Hyperpigmentation refers to darkening or discoloration of the skin due to higher levels of melanin than normal. Hyperpigmentation can be caused by inflammation, sun damage, or other skin injuries, including those related to acne vulgaris. People with darker skin tones are more susceptible to hyperpigmentation, especially with excess sun exposure. Hyperpigmentation disorders include post-inflammatory hyperpigmentation (PIH), melasma, and sun lentigines. Sun damage, also called sun lentigines, is a major cause of hyperpigmentation which occurs due to continuous exposure to harmful ultra violet rays from sun and causes small dark spots on the skin. Hormonal change due to pregnancy, excessive estrogen production, and use of birth control pill can also cause hyperpigmentation. It is called melasma, which is chronic and relapsing. Post inflammatory hyperpigmentation is caused due to skin conditions such as injury, acne, trauma & burn, and post-surgery spots.
The global hyperpigmentation treatment devices market is projected to grow at a rapid pace during the forecast period. Rise in prevalence of hyperpigmentation disorders leads to an increase in the number of people undergoing diagnosis in the form of topical drugs or laser and treatment using techniques such as microdermabrasion and light therapy. This, in turn, is expected to increase the uptake of hyperpigmentation disorder drugs and procedures, thereby driving the global hyperpigmentation treatment devices market. Additionally, adoption of laser-based devices is increasing due to widening utility of laser devices. Laser-based devices are used to treat skin photo damage, hyperpigmentation, removal of unwanted hair, acne, wrinkles, tattoo removal, facial vein removal, and body contouring. Moreover, rise in prevalence of skin-related problems such as acne, sun damaged skin, scars, and stretch marks increases the utilization of minimally invasive, non-surgical, device-based skin resurfacing procedures. This is likely to boost the growth of the global hyperpigmentation treatment devices market. However, risk of post inflammatory hyperpigmentation due to the use of laser and light-based devices and lack of reimbursement by insurance companies for skin resurfacing procedures restrain the global market.
The global hyperpigmentation treatment devices market can be segmented based on, product type, end-user, and region. In terms of product type, the hyperpigmentation treatment devices market can be bifurcated into single roller pump and double roller pump. Based on end-user, the global hyperpigmentation treatment devices market can be divided into hospitals and ambulatory surgical centers.
In terms of region, the global hyperpigmentation treatment devices market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Each region can be divided into specific countries/sub-regions such as the U.S., Canada, the U.K., Germany, Brazil, China, India, and GCC Countries. North America dominated the global hyperpigmentation treatment devices market in 2017 because of increase in the geriatric population resulting in high demand for skin resurfacing and removal of dark spots from hyperpigmentation in the U.S. According to American Society for Plastic Surgeons’ Plastic Surgery Statistics report, photo rejuvenation, also known as intense pulse light (IPL) therapy, is the fourth most popular non-invasive cosmetic procedure for skin resurfacing (includes hyperpigmentation) in the U.S., with around 667,561 procedures performed in 2017. Asia Pacific is expected to be a highly attractive hyperpigmentation treatment devices market during the forecast period due to increase in health care awareness and rise in demand for advanced medical technology.
Key players operating in the global hyperpigmentation treatment devices market are Cutera, Inc., Hologic, Inc., Syneron Medical Ltd., Lutronic Corporation, Lumenis Ltd., AMI, Strata Skin Sciences, Inc., Alma Lasers, Ltd., BISON MEDICAL, Solta Medical, Inc., EL.En. S.p.A., Sciton, Inc., Lynton Lasers Ltd., and Fotona d.o.o., among others. These players have adopted strategies such as collaborations, agreements, partnerships, and new product launches to gain a competitive advantage in the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.