Photorejuvenation Equipment Market - Forecast(2022 - 2027)

Photorejuvenation Equipment Market Overview

The Photorejuvenation market is set to register a CAGR of 7.1% over the forecast period of 2021-2026. It has posted a market value of $380.1 Million in the year 2020. Photorejuvenation is a non-invasive skin treatment method, which is predominantly used for treating skin diseases, birth scars, wrinkles, multi-colour discolouration and other conditions. It is also used to treat acne, as the blue light of the LED focuses on the production of collagen in the targetted skin area, thereby killing the bacterias present. Angioma, a common skin lesion caused by a collection of blood vessels, can be rectified by the treatment through photorejuvenation. Plastic surgery can also be performed with the help of intense pulsed light. The majority of the demand within the industry is owed to the rising skin diseases amongst the selected population. It is also owed to the non-invasive procedure. Another merit for opting for this treatment is that it can be used across the body, with minimal side effects and with almost no recovery time. The usage of products such as IPL- Intense Pulsed Light and LED- Light Emitting Device are done to stimulate the dormant cells that will in turn help with collagen production. Owing to the listed factors, the photorejuvenation equipment industry poses a moderate outlook in the market.

Report Coverage

The report: “Photorejuvenation Equipments Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Photorejuvenation Equipments Market.
By-Products: LED- Light Emitting Devices; IPL- Intense Pulsed Light; Laser Equipments and others.
By Application: Skin Diseases, Birth Marks removal, Hair Removal and others.
By Modality- Standalone and Portable.
By Geography- - North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa)

Key- Takeaways

• North America will reign over the photorejuvenation equipment market owing to the rising geriatric population, and the associated skin diseases.
• Photorejuvenation offers benefits over other skin therapy procedures, which makes its future look optimistic.
• Strength, Weaknesses, Opportunities and Threats will be provided in our premium report.
• A major challenge for the industry is the costs associated with the treatments, as they are potentially priced higher than the other techniques. 

Photorejuvenation Equipment Market Segment Analysis- By Product

The photorejuvenation equipment market is bifurcated into tree subcategories namely- Intense Pulsed Light, Light Emitting Diode and Laser Treatment. Intense Pulsed Light dominated the market in the year 2020. The reason associated with a surge in demand was an increase in skin diseases in the geriatric population. The technology of Intense Pulsed Light uses a broad spectrum of lights which potentially delivers higher energy than LED, which makes it a proficient method. Owing to the higher energy, the light is absorbed by the skin more deeply. The demand for intense pulsed light is to treat hard marks such as port-wine stains or vascular lesions. Melanoma, malignant skin cancer has struck Europe and North America and the numbers are bound to grow at a higher rate. As of 2018, the total number of patients who were suffering from cancer was 144,200, which is estimated to grow at a rate of 3-7% in the majority of the European countries. Treatment from intense pulsed light has been widely used to mend cancer at the early stage, thereby preventing death by a margin of 95%. 

The intense pulsed light will grow at the fastest CAGR of 7.4% over the forecast period of 2021-2026. This is owing to the greater benefits the IPL form offers over the LED. IPL treatment has the capacity to deliver a variety of wavelengths which in turn makes it a favorable choice for the patients with varied diseases and conditions. IPL’s demand will also be fueled by their use to cure skin cancer.

Photorejuvenation Equipment Market Segment Analysis- By Application

By application, the photorejuvenation equipment market is separated into the following categories- skin diseases, birthmark removals, hair removal and others. Skin Diseases dominated the segment in the year 2020. The rising demand for the following subsegment was subject to a rise in cases of acne, skin cancer, atopic dermatitis, rosacea in the geriatric population. In the USA, Skin Cancer is the most common form of cancer, with staggering numbers of 9500 cases per day. Of which, melanoma is found to be present in 1 million of the entire population, and the number for which are continually increasing. Laser therapy and IPL are the most common techniques to cure cancer at early stages. Atopic Dermatitis, another skin disease is prevalently found in the region of North America- with a probability of 10% throughout one’s lifetime. Atopic Dermatitis, can be treated with photorejuvenation techniques.

The application segment of skin diseases at the fastest CAGR of 7.8% over the forecast period of 2021-2026. With elevated pollution levels, and a higher exposure to ultraviolet rays, the skin cancer numbers will increase at a rapid rate in the coming decades.

Photorejuvenation Equipment Market Segment Analysis- By Geography