Skin Rejuvenation Devices Market – Creating Younger Prospects By Leading Key Players: Cutera Inc., Hologic, Inc., Lutronic Corporation, Syneron Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc., BISON MEDICAL, Solta Medical Inc

Skin rejuvenating device are highly utilized with increased preference for minimally invasive aesthetic procedures that cures skin problems. According to the report by International Society of Aesthetic Plastic Surgery titled Global Aesthetic Survey Results published in the 2017, around 14% rise was reported in skin rejuvenation procedures worldwide in 2016. According to same source, around 2,545,922 facial rejuvenation surgeries were conducted worldwide in 2016.

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Furthermore, increased prevalence of skin related disorders and rise in old age population is expected to propel demand for the skin rejuvenation devices. According to a study published in the British Journal of Dermatology, in 2015, around 9.4% of global population was estimated to be affected by acne. Furthermore, Photon-based therapy and lased-based therapy are emerging as new trend in acne scars treatment, which would contribute to market growth of the skin rejuvenation devices market.

According to 2017, Plastic Surgery Statistics Report by American Society for Plastic Surgeons, around 667,561 and 656,781 intense pulsed light treatment for skin resurfacing procedures in the U.S. were conducted in 2017 and 2016 respectively. According to same source, around 740,287 microdermabrasion procedures were conducted in 2017. Such high number of skin rejuvenation procedures are expected to drive the skin rejuvenation devices market growth.

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However, lack of reimbursement for skin rejuvenation procedures by insurance companies is expected to limit the utilization of the procedure, in turn restraining growth of the market. According to the American Society of Plastic Surgeons (ASPS), each session of the non-ablative laser treatments cost around US$ 1,031 per session, while ablative treatments cost around US$ 2,330 per session.

For instance, according to a statistics, India issued more than 0.17 million medical visas in 2016, including for follow up treatment, as against 0.12 million in 2015. According to the International Society of Aesthetic Plastic Surgery (ISAPS) report, in 2016, the top five countries – the U.S., Brazil, Japan, Italy, and Mexico – accounted for around 41.4% of the world’s cosmetic procedures, followed by Russia, India, Turkey, Germany, and France.

In January 2018, Korea-based Lutronic launched a new laser device Lase MD for skin rejuvenation. It is 1,927 nm Thulium laser, which is designed to provide customized skin resurfacing to patients of all ages and skin-type, through fractionated treatments with minimal downtime. The laser with device creates micro-channels with minimal disruption to the outermost layer of the skin, stratum cornium, and leaves the tissues untouched for better permeability and fast healing. In April 2017, BISON MEDICAL’s CYMA clinic CO2 laser system was granted with 510(k) clearance from the U.S. FDA. It opened up strong market such as U.S. which has world highest annual skin cosmetic procedures for this laser system

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Key players operating in the skin rejuvenation devices market include Cutera Inc., Hologic, Inc., Lutronic Corporation, Syneron Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc., BISON MEDICAL, Solta Medical Inc., Lynton Lasers Ltd., and EL.En. S.p.A., Sciton, Inc., Fotona D.O.O. and Alma Lasers, Ltd.

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