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Photorejuvenation Devices Market: Global Opportunity Analysis and Industry Forecast, 2020-2030

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Sep 2021 | 39 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Photorejuvenation is the process of using laser and light sources for returning skin to a more youthful appearance. The ultraviolet rays of the sun cause cutaneous changes such as damage to collagen, solar elastosis, telangiectasia, lentiginous, and rhytid formation; the collective description of these negative effects is photo damage. Photorejuvenation is a treatment that uses intense pulsed light (IPL), a non-laser light source, to fix pigmentation issues, like sun damage, brown spots, and freckles, and vascular abnormalities such as redness, broken capillaries, spider veins, and rosacea. Photorejuvenation also minimizes pore size and fine lines, stimulates dormant skin cells, and promotes new collagen to grow. IPL technology works by emitting high-intensity pulses of broadband light deep into the skin without harming the surface area. A highly advanced built-in computer controls the range and frequency of the light to target and collapse damaged blood vessels and/or melanin, while normal surrounding skin tissue is hardly affected.

Market scope and structural analysis:

Report Metric

Details

 Market size available for years

 2020-2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

 Type, modality, end-users, and region.

 Geographies covered

•North America

•Europe

•Asia-Pacific

•LAMEA

 Companies covered

Abbott Medical Optics, AESCULIGHT LLC, Alcon Inc., Biolitec AG., Candela Corp., Deka Laser, Dornier Medtech GMBH, Erchonia medical, LISA laser products, Lumenis Ltd., Nidek company ltd., and Vascular solution Inc.

 

Covid-19 Scenario analysis:

COVID-19 was recognized in December 2019. It was rapidly shown to be caused by a novel coronavirus that is structurally related to the virus that causes severe acute respiratory syndrome (SARS). The goal of every institution (medical or otherwise), practice, physician, patient, and human being is to do whatever is necessary to slow the spread of the virus. The purpose of this is twofold — to avoid infecting another person individually and also try to keep illness at bay so that the health care system is not overwhelmed. The COVID-19 pandemic has been posing measurable impact on the Global economy and, in turn, on the Dermatology devices Market. Quarantines, traveling constraints, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of Pandemic caused quarantine putting on hold all non-essential medical services including dermatology services.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Increased awareness for skin treatments:

Increasing prevalence of skin disorders directly contributes to increased demand for photorejuvenation devices and fosters the market growth. In addition, growing awareness among the population about non-invasive surgeries with reduced side effects when compared with other surgical surgeries is also increasing the adoption of non-invasive photorejuvenation devices.

Cost efficient

Cost effectiveness of photorejuvenation over its counterparts such as plastic surgery is one of the major drivers of the market. In addition photorejuvenation treatments take little or no downtime and cause very few side effects compare to other skin treatment methods. More over the growing inspiration to look young and charming among the aging population is further driving the global photorejuvenation equipment market. Also, minimally invasive nature of these procedures followed by low cost of the procedures in comparison with other surgeries. In addition, low turnaround time coupled with few side effects will further fuel the market growth.

Multiple application and minimum invasive nature:

The procedure induces controlled wounds on the skin, prompting it to heal itself by creating new cells. The use of photorejuvenation therapy is very extensive and often used as an alternative for expensive skin treatments such as plastic surgery. Photorejuvenation based skin treatments are used broadly in various skin diseases such as acne, acne scars, rosacea, matted telangiectasia, lentiginous cherry, angioma and spider angioma, red or blue facial and leg veins. It is also used in applications such as birthmark and tattoo removal, and hair removal. Photorejuvenation technology practices high intensity light emitting device (such as laser and LED). It is useful in enhancing skin quality, removal of fine wrinkles from the facial skin, removal of skin marks and spots, and some of the other treatment such as age spots, sun spots and freckles.

Restrains:

Suspicion of skin cancer around the treatment area, speculation regarding hypersensitivity to light and sometime unrealistic expectations of consumers, are acting as some of the major challenges for the global photo rejuvenation equipment market. Also high cost associated with aesthetic devices and strict regulation towards rejuvenation may restrain the growth of market within the forecast period.

Regional analysis:

North America is expected to account for the largest share of the photorejuvenation devices market. Increasing awareness regarding minimally invasive aesthetic procedures among consumers is expected to drive photorejuvenation devices market in this region. As an evident, cosmetic treatments are on the rise and will pave the way for innovative non-invasive procedures over the coming recent years. Asia Pacific is expected to witness at a significant growth over the forecast period. Increasing healthcare expenditure and growing awareness coupled with government initiatives are expected to drive the growth of the photorejuvenation devices market in this region. Countries like Japan, China, and India are expected to be the fastest-growing countries in the Asia Pacific market.

Key segments covered:

Segments

Sub-segments

 Type

  • Intense Pulsed Light (IPL)
  • Laser Equipment
  • Non-ablative Fractional Laser
  • LED Equipment

 Modality

  • Standalone Photorejuvenation Devices
  • Portable/handheld Photorejuvenation Devices

 End Users

  • Hospitals
  • Dermatology Clinics
  • Home Care Settings

 

Key benefits of the report:

  • This study presents the analytical depiction of the global Photorejuvenation devices industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global photorejuvenation devices market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the global photorejuvenation devices market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the photorejuvenation devices market.
  • The report provides a detailed global Photorejuvenation devices market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Photorejuvenation Devices Market Research Report:

  • What are the leading market players active in the photorejuvenation devices market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the photorejuvenation devices market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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