The global photorejuvenation equipment market is on an impressive growth trajectory, with its valuation at USD 2,046.8 million in 2021. Industry projections highlight a significant expansion, with the market expected to reach USD 2,182.3 million in 2022 and a remarkable USD 3,168.6 million by 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.4%.
This exponential growth is driven by the rapid evolution of laser technology, which has revolutionized aesthetic treatments. The accessibility and effectiveness of these advanced treatments have surged, leading to increased demand for photorejuvenation equipment worldwide. As technological advancements continue to emerge and the prevalence of skin-related concerns rises, the utilization of photorejuvenation equipment is anticipated to become even more widespread.
Get your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-7559
The increasing adoption of photorejuvenation treatments can be attributed to their non-invasive nature, minimal downtime, and effective results in addressing various skin concerns, including wrinkles, pigmentation, and acne scars. These advantages have made photorejuvenation a preferred choice for individuals seeking aesthetic enhancements, further boosting the market growth.
Key industry players are continuously investing in research and development to introduce innovative solutions that cater to the evolving needs of consumers. These advancements are expected to enhance the efficacy and safety of photorejuvenation treatments, thereby driving further market expansion.
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.
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
A Full Report Overview: https://www.futuremarketinsights.com/checkout/7559
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube