With the emergence and long-term Impact of COVID-19, Global Picosecond Lasers Market to reach USD 394.94 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on Global Picosecond Lasers Market points towards a potential rise to USD 394.94 million by 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 key factors that are fostering market demand across the globe.
Geographically, the global Picosecond Lasers market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Picosecond Lasers market is highly competitive owing to the presence of several key manufacturers such as 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, and others.
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Key findings of the study suggest:
- Global Picosecond Lasers Market is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2023-2030.
- In Technology segment, ND: YAG emerged out as the leading market segment in 2023.
- North America is anticipated to drive regional growth owing to rising use of picosecond lasers in industrial applications in the region.
- Asia Pacific is also expected to grow at higher rate during 2023-2030 owing to expansion of biomedical research within the region.
Bizwit Research & Consulting has considered following segments for the study:
By Technology:
- ND: YAG
- Alexandrite
By Application:
- Tattoo Removal
- Pigmented Lesions
- Skin Rejuvenation
- Melasma
- Others
By End-use:
- Dermatology Clinics
- Med Spas & Aesthetic Centers
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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