Dublin, March 27, 2023 (GLOBE NEWSWIRE) -- The "Global Photorejuvenation Devices Market Size, Share & Industry Trends Analysis Report By Type, By Modality, By End Users, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.
The Global Photorejuvenation Devices Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 10.7% CAGR during the forecast period.
Market Growth Factors
Increased prevalence of cancer and skin conditions
According to statistics from the Skin Cancer Foundation, skin cancer accounts for one in every three cancer diagnoses and one in every five-lifetime cases of cancer in the United States. As ozone levels decrease, the atmosphere gradually loses its ability to act as a protective filter, allowing more solar UV radiation to reach the Earth's surface.
An extra 300,000 incidences of non-melanoma skin cancer and 4,500 cases of melanoma skin cancer are predicted to occur for every 10% reduction in ozone levels. The popularity of photorejuvenation techniques is rising in response to the rise in skin-related problems, promoting market expansion.
Grown influence of social media
Women's bodies are portrayed in social media as incredibly slender, while men's bodies are muscle-bound, scar-free, and flawless. As a result, people are becoming more conscious of their appearance.
Also, people are influenced by the beauty procedures their favorite celebrities use and promote as effective. To achieve the standards set by social media, more people are getting cosmetic procedures like laser hair removal and others, which will help the market for photorejuvenation devices develop in the future years.
Market Restraining Factors
Certain risk factors associated with laser surgery
Redness, acne, infections, skin colour changes, and scarring are some of the potential side effects of laser surgery. The treated skin may swell, itch, or feel intensely hot. The duration of intense redness may be several months. After treatment, applying thick lotions and bandages may aggravate acne or cause the temporary growth of tiny white bumps (milia) on the skin. The market for photorejuvenation devices may experience slow growth due to the expensive treatment costs and unfavourable side effects associated with these devices.
End-user Outlook
Based on end user, the photorejuvenation devices market is segmented into hospitals, clinics and others. This is mostly due to the rise in patients with illnesses being treated in hospitals with modern infrastructure and sufficient amenities. In addition, the expansion of hospitals and appropriate reimbursement practices foster this market's expansion.
Type Outlook
On the basis of type, the photorejuvenation devices market is classified into intense pulsed light (IPL), laser equipment, and LED equipment. The laser equipment segment witnessed the largest revenue share in the photorejuvenation devices market in 2021. Increased healthcare spending is a sign that the healthcare system is improving. In addition, increased hospital spending in emerging nations would further suggest the use of higher-quality laser technology, fueling the expansion of the aesthetics sector.
Modality Outlook
On the basis of modality, the photorejuvenation devices market is fragmented into standalone photorejuvenation devices and portable photorejuvenation devices. The portable segment acquired a significant revenue share in the photorejuvenation devices market in 2021. The segment's expansion can be attributed to the target population's and clinicians' increasing preference for portable devices over standalone ones because they require fewer treatment sessions and result in quicker tissue clearance.
Regional Outlook
Region-wise, the photorejuvenation devices market is analysed across North America, Europe, Asia Pacific and LAMEA. The North America region led the photorejuvenation devices market by generating the largest revenue share in 2021. The expansion of the market is fueled by the existence of numerous significant companies and improvements in the technologies of photorejuvenation devices in the area. An increasing senior population developed healthcare facilities for medical equipment, and an increase in skin problems are the key market drivers for photorejuvenation devices.
Key Market Players
- Cutera, Inc.
- Lutronic Co., Ltd.
- DEKA M.E.L.A. srl (El.en. Group)
- Hologic, Inc.
- Lumenis Be Ltd.
- Candela corporation
- Beijing Nubway S&T Co., Ltd
- Lynton Lazers
- Fotona d.o.o
- Biolitec AG
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Global Photorejuvenation Devices Market by Type
Chapter 4. Global Photorejuvenation Devices Market by Modality
Chapter 5. Global Photorejuvenation Devices Market by End Users
Chapter 6. Global Photorejuvenation Devices Market by Region
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/se0xmh
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