Photorejuvenation Devices Market Size By Product (Intense Pulsed Light (IPL), Laser Equipment { Ablative Fractional Laser [CO2 Laser, Erbium YAG Laser ], Non-ablative Fractional Laser [Nd: YAG Laser, Er: Glass Laser]}, LED Equipment), By Modality (Standalone Photorejuvenation Devices, Portable/Handheld Photorejuvenation Devices), By End-use (Hospitals, Dermatology Clinics, Home Care Settings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE), Modality Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Aug 2019 | Report ID: GMI4191 | Authors: Sumant Ugalmugle , Shradha Mupid Report Format: PDF

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Summary Table of Contents Industry Coverage Methodology

Industry Trends

Photorejuvenation Devices Market size was valued at USD 1.6 billion in 2018 and is expected to witness 6.6% CAGR from 2019 to 2025. In addition, the volume of Intense Pulsed Light (IPL) product type procedures is set to exceed 242,272 thousand procedures by 2025.

U.S. Photorejuvenation Devices Market, By Product Type, 2018 & 2025 (USD Million, 000’ Procedures)
U.S. Photorejuvenation Devices Market, By Product Type, 2018 & 2025 (USD Million, 000’ Procedures)

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Recently growing prevalence of skin disorders has been leading to scarring. According to the American Academy of Dermatology, acne is considered as the most common skin disorder in the U.S. which is affecting around 50 million individuals yearly. Acne usually causes significant physical changes, which include permanent scarring. Laser resurfacing is considered as most commonly used non-invasive treatment for acne scarring. Thus, the growing prevalence of skin disorders directly contributes to driving the photorejuvenation devices market over the forecast period

Furthermore, growing awareness among the population about non-invasive surgeries with reduced side effects when compared with other surgical surgeries is increasing the adoption of non-invasive photorejuvenation devices. According to the International Society of Plastic Surgery (ISAPS), in 2015, about 568,672 number of photorejuvenation procedures were performed worldwide with photorejuvenation devices which gradually increased to 623,243 in 2016. Also, treatment with photorejuvenation devices reduces the hospital stay and provides faster recovery. However, high cost associated with aesthetic devices might impede the cosmetic procedure devices growth over the forecast period. 

Photorejuvenation Devices Market, By Product

Intense Pulsed Light (IPL) product segment is projected to witness more than 6.6% growth over the analysis timeframe. Advancements in technology coupled with the growing adoption of IPL devices for applications like hair removal, wrinkle reduction, scar rejuvenation, acne control, freckles, and others are anticipated to contribute to the segmental growth.  Intense pulsed light devices are considered as low-cost entry into the aesthetics industry and smart addition to the clinical settings. IPL treatments are regarded as one of the topmost requested cosmetic procedures.

Laser equipment segment accounted for around 39% revenue share in 2018 in the photorejuvenation devices market over the forecast period. Increasing healthcare expenditure is considered as an indicator of improvement in the healthcare setting. The upsurge in the budget of hospitals in developing countries would further indicate the usage of better-quality laser equipment and thus drive the growth of the aesthetic industry market.

Photorejuvenation Devices Market, By Modality

The standalone photorejuvenation devices segment accounted for revenue of more than USD 1,000 million in 2018 and is projected to show sluggish growth during the forecast period. The growing demand for standalone photorejuvenation devices in the emerging economies will surge the growth of the segment.   

The portable photorejuvenation devices segment is anticipated to hold a significant revenue share in 2018 and is projected to witness growth of 6.8% over the forthcoming years. The segment growth is attributable to rising preference of portable devices among the physicians and target population over standalone devices as it minimizes the number of sessions required for treatment and yield faster clearing of tissue.

Germany Photorejuvenation Devices Market Size, By Modality, 2018 (USD Million)

Germany Photorejuvenation Devices Market Size, By Modality, 2018 (USD Million)

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Photorejuvenation Devices Market, By End-use

The hospitals segment is expected to hold a significant market revenue share of around 35% in 2018 and is anticipated to exhibit momentous growth during the forthcoming years. Rising prevalence of skin problems increases the demand for photorejuvenation devices in the hospital which would further drive the aesthetic devices market.

Dermatology clinics are expected to hold the considerable market share in the photorejuvenation devices with a growth rate of around 6.0% over the forthcoming years. Dermatology clinics offer photorejuvenation treatment at low prices compared with other end-use settings, which directly contributes to the segment growth. Furthermore, growing inclination of the target population towards non-invasive treatment for wrinkle reduction and scar removal is expected to boost the growth of the market.

Photorejuvenation Devices Market, By Region

North America market is estimated to witness a growth pegged at around 6.1% CAGR over the analysis timeline. 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 boost the North America photorejuvenation device market growth.  

Asia Pacific photorejuvenation devices market was valued at around USD 300 million revenue in 2018. Increasing healthcare expenditure and growing awareness coupled with government initiatives is expected to drive the growth of the Asia Pacific market. Countries like Japan, China, and India is expected to be the fastest-growing countries in the Asia Pacific market.

Asia Pacific Photorejuvenation Devices Market Size, By Country, 2025 (USD Million)

Asia Pacific Photorejuvenation Devices Market Size, By Country, 2025 (USD Million)

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Competitive Market Share

Some of the notable business players operating in photorejuvenation devices market include Hologic (Cynosure), Lumenis, Syneron Medical, Lynton Lasers, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Cutera, Lutronic Corporation, Beijing Nubway S & T, and others. The market players are adopting various organic and inorganic strategies in order to increase their geographical presence and market share in the industry.

Recent industry developments:

  • 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. 
  • In February 2017, Hologic, Inc. acquired Cynosure, Inc., one of the leaders in medical aesthetics systems and technologies to increase their market share in the rapidly growing medical aesthetics market. This has further expanded the company’s product portfolio and geographical product reach.

Photorejuvenation Devices Industry Background

Photorejuvenation Devices Market Segmentation

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Over the past few years, it has been observed that the medical aesthetics industry has evolved drastically with the introduction of new technologies. Photorejuvenation devices provide different light wavelengths to target a broad range of applications. In 1995, the first intense pulse light device obtained FDA approval for lower extremity telangiectasias treatment. Since then the evolution of photorejuvenation industry is being triggered by the increasing adoption of IPL device in the end-use settings. The favourable cost of the device has led to the rapid use in several clinical settings. However, besides the early claims of having adverse many side effects and less efficacy, innovations in technology have resulted in the development of more predictable, and reliable aesthetic devices in the market.

What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Premium Report: Details

Pages: 200
Tables: 199
Charts / Figures: 8
Companies covered: 10
Countries covered: 18

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