Picosecond Lasers Market Size, Share, Growth, and Industry Analysis, By Type (Below 50W, 50-100W, and Above 100W), By Application (Scientific Research and Military, Medical and Aesthetic, Micromachining/Material Processing, and Other), Regional Insights, and Forecast To 2032

Updated On: 15 April 2024

Picosecond Lasers Market Report Overview

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The global picosecond lasers market size was USD 2078.7 million in 2022 and market is projected to touch USD 14217.5 million by 2032 at CAGR 21.2% during the forecast period.

Picosecond lasers is a device used for laser treatments due to various reasons such as skin treatment, tattoo removal, and hair removal. This laser is quite effective compared to other lasers, as these lasers use an extremely short duration pulse to get rid of endogenous pigmentation and other exogenous ink linings too. It is mostly used for amateur or permanent tattoo and make up removal activities. These lasers are better solutions for such problems. It proves its effectiveness and efficiency and is anticipated to be a better replacement for previously used lasers.

Picosecond lasers market is to propel growth as the demand for aesthetic skin treatment has increased. Increasing obesity in people is leading to various skin problems which calls for advanced treatments. The laser technology is continuously developing its technological innovation. All these factors are the reason for increased picosecond lasers market share and revenue systems resulting in progressing market growth.

COVID-19 Impact: Lockdowns and Business Shutdowns to Affect the Market Growth 

The pandemic affected economic restrain and restructuring also various industries as well in many countries due to lockdowns, travel restrictions, and business shut downs. These shut downs majorly affected supply chains across the globe and negatively impacted the manufacturing of products, global sale margin and also delivery time schedule. Few large scale production companies announced further delay of product services in advance during the lockdown period. All these factors together affected the demand for this product and resulting in declining picosecond lasers market growth and share worldwide. Situations have been handled well since post-pandemic period and are expected to progress more during the forecast period.

Latest Trends

"Rise in Skin Problems Due to Obesity Issues to Increase Market Shares"

According to report analysis it is anticipated that this market at faster pase during the forecast period. Obesity is a health issue challenging the world at large. The unhealthy lifestyles of the people are to be the major reason for obesity. This health issue causes serious skin problems in humans which needs advanced level treatment and facilities. This unfortunate situation is proving to be a boon for the picosecond lasers market growth as the demand for these lasers have been witnessed to be increasing now more than ever.

Picosecond Lasers Market Segmentation

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•  By Type Analysis

According to type, the market can be segmented into Below 50W, 50-100W, and Above 100W amongst which 50-100W is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Scientific Research and Military, Medical and Aesthetic, Micromachining/Material Processing, and Other amongst which medical and aesthetic is expected to be the leading segment.

Driving Factors

"Development in Medical Industry for Skin and Eye Care to Proliferate Market Growth "

The market for aesthetic lasers is also being stimulated by the rising popularity of radiofrequency-based skin therapies. In addition to being fully non-invasive, radiofrequency-based devices like Picoway, LaseMD, FraxPro, and Pixel CO2 have shown to be useful in treating a variety of skin disorders. Candela Medical's PicoWay is a picosecond laser platform that produces extremely brief pulses with high peak power for a photoacoustic effect. Tattoo removal, skin rejuvenation & toning, and pigmented lesions are all treated with the platform. These factors are driving the picosecond lasers market growth altogether

"Advancing Technology to Augment the Market growth"

Greater treatment outcomes and high patient satisfaction have been produced as a result of technological improvement in the field of laser technology. For instance, Lumenis revealed the Stellar M22, a revolutionary platform for intelligent skin, in March 2020. It is a multi-application platform designed to treat more than 30 different skin disorders, including vascular lesions, uneven skin tone, acne, sagging skin, and hair removal. Because it can safely and successfully treat a variety of symptoms in patients of various skin types, and genders, this device is becoming more and more popular among practitioners. Picosecond lasers are proving to be most useful and hence driving the market growth.

Restraining Factors

"Lack of Knowledge About Picosecond Lasers to Restrain the Market Growth"

As fast as this market growth is advancing, it may also face some serious restrains. Skin therapy and other aesthetic therapies are practiced everywhere across the globe but the usage of advanced technology and product range is not found everywhere. Developing nations might not be aware of these technological advancements and the innovation of picosecond lasers which may affect its demand, production and supply chain as well. It may also result in a market share fall and declining market growth. Measures should be taken for this damage control or it may drastically decrease the picosecond lasers market growth expansion rate.

Picosecond Lasers Market Regional Insights

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"North American Region to Dominate the Market Worldwide"

Due to the growing use of lasers in a variety of applications, including medical, industrial, aerospace & defense, among others, the North American picosecond laser market is anticipated to have a leading share over the projected period. Due to its dominance over other countries in this region, the US was one of the most developed regions in terms of infrastructure development and technological adoption.

Through the application of picosecond lasers across end-user industries, the European area had a share and is anticipated to expand significantly during the projection period. Due to its sophisticated infrastructure development, the region has become a hub for manufacturers of high-performance parts for the automotive, aerospace, and heavy machinery industries. This demand from end-user industries will favorably effect total regional growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Trumpf (Germany)
• Coherent (U.S.)
• MKS Instruments (Spectra-Physics) (U.S.)
• IPG Photonics (U.S.)
• NKT Photonics (Denmark)
• Lumentum (U.S.)
• EKSPLA (Lithuania)
• Grace Laser (China)
• YSL PHOTONICS (China)
• Wuhan Huaray Precision Laser (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.