as increasing aesthetic awareness and growing prevalence of pigmented lesion. According to Skin
Cancer Foundation, yearly over 5.4 million cases of non-melanoma skin cancer are reported in the
U.S. and over 3.3 million people receive treatment, which in turn favors growth of pigmented lesion
treatment market in North America. Pigmented lesion treatment market in Asia Pacific is expected
to witness high growth owing to factors such as increasing government support for treatment of
lesion. For instance, the New South Wales (NSW) Government selected 12 innovative tech start-ups
to exhibit at CeBIT Australia. Among these companies, Dermaspec, which is a high-quality, color
calibrated low-cost camera for dermatoscopic imaging of pigmented skin lesions. at a modest cost,
which in turn will favor the growth of pigmented lesion market in Asia Pacific region.
Furthermore, the growth of Asia Pacific is supported by the Syneron Medicals Ltd. revenue of 2016
as the North America product revenue of the Syneron was up approximately 20% Y-o-Y, Asia-
Pacific product revenue was up approximately 25% Y-o-Y, and EMEA region product revenue was
up approximately 9% Y-o-Y.
Increasing competition in the product space is driving innovation in treatment systems, which
is expected to fuel growth of the global pigmented lesion treatment market
In September 2017, Fotona — a company based in the U.S. and Europe — received FDA clearance
for its new StarWalker MaQX Q-Switched laser system for treating tattoos, pigmented and vascular
lesions, acne and scar revision, and even for permanent hair reduction. Such constant product
approval increases the competition between key market players in pigmented lesion treatment
market.
Key players operating in the global market of pigmented lesion treatment market include Lutronic
Corporation, Fotona d.d., Alma Lasers, Ltd., EL.En. S.p.A., Solta Medical Inc., Cynosure, Inc.,
Syneron Medical Ltd., Sciton, Inc., Cutera Inc., Lumenis Ltd., Strata Skin Sciences, Inc., and
Lynton Lasers Ltd.
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