Photorejuvenation Equipment Market - Forecast(2022 - 2027)

Report Code: HCR 0653 Report Format: PDF + Excel

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. 

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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

North America has dominated the regional segments for the year 2020 and had a market share of 38.1%. It is also positioned favourably for the years ahead. The reason for higher demand in the following geography is attributed to the rising skin diseases in the geriatric population. The USA elder population is set to outgrow the younger population by the year 2044, which in turn will make the cases for skin diseases prevalent in the demography. Another reason for a higher demand is owing to higher cases of atopic dermatitis in the younger population. With an increase in disposable income, the population will be able to procure skin therapy sessions such as photorejuvenation which will, in turn, propel the market forward. 

Photorejuvenation Equipment Market Drivers

Safe and Non-Invasive

While comparing it to other skin treatments like chemical peel the procedure for performing the photorejuvenation is safe, and patients almost have no side effects following the procedure. The following methods provide a pain equivalent of a snapped rubber band, and most patients feel comfortable and safe throughout the procedure.

Less time consuming

The sessions are generally short in time and are often less time consuming than other skin therapies and treatments. The use of LED lights and Intense pulsed light covers a broader area of the affected skin, which in turn helps the procedure time to be cut short.

Photorejuvenation Equipment Market Challenges

Higher Costs involved

The costs involved in the procedures are comparatively higher than chemical peels and other skill-related treatments. Typically the cost for taking a professional IPL treatment is $400-$600 for each visit while the cost involved for the procedure such as chemical peel is around $150-$200. The following challenge can hamper the market growth.

Market Landscape

The industry has adopted strategies such as mergers and acquisitions, product launches and developments to propel the industry. The top 10 companies operating in the photorejuvenation equipment market are Abbott Medical Optics, Biolitec AG, Lumenis Ltd., Candela Corporation, Erchonia Medical, LISA Laser Products, Alcon Inc, Deka Laser, Nidek Company Ltd, and Vascular Soultion Inc.

Product Launches

In February 2020, Venus Concept launched a product by the name of Venus Viva. The product positions the company on the topmost tier, as the product offers solutions for photorejuvenation with minimal downtime. The added applications for Venus Viva is that it can assist in ablation and resurfacing of the skin, and also can be used as a non-invasive wrinkle reduction technique.

Relevant Titles

Acne Vulgaris Market
Report Code- HCR 0108

Atopic Dermatitis Market
Report Code- HCR 0147

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1. Photorejuvenation Equipment Market - Market Overview
    1.1 Definitions and Scope
2. Photorejuvenation Equipment Market - Executive Summary
    2.1 Market Revenues and Key Trends by Company
    2.2 Key Trends by Product
    2.3 Key Trends by Applications
    2.4 Key Trends by Modality
    2.5 Key Trends by Geography 
3. Photorejuvenation Equipment Market - Comparative Analysis
    3.1 Product Benchmarking- Key Companies
    3.2 Financial Analysis- Key Companies
    3.3 Market Share Analysis- Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Photorejuvenation Equipment Market - Startup Companies Scenario
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Photorejuvenation Equipment Market - Industry Market Entry Scenario Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Photorejuvenation Equipment Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter Five Forces Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Power of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of Substitutes
7. Photorejuvenation Equipment Market - Strategic Analysis
    7.1 Value- Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Photorejuvenation Equipment Market -By Product (Market Size- $Million/$Billion)
    8.1 Intense Pulsed Light
    8.2 Laser Equipment
    8.3 Light Emitting Diode
    8.4 Others
9. Photorejuvenation Equipment Market – By Application (Market Size- $Million/$Billion)
    9.1 Skin Diseases
    9.2 Birthmark Removal
    9.3 Hair Removal
    9.4 Others
10. Photorejuvenation Equipment Market- By Modality (Market Size- $Million/$Billion)
    10.1 Standalone
    10.2 Portable
11. Photorejuvenation Equipment Market - By Geography (Market Size- $Million/$Billion)
    11.1 North America
        11.1 U.S.
        11.2 Mexico
        11.3 Canada
    11.2 Europe
    11.4 U.K.
    11.5 France
    11.6 Germany
    11.7 Italy
    11.8 Spain
    11.9 Russia
    11.10 Rest of Europe
        11.3 Asia Pacific
    11.11 China
    11.12 India
    11.13 Japan
    11.14 South Korea
    11.15 Australia & New Zealand
    11.16 Rest of Asia Pacific
        11.4 South America
    11.17 Brazil
    11.18 Argentina
    11.19 Rest of South America
        11.5 Rest of the World
    11.20 Middle East
    11.21 Africa
12. Photorejuvenation Equipment Market Entropy
13. Photorejuvenation Equipment Market - Industry/ Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share- Key Companies
        13.1.2 Market Share by Region- Key Companies
        13.1.3 Market Share by Country- Key Companies
        13.1.4 Best Practices for Companies
14. Photorejuvenation Equipment Market - Key Company List by Country Premium (Premium)
15. Photorejuvenation Equipment Market -Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.10 Company 10 and more
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