Pico Laser Technology Market and Geography  

The Pico Laser Technology Market is anticipated to be valued at USD 132.8 million in 2021 and is expanded to grow at a significant CAGR of 9.2% over 2022-2028. 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. For instance, in China, market players are focused on the development of pico laser devices with price ranges between USD 50,000 to USD 80,000 which results in the adoption of devices in emerging 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.

The Pico Laser Technology Market Developments:

• 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.