Healthcare

Lutronic

Company Profile Analysis

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Lutronic - Healthcare showcase

Year Founded & Workforce

1996-12-31

250 Employees

Industry

Healthcare

Services

L

Lutronic Overview

Company Headquarters: Massachusetts, US

Founded: 1997

Workforce: ~ 250

Company Working: LUTRONIC is a manufacturer and supplier of aesthetic medical devices. The company offers skin care products for melisma, soft tissue incision and tattoo eradication, wrinkle reduction, body and facial contouring, and melisma. The business invests a sizeable portion of its earnings on research and development, developing innovative software to investigate the prospective applications of medical lasers in urology, neurosurgery, and other surgical. specialties. The company sells skin care products online across the US and Europe. The business invests in research and development, developing innovative software to look into the prospective applications of medical lasers in the fields of urology, neurosurgery, and ophthalmology. Lutronic offers customer service to all countries. Moreover, Lutronic spends more than 15% of company revenue on R&D and has more than 270 active and pending patents worldwide. Additionally, Lutronic maintains significant production facilities in Korea, as well as locations in the US, Germany, France, China, and Japan.

Strategy

LUTRONIC aims to establish facilities and strengthen connections with local suppliers in order to grow its distribution network globally. Additionally, it also focused is to developing aesthetic medical devices. The company invests substantially in sales and marketing to ensure the success of newly announced products. In addition, the company is working to expand its footprint in new areas. Moreover, it concentrated on investing in its products, enhancing its operational infrastructure, and cultivating ties with its distributors. Furthermore, it focuses on creating products that provide distinctive features and advancements are not present on the market today.

Company Snapshot

$58.1M

Revenue

250

Employees

1996-12-31

Founded

Massachusetts, US

Headquarters

SWOT Analysis

Strengths

  • Global innovator company in aesthetic medical devices
  • Versatile range of products in aesthetic and medical lasers
  • Spends 15% of revenue for the R&D
  • 270 current and pending patents
  • Presences across the world
  • Strong distribution network
  • Third largest global player in skin rejuvenation market
  • Strong brand recognition
  • Intense research and development capabilities
  • Strong global presence in over 65 countries
  • Robust supply chain

Weaknesses

  • Less products for tattoo removal treatment
  • Limited business presence in an underdeveloped region
  • Dependence on key products

Opportunities

  • Lutronic have an opportunity to collaborate with the companies using pico+nano technology for making the lasers
  • They are well established players have an opportunity to expand their market in other regions
  • Dependence on key products
  • New product launches and expansion into untapped markets
  • Increasing demand for RF Microneedling devices

Threats

  • Different pricing policies of different market
  • Stringent norms and regulations of device manufacturing regulatory bodies
  • Regulatory and legal risks
  • Pricing pressure from governments and insurance companies

Key Developments

DateApproachDevelopment
May, 2014Product launchThe company’s products were introduced in 32nd annual meeting of Latin American Dermatologists (RADLA) held in Santiago, Chile.
May, 2014Product launchSpectra was launched in same 32nd annual meeting of Latin America Dermatologist (RADLA) which was held in Santiago, Chile. The product have four distinct Q-switched mode wavelengths – 1064 nm, 532 nm, 585 nm, 650 nm.
May, 2014Product launchIn the same 32nd annual meeting in Latin America Spectra XT was launched. The product has extended capability of clinicians with the use of two wavelengths 595nm and 660nm, to handle inflammatory and pigmented targets easily, safely and effectively.
October, 2014Product launchThe product Spectra XT was launched in European market. The product was launched in 23rd European Academy of Dermatology and Venereology (EADV). This meeting was held in Amsterdam, Netherland. The expansion was done by the company in other geographical region.
February 2019Product ApprovalThe U.S. Food and Drug Administration has approved the Lutronic Genius RF Microneedling Platform or radiofrequency microneedling. Lutronic Genius RF microneedling platform is used to reduce mild to moderate the appearance of wrinkles, scarring, and sagging skin

Product Offering

  • Lutronic
    • Laser Removal Lasers
    • RF Microneedling

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Lutronic as part of our ongoing coverage of the Healthcare sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

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