Photorejuvenation Market: Increasing Prevalence of the Skin Problem and Growing Preference of People towards Non-invasive Procedures to Fuel Market Growth

Global Photorejuvenation Market size was valued at USD 622.6 Mn in 2022 and is expected to reach USD 1130.85 Mn by 2029, at a CAGR of 8.9 %.
Photorejuvenation Market Overview
Photorejuvenation is a cosmetic treatment that uses intense pulsed light (IPL), lasers, or photodynamic therapy to improve the materialization of the skin. It helps to reduce the redness of skin, blotchiness and sun damage to provide an even and more radiant complexion. Photorejuvenation treats sun-damaged skin and general skin issues using broad-spectrum light technology. Photorejuvenation is an effective treatment for acne, rosacea and hyperpigmentation. It also helps to reduce common skin problems such as brown spots, melasma, hyperpigmentation, liver spots, and rosacea. Increasing personal disposable income and the growing number of skin surgeries are the growth drivers of the Photorejuvenation industry. Photorejuvenation has been span a broad range of wavelengths, light sources and target chromospheres by commonly categorized into mechanisms based on absorption properties of the light source or laser.

The market report focuses on the drivers, challenges and major restraints of the Photorejuvenation industry. The report contains a comprehensive analysis of the global market's trends, forecasts, and monetary values. The bottom-up approach was used in the report for the estimation of the Photorejuvenation market size. The qualitative and quantitative methods are included in the report for the analysis of the data of the Photorejuvenation market.

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Photorejuvenation Market Dynamics
Increasing prevalence of Skin problems among people to fuel the market growth

Common skin problems such as Acne, Birthmarks, fine wrinkles, and scars are formed due to the blocking of the tiny holes in the skin, overgrowth of blood vessels, the breakdown of collagen and elastin in the skin and tissue damage due to the body's natural healing process. For example. Acne is a chronic inflammatory skin disease that affects the face, chest and generates almost 95 percent prevalence in adolescents. Acne caused due to hormones, heredity, stress and anxiety, medication, diet and pimple popping. Skin injuries and exposure to physical agents including excessive temperature are common in children, resulting in increased skin disease problems. Factors such as the Human Immunodeficiency Virus (HIV), dislocation from home, increasing use of industrial chemicals, changing lifestyles of societies, and warming give rise to the increasing prevalence of skin disorders. The increase in chronic skin diseases is due to environmental factors such as pollution, UV exposure and excessive heat. All these factors drive the growth of the Photorejuvenation Market.

Growing preference of people towards Non-invasive procedures to boosts the market growth

The Non-invasive procedures are easy to access to cutting-edge, secure products and comparatively take a short time. With the increase in self-consciousness, more people are focusing to invest in medical treatments and products to improve their external appearance, especially the male patients exploring Non-invasive procedures. The non-invasive procedures are used natural or artificial UV light to improve skin health conditions. For example, Photorejuvenation treatments use AFT technology to eliminate the signs of aging and vascular and pigmented lesions. The Non-invasive procedures use the targeted energy to heat deeper layers of skin that have stimulated elastin and collagen production and improve skin texture and tone. These procedures are minimal to no pain, less downtime and recovery and little risk of complications. Knowing the above benefits of Non-invasive procedures the more people adopt the procedures such as Photorejuvenation.
Photorejuvenation Market Trends
Advanced technologies in the Photorejuvenation Market are introduced which enable narrowband or selective waveband Intense Pulsed Light. This is one of the more effective technologies which eliminated the need for skin coolants while taking treatments by blocking harmful heating wavelength from coating the skin.

For Example

Candela’s patented SWT Dual-Filter Technology: It is used for Nordlys platform. SWT applicators offer sub-millisecond pulses and enhance the precision with which doctors have been targeting vascular lesions.
Photorejuvenation Market Restraints
High Costs of the Photorejuvenation Treatment

• Photorejuvenation is a more expensive treatment than chemical peels or microdermabrasion.
• It is not suitable for darker skin and needs multiple sessions Skin redness, tenderness and swelling has been sometimes last from 2 days to 1 week post-treatment.
• Intense Pulsed Light (IPL) Photorejuvenation has minor side effects that are probable immediately after the procedures as follows and last from a few hours to several days.
• Crusting–treated dark spots sometimes harden and flake.
• Small blisters –It appears but blench fairly quickly.
• Redness – is common and fades within a few hours.
• Minor swelling – an ice pack has been reducing any swelling should it occur.
• Temporary brown spots –sometimes last for as long as a week.
Photorejuvenation Market Segment Analysis
By Product

On the basis of the product, the market is divided into Intense Pulsed Light, Laser Equipment and LED Equipment. In 2022, the Intense Pulsed Light segment dominated the market and is expected to maintain its dominance over the forecast period. Intense Pulsed Light help to reduce the signs of aging, remove unwanted hair lighter darker patches of skin and improve scars and spider veins appearance. It is a widely used device for Photorejuvenation therapy to treat several skin disorders. The IPL provides very high energy to the skin and produces broad bandwidth of light wavelength. IPL uses a broad spectrum of light primarily absorbed by melanin and oxyhemoglobin and is more effective in reducing the appearance of sunspots, capillaries, elastics and fine lines. Dermatologists and aestheticians have high benefits from IPL Photorejuvenation in their arsenal. The Intense Pulsed Light has needed a few recovery times and slight side effects, making it a more popular skin treatment.IPL is also performed over a tattoo, IPL energy has been converted into thermal energy once it’s contacted with the pigment available in tattoo ink, dissolving the ink and causing severe burns to the skin.

By Modality

Based on the Modality, the market is segmented into Portable and Standalone. Standalone held the largest market share in 2022 and is expected to grow the market at the highest CAGR during the forecast period. The portable segment reduces the number of sessions needed for aesthetic treatments and also reduces the treatment costs and hospital stays. The increasing preference of consumers for portable devices rather than standalone also helps to influence the growth of this segment.

By End-Users

On the basis of End-Users, the market is segmented into Hospitals, Dermatology Clinics and Others. The hospital segment is expected to dominate the market with a significant CAGR throughout the forecast period. Photorejuvenation is a suitable treatment for patients suffering from chronic sun damage, and rosacea and is basically available in hospitals. The rising geriatric population faces the problems of wrinkles, increasing prevalence of skin disorders due to pollution and environmental effects are the influencing factors that drive the growth of the market.
Photorejuvenation Market Regional Insights
North America held the Photorejuvenation Market with the largest market share and is expected to grow at the highest CAGR for the market over the forecast period. The increase in the geriatric population, the increasing number of people associated with skin diseases and the presence of well-established manufacturers. The United States is the major market for Photorejuvenation and helps to drive the regional growth of the market. The advancements in Photorejuvenation such as Intense Pulsed Light treatment moderate the various inflammatory acne. The light radiations of the IPL destroy the skin’s acne-causing bacteria and reduce the frequency of the outbreaks. Effective and quicker treatment of Photorejuvenation therapy resulted in to increase in the demand for Photorejuvenation from the healthcare, asthenic, dermatology and other sectors.

Asia Pacific is expected to have a significant Photorejuvenation Market during the forecast period. The regional market is driven by the increase in the incidences of skin disorders, the rise in population, increasing expenditure on the healthcare sector, growing awareness about Photorejuvenation treatment, rising disposable income, rising initiatives by the government, and growing research and development activities.
Photorejuvenation Market Competitive Landscape
The Competitive Landscape of the Photorejuvenation market covers the number of key companies, company size, their strengths, weaknesses, barriers and threats. It also focuses on the power of the company’s competitive rivals, potential, new market entrants, customers, suppliers and substitute products that drive the profitability of the companies in the Photorejuvenation industry. The global Photorejuvenation markets include several market players at the country, regional and global levels. Some of the key companies in the Photorejuvenation industry are Candela Medical, Cynosure Inc., Cutera Inc., Fotona, Lumenis, lynton lasers ltd, Venus Concept, Lutronic Corporation, Fotona, Deka Laser, Beijing Nubway S&T Co.,Ltd and others. These key players have adopted many strategies such as mergers and acquisition collaboration, agreements and geographical expansion pricing investments and expansion of the product portfolio, for the enhancement of the Avascular Necrosis industry. These companies also focus to increase their research and development activities about their Photorejuvenation therapy. They have been introducing and innovating some advancements in this therapy to expand their product portfolio.

Venus Concept Inc, announces FDA 510(K) clearance for Venus Viva MD: Venus Viva is a new skin rejuvenation solution with differentiated features that permit clinicians in the traditional aesthetics community to treat skin conditions. The Venus Viva MD is a portable and versatile tabletop device that enables treatments with two applicators. By using the new Viva MD applicator, the Venus Viva MD device is advised for use in dermatological procedures that need ablation and resurfacing of the skin conditions such as acne scars, dyschromia, striae and enlarged pores. The Viva MD applicator is a fractional headpiece that provides a new 80-pin tip design that doubles the output energy up to 124mJ per pin electrode as compared to the 160-pin tip option applied with the existing Venus Versa and Viva devices. The 80-pin tip output provides an increased depth of ablation and it also enhances treatment outcomes during maintaining the safety profile.
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Photorejuvenation Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 622.6 Mn


Forecast Period 2023 to 2029 CAGR:
8.9 %
Market Size in 2029:
USD 1130.85 Mn


 Segments Covered:
by Product
• Intense Pulsed Light
• Laser Equipment
• LED Equipment


by Modality
• Portable/handheld Photorejuvenation devices
• Standalone Photorejuvenation Devices


by Application
• Acne
• Wrinkles
• Rosacea
• Freckles
• Others


by End-Users
• Hospitals
• Homecare
• Dermatology clinics
• Beauty clinics
• Others



Photorejuvenation Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC)
• South America (Brazil, Argentina Rest of South America)
• Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)
Photorejuvenation Key Players
• Candela Medical
• Cynosure Inc.
• Cutera Inc.
• Fotona
• Lumenis
• lynton lasers ltd
• Venus Concept
• Lutronic Corporation
• Fotona
• Deka Laser
• Beijing Nubway S&T Co.,Ltd
• Nubway
• Biolitec AG
• Syneron Medical Ltd.

Frequently Asked Questions:

1] What is the growth rate of the Global Photorejuvenation Market?
Ans. The Global Photorejuvenation Market is growing at a significant rate of 8.9 % during the forecast period.

2] Which region is expected to dominate the Global Photorejuvenation Market?
Ans. North America is expected to dominate the Photorejuvenation Market during the forecast period.

3] What is the expected Global Photorejuvenation Market size by 2029?
Ans. The Photorejuvenation Market size is expected to reach USD 1130.85 Mn by 2029.

4] Which are the top players in the Global Photorejuvenation Market?
Ans. The major top players in the Global Photorejuvenation Market are Candela Medical, Cynosure Inc., Cutera Inc., Fotona, Lumenis, lynton lasers ltd, Venus Concept, Lutronic Corporation, Fotona, Deka Laser, Beijing Nubway S&T Co.,Ltd and others.

5] What are the factors driving the Global Photorejuvenation Market growth?
Ans. The increasing prevalence of the skin problem and people’s growing preferences towards non-invasive Procedures are expected to drive market growth during the forecast period.