Alexandrite Gemstone Lasers Market
Alexandrite Gemstone Lasers Market By Indication (Hair Removal, Tattoo Removal, Vascular Lesion, Pigmented Lesion), By Application (Aesthetic, Dermatology, Dentistry, Urology), By End User, By Region - Global Market Forecast 2020-2030
Global Alexandrite Gemstone Lasers Market Overview
Increasing demand for non-invasive lasers, frequent product advancements, and approvals of technology are boosting strategic activities such as collaboration and distribution agreements among manufacturers.
Companies are continuously focusing on increasing product reach in the alexandrite gemstone lasers market. To incorporate these changes, manufacturers are adopting distribution agreements as an expansion strategy for gaining maximum revenue from the existing market.
- Focus on innovation and research & development in advanced technology and refinement of existing laser devices contribute to the development of enhanced devices to meet growing consumer demand for effective and safe laser therapies.
- Advancements in laser technologies over the years have contributed to various cosmetic treatment applications, contributing to increased use of these laser devices.
Shift of focus from invasive to non-invasive treatments for hair and tattoo removal has immensely boosted demand for manufacturers operating in the laser market to expand their product portfolios, and reach out to the maximum population through mergers, acquisitions, and distribution agreements.
The COVID-19 pandemic is having a negative impact on the alexandrite gemstone lasers market, by delaying laser procedures, which is hampering the revenues of key players.
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Alexandrite Gemstone Lasers Market Insights by Indication
The alexandrite gemstone lasers market is majorly segmented into indications – hair removal, tattoo removal, vascular lesions, pigmented lesions, and others. The hair removal segment accounts for more than 35% of the global market, owing to a rise in demand for permanent hair removal treatment.
On the other hand, the tattoo removal segment is forecast to experience higher growth. Furthermore, advancements in technology in alexandrite gemstone lasers will fuel the growth of the segment during the period of forecast, making this a vaulting pocket, thereby aiding the expansion of the global alexandrite gemstone lasers market size.
Alexandrite Gemstone Lasers Market Insights by End User
Alexandrite gemstone lasers have various end users such as hospitals, laser treatment centers, specialty clinics, and ambulatory surgical centers. Hospitals account for a leading position (over 40%) in the market when it comes to demand, due to increasing need of cosmetic laser procedures.
On the other hand, laser treatment centers is the fastest-growing segment in the alexandrite gemstone lasers market.
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Regional Outlook of Alexandrite Gemstone Lasers Market
The alexandrite gemstone lasers market is segmented on the following regions - North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
North America is the dominant region that occupies over 25% of the global alexandrite gemstone lasers market share, based on factors such as growing demand for aesthetic laser and dermatology laser procedures, product penetration across the region, and increasing burden of skin problems, among others.
These factors act as strong drivers for the market in this region. Europe occupies most of the alexandrite gemstone lasers market after North America, at 20% share.
The alexandrite gemstone lasers market in the South Asia region is likely to witness significant growth due to an increase in the population and rising awareness for dermatology treatments in the region.
Alexandrite Gemstone Lasers Market: Key Players
The alexandrite gemstone lasers market is moderately consolidated in nature. It has several key players operating in the market, out of which, leading companies are Alma Lasers, Cynosure, Inc., and Candela. These companies have sound product portfolios, business strategies, and recent developments.
Other players in the market are Quanta Systems, Asclepion Laser Technologies, Lutronic Corporation, and Bison Medical, Lumenis, among others. These key players have adopted various strategies such as collaboration with healthcare institutes for the research & development of products, facilitating advanced technologies and increased competition in the market.
The Analyst’s Viewpoint
“Key players should invest in emerging markets along with developed markets of alexandrite gemstone lasers. Key players need more R&D investments in order to come up with advanced technologies, which could prove to be a crucial driver for the market, besides allowing them to gain more profits.”
COVID-19 Impact on Alexandrite Gemstone Lasers Market
The COVID-19 disease has had a significant negative impact, globally, from a business standpoint. The alexandrite gemstone lasers market also has been hampered due to the shutting down of manufacturing plants as well as slow down of aesthetic laser procedures worldwide.
Furthermore, due to the threat caused by the pandemic, there has been considerable decrease in demand for these products, worldwide. Hospitals and laser treatment centers have also shown significant decrease in demand of alexandrite gemstone lasers procedures, as the priority right now is combatting the spread of COVID-19.
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Alexandrite Gemstone Lasers Market: About the Report
Fact.MR published an exclusive forecast report on the alexandrite gemstone lasers market for 2020 to 2030. The foremost objective of this report on the alexandrite gemstone lasers market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market.
Also, the study addresses key dynamics that are expected to diversify the sales and future prominence of alexandrite gemstone lasers.
The report on the alexandrite gemstone lasers market begins with an executive overview, in which, summary of the report and recommendations have been provided. The report further proceeds with the taxonomy of the alexandrite gemstone lasers market, elaborating on key segments.
Also, the report outlines visionary insights on the dynamics of the alexandrite gemstone lasers market, including the drivers, restraints, opportunities, and trends, along with the key buying factors.
Value chain analysis and key regulations of the alexandrite gemstone lasers market have also been included in the report, to help readers clearly understand the product framework map in the alexandrite gemstone lasers market space.
Key Segments of Alexandrite Gemstone Lasers Market
Fact.MR’s study on the alexandrite gemstone lasers market offers information divided into four important segments — indication, application, end user, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
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