that are hidden by their clothing. However, in USA, the tattoo removal procedures is gradually increasing, and it was increased more than 30% since 2011


Asia-Pacific Got Significant Share

Pico Laser Platform Market

In 2021, North America dominated the global Pico laser platform market followed Asia Pacific and Europe. North America contributed the more than 40% of global revenue share and the same trend is expected over the forecast years. The growth in this region can be attributed to increase in the prevalence of acne and other skin related disorders such as wrinkles, skin pigmentation, and tattoo removals. According to American Academy of Dermatology Association, approximately 50 million Americans are affecting with acne per annum. Asia Pacific contributed the second largest share and the market is burgeoning at significant CAGR owing to adoption of Pico laser treatment for melisma and hyperpigmentation. Prevalence of melisma is gradually increasing from past few years in South East Asia and approximately 0.25 to 4% of patients seen in dermatology clinics.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Pico Laser Platform Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Lumenis Ltd.
  • Candela Corporation
  • Cynosure, LLC.
  • Alma Lasers
  • Cutera, Inc.
  • Quanta System
  • Won Tech Co., Ltd.
  • EKSPLA
  • Asclepion Laser Technologies GmbH
  • Beijing HONKON Technologies Co., Ltd.
  • Lutronic

Description

Pico Laser Platform Market size was valued at USD 98.4 million and projected to reach USD 385.2 million by 2028, growing with a Compound Annual Growth Rate (CAGR) of 17.1% over the forecast period 2022 to 2028. The market recorded negative growth rate in 2020 and low growth rate in 2021 due to lockdowns imposed by governments around the world, which impeded the supply chain in the manufacturing sector of medical devices. The Pico Laser Platform Market key players are focus on the development of technologically advanced Pico laser devices with cost effective prices to reach more customer base across the globe. Products from different companies have been made available with incorporation of advanced technologies. For instance, the latest generation of tattoo removal lasers that can produce picosecond pulse durations, a trillionth of a second, which help to improve tattoo clearance and reduce the total number of treatments. In addition, companies are advancing their products with various technologies to achieve better treatment results. For instance, The PicoSure from Cynosure is the first picosecond laser device launched for the treatment of tattoo removal and the treatment with PicoSure is very effective including for red and yellow pigments. Quanta Systems developed Discovery Pico device that does not cause any post-inflammatory hyperpigmentation with the use of fractional handpiece to treat acne scars. Moreover, Lumenis Ltd. launched PiQo4 – the most powerful advanced laser technology for tattoo removal and pigmentation. The device treats a wide range of pigment colours with its dual Nano + Pico technology, a combination of energy types offering the user versatility and the ability to optimize treatment parameters to maximize results.

Key Developments:

In Mar 2022, CynoSure launched new PicoSure Pro system. The PicoSure Pro has now been approved by the FDA to treat melasma and other hyperpigmentation conditions like Nevus of Ota and Hori’s nevus.

 

In Jan 2021, Candela launched Frax Pro system, the smart way to Frax. The Frax Pro system’s patented 100 percent applicator-confined diode laser technology and reductive design allow for a lightweight, flexible umbilical for a comfortable, ergonomic reach and increased treatment visibility.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX