The global photorejuvenation equipment market is on an impressive growth trajectory, with its market value reaching USD 2,182.3 million in 2022. Industry projections indicate that the market will surge to USD 3,168.6 million by 2028, reflecting a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2028.
This growth is primarily driven by rapid advancements in laser technology, which have revolutionized aesthetic treatments. Photorejuvenation procedures, recognized for their non-invasive nature, minimal recovery time, and ability to address a range of skin concerns such as wrinkles, pigmentation, and acne scars, are becoming increasingly popular among consumers worldwide. These treatments provide a highly accessible solution for individuals seeking aesthetic enhancements, contributing to the growing demand for photorejuvenation equipment.
As skin-related concerns become more prevalent across global populations, coupled with continuous technological innovations, the photorejuvenation market is poised for sustained expansion. Industry leaders are heavily investing in research and development to introduce cutting-edge solutions that cater to evolving consumer needs. These advancements are expected to further enhance the safety, efficacy, and accessibility of photorejuvenation treatments, ensuring the market’s ongoing success.
With the increasing preference for non-invasive aesthetic procedures and the continual evolution of photorejuvenation technologies, the global photorejuvenation equipment market is positioned for remarkable growth, offering new opportunities for industry stakeholders and a brighter future for aesthetic treatments worldwide.
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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