According to iData Research’s U.S. market for aesthetic laser and light therapy devices market report, the reduced recovery time associated with fractional laser therapy is an appealing alternative for patients compared to ablative therapy and chemical peels
According to a report by iData Research, the total U.S. market for aesthetic laser and light therapy devices market is expected to experience over 15% growth by 2019. This growth can be attributed to the increased demand for fractional laser systems, used for skin resurfacing procedures. This market represents close to half of the total aesthetic laser and light therapy market and is projected to experience a higher growth rate than the overall market by 2019
Fractional laser system treatments have replaced chemical peel procedures, which are used to treat scars, wrinkles and correct pigment changes. “Their popularity can be attributed to the decreased recovery time compared with conventional ablative therapy,” says Dr. Kamran Zamanian, CEO of iData. U.S.
This market is led by Solta Medical, which was recently acquired by Valeant for $236 million in quarter one of 2014. Solta Medical’s Fraxel®, was a revolutionary fractional laser treatment to resurface the skin and address sun damage and unwanted pigmentation. Other key as well as notable competitors in U.S market for aesthetic laser and light therapy devices marketinclude Syneron, Cynosure, Palomar, Cutera, Lumenis and Ellman International Inc.
Other key findings from the U.S market for aesthetic laser and light therapy devices market report
In the laser device market, both are the products and techniques are individually branded. This is done in order to create consumer interest to undergo treatment. Because the internet plays such a large part in modern direct-to-patient marketing, a branded procedure creates a stronger identity than a procedure that requires a lengthy explanation.
Technological advancements in aesthetic laser and light devices will allow physicians to offer their patients more noticeable and favorable results, as demonstrated by Syneron’s ELOS™ technology,which uses radiofrequency energy in combination with its laser technology.
Patient fees can be as high as $2,500 per treatment, and the busiest offices can potentially recoup the purchase cost of a system within a year. In high-volume practices, the laser systems are often operated by assistants under the supervision of the attending physician; this increases the patient flow capacity for the practice, as the number of patients who can be treated simultaneously increases.
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U.S market for aesthetic laser and light therapy devices market report includes IPL device, laser lipolysis, full-field laser devices, fractional laser devices, diode laser devices, skin-tightening devices, and refurbished laser devices.
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