Global Picosecond Lasers Market is valued at approximately USD 223.1 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.4 % over the forecast period 2023-2030. Picosecond lasers are a type of ultrafast laser that emits extremely short pulses of light in the picosecond range. These lasers are useful in a wide range of scientific, medicinal, and industrial applications because of their special characteristics. The ultrafast nature of picosecond lasers enables them to deliver high peak powers in short pulses, which can interact with materials and tissues in distinct ways. The rising number of tattoo removal procedures, surging demand for precision manufacturing, increasing application in fiber optic communications, along with growing industrial applications are the key factors that are fostering market demand across the globe.
In addition, the rising awareness and inclination towards the adoption of non-invasive aesthetic treatment are further acting as a catalyzing factor for market growth across the globe. Picosecond lasers offer shorter pulse durations compared to traditional lasers help in minimizing heat buildup in the skin and lessen the risk of adverse effects. It allows patients to undergo treatments with less downtime and discomfort.
According to The Aesthetic Society, in 2021, non-surgical procedures increased by 44% compared to 2020. Also, picosecond lasers are gaining high traction in skin rejuvenation procedures, which, in turn, accelerates the market expansion during the estimated period. As per Statista, in 2021, the facial rejuvenation sector generated revenue of around USD 19.52 billion, which is projected to rise and is expected to reach USD 25.11 billion by 2026 around the world. Thus, these aforementioned factors are propelling the growth of the picosecond lasers market during the estimated period. Moreover, the rising focus on technological advancements, as well as increasing government support for the development of laser technology presents various lucrative opportunities over the forecast years. However, the high cost of picosecond laser systems and the presence of alternative technologies are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Picosecond Lasers Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising use of picosecond lasers in industrial applications, as well as the growing emphasis on technological advances in picosecond laser manufacturing by the key market players. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing demand for picosecond lasers in medical applications, expansion of biomedical research, growing trend of high-precision manufacturing processes, and development in fiber optic communications are significantly propelling the market demand across the region.
Major market players included in this report are:
- Cynosure, LLC.
- Cutera, Inc.
- Candela Corporation.
- Rohrer Aesthetics, Inc.
- Beijing ADSS Development Co., Ltd
- Fotona
- Lutronic
- El.En. S.p.A. Cod.
- Alma Laser (Sisram Medical)
- Coherent, Inc.
Recent Developments in the Market:
- In June 2022, Cynosure, LLC announced an update to its PicoSure Pro device. The device has an adjustable fluence and a 50% boost in energy to speed up patient turnover while helping to cure skin issues including undesired pigmentation and skin rejuvenation for all skin types.
Global Picosecond Lasers Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Technology, Application, End-use, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
By Application:
- Tattoo Removal
- Pigmented Lesions
- Skin Rejuvenation
- Melasma
- Others
By End-use:
- Dermatology Clinics
- Med Spas & Aesthetic Centers
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Picosecond Lasers Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Picosecond Lasers Market, by Technology, 2020-2030 (USD Million)
- 1.2.3. Picosecond Lasers Market, by Application, 2020-2030 (USD Million)
- 1.2.4. Picosecond Lasers Market, by End-use, 2020-2030 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Picosecond Lasers Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Picosecond Lasers Market Dynamics
- 3.1. Picosecond Lasers Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing number of tattoo removal procedures
- 3.1.1.2. Rising awareness and adoption of non-invasive aesthetic treatment
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of picosecond laser systems
- 3.1.2.2. Presence of alternative technologies
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising focus on technological advancements
- 3.1.3.2. Increasing government support for development of laser technology
Chapter 4. Global Picosecond Lasers Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Picosecond Lasers Market, by Technology
- 5.1. Market Snapshot
- 5.2. Global Picosecond Lasers Market by Technology, Performance - Potential Analysis
- 5.3. Global Picosecond Lasers Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
- 5.4. Picosecond Lasers Market, Sub Segment Analysis
- 5.4.1. ND:YAG
- 5.4.2. Alexandrite
Chapter 6. Global Picosecond Lasers Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Picosecond Lasers Market by Application, Performance - Potential Analysis
- 6.3. Global Picosecond Lasers Market Estimates & Forecasts by Application 2020-2030 (USD Million)
- 6.4. Picosecond Lasers Market, Sub Segment Analysis
- 6.4.1. Tattoo Removal
- 6.4.2. Pigmented Lesions
- 6.4.3. Skin Rejuvenation
- 6.4.4. Melasma
- 6.4.5. Others
Chapter 7. Global Picosecond Lasers Market, by End-use
- 7.1. Market Snapshot
- 7.2. Global Picosecond Lasers Market by End-use, Performance - Potential Analysis
- 7.3. Global Picosecond Lasers Market Estimates & Forecasts by End-use 2020-2030 (USD Million)
- 7.4. Picosecond Lasers Market, Sub Segment Analysis
- 7.4.1. Dermatology Clinics
- 7.4.2. Med Spas & Aesthetic Centers
- 7.4.3. Others
Chapter 8. Global Picosecond Lasers Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Picosecond Lasers Market, Regional Market Snapshot
- 8.4. North America Picosecond Lasers Market
- 8.4.1. U.S. Picosecond Lasers Market
- 8.4.1.1. Technology breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-use breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Picosecond Lasers Market
- 8.5. Europe Picosecond Lasers Market Snapshot
- 8.5.1. U.K. Picosecond Lasers Market
- 8.5.2. Germany Picosecond Lasers Market
- 8.5.3. France Picosecond Lasers Market
- 8.5.4. Spain Picosecond Lasers Market
- 8.5.5. Italy Picosecond Lasers Market
- 8.5.6. Rest of Europe Picosecond Lasers Market
- 8.6. Asia-Pacific Picosecond Lasers Market Snapshot
- 8.6.1. China Picosecond Lasers Market
- 8.6.2. India Picosecond Lasers Market
- 8.6.3. Japan Picosecond Lasers Market
- 8.6.4. Australia Picosecond Lasers Market
- 8.6.5. South Korea Picosecond Lasers Market
- 8.6.6. Rest of Asia Pacific Picosecond Lasers Market
- 8.7. Latin America Picosecond Lasers Market Snapshot
- 8.7.1. Brazil Picosecond Lasers Market
- 8.7.2. Mexico Picosecond Lasers Market
- 8.8. Middle East & Africa Picosecond Lasers Market
- 8.8.1. Saudi Arabia Picosecond Lasers Market
- 8.8.2. South Africa Picosecond Lasers Market
- 8.8.3. Rest of Middle East & Africa Picosecond Lasers Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Cynosure, LLC.
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Cutera Inc.
- 9.3.3. Candela Corporation.
- 9.3.4. Rohrer Aesthetics, Inc.
- 9.3.5. Beijing ADSS Development Co., Ltd
- 9.3.6. Fotona
- 9.3.7. Lutronic
- 9.3.8. El.En. S.p.A. Cod.
- 9.3.9. Alma Laser (Sisram Medical)
- 9.3.10. Coherent, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption