The development of the worldwide photo rejuvenation equipment market is mostly due to the numerous uses of aesthetic treatments made possible by advances in laser technologies over time. It is projected that as technology advances and the incidence of skin problems rises, photo rejuvenation equipment will become more widely used.
The company’s most recent study indicates that by the end of 2028, the global market for photo rejuvenation equipment is expected to be worth over US$ 3,100 Mn. The average Y-o-Y growth rate for photo rejuvenation equipment is predicted to be 6.3% through 2028, indicating strong development potential.
Global Photorejuvenation Equipment Market: Overview & Analysis
Scarring is caused by the rising frequency of skin issues. Permanent scarring is one of the significant physical changes brought on by acne. In addition, acne affects around 85% of persons between the ages of 12 and 24. Laser resurfacing is the most popular non-invasive treatment for acne scars. In dermatology, the use of photo rejuvenation equipment to treat a range of skin disorders is widely accepted. Thus, during the projection period, the market for photo rejuvenation equipment will rise due to the rising prevalence of these skin issues.
Manufacturers are using strategic methods to expand the market for their products in the photo rejuvenation equipment sector. With frequent product approvals and improvements in photo rejuvenation equipment technology, rising demand for photo rejuvenation equipment for non-invasive photo rejuvenation treatments is further boosting strategic actions like mergers and collaboration agreements among manufacturers and fostering the growth of the photo rejuvenation equipment market.
Businesses in the photo rejuvenation equipment market are also persistently concentrating on expanding the reach of photo rejuvenation equipment globally. As a result, they are using distribution agreements as part of their expansion plan to capture the largest possible revenue share in the market for photorejuvenation equipment. The development of numerous cosmetic treatment applications made possible by advances in laser technology over the years has also aided in the expansion of the global photorejuvenation equipment market.
Spending on healthcare is rising, which is a sign that the healthcare system is getting better overall. An increase in hospital spending would suggest the adoption of higher-quality equipment, which would fuel the expansion of the worldwide photorejuvenation equipment market. A 6% annual increase in healthcare spending is anticipated by the IMF based on current GDP projections.
The global market for photorejuvenation equipment may be hampered by expensive treatment costs and unfavorable side effects connected to the equipment. Surgery and non-invasive therapies using photorejuvenation equipment can be expensive, rendering them unavailable to those in low- and middle-income groups.
Several sessions are necessary for non-invasive treatments using photorejuvenation equipment to provide the desired outcomes, which raises the treatment’s overall cost. Additionally, the area being treated affects the length of therapy, the number of sessions, and the cost of treatment. These elements are directly to blame for the slowing growth of the global market for photorejuvenation equipment.
The market for photorejuvenation equipment as a whole had a revenue share of over 75% for the laser equipment category in 2017, the company claims. The segment’s growth may be constrained shortly by the rising popularity of LED and IPL, though. In the worldwide photorejuvenation equipment market throughout the forecast period, China is anticipated to be the most lucrative market.
Intense Pulsed Light (IPL) Equipment, Laser Equipment, and LED Equipment make up the company’s market segments for photorejuvenation equipment. Throughout the forecast period, the laser equipment sector of the photorejuvenation equipment market will hold the greatest revenue share.
The company’s analysis examines some of the major players in the photorejuvenation equipment market, including Fotona, Cutera, Inc., Lutronic Corporation, Beijing Nubway S & T Co., Ltd, and EL.EN. S.p.A. (Deka Mela S.r.l.), and Lumenis.
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