The Global Hyperpigmentation
Treatment Devices Market, by Product Type (Laser Devices (Q-Switch Lasers,
Non-Ablative Fractionated Resurfacing Lasers, Ablative Fractionated Resurfacing
Lasers, and Picosecond Lasers), Intense Pulsed Light Devices, Radiofrequency
Devices , LED Devices, and Others), by End User (Dermatology Clinics, Beauty
Centers, and Others), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa) was valued at US$ 1150 Mn in 2017 and is
projected to exhibit a CAGR of 7.2% over the forecast period (2018 – 2026).
Hyperpigmentation is one of the
most common skin problems across the globe. According to a study published in
the journal Dermatology Therapy in September 2017, melasma, which is a severe
hyperpigmentation condition caused due to hormonal changes, has prevalence in
the range of 1% to 50% worldwide. When effective results are not obtained by
using topical treatments, device-based therapies are preferred by
dermatologists. According to 2017 Plastic Surgery Statistics Report by the
American Society for Plastic Surgeons, around 161,670 ablative and 426,233
non-ablative laser skin resurfacing procedures were performed in the U.S. in
2017. According to the same source, around 740,287 microdermabrasion procedures
were reported in 2017. Such high number of device-based procedures are expected
to drive growth of the hyperpigmentation treatment devices market. Furthermore,
increasing aging population worldwide, especially in developed economies and
increasing disposable income of population in emerging economies such as China,
India, and Brazil are expected to fuel growth of the market. According to the
International Society of Aesthetic Plastic Surgery (ISAPS) report, in 2016,
Brazil, India, Turkey, Russia, and China were amongst the top 10 countries in
device-based cosmetic procedures worldwide.
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New product launches and
acquisitions by key players are expected to drive growth of the hyperpigmentation
treatment devices market
Key players are launching
innovative products in the hyperpigmentation treatment devices market, in order
to maintain their dominant position in the market. For instance, in July 2018,
Candela Corporation was granted with the U.S. Food and Drug Administration
(FDA) clearance for its Vbeam Prima, which is an advanced 595 nm pulsed dye
laser that can be used for the treatment of various skin conditions such as
hyperpigmentation. In April 2017, BISON MEDICAL’s CYMA clinic CO2 laser system
was granted with 510(k) clearance from the U.S. FDA. It opened up strong market
such as U.S. for this system. In January 2018, Cutera, Inc. launched Juliet and
Secret RF to its product offerings of laser- and energy-based devices. Market
players are acquiring companies to widen their product portfolio and expand
their geographical presence. In March 2017, Hologic, Inc. acquired Cynosure,
Inc., which is a developer, manufacturer, and supplier of wide range of
light-based aesthetic and medical treatment systems.
Browse 25 Market Data Tables and
29 Figures spread through 167 Pages and in-depth TOC on “Hyperpigmentation
Treatment Devices Market - by Product Type (Laser Devices (Q-Switch Lasers,
Non-Ablative Fractionated Resurfacing Lasers, Ablative Fractionated Resurfacing
Lasers, and Picosecond lasers), Intense Pulsed Light Devices, Radiofrequency
Devices, LED Devices, and Others), by End User (Dermatology Clinics, Beauty
Centers, and Others), and by Region
(North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)”.
Key Takeaways of the Hyperpigmentation
Treatment Devices Market:
The global hyperpigmentation
treatment devices market is expected to exhibit a CAGR of 7.2% over the
forecast period, owing to increasing adoption of minimally invasive skin
procedures using various devices such as laser device and IPL devices
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Report: https://www.coherentmarketinsights.com/market-insight/hyperpigmentation-treatment-devices-market-2017
Among product type, intense pulse
light devices segment is expected to hold dominant position due to higher
number of procedures performed annually using these devices. However, laser
devices segment is expected to exhibit high CAGR over the other products due to
several new product launches by key players and faster adoption of these
devices by dermatologists. In the near future, laser devices would surpass IPL
devices for use in hyperpigmentation treatment.
Among end users, dermatology
clinic segment is expected to account for largest market share due to the
expertise they carry in treating severe form of hyperpigmentation and
affordability for costlier laser-based devices
North America is expected to be
the dominant region in the hyperpigmentation treatment devices market, followed
by Latin America. According to the International Society of Aesthetic Plastic
Surgery (ISAPS) report in 2016, S. accounts for 10% of the overall cosmetic
procedures in the world. Also, key players are launching new products in the
market, which is expected to propel growth of the market in the region.
Furthermore, Asia pacific is expected to exhibit highest CAGR due to awareness
about device-based treatment of hyperpigmentation and availability of skilled
human resource.
Key players operating in the
global hyperpigmentation treatment devices market include Syneron Medical Ltd.,
Hologic, Inc., Lutronic Corporation, Alma Lasers Ltd., AMI, Venus Concept,
Lumenis Ltd., Strata Skin Sciences, Inc., BISON MEDICAL, Cutera Inc., Solta
Medical Inc., Lynton Lasers Ltd., and
Sciton, Inc.
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