The global photo rejuvenation devices market comprises laser, intense pulsed light devices, and LED light therapy that helps reduce signs of sun damage, fine lines, wrinkles, and age spots. These non-invasive cosmetic procedures help reverse the cutaneous signs of aging. Factors such as rising geriatric population, increasing disposable income, and growing preference toward minimally-invasive procedures are fueling the adoption of photo rejuvenation treatments. The Global Photo Rejuvenation Devices Market is estimated to be valued at US$ 0.93 Mn in 2024 and is expected to exhibit a CAGR of 3.8% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Global Photo Rejuvenation Devices Market Share are Mylan N.V., Bristol-Myers Squibb, Dr Reddy's Laboratories, Teva Pharmaceuticals USA, Inc., AstraZeneca, Genentech, Eli Lilly and Company, Panacea Biotec, CHIESI USA, Inc., Lupin, Cipla, and Biocon. The growing demand for non-invasive aesthetic treatments among consumers is a major factor driving the photo rejuvenation devices market. Various technical advancements such as the development of portable, easy-to-use devices with advanced filtering and pulse duration features are expanding the application areas of photo rejuvenation devices.
Market Trends
Increasing Adoption of At-Home Photo Rejuvenation Devices - Manufacturers are focusing on developing affordable, handheld photo rejuvenation devices for home use. This is expected to further drive the adoption of photo rejuvenation treatments.
Rise of Combination Therapies - Combining photo rejuvenation therapies with other modalities such as dermal fillers, botox, and skin needling is gaining popularity. This leads to better clinical outcomes.
Market Opportunities
Emerging Markets in the Asia Pacific and Latin America - With growing aesthetic awareness and disposable income in developing Asian countries, there lies huge growth opportunities for photo rejuvenation devices in Asia Pacific.
Adjunct Applications in Dermatology - Development of combination protocols utilizing photo rejuvenation devices along with other dermatological therapies can further widen its scope of applications.
Impact of COVID-19 on the Global Photo Rejuvenation Devices Market
The COVID-19 pandemic has significantly impacted the growth of the photo rejuvenation devices market globally. During the initial months of the pandemic in 2020, most countries went under nationwide lockdowns and restrictions were imposed on non-essential medical procedures and aesthetic treatments to avoid unnecessary exposure and prioritize critical care. This led to the temporary closure of clinics and centers offering photo rejuvenation treatments. The demand for such procedures and devices significantly declined during this period. However, with the gradual lifting of restrictions from mid-2020, the market started recovering. The hospitals and clinics resumed photo rejuvenation services with strict safety protocols like social distancing, sanitization, and use of PPE kits. Many providers also started offering virtual consultations and at-home treatment options using portable handheld photo rejuvenation devices to minimize in-person visits. With growing awareness about treatment options to reduce aging signs and boost confidence, the demand is projected to increase steadily in the coming years. Market players are also focusing on developing advanced devices with enhanced safety features and portability to cater to the evolving needs of consumers and practitioners in the post-pandemic world.
Regions with Maximum Concentration in the Global Photo Rejuvenation Devices Market
In terms of value, North America holds the largest share in the global photo rejuvenation devices market, followed by Europe. The significant concentration of major market players and established cosmetic clinics in countries like the US and Germany has boosted the regional market growth over the years. In the US alone, non-surgical cosmetic procedures worth over USD 16 billion are performed annually. The growing medical tourism industry in Latin American countries is driving the market in Central and South America. However, Asia Pacific region is witnessing the fastest growth and emerging as the most lucrative market for photo rejuvenation devices. Rising disposable incomes, increasing disposable incomes, growing middle-class populations seeking aesthetic treatments in countries like China, India, Japan, and South Korea are fueling the APAC market growth.
Fastest Growing Regional Market for Photo Rejuvenation Devices
Asia Pacific region is projected to witness the highest CAGR in the global photo rejuvenation devices market during the forecast period. The primary factors responsible for the rapid growth include growing medical tourism industry in the region, increasing affordability of aesthetic procedures, rising trend of non-invasive and minimally-invasive treatments, and surging demand for anti-aging therapies among middle-aged populations in developing Asian countries. For instance, India, Thailand, Malaysia, and Singapore have emerged as popular destinations for medical tourists seeking cost-effective aesthetic solutions. The expanding network of dermatologists, plastic surgeons, and skin clinics adopting advanced equipment is boosting the demand. Moreover, improving healthcare infrastructures and initiatives by local governments to promote medical aesthetics will continue to support the market expansion.
Get more insights on this topic: Global Photo Rejuvenation Devices Market
Photo Rejuvenation Devices Market: IntroductionPhoto rejuvenation is another form of facial rejuvenation that utilizes broad wavelength light that is absorbed by brown and red pigments present under the skin.
The photo rejuvenation process leads to the distribution of energy to both epidermal as well as deep layers of the skin but damages the epidermis.
Additionally, these results help to provide smooth as well as soft texture to the skin and diminish fine lines or wrinkles on the face.
Generally, these treatments are implemented on the body areas that display signs of photo aging and others.The global photo rejuvenation devices market is anticipated to expand at a rapid pace during the forecast period, owing to rise in awareness about cosmetic treatments and the desire to stay and look young.Request COVID Analysis on Photo Rejuvenation Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=72837 Key Drivers of Global Photo Rejuvenation Devices MarketThe aesthetic industry has been growing at an exponential rate, as large part of the population is inclined toward enhancing their appearance.
This is expected to drive the global photo rejuvenation devices market during the forecast period.Increase in disposable income is resulting in improved living standards of people in developed and emerging economies of the world.
This factor is expected to fuel the global photo rejuvenation devices market during the forecast period.Pre Book Photo Rejuvenation Devices Market Report – https://www.transparencymarketresearch.com/checkout.php?rep_id=72837=S High Risks Associated with Photo Rejuvenation Devices Hamper MarketFew risks associated with treatments using photo rejuvenation devices, include itching, redness, and swelling of the skin with chances of hyperpigmentation, scarring, blistering, and in rare cases, infectionsBurning of skin during treatments for skin resurfacing, skin rejuvenation, and other facial treatments has been a major source of concern.
