Photorejuvenation Equipment Market Estimated to Expand by 2028 | Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A.

Increasing Burden of Skin Disorders

Rising prevalence of skin problems has been leading to scarring. Acne is considered the most common skin problem in the U.S. which is affecting over 50 million people yearly. Acne causes major physical changes, including permanent scarring. Moreover, about 85% of people aged between 12 and 24 experience acne. The commonly used non-invasive treatment for acne scarring is laser resurfacing. Thus, the rising prevalence of skin disorders is directly driving the global photorejuvenation equipment market over the forecast period. 

Shift from Invasive to Non-invasive Photorejuvenation Treatment

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, IPL and LED equipment reduces the hospital stay and provides faster recovery. These are some of the factors contributing to increasing the demand for non-invasive surgeries with photorejuvenation equipment. For instance, in 2015, around 568,672 number of photorejuvenation procedures were performed across the globe with photorejuvenation equipment which increased to 623,243 in 2016.

Increasing Use of Combination Therapy Lasers for Tattoo and Hair Removal

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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Regulatory Approvals Leading to Launches of New Products in the Market

Product launches in the photorejuvenation equipment market are specifically governed by certain regulations, whose approval is necessary for the launch of products in the market. Over the last few years, leading players in the laser equipment segment of the photorejuvenation equipment market have received regulatory approval across major geographic markets which has enabled them to launch various products in the market. The launch of new products in the market, brings in new technology which eases treatment procedures and provides improved results to patients. For instance, in 2018, DEKA M.E.L.A. srl received KFDA (Korean Food and Drug Administration) approval to launch the new Alexandrite system MOTUS AX in South Korea.

Adverse Side Effects Related to Photorejuvenation Treatment

A range of side effects is associated with the treatment with photorejuvenation equipment, as these treatments work differently on different skin types. For dark skin tone, absorption of excess laser light can result in skin discoloration and blistering. These side effects are expected to dissuade people from opting for these treatments, which would negatively impact the overall photorejuvenation equipment market growth.

Competitive Landscape

Competition section of the photorejuvenation equipment market features profiles of key players operating in the industry based on their market shares, product offerings, differential strategies, company dashboard and marketing approach. Some of the key players featured in this report include Hologic Inc. (Cynosure, Inc.), Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Cutera, Inc., Lutronic Corporation, Beijing Nubway S & T Co., Ltd, and others. The companies offers a wide range of photorejuvenation equipment for applications like vascular lesion removal, hair removal, wrinkle reduction, scar rejuvenation, acne control, freckles, and others. The key manufacturers of photorejuvenation equipment are focusing on new marketing strategies to increase their product penetration and geographical presence in the globalphotorejuvenation equipment.

Definition

Intense pulse light devices employ a range of light wavelengths. IPL equipment works on the principle of selective photothermolysis, thus these devices can be used for a broad range of targets. The LED equipment are used as a painless treatment for applications like premature aging, acne, inflammation, hyper-pigmentation, and others. Laser equipment is devices that are widely used for removal of tattoo, hair, birthmark, and so on. There are different types of laser and wavelength, and usage depends on the type of lesions.

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About the Report

The company conducted a research study on photorejuvenation equipment market for the forecast period 2018 to 2028. The photorejuvenation equipment market report offers a comprehensive evaluation of the business opportunities prevailing in the photorejuvenation equipment market along with insights on the photorejuvenation equipment consumer adoption process, photorejuvenation equipment parent market analysis, ice burg analysis, procedure volume of photorejuvenation by major countries, regulatory scenario, priding analysis, pricing impact analysis, competition blueprint, list of distributors and suppliers for photorejuvenation equipment market. The report explains on the macroeconomic factors influencing the dynamics of photorejuvenation equipment market and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of photorejuvenation equipment market based on product type, modality, end user, and region. The photorejuvenation equipment are used for various applications like scar rejuvenation, acne control, wrinkle reduction, etc. The photorejuvenation equipment are majorly used by hospitals, dermatology clinics, and laser therapy centers. Based on product type the global photorejuvenation equipment market is segmented into Intense Pulsed Light (IPL) equipment, laser equipment, and LED equipment. Laser equipment is further segmented into ablative fractional lasers and non- ablative fractional lasers. Ablative fractional lasers is segmented into CO2 laser and erbium lasers. Non- ablative fractional laser is further segmented into Nd: YAG laser, Er: Glass laser, and others. Based on modality, the global photorejuvenation equipment market is segmented into stand-alone photorejuvenation equipment, and portable/handheld photorejuvenation equipment. Based on end user, the global photorejuvenation equipment market is segmented into hospitals, dermatology clinics, wellness centers, laser therapy centers, and home care settings.  The photorejuvenation equipment market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding China & Japan (APECJ), China, Japan and Middle East & Africa (MEA).

Additional Questions Answered

Some of the additional questions addressed in this report on photorejuvenation equipment market-

What is the revenue potential of photorejuvenation equipment across regions of North America and Europe?

Who are the key competitors in photorejuvenation equipment market and what are their portfolios in photorejuvenation equipment market?

What are major challenges influencing the growth of photorejuvenation equipment market?

How intervention from regulatory authority is shaping the photorejuvenation equipment market growth?

Research Methodology

The photorejuvenation equipment market has been estimated based on install base approach. The photorejuvenation equipment market was first calculated based on average number of photorejuvenation equipment installed in different region/countries. The install base of photorejuvenation equipment was estimated based on the installation of equipment’s in hospitals, dermatology clinics, wellness centers, laser therapy centers, and home care settings globally. Other qualitative factors analyzed during photorejuvenation equipment market estimation include average life span of the photorejuvenation equipment, percentage of new sales of photorejuvenation equipment, actual replacement rate of photorejuvenation equipment, and others. This information is further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of photorejuvenation surgeons) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on photorejuvenation equipment market also includes top trends and macro as well as micro economic factors shaping the photorejuvenation equipment market. With this approach, the report on photorejuvenation equipment market anticipates the industry attractiveness of every major segment in photorejuvenation equipment over the forecast period.

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