Photorejuvenation Devices is predicted to grow progressively at a CAGR of 6.6% over 2019 to 2025: according to a new research report by Global Market Insights, Inc. Increasing awareness regarding minimally invasive aesthetic procedures among consumers is set to drive photorejuvenation devices market size over the forecast timeline. Rising prevalence of skin-related disorders coupled with increased focus on skincare will fuel the demand for cosmetic procedures such as wrinkle reduction as well as hair and tattoo removal. —
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Advances in technology have resulted in a number of innovative home-use products, which will bolster industry growth across the home care segment, while clinical settings are also being increasingly preferred by people owing to specialized care available. Listed below are four notable trends expanding photorejuvenation devices market scope in the near future.
Shifting consumer preference towards non-invasive cosmetic treatments
The popularity for non-invasive cosmetic procedures is rapidly growing across the globe as more and more people are now looking to eliminate the signs of aging, without having to undergo a painful surgery. Previously, correcting blemishes was only possible by enduring costly and painful surgical procedures that required long recovery periods.
With recent developments in technology, it is now possible to reduce fine line and wrinkles, heal scarring, tighten, lift and tone the skin and enhance overall appearance with zero side effects. Photorejuvenation treatment are cost-effective solutions with minimal discomfort, which now makes them the preferred option over conventional methods.
The American Society of Plastic Surgeons (ASPS) reported that nearly 18 million Americans underwent surgical and minimally invasive aesthetic procedures in 2018. As evident, cosmetic treatments are on the rise and will pave the way for innovative non-invasive procedures over the coming recent years, indicating considerable boost for photorejuvenation devices market outlook.
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Emergence of intense pulsed light (IPL) technology as a prominent market driver
Intense pulsed light (IPL) technology has evolved considerably since its introduction to the biotechnology industry a couple decades ago, which can now be used safely and effectively for the treatment of unwanted hair and various kinds of lesions.
One of the greatest advantages of IPL-based photorejuvenation devices is the absences of post-operative purpura, which significantly reduces post-procedure downtime. A comprehensive study on the clinical efficacy of IPL devices for photodamage and skin rejuvenation revealed success rates between 88.24% and 96.45%.
It has been estimated that currently, thousands of IPL or IPL-RF procedures are performed globally on a daily basis. IPL treatment is an effective solution for photoaging and has proven to diminish signs of photodamage on skin, which will foster product engagement across the market.
Increased adoption of home-use photorejuvenation devices
In recent times, a number of home-use photorejuvenation tools have been introduced for applications including hair removal, hair growth and acne treatment. Although these products facilitate substantial cost advantage as well as privacy, majority of these devices have only recently gained FDA clearance.
Some of the latest anti-aging innovations deliver the same technology that is available in cosmetic surgery centers without the need to actually visit a dermatologist’s office. One such recently FDA-approved photorejuvenation device is a wrinkle reduction gadget, called LightStim, that boosts the skin’s collagen production which over a period of time, eliminates wrinkles and even prevents new ones from forming.
Chapter 1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
184.108.40.206. Paid sources
220.127.116.11. Unpaid sources
Chapter 2. Executive Summary
2.1. Photorejuvenation devices industry 3600 synopsis, 2014 - 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Modality trends
2.1.4. End-use trends
2.1.5. Regional trends
Chapter 3. Photorejuvenation devices Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
18.104.22.168. Increasing burden of skin disorders
22.214.171.124. Favorable regulatory approval scenario leading to launches of new products
126.96.36.199. Booming of technological advancements in the emerging markets
188.8.131.52. Growing demand for non-invasive surgical procedures
184.108.40.206. Increasing healthcare expenditure
3.3.2. Industry pitfalls and challenges
220.127.116.11. High cost associated with photorejuvenation devices
18.104.22.168. Adverse side effects related to photorejuvenation treatment
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By modality type
3.4.3. By end-use
3.5. Technology landscape
3.6. Install base scenario
3.7. Regulatory scenario
3.8. Porter’s analysis
3.9. Competitive landscape, 2018
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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Rising prevalence of acne and other skin-related disorders
Epidemiological studies reveal that acne is the most common skin disorder in post-pubescent teens. More severe forms of the disease have been known to affect boys more frequently, according to reports. Acne affects more than 50 million Americans each year, making it one of the most prominent skin disorders in the region.
Photorejuvenation therapies help to remarkably reduce the visibility of discolorations caused by acne scars in a gentle and non-invasive manner. An absolutely painless approach to dealing with ongoing acne problems as well as its after-effects, photofacials have emerged as an extremely popular treatment options across the healthcare segment, signifying tremendous growth opportunities for photorejuvenation devices market size.
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Photorejuvenation Devices Market: https://www.marketwatch.com/press-release/photorejuvenation-devices-market-2019-opportunity-analysis-and-industry-forecast-by-2025-2019-09-06
Photorejuvenation Devices Market: https://www.globenewswire.com/news-release/2019/08/19/1903401/0/en/Photorejuvenation-Devices-Market-to-hit-2-5-billion-by-2025-Global-Market-Insights-Inc.html
Surging disposable incomes coupled with increased spending on cosmetic procedures is set to boost engagement for non-invasive treatments over the coming years. According to a report by Global Market Insights, Inc., global photorejuvenation devices market is projected to surpass USD 2.5 billion in annual revenues by 2025.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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