Photorejuvenation Devices Market Size

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.