The Photorejuvenation Devices Market was valued at $587.4 million in 2021 and is estimated to reach $1,543.5 million by 2031, exhibiting a CAGR of 10.4% from 2022 to 2031. Photorejuvenation is a cosmetic treatment that uses lasers, intense pulsed light (IPL), or photodynamic therapy to improve the appearance of the skin. It can reduce redness, blotchiness, and sun damage to give an even, more radiant complexion. It helps reduce and treat common skin problems such as skin cancer, brown spots, melasma, hyperpigmentation, liver spots, and rosacea. It is a modern dermatological technique that lasts only about an hour. It causes minimal discomfort and delivers excellent results.
A photorejuvenation device can help reduce hyperpigmentation and skin redness, make the skin look more youthful and radiant, eliminate or reduce wrinkles and fine lines by stimulating the production of elastin and collagen, eliminate acne-causing bacteria to reduce breakouts, and increase blood circulation in the target area while reducing inflammation.
The key factor that drives the growth of the photorejuvenation device market is the increase in the prevalence of skin disorders. Moreover, the surge in awareness among the population about non-invasive surgical procedures with reduced side effects is increasing the adoption of non-invasive photorejuvenation devices, which propels the growth of the market. For instance, according to a report published by GoodGlow.com, in 2022, acne was reported to impact up to 60 million Americans each year. It affects approximately 85 % of the population between the ages of 12 and 24. Whereas, excessive sebum, hormonal factor, menstruation, stress & medication, and diet are considered as the most common factors for acne. Moreover, melanoma of the skin is the 17th most common cancer worldwide, the 13th most common cancer in men, and the 15th most common cancer in women. There were more than 150,000 new cases of melanoma of the skin in 2020. Photodynamic therapy (PDT) is used as an alternative palliative treatment for advanced melanoma patients, mainly due to its minimally invasive character and low side effects. Thus, a rapid increase in the prevalence of skin cancer and skin-related disorders such as acne, rosacea, broken blood vessels, brown spots called liver spots or age spots, dark spots from hormonal changes, discolored skin, fine wrinkles, freckles, and hyperpigmentation increases the demand for photorejuvenation devices that boost the growth of the market.
However, high risk associated with photorejuvenation devices, such as itching, redness, and swelling of the skin with chances of hyperpigmentation, scarring, blistering, and, in rare cases, infections, hampers the market's growth. Conversely, a rise in awareness among the population toward enhancing the appearance and a rise in technological advancements and modernization in the healthcare industry, may open up the new market potential for photorejuvenation devices and are expected to provide a lucrative opportunity for the growth of the market during the forecast period.
The COVID-19 pandemic continues to impact the growth of various industries, and the immediate impact of the outbreak varies from industry to industry. The distribution, manufacturing, and supply chain have been affected, due to the implementation of lockdowns across the globe.
The overall impact of COVID-19 remains negative on the photorejuvenation device market. Owing to the decrease in demand for the product is affecting the revenue generated from photorejuvenation devices during the COVID-19 pandemic. Moreover, the supply of photorejuvenation devices and raw materials required for the manufacturing of such devices has been disrupted as many countries went into lockdown. The market for global photorejuvenation device has shown declining results in the growth rate owing to a decline in the number of cosmetic procedures due to the pandemic. For instance, in March 2020, the North American medical regulatory agencies and organizations, including the American Academy of Facial Plastic and Reconstructive Surgery, issued recommendations to cease all non-essential and elective services at public or corporate healthcare facilities. The overall scenario has resulted in a decrease in demand for various skin resurfacing devices such as hair removal devices, acne removal devices, hair growth devices, LED/Light therapy devices, cleansing devices, photorejuvenation devices, and many more.
Furthermore, the post-COVID scenario for the photorejuvenation device market has changed, owing to the rapidly increasing prevalence of skin cancer due to changes in lifestyle and an increase in the level of air pollution that affects the skin and causes various skin-related disorders. However, social distancing had led people to spend long hours on video calls, which promoted appearance dissatisfaction and the evolution of dysmorphic thoughts about the body, especially the face, which has resulted in increased demand for esthetic and cosmetic procedures that propels the growth of the market.
In addition, the growing demand for non-invasive procedures, and the rising awareness among the population towards enhancing appearance provide growth opportunities for the market. Thus, these factors are expected to create lucrative opportunities for the market to grow in the near future, providing profitable opportunities for key players post-COVID-19.
The photorejuvenation device market is segmented on the basis of type, modality, end-user, and region. By type, the market is segmented into intense pulsed light, laser equipment, and LED equipment. By modality, it is divided into standalone and portable. By end user, it is classified into, hospitals, dermatology clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the photorejuvenation device market are Hologic, Lumenis, Candela Corporation, Lynton Lasers Ltd., Cutera, Lutronic Inc, Nubway, Fotona, Biolitec AG, Deka Laser
The photorejuvenation device market forecast is studied from 2022 to 2031.
The market size and estimations are based on -A comprehensive analysis of key developments in the Photorejuvenation device industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development Strategies adopted by the key market players are enlisted to understand the competitive scenario of the Photorejuvenation device market.
A photorejuvenation device can help reduce hyperpigmentation and skin redness, make the skin look more youthful and radiant, eliminate or reduce wrinkles and fine lines by stimulating the production of elastin and collagen, eliminate acne-causing bacteria to reduce breakouts, and increase blood circulation in the target area while reducing inflammation.
The key factor that drives the growth of the photorejuvenation device market is the increase in the prevalence of skin disorders. Moreover, the surge in awareness among the population about non-invasive surgical procedures with reduced side effects is increasing the adoption of non-invasive photorejuvenation devices, which propels the growth of the market. For instance, according to a report published by GoodGlow.com, in 2022, acne was reported to impact up to 60 million Americans each year. It affects approximately 85 % of the population between the ages of 12 and 24. Whereas, excessive sebum, hormonal factor, menstruation, stress & medication, and diet are considered as the most common factors for acne. Moreover, melanoma of the skin is the 17th most common cancer worldwide, the 13th most common cancer in men, and the 15th most common cancer in women. There were more than 150,000 new cases of melanoma of the skin in 2020. Photodynamic therapy (PDT) is used as an alternative palliative treatment for advanced melanoma patients, mainly due to its minimally invasive character and low side effects. Thus, a rapid increase in the prevalence of skin cancer and skin-related disorders such as acne, rosacea, broken blood vessels, brown spots called liver spots or age spots, dark spots from hormonal changes, discolored skin, fine wrinkles, freckles, and hyperpigmentation increases the demand for photorejuvenation devices that boost the growth of the market.
However, high risk associated with photorejuvenation devices, such as itching, redness, and swelling of the skin with chances of hyperpigmentation, scarring, blistering, and, in rare cases, infections, hampers the market's growth. Conversely, a rise in awareness among the population toward enhancing the appearance and a rise in technological advancements and modernization in the healthcare industry, may open up the new market potential for photorejuvenation devices and are expected to provide a lucrative opportunity for the growth of the market during the forecast period.
The COVID-19 pandemic continues to impact the growth of various industries, and the immediate impact of the outbreak varies from industry to industry. The distribution, manufacturing, and supply chain have been affected, due to the implementation of lockdowns across the globe.
The overall impact of COVID-19 remains negative on the photorejuvenation device market. Owing to the decrease in demand for the product is affecting the revenue generated from photorejuvenation devices during the COVID-19 pandemic. Moreover, the supply of photorejuvenation devices and raw materials required for the manufacturing of such devices has been disrupted as many countries went into lockdown. The market for global photorejuvenation device has shown declining results in the growth rate owing to a decline in the number of cosmetic procedures due to the pandemic. For instance, in March 2020, the North American medical regulatory agencies and organizations, including the American Academy of Facial Plastic and Reconstructive Surgery, issued recommendations to cease all non-essential and elective services at public or corporate healthcare facilities. The overall scenario has resulted in a decrease in demand for various skin resurfacing devices such as hair removal devices, acne removal devices, hair growth devices, LED/Light therapy devices, cleansing devices, photorejuvenation devices, and many more.
Furthermore, the post-COVID scenario for the photorejuvenation device market has changed, owing to the rapidly increasing prevalence of skin cancer due to changes in lifestyle and an increase in the level of air pollution that affects the skin and causes various skin-related disorders. However, social distancing had led people to spend long hours on video calls, which promoted appearance dissatisfaction and the evolution of dysmorphic thoughts about the body, especially the face, which has resulted in increased demand for esthetic and cosmetic procedures that propels the growth of the market.
In addition, the growing demand for non-invasive procedures, and the rising awareness among the population towards enhancing appearance provide growth opportunities for the market. Thus, these factors are expected to create lucrative opportunities for the market to grow in the near future, providing profitable opportunities for key players post-COVID-19.
The photorejuvenation device market is segmented on the basis of type, modality, end-user, and region. By type, the market is segmented into intense pulsed light, laser equipment, and LED equipment. By modality, it is divided into standalone and portable. By end user, it is classified into, hospitals, dermatology clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the photorejuvenation device market are Hologic, Lumenis, Candela Corporation, Lynton Lasers Ltd., Cutera, Lutronic Inc, Nubway, Fotona, Biolitec AG, Deka Laser
KEY BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis along with the current Photorejuvenation device market trends from 2022 to 2031 to identify the prevailing opportunities along with the strategic assessment.The photorejuvenation device market forecast is studied from 2022 to 2031.
The market size and estimations are based on -A comprehensive analysis of key developments in the Photorejuvenation device industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development Strategies adopted by the key market players are enlisted to understand the competitive scenario of the Photorejuvenation device market.
Key Market Segments
By End Users
- Hospitals
- Clinics
By Type
- Intense Pulsed Light (IPL)
- Laser Equipment
- LED Equipment
By Modality
- Standalone Photorejuvenation Devices
- Portable Photorejuvenation Devices
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Lumenis
- Lynton Laser
- lutronic
- Fotona
- Biolitec AG
- Deka Laser
- candela corporation
- Cutera
- Hologic, Inc.
- Beijing Nubway S&T Co.,Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate bargaining power of buyers
3.3.3. Moderate threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in incidence of skin-related disorders and cancer.
3.4.1.2. Rise in technological advancement
3.4.1.3. Increase in the number of cosmetic procedures
3.4.2. Restraints
3.4.2.1. High cost of the treatment
3.4.2.2. High risk associated with photorejuvenation devices
3.4.3. Opportunities
3.4.3.1. High growth potential in developing economies
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: PHOTOREJUVENATION DEVICES MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Intense Pulsed Light (IPL)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Laser Equipment
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. LED Equipment
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: PHOTOREJUVENATION DEVICES MARKET, BY MODALITY
5.1. Overview
5.1.1. Market size and forecast
5.2. Standalone Photorejuvenation Devices
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Portable Photorejuvenation Devices
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: PHOTOREJUVENATION DEVICES MARKET, BY END USERS
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Clinics
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: PHOTOREJUVENATION DEVICES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Type
7.2.3. Market size and forecast, by Modality
7.2.4. Market size and forecast, by End Users
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Type
7.2.5.1.3. Market size and forecast, by Modality
7.2.5.1.4. Market size and forecast, by End Users
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Type
7.2.5.2.3. Market size and forecast, by Modality
7.2.5.2.4. Market size and forecast, by End Users
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Type
7.2.5.3.3. Market size and forecast, by Modality
7.2.5.3.4. Market size and forecast, by End Users
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Type
7.3.3. Market size and forecast, by Modality
7.3.4. Market size and forecast, by End Users
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Type
7.3.5.1.3. Market size and forecast, by Modality
7.3.5.1.4. Market size and forecast, by End Users
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Type
7.3.5.2.3. Market size and forecast, by Modality
7.3.5.2.4. Market size and forecast, by End Users
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Type
7.3.5.3.3. Market size and forecast, by Modality
7.3.5.3.4. Market size and forecast, by End Users
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Type
7.3.5.4.3. Market size and forecast, by Modality
7.3.5.4.4. Market size and forecast, by End Users
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Type
7.3.5.5.3. Market size and forecast, by Modality
7.3.5.5.4. Market size and forecast, by End Users
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Type
7.3.5.6.3. Market size and forecast, by Modality
7.3.5.6.4. Market size and forecast, by End Users
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Type
7.4.3. Market size and forecast, by Modality
7.4.4. Market size and forecast, by End Users
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Type
7.4.5.1.3. Market size and forecast, by Modality
7.4.5.1.4. Market size and forecast, by End Users
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Type
7.4.5.2.3. Market size and forecast, by Modality
7.4.5.2.4. Market size and forecast, by End Users
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Type
7.4.5.3.3. Market size and forecast, by Modality
7.4.5.3.4. Market size and forecast, by End Users
7.4.5.4. Australia
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Type
7.4.5.4.3. Market size and forecast, by Modality
7.4.5.4.4. Market size and forecast, by End Users
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Type
7.4.5.5.3. Market size and forecast, by Modality
7.4.5.5.4. Market size and forecast, by End Users
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Type
7.5.3. Market size and forecast, by Modality
7.5.4. Market size and forecast, by End Users
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Type
7.5.5.1.3. Market size and forecast, by Modality
7.5.5.1.4. Market size and forecast, by End Users
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Type
7.5.5.2.3. Market size and forecast, by Modality
7.5.5.2.4. Market size and forecast, by End Users
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Type
7.5.5.3.3. Market size and forecast, by Modality
7.5.5.3.4. Market size and forecast, by End Users
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Type
7.5.5.4.3. Market size and forecast, by Modality
7.5.5.4.4. Market size and forecast, by End Users
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning Strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Hologic, Inc.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Lumenis
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. candela corporation
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. Lynton Laser
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. Cutera
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. lutronic
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Beijing Nubway S&T Co.,Ltd
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Fotona
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Biolitec AG
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Deka Laser
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
List of Tables
Table 01. Global Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 02. Photorejuvenation Devices Market for Intense Pulsed Light (Ipl), by Region, 2021-2031 (Revenue, $Million)
Table 03. Photorejuvenation Devices Market for Laser Equipment, by Region, 2021-2031 (Revenue, $Million)
Table 04. Photorejuvenation Devices Market for Led Equipment, by Region, 2021-2031 (Revenue, $Million)
Table 05. Global Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 06. Photorejuvenation Devices Market for Standalone Photorejuvenation Devices, by Region, 2021-2031 (Revenue, $Million)
Table 07. Photorejuvenation Devices Market for Portable Photorejuvenation Devices, by Region, 2021-2031 (Revenue, $Million)
Table 08. Global Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 09. Photorejuvenation Devices Market for Hospitals, by Region, 2021-2031 (Revenue, $Million)
Table 10. Photorejuvenation Devices Market for Clinics, by Region, 2021-2031 (Revenue, $Million)
Table 11. Photorejuvenation Devices Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 12. Photorejuvenation Devices Market, by Region, 2021-2031 (Revenue, $Million)
Table 13. North America Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 14. North America Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 15. North America Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 16. North America Photorejuvenation Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 17. U.S. Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 18. U.S. Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 19. U.S. Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 20. Canada Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 21. Canada Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 22. Canada Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 23. Mexico Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 24. Mexico Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 25. Mexico Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 26. Europe Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 27. Europe Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 28. Europe Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 29. Europe Photorejuvenation Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 30. Germany Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 31. Germany Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 32. Germany Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 33. France Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 34. France Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 35. France Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 36. UK Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 37. UK Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 38. UK Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 39. Italy Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 40. Italy Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 41. Italy Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 42. Spain Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 43. Spain Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 44. Spain Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 45. Rest of Europe Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 47. Rest of Europe Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 48. Asia-Pacific Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 51. Asia-Pacific Photorejuvenation Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 52. China Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 53. China Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 54. China Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 55. Japan Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 56. Japan Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 57. Japan Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 58. India Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 59. India Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 60. India Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 61. Australia Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 62. Australia Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 63. Australia Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 64. Rest of Asia-Pacific Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 65. Rest of Asia-Pacific Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 66. Rest of Asia-Pacific Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 67. LAMEA Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 68. LAMEA Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 69. LAMEA Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 70. LAMEA Photorejuvenation Devices Market, by Country, 2021-2031 (Revenue, $Million)
Table 71. Brazil Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 72. Brazil Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 73. Brazil Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 74. Saudi Arabia Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 75. Saudi Arabia Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 76. Saudi Arabia Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 77. South Africa Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 78. South Africa Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 79. South Africa Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 80. Rest of LAMEA Photorejuvenation Devices Market, by Type, 2021-2031 (Revenue, $Million)
Table 81. Rest of LAMEA Photorejuvenation Devices Market, by Modality, 2021-2031 (Revenue, $Million)
Table 82. Rest of LAMEA Photorejuvenation Devices Market, by End-users, 2021-2031 (Revenue, $Million)
Table 83. Hologic, Inc.: Key Executives
Table 84. Hologic, Inc.: Company Snapshot
Table 85. Hologic, Inc.: Product Segments
Table 86. Hologic, Inc.: Product Portfolio
Table 87. Lumenis: Key Executives
Table 88. Lumenis: Company Snapshot
Table 89. Lumenis: Product Segments
Table 90. Lumenis: Product Portfolio
Table 91. Lumenis: Key Strategies
Table 92. Candela Corporation: Key Executives
Table 93. Candela Corporation: Company Snapshot
Table 94. Candela Corporation: Product Segments
Table 95. Candela Corporation: Product Portfolio
Table 96. Lynton Laser: Key Executives
Table 97. Lynton Laser: Company Snapshot
Table 98. Lynton Laser: Product Segments
Table 99. Lynton Laser: Product Portfolio
Table 100. Cutera: Key Executives
Table 101. Cutera: Company Snapshot
Table 102. Cutera: Product Segments
Table 103. Cutera: Product Portfolio
Table 104. Lutronic: Key Executives
Table 105. Lutronic: Company Snapshot
Table 106. Lutronic: Product Segments
Table 107. Lutronic: Product Portfolio
Table 108. Beijing Nubway S&T Co.,Ltd.: Key Executives
Table 109. Beijing Nubway S&T Co.,Ltd.: Company Snapshot
Table 110. Beijing Nubway S&T Co.,Ltd.: Product Segments
Table 111. Beijing Nubway S&T Co.,Ltd.: Product Portfolio
Table 112. Fotona: Key Executives
Table 113. Fotona: Company Snapshot
Table 114. Fotona: Product Segments
Table 115. Fotona: Product Portfolio
Table 116. Biolitec AG: Key Executives
Table 117. Biolitec AG: Company Snapshot
Table 118. Biolitec AG: Product Segments
Table 119. Biolitec AG: Product Portfolio
Table 120. Deka Laser: Key Executives
Table 121. Deka Laser: Company Snapshot
Table 122. Deka Laser: Product Segments
Table 123. Deka Laser: Product Portfolio
List of Figures
Figure 01. Photorejuvenation Devices Market, 2021-2031
Figure 02. Segmentation of Photorejuvenation Devices Market, 2021-2031
Figure 03. Top Investment Pockets in Photorejuvenation Devices Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. Moderate Bargaining Power of Buyers
Figure 06. Moderate Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalphotorejuvenation Devices Market
Figure 10. Photorejuvenation Devices Market, by Type, 2021(%)
Figure 11. Comparative Share Analysis of Photorejuvenation Devices Market for Intense Pulsed Light (Ipl), by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Photorejuvenation Devices Market for Laser Equipment, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Photorejuvenation Devices Market for Led Equipment, by Country 2021-2031(%)
Figure 14. Photorejuvenation Devices Market, by Modality, 2021(%)
Figure 15. Comparative Share Analysis of Photorejuvenation Devices Market for Standalone Photorejuvenation Devices, by Country 2021-2031(%)
Figure 16. Comparative Share Analysis of Photorejuvenation Devices Market for Portable Photorejuvenation Devices, by Country 2021-2031(%)
Figure 17. Photorejuvenation Devices Market, by End-users, 2021(%)
Figure 18. Comparative Share Analysis of Photorejuvenation Devices Market for Hospitals, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Photorejuvenation Devices Market for Clinics, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Photorejuvenation Devices Market for Others, by Country 2021-2031(%)
Figure 21. Photorejuvenation Devices Market by Region, 2021
Figure 22. U.S. Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 23. Canada Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 24. Mexico Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 25. Germany Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 26. France Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 27. UK Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 28. Italy Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 29. Spain Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 30. Rest of Europe Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 31. China Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 32. Japan Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 33. India Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 34. Australia Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 35. Rest of Asia-Pacific Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 36. Brazil Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 37. Saudi Arabia Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 38. South Africa Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 39. Rest of LAMEA Photorejuvenation Devices Market, 2021-2031 ($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap: Photorejuvenation Devices Market
Figure 46. Top Player Positioning, 2021
Figure 47. Hologic, Inc.: Net Revenue, 2019-2021 ($Million)
Figure 48. Hologic, Inc.: Revenue Share by Segment, 2021 (%)
Figure 49. Hologic, Inc.: Revenue Share by Region, 2021 (%)
Figure 50. Cutera: Net Revenue, 2019-2021 ($Million)
Figure 51. Cutera: Revenue Share by Region, 2021 (%)
Executive Summary
According to the report titled, 'Photorejuvenation Devices Market,' the photorejuvenation devices market was valued at $587.44 million in 2021, and is estimated to reach $1,543.5 million by 2031, growing at a CAGR of 10.4% from 2022 to 2031.Photorejuvenation refers to the use of intense pulsed light (IPL) to treat conditions related to mostly sun-induced skin damage. IPL uses a broad spectrum of light which is primarily absorbed by melanin and oxyhemoglobin and is effective in reducing the appearance of age and sun spots, freckles, birthmarks, rosacea, and broken capillaries. It is a modern dermatological technique that lasts only about an hour. It causes minimal discomfort and delivers excellent results.
It helps in reducing hyperpigmentation and skin redness, creating an even complexion, makes the skin appear more youthful and radiant, helps eliminate or reduce wrinkles and fine lines by stimulating the production of elastin and collagen, and assists in the healing of acne breakouts.
Key factors driving the growth of the photo rejuvenation device market include the increase in the incidence of skin-related disorders and skin cancer, the rise in technological advancement, and the increase in the preference for non-invasive surgery. The rise in the prevalence of skin disorders, which cause scarring, is one of the key factors driving the market growth. For instance, according to the Institute of Health Metrics and Evaluation, skin diseases contributed to 4.86 billion incident cases around the world in 2019. Moreover, age is a factor in the prevalence of skin disorders. As one gets older, the risk of acquiring a skin disorder increases due to the changes in connective tissue, the reduction in the skin’s strength and elasticity, as well as the reduction in secretions from sebaceous glands.
The growing awareness among the population about non-invasive surgeries with reduced side effects, when compared with other surgical procedures, increases the adoption of non-invasive photo rejuvenation devices that propels the growth of the market. For instance, according to the report published by the American Society of Plastic Surgeons, in 2021, it has been reported that 15.6 million cosmetic procedures were performed in 2020. Out of these 2.3 million, cosmetic surgical procedures, and 13.2 million cosmetic minimally-invasive procedures were performed. In addition, the top 5 cosmetic minimally invasive procedures include, botulinum toxin type A (4.4 million), soft tissue filler (3.4million), chemical peel (931,473), laser skin resurfacing (997,245), and intense pulsed light treatment (827,409). Thus, the rising awareness among the population toward enhancing their appearance with the help of non-invasive or minimally invasive procedures and the increase in the adoption rate of photo rejuvenation devices boost the growth of the market.
The market also offers growth opportunities to the key players in the market. The rise in technological advancement in the healthcare systems in developing nations (such as Brazil, India, and China) has been undergoing rapid changes in terms of healthcare reforms. The surge in geriatric populations and the increase in the demand for the non-invasive procedure for skin disorders increases the demand for photo rejuvenation devices which are expected to drive the growth of the market. In addition, the growing awareness towards skincare owing to the rising importance of healthy skin and looking good, among the population can result in rising demand for photo rejuvenation devices that provides lucrative opportunities for the growth of the market. The emerging nations need to focus on the adoption of the latest technologies that are crucial in making advanced skin care products to cater to the needs of the rising young population. Therefore, technological advancements in developing nations offer lucrative opportunities for the growth of the photo rejuvenation device market.
The photo rejuvenation device market is segmented on the basis of type, modality, end-user, and region. By type, the market is segmented into intense pulsed light, laser equipment, and LED equipment. By modality, it is divided into standalone and portable. By end user, it is classified into, hospitals, dermatology clinics, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the photo rejuvenation device market study include Hologic, Lumenis, Candela Corporation, Lynton Lasers Ltd., Cutera, Lutronic Inc, Nubway, Fotona, Biolitec AG, and Deka.
Key Market Insights
By type, the laser equipment segment is expected to experience rapid growth in the market and is estimated to reach $ 708.6 million by 2031, with a CAGR of 10.4%. However, the intense pulsed light segment is estimated to be growing with a significant CAGR of 10.6% during the forecast period.By modality, the standalone photorejuvenation device segment dominated the global market. However, the portable photorejuvenation device segment is expected to grow with a significant CAGR of 10.7% during the forecast period.
By end users, the hospital segment dominated the global market. However, the clinic's segment is expected to grow with a significant CAGR of 11.2% during the forecast period
Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR of 11.8% during the forecast period
Companies Mentioned
- Lumenis
- Lynton Laser
- lutronic
- Fotona
- Biolitec AG
- Deka Laser
- candela corporation
- Cutera
- Hologic, Inc.
- Beijing Nubway S&T Co.,Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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