The Photorejuvenation Equipment Market was valued at USD 2,046.8 Million in 2021, and is likely to reach USD 2,182.3 Million in 2022. Until 2028, the industry is poised to register a CAGR of 6.4%.
| Attribute | Details |
|---|---|
| Photorejuvenation Equipment Market Size (2022) | USD 2,182.3 Million |
| Projected Market Value (2028) | USD 3,168.6 Million |
| Global Market Growth Rate (2022 to 2028) | 6.4% CAGR |
Patients are most likely to opt for non-ablative laser photorejuvenation procedures, thereby enhancing its scope in the market. Also, photorejuvenation equipment comprises 42.6% of the dermatology devices market.
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| Particulars | Details |
|---|---|
| H1, 2021 | 6.30% |
| H1, 2022 Projected | 6.41% |
| H1, 2022 Outlook | 6.31% |
| BPS Change - H1, 2022 (O) – H1, 2022 (P) | (-) 10 ↓ |
| BPS Change – H1, 2022 (O) – H1, 2021 | (+) 01 ↑ |
H1-2022 outlook period in comparison to H1-2022 projected period showed a negative growth in terms of Basis Point Share by 10 BPS. However, In H1-2022, the market growth rate of photorejuvenation equipment is expected to rise by 01 basis point share (BPS), as per FMI analysis.
One of the biggest obstacles affecting the global market for photo rejuvenation equipment is the possibility of occurrence of skin cancer in the vicinity of the treatment region, along with concerns that there may be light sensitivity and often unrealistic consumer expectations. Additionally, the expensive cost of cosmetic equipment and rigorous regulations around the globe have contributed towards the reduction in the BPS values.
One of the main factors driving the industry is the cost-effectiveness of photorejuvenation compared to alternatives like plastic surgery. In addition, compared to other skin treatment techniques, photorejuvenation procedures have relatively fewer adverse effects and require little to no downtime.
The global photorejuvenation equipment market is also being driven by the ageing population's increasing desire to look attractive and youthful, and these are the factors responsible for the moderate rise in the BPS value for this market.
The photorejuvenation equipment market expanded at a CAGR of 5.4% between 2013 and 2021. The prevalence of social beauty standards has resulted in a dramatic increase in the demand for skincare products, as well as a shift in consumer preferences toward various cosmetic procedure devices, which has fuelled the growth of skin care clinics.
During the COVID-19 pandemic, prospects for photorejuvenation treatment declined considerably, as the imposition of lockdowns prevented patients from visiting hospitals or skin clinics for cosmetic and surgical enhancement procedures. Moreover, hospitals postponed non-elective surgical procedures to accommodate COVID-19 infected patients.
The rising popularity of hair and tattoo removal, as well as the use of anti-aging agents, will have an impact on the business outlook. Photorejuvenation equipment is expected to grow at a CAGR of 6.4% between 2022 and 2028.
Continuously growing awareness among people about non-invasive surgeries with lesser side effects compared to surgeries is increasing the adoption of non-invasive photorejuvenation equipment. Furthermore, Non-invasive photorejuvenation treatment with lasers, intense pulsed light (IPL) and LED equipment reduces the hospital stay and provides faster recovery.
Nonsurgical dermatological surgery are commonly performed as standalone treatments, or as a complementary to aesthetic surgery to address a broad range of concerns. Some common approaches include collagen induction therapy (CIT), platelet-rich plasma (PRP) and autologous fat transfer (AFT).
Combined laser therapy is found to be very effective for tattoo removal. The usage of a single laser has certain limitations like ink retention even after multiple sessions, incomplete clearance of the tattoo, and long treatment duration with large interval gap between sessions, and in certain cases, blistering and dyschromia.
These limitations can be overcome through the use of combined treatment modes such as combined laser therapies and increases the demand of photorejuvenation equipment. For instance, combination of fractional laser with Q-switched laser has been proved to reduce side effects such as blistering, minimize number of sessions required for treatment and yield faster clearing of tissue.
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The market for photorejuvenation is likely to generate 22.0% revenue across North America, according to Future Market Insights. This demand is primarily being pushed by increased awareness about maintaining good skin health amongst the population. This is largely an outcome of rising dermatological disorders prevalence.
According to the American Academy of Dermatology Association, acne is the most common skin condition in the United States, affecting up to 50 million people annually. Approximately 85% people aged 12-24 experience at least minor acne. Hence, patients are increasingly opting for intense pulsed light (IPL) based photorejuvenation due to its reduced downtime.
Europe has been witnessing an increase in cosmetic and aesthetic surgical procedures by patients, especially for skin enhancement. There is extensive reliance on non-invasive aesthetic treatments, as they leave minimal or no scars, reduced downtime and relative inexpensiveness.
The continent has been experiencing an increase in the proportion of ageing population, with a majority of them belonging to the age group of 50 to 65 and above. Hence, the proportion of skin enhancement procedures to look younger is rising. As per FMI, 28.1% of photorejuvenation revenue will be generated by Europe in 2022.
By product type, non-ablative Nd: YAG laser photorejuvenation equipment are expected to register maximum sales in 2022 and beyond. This is attributed to a high degree of uptake of non-ablative laser resurfacing techniques by patients.
Studies have concluded that this approach to photorejuvenation yield high success rates, with minimal downtime. Also, Nd: YAG lasers have proven effective in producing new collagen formation in the papillary dermis, thus helping improve skin tone and color.
Given the increasing incidence of dermatological disorders, a high percentage of patients are seeking out specialized dermatological centres for effective treatment. Hence, use of photorejuvenation equipment is likely to accelerate across dermatological centres across the forthcoming decade.
Simultaneously, hospitals will continue to remain the primary point of contact for availing advanced dermatological treatment options. This is expected to retain expansion prospects for photorejuvenation equipment across this segment.
Prominent photorejuvenation equipment manufacturers are emphasizing on growth strategies such as acquisition of existing small and medium scale players, as well as consolidation of their presence via extensive seasonal marketing campaigns
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Poland, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, South Africa, GCC |
| Key Market Segments Covered | Product, Modality, End User, Region |
| Key Companies Profiled | Hologic Inc. (Cynosure Inc.); Lumenis; Syneron Medical Ltd.; Lynton Lasers Ltd; EN S.p.A. (Deka Mela S.r.l.); Fotona; Cutera Inc.; Lutronic Corporation; Beijing Nubway S & T Co. Ltd |
| Pricing | Available upon Request |
The photorejuvenation equipment market was worth USD 2,182.3 million in 2022.
Non-ablative laser photorejuvenation procedures have fewer side effects and comprise 42.6% of the dermatology devices market.
The market growth rate for photorejuvenation equipment rose by 01 basis point share (BPS) in H1-2022.
The possibility of skin cancer occurrence, light sensitivity, high equipment costs, and regulations contribute to changes in the market.
Growing awareness about non-invasive surgeries is increasing the adoption of photorejuvenation equipment for faster recovery.
The rising popularity of hair and tattoo removal and anti-aging agents impacts the business outlook.
Europe's reliance on non-invasive treatments and the aging population's demand for skin enhancement drive equipment sales.
| Estimated Size, 2024 | USD 478.0 million |
|---|---|
| Projected Size, 2034 | USD 674.3 million |
| Value-based CAGR (2024 to 2034) | 3.5% |
| Market Estimated Size in 2023 | USD 1,948.90 million |
|---|---|
| Projected Market Value in 2033 | USD 3,230.90 million |
| Value-based CAGR from 2023 to 2033 | 5.20% |
| Estimated Market Size (2023) | USD 3 billion |
|---|---|
| Projected Market Size (2033) | USD 7 billion |
| CAGR (2023 to 2033) | 8.8% |
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