Photorejuvenation Market is segmented By Product (Intense Pulsed Light, LED Equipment, Laser Equipment, By Modality (Standalone, Portable), By End-User (Hospitals, Dermatology Clinics, Home Care Settings, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis 2024-2031.
Market Size
Photorejuvenation market is growing at a CAGR of 7.2% during the forecast period (2024-2031).
Photorejuvenation is a skin treatment that uses lasers, strong pulsed light, or photodynamic therapy to treat skin conditions and remove effects of photoaging such as wrinkles, spots, and textures. The procedure induces controlled wounds on the skin, prompting it to heal itself by creating new cells. The use of photorejuvenation therapy is very extensive and often used as an alternative for expensive skin treatments such as plastic surgery. Photorejuvenation based skin treatments are used broadly in various skin diseases.
Market Scope
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Metrics |
Details |
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Market CAGR |
7.2% |
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Segments Covered |
By Product, By Modality, By End-User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Market Dynamics
The global photorejuvenation market growth is driven by the growing awareness among the population about non-invasive surgeries with reduced side effects when compared with other surgeries is also increasing the adoption of photorejuvenation.
The growing burden of skin diseases is expected to drive the market growth in the forecast period
The growing burden of skin diseases and the rising preferences of people towards non-invasive procedures is key contributors to the market growth. According to the Institute of Health Metrics and Evaluation, 2017, skin diseases contributed to around 1.76% of the total global burden of diseases. Skin disorders largely depend on age, as age increases the risk of acquiring skin disorder also increases. Some of the reasons include changes in the connective tissue, reduction in the skin's strength and elasticity, and reduction in secretions from sebaceous glands.
Moreover, with the growing prevalence, tattoos and hair removal and wrinkle reduction have also become progressively popular in recent years, which has further increased the demand for aesthetic devices in the number of dermatology clinics. Massive demand for laser, Intense pulsed light (IPL), and LED devices are seen in these end-use settings has driven the market growth.
The minimally invasive nature of these procedures is expected to drive the market growth
The major factors attributing to the growth of the market are the minimally invasive nature of these procedures followed by the low cost of the procedures in comparison with other surgeries. In addition, low turnaround time coupled with few side effects will drive the market growth. The growing desire to stay and look young among the ageing population and the increasing geriatric population are some of the other factors boosting the growth of this market. Furthermore, nearly 85% of people aged between 12 and 24 experience acne. The commonly used non-invasive treatment for acne scarring is laser resurfacing. The effectiveness of photorejuvenation equipment is widely accepted in dermatology for the treatment of a variety of cutaneous conditions. Thus, the rising prevalence of such skin problems is triggering the growth of the global photorejuvenation market over the forecast period.
High treatment cost and adverse side effects related to the photorejuvenation equipment is likely to hinder the market growth
However, high treatment costs and adverse side effects related to the photorejuvenation equipment may hamper the growth of the global photorejuvenation market. Treatment with photorejuvenation equipment, including surgeries and non-invasive treatments, are associated with high costs making them inaccessible to people in the low middle-income groups. Also, non-invasive treatments with photorejuvenation require a series of sessions to achieve the desired result, which results in a high overall cost of the treatment. Furthermore, the duration of treatment, number of sessions and the cost of treatment depend on the area being treated. These factors are directly responsible for dropping the growth of the global photorejuvenation market.
COVID-19 Impact Analysis On Photorejuvenation Market
The COVID-19 pandemic has had a significant negative impact on the global health economies. As health care resources have been prioritised to cater for patients affected by COVID-19, routine health care services have remained suspended. In an effort to slow the spread of SARS-CoV-2 virus, governments across the world have introduced a country-wide lockdown. Since then, clinics offering laser and intense pulsed light services have remained closed for business. As the rate of COVID-19 infection slows, the government has issued guidance for the lifting of the lockdown in a cautious and phased manner.
Market Segment Analysis
The intense Pulsed Light segment is expected to grow at the fastest CAGR during the forecast period (2024-2031)
Intense pulsed light uses a high-intensity light source that emits non-coherent and polychromic light in photorejuvenation in this segment. It is one of the most widely used devices in photorejuvenation therapy for treating various skin conditions. Features like advanced cooling methods, large treatment spot size, rapidity of treatment, minimal collateral tissue injury, intense pulsed light are considered as the preferred treatment of facial telangiectasias, rosacea, and pigment on the chest, face, and hands. One of the main advantages of this device is its larger pore size which allows treatment of various skin conditions simultaneously. Furthermore, photorejuvenation is seen as one of the effective therapy for treating skin cancer. According to Globocan, 2018, malignant melanoma is increasing at the rate of around 3% -7% in many European countries and 2.6% in the United States. Hence, the growing burden of skin disease and the benefits of intense pulsed light is expected to drive the market growth in this segment.
The hospital is expected to dominate the photorejuvenation market during the forecast period
The hospital held the largest share in the photorejuvenation market. This is mainly owing to the increasing number of patients suffering from conditions that are treated in hospitals equipped with advanced infrastructure and adequate facilities. Moreover, the growing number of hospitals along with adequate reimbursement policies is also contributing to the growth of this segment.
Market Geographical Share
North America region holds the largest market share global photorejuvenation market
North America region is dominating the global Photorejuvenation market accounted for the largest market share in 2020. The regional growth is majorly attributed due to the presence of established manufacturers with robust product offerings. Also, technological advancements and affordability of photorejuvenation treatment among the general population are further anticipated to drive the NorthAmerica photorejuvenation market growth. As per the data of the U.S. Census Bureau, in 2018, around 52 million people are aged 65 years and above. Furthermore, according to the American Journal of Managed Care (AJMC), 2017, the prevalence of atopic dermatitis in children were found to be around 10.7% while in adults it was accounted to be around 7.2% in the United States. Photorejuvenation therapy is one of the majorly used therapy for treating skin conditions and hence, it is expected to drive market growth.
Market Companies and Competitive Landscape
The photorejuvenation market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Hologic Inc. (Cynosure, Inc.), Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Cutera, Inc., Lutronic Corporation, Beijing Nubway S & T Co., Ltd, and others among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the photorejuvenation market globally.
Syneron Medical.
Overview: Syneron Medical Ltd. develops and markets devices for cosmetic surgery. The Company medical-aesthetic treatments devise for body contouring, hair removal, and wrinkle reduction. Syneron Medical serves customers worldwide.
Product Portfolio:
Pigmented lesion treatment laser: The Laser has a 595 nm wavelength that deeply penetrates the skin to reach targeted blood vessels. Its energy is absorbed by oxyhemoglobin to coagulate and clear vessels with more tolerability and fewer instances of melanin absorption.
Vascular lesion treatment laser Vbeam Perfecta: The Vbeam Perfecta is the pulsed-dye laser. Whether treating pigmented or non-pigmented lesions, this laser device can be used to treat patients with minimal adverse side effects. This unit will help to improve patient care while also increasing your bottom line.
