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.