Photorejuvenation Devices Market Size & Share 2019 - 2025
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, Modality Potential, Competitive Market Share & Forecast.
Report ID: GMI4191
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Published Date: August 2019
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Report Format: PDF
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Authors:
Monali Tayade, Jignesh Rawal
Photorejuvenation Devices Market Size
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.
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 Analysis
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.
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.
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.
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.
Photorejuvenation Devices Market Share
Some of the notable business players operating in photorejuvenation devices market include:
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:
Photorejuvenation Devices Industry Background
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.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
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Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →