PIGMENTED LESION TREATMENT MARKET ANALYSIS

Regional Analysis

Asia Pacific is expected to show significant growth in the pigmented lesion treatment market over the forecast period

On the basis of region, the global pigmented lesion treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account for the largest share, followed by Europe and Asia Pacific, respectively over the forecast period. Growth of the pigmented lesion treatment market in North America is driven by factors such 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.