A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global pigmented lesion treatment market. Presenting exclusive insights into the market from 2017 to 2022, the report projects that the market will witness notable growth during the forecast period. Skin pigmentation is a condition in which black, brown, or lesions appear on the skin, due to the imbalance of melanin, blood, and exogenous pigments. In severe cases, pigmented lesions lead to skin cancer. On this premise, the need for effective pigmented lesion treatment procedures is on the rise. The growth of the market is principally driven by increasing cases of pigmented lesions, growing adoption of non-invasive procedures, and an increasing number of geriatric consumers across the world. Furthermore, the emergence of innovative treatments and medications, with minimal side-effects, is also complementing the growth of pigmented lesions treatment market.
Availability of Technologies and Increased Spending by Consumers to Spend Propel Demand for Pigmented Lesion Treatment
The need for pigmented lesion treatment has increased in the recent past owing to the high prevalence of skin disease, coupled with a high incidence among old-age groups. The intake of toxic substances through smoking and drinking has been one of the major causes of the disease. Furthermore, the increasing adoption of synthetic cosmetic products is also giving a boost to the market growth. Similarly, patients are exhibiting inclination towards minimally invasive treatments, such as laser treatment, and this is expected to generate lucrative revenue opportunities to players in the pigmented lesion treatment market. The availability, effectiveness, and affordability of a wide range of laser technologies for the treatment of pigmented lesions are expected to complement the market growth. Moreover, numerous innovative medications and treatment options have been introduced in the recent past, and such procedures are gaining prominence equally among patients and dermatologists for their safety, reliability, and lack of side-effects. On the other hand, side-effects associated with laser treatment, such as itching, redness, and swelling of the skin, and the probability of hyperpigmentation, scarring, blistering, etc. is expected to hold back the market growth to an extent.
North America Remains Center of Global Market
North America is anticipated to remain the dominant geography for pigmented lesion treatment, on the back of increasing consumer awareness, availability of effective skincare treatments, and advanced healthcare infrastructure. Moreover, high levels of disposable incomes among consumers, an increasing number of geriatric population, and willingness among them to spend for skincare treatments to retain their young appearance are also serving as a growth catalyst. The region is also aided by the strong presence of major market players.