Laser Resurfacing Devices Market predicted to grow with a CAGR of 7.2% by 2027
The global Laser Resurfacing Devices Market was estimated at USD 217.3 million in 2019, with a compound annual growth rate (CAGR) of 7.2 percent predicted from 2020 to 2027. The market is expected to be driven by a rising global fixation with flawless skin and a high incidence of skin problems such as acne, wrinkles, and skin pigmentation.Furthermore, technological developments in laser devices are expected to greatly increase the usage of these devices by broadening their application reach. Furthermore, an increase in disposable personal income is one of the major factors driving the market for Laser Resurfacing Devices
Acne vulgaris is one of the most common skin disorders, affecting almost 9.4% of the global population, according to a study published in the electronic physician (2018). Furthermore, nearly 80.0 percent of girls and around 90.0 percent of males are affected by this skin disorder, with adolescents being the most vulnerable. It is expected that a high prevalence of such skin disorders will stimulate market growth.
Furthermore, the social stigma associated with skin diseases, as well as psychological and emotional concerns, are expected to fuel the market for skin resurfacing. Acne scars, acne, and melasma, for example, can cause anxiety, sadness, and emotional anguish, compromising an individual's social functioning and quality of life severely.These psychological difficulties are expected to lead to people seeking remedial cosmetic treatments like laser resurfacing, which would drive the market.
The efficiency and safety of these devices have improved since the development of technologically advanced noninvasive laser therapy. The development of laser systems with built-in diagnostic technologies like optical coherence tomography or pigment metres, for example, has streamlined the process of determining patient-specific resurfacing settings, thus enhancing patient outcomes.
The Laser Resurfacing Devices Market is expected to be driven by the considerable influence of social and mainstream media on beauty standards. According to a BBC Future article, photo-based social media activities, such as scrolling through Instagram or publishing photographs on other social media platforms, tend to raise body dissatisfaction. This, in turn, fuels demand for cosmetic surgery by increasing unhappiness with one's looks.
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