Ablative Skin Resurfacing Market –An Objective Assessment Of The Trajectory Of The Market
The global ablative skin resurfacing devices market can be segmented according to laser type, source, application, end-user, and region. According to laser type, the market is segmented into fully ablative lasers and fractional ablative lasers. On the basis of source, the market is divided into carbon dioxide (C02) lasers and erbium:yttrium-aluminium-garnet (Er:YAG) lasers. On the basis of application, the market is segmented into acne scarring, traumatic and surgical scars, benign skin tumors, warts, fine lines or wrinkles, xanthelasma, rhinophyma, and others. In terms of end-user, the market is segmented into dermatology clinics, beauty centers and spas, and hospitals. On the basis of geography, the ablative skin resurfacing devices market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Globally, North America accounts for a high share of the market in terms of revenue followed by Europe. The markets in emerging countries such as China, South Korea, Brazil, and India are expected to grow significantly over the next five years; however, North America and Europe are projected to continue to dominate the market. North America is at the forefront of esthetic innovation. This is due to a majority of both established and emerging esthetic companies which are headquartered in the region or have a significant esthetic corporate presence. The marketing approvals of the FDA act as a guidepost for the country’s own decision-making processes. The high market share of the region is attributed to the higher disposable income than that of other regions and high prevalence and incidence rate of certain conditions such as acne and rosacea.