- North America,
- EMEA,
- Asia Pacific,
- Australia and
- New Zealand,
- Latin America
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 a negative growth rate in 2020 and a 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 focusing 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 the incorporation of advanced technologies. For instance, the latest generation of tattoo removal lasers can produce picosecond pulse durations, a trillionth of a second, which helps 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 a Discovery Pico device that does not cause any post-inflammatory hyperpigmentation with the use of a 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 colors 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.
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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
The pico laser platform market size was valued at USD 98.4 million in 2022
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).
The pico laser platform market key players are Lumenis Ltd., Candela Corporation, Cynosure, LLC., Alma Lasers, Cutera, Inc., Quanta System, Won Tech Co., Ltd.