The report is titled as ‘Photorejuvenation Equipment Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the photorejuvenation equipment market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The photorejuvenation equipment market is expected to grow at a significant rate in the near future.
The global photorejuvenation equipment market in 2020 is estimated for more than US$ 2.0 Bn and expected to reach a value of US$ 3.4 Bn by 2028 with a significant CAGR of 6.4%.
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Photorejuvenation Equipment Market Dynamics
The increasing prevalence of skin diseases, desire to look younger among elderly people, and the mounting count of geriatric population are the major driving factors favoring the market growth.
In addition, the growing numbers of working women across the globe, increasing awareness about photorejuvenation devices, elevating per capita income, and the rising demand for the minimally invasive nature of these procedures are some other factors that are expected to fuel the market growth during the upcoming years.
Besides, the cost-effective process linked with photorejuvenation systems, low turnaround time, and the growing demand for combination therapy for hair and tattoo removal also aids in boosting the demand for such type of advanced equipment.
Supportive regulatory approvals for the launch of new and advanced products in the market coupled with the Increasing healthcare expenditure also fuels the market growth of photorejuvenation equipment globally. For instance, DEKA M.E.L.A. SRL received KFDA (Korean Food and Drug Administration) approval to launch the new Alexandrite system MOTUS AX in South Korea in 2018. moreover, In June 2019, Lumenis showcased a wide range of new technologies for hair, skin, body, and women’s health applications at WCD.
The increasing number of product launches in the medical aesthetics industry will contribute towards market growth. On the other hand, the side effects associated with Photorejuvenation Treatment like the darkening of skin tone, absorption of excess laser light resulting in skin discoloration and blistering, high cost linked with aesthetic devices, and sometimes unrealistic expectation of consumers are likely to restrict the Photorejuvenation Equipment market growth.
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Photorejuvenation Equipment Market Segmentation
The global photorejuvenation equipment market is segmented on the basis of type, technology, application, and by region.
By Type:
- Various Light Emitting Diodes
- Lasers
- Intense Pulsed Light
- Other Thermal Methods for the Skin Treatment
By Technology:
- Mechanical
- Thermal
- Chemical
By Application:
- Skin Diseases
- Birthmark Removal
- Tattoo Removal
- Hair Removal
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Photorejuvenation Equipment Market Competitive Landscape
Key players operating in the global photorejuvenation equipment market include Abbott Medical Optics, Biolitec AG, Lumenis Ltd., Candela Corporation, Erchonia Medical, LISA Laser Products, Alcon, Inc., Dornier Medtech GmbH, AESCULIGHT LLC, Deka Laser, Nidek Company Ltd., and Vascular Soultion, Inc.
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