Millennium Research Group (MRG), the global authority on medical technology market intelligence, reports that more and more physicians are offering laser procedures such as hair removal and skin rejuvenation to help maintain their incomes in the face of managed care cost reductions and increasing malpractice insurance costs. According to the new report entitled US Markets for Aesthetic Lasers 2006, patients are most likely to demand hair removal or skin rejuvenation. Laser systems for these procedures are considered "gateway" devices for physicians (such as general practitioners, obstetricians, and ear, nose, and throat surgeons) to enter the aesthetics business.
"With an aging U.S. population interested in looking younger through noninvasive, reliable, and safe procedures, many physicians are purchasing systems with skin rejuvenation capabilities," says David Plow, Senior Analyst at Millennium Research Group.
Almost 6 million aesthetic laser procedures were performed in the US in 2005, pushing revenues in this market to more than $400 million. Hair removal was the largest segment, followed by skin rejuvenation; the skin rejuvenation market will, however, grow more rapidly than the hair removal market from 2006 to 2010, eventually overtaking hair removal as the largest segment of the aesthetic laser market.
MRG's US Markets for Aesthetic Lasers 2006 report is part of the Global Markets for Aesthetic Lasers series, which includes European analysis. The series covers various key industry competitors, including Candela (CLZR), Lumenis, Cutera (CUTR), Syneron (ELOS), Palomar Medical Technologies (PMTI), Alma Lasers, Reliant Technologies, Cynosure (CYNO), Laserscope (LSCP), and Thermage.
About Skin Rejuvenation
For the purposes of this report, MRG Analysts define skin rejuvenation as a wrinkle reduction treatment. Treatment of uneven coloration -- such as spider veins, age spots, or other facial imperfections -- is often included in this term, and is considered part of skin rejuvenation.
About Millennium Research Group
Millennium Research Group (http://www.mrg.net/) is a leading provider of strategic information to the health care sector. Focused solely on the medical device, pharmaceutical, and biotechnology industries, the company provides its clients with the benefits of its specialized industry expertise through published reports and customized consulting services.
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