The global photorejuvenation equipment market is experiencing significant growth, with its valuation reaching USD 2,182.3 million in 2022. Industry forecasts anticipate the market will soar to USD 3,168.6 million by 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2028.
This impressive growth trajectory is driven by the rapid advancements in laser technology, which have revolutionized the field of aesthetic treatments. Photorejuvenation procedures, known for their non-invasive nature, minimal recovery time, and effectiveness in addressing skin concerns such as wrinkles, pigmentation, and acne scars, have seen a surge in demand worldwide. These treatments offer a highly accessible solution for individuals seeking aesthetic enhancements, fueling the widespread adoption of photorejuvenation equipment.
As skin-related concerns become more prevalent and technological innovations continue to emerge, the photorejuvenation market is poised for further expansion. The industry’s leading players are heavily investing in research and development to introduce cutting-edge solutions that cater to evolving consumer needs. These advancements are expected to enhance the safety and efficacy of photorejuvenation treatments, ensuring sustained market growth.
With the growing popularity of non-invasive aesthetic procedures and the continuous evolution of photorejuvenation technologies, the global market is well-positioned for continued success.
Key Takeaways: Photorejuvenation Equipment Market
- The global photorejuvenation equipment market is expected to grow significantly, reaching USD 3,168.6 Million by 2028 at a CAGR of 6.4%.
- Rising skin health awareness and prevalence of skin conditions like acne are driving a 22% market share in North America.
- People are opting for IPL-based photorejuvenation due to its minimal downtime and effectiveness.
- Europe is experiencing a surge in cosmetic procedures, particularly non-invasive ones, fueled by an aging population seeking to maintain a youthful appearance. Europe is expected to hold a 28.1% market share in 2022.
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Photorejuvenation Equipment Market – Competitive Landscape:
Leading photorejuvenation equipment manufacturers are focusing on growth strategies such as acquiring small and medium-sized companies and strengthening their market presence through extensive seasonal marketing campaigns.
- In March 2021, Lumenis Ltd. announced its planned acquisition by Boston Scientific for an upfront cash payment of $1.07 billion. This transaction is facilitated by an affiliate of Baring Private Equity Asia (BPEA), which will retain ownership of Lumenis’s global aesthetics and ophthalmology business.
- Lynton Lasers Ltd. has launched a seasonal marketing campaign to boost sales of its premier facial treatment for 2021. Named “BRIGHTER SKIN BRIGHTER YOU,” the campaign will highlight the various benefits of its illumiFacial® treatment throughout the year.
Key Companies Profiled:
- 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
Key Segments Covered in the Photorejuvenation Equipment Report:
Photorejuvenation Equipment by Product Type:
- Intense Pulse Light (IPL)
- Laser Equipment
- Ablative Fractional Laser
- CO2 Laser
- Erbium YAG Laser
- Non-Ablative Fractional Laser
- Nd: YAG Laser
- Er: Glass Laser
- Others
- LED Equipment
Photorejuvenation Equipment by End User:
- Hospitals
- Dermatology Clinics
- Wellness Centres
- Laser Therapy Centres
- Home Care Settings
Photorejuvenation Equipment by Modality:
- Standalone Photorejuvenation Equipment
- Handheld/Portable Photorejuvenation Equipment
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