How Will Changing Trends Impact the Alexandrite Gemstone Lasers Market
Product launches in the alexandrite gemstone lasers market are precisely governed by positive regulations whose approval is required for any. Over the last few years, leading players in the alexandrite gemstone lasers market have established regulatory approvals across the globe, which has facilitated them to launch various products in the market. The launch of new products brings in new technology, which provides improved results to patients and eases treatment procedures.
- In 2020, Bioson Medical launched the Accento N dual wavelength laser for hair removal and pigmented lesions.
- In 2018, Lumenis launched SPLENDOR X — a solid state laser system equipped with the unique BLEND X technology for fast and effective hair removal and skin solutions.
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In addition, manufacturers in the alexandrite gemstone lasers market are highly engaged in various industry consolidation activities such as mergers, acquisitions, and collaborations to increase their product range and distribution network, which creates huge growth opportunities for the market growth.
- In June 2018, Alma Lasers completed the acquisition of Vertiflex, Inc., a privately-held company that developed and commercialized the superion indirect decompression system.
According to Fact.MR, the global alexandrite gemstone lasers market is estimated to expand twofold to be valued at US$ 285 Mn by 2030-end.
Key Takeaways from Alexandrite Gemstone Lasers Market Study
- By indication, tattoo removal is the fastest-growing segment in the alexandrite gemstone lasers market, owing to rising tattoo regret.
- North America and Europe collectively hold over 45% of the global alexandrite gemstone lasers market share, owing to growing research and production activities in alexandrite gemstone laser manufacturing industries.
- Based on end user, hospitals account for more 40% of the global alexandrite gemstone lasers market value share. Laser treatment centers are expected to grow at the highest rate in alexandrite gemstone lasers market.
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- Demand for alexandrite gemstone lasers in Europe and East Asia is also projected to surge at a significant rate during the forecast period.
- The COVID-19 pandemic has resulted in the postponement of most non-essential medical procedures across the world, which will hamper the progress of the alexandrite gemstone lasers market in the short term.
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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“Rising adoption of aesthetic treatments and increasing consumer spending on cosmetic procedures are some of the factors anticipated to favor the growth of the global alexandrite gemstone lasers market,” says a Fact.MR analyst.
Shift from Invasive to Non-Invasive Procedures Surging Market Growth
Growing awareness among people about non-invasive surgeries, ease of operation by using non-invasive devices, lesser side effects compared to invasive surgeries, less post-operative pain, reduced hospital stay, and faster recovery are a few factors contributing to increasing demand for non-invasive procedures. As a result, patients are switching to and preferring non-invasive treatments over invasive surgeries. This has resulted in an increase in the number of non-invasive dermatological procedures, particularly in aesthetic procedures, over the years.
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