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Photorejuvenation Market- Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5177957
  • Report
  • August 2020
  • Region: Global
  • 117 pages
  • Mordor Intelligence
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until Dec 31st 2020
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FEATURED COMPANIES

  • Candela Corporation
  • Cutera Inc.
  • Cynosure Inc.
  • Fotona
  • LISA Lasers
  • Lumenis
  • MORE
The photorejuvenation market is expected to register a CAGR of 6.5% over the forecast period. The key contributors in the market growth are rising burden of skin diseases and the rising preferences of people towards non-invasive procedures. According to the Institute of Health Metrics and Evaluation, 2017, skin diseases contributed to around 1.76% of the total global burden diseases which are measured in DALYs. Skin disorders largely depend on the age, as age increases the risk of acquiring skin disorder also increases. Some of the reasons include changes in the connective tissue, reduction in the skin's strength and elasticity, and reduction in secretions from sebaceous glands. Hence, these factors are expected to fuel the demand for photorejuvenation market growth.

Key Market Trends

Intense Pulsed Light Segment is Expected to Exhibit a Significant Market Growth in the Photorejuvenation Market

Intense Pulsed Light uses high intensity light source that emits non-coherent and polychromic light in photorejuvenation in this segment. It is one of the most widely used device in photorejuvenation therapy for treating various skin conditions. One of the main advantage of this devices are it’s larger pore size which allows treatment of various skin conditions simultaneously.

Furthermore, photorejuvenation is seen as one of the effective therapy for treating skin cancer. According to the Globocan, 2018, the malignant melanoma is increasing at the rate of around 3% -7% in many European countries and 2.6% in the United States. Hence, with the growing burden of skin disease and the benefits of intense pulsed light is expected to propel the market growth in this segment.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to be a dominant region in the Photorejuvenation market owing to increasing number of geriatric population and associated skin diseases. As per the data of U.S. Census of Bureau, in 2018, around 52 million people are aged 65 years and above. Furthermore, according to the American Journal of Managed Care (AJMC), 2017, the prevalence of atopic dermatitis in children were found to be around 10.7% while in adults it was accounted to be around 7.2% in the United States. Photorejuvenation therapy is one of the majorly used therapy for treating skin conditions and hence, it is expected to boost the market growth in this region over the forecast period.

Competitive Landscape

Some of the well-known companies that are operating in the Photorejuvenation market include Venus Concept, Cynosure Inc., Lumenis, Lynton Lasers Ltd., Fotona, Candela Corporation, Cutera Inc., Lutronic Corporation and LISA Lasers, among others.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Candela Corporation
  • Cutera Inc.
  • Cynosure Inc.
  • Fotona
  • LISA Lasers
  • Lumenis
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Number of Cases Related to Skin Diseases
4.2.2 Rising Preferences of Non-invasive Methods
4.3 Market Restraints
4.3.1 High Cost of Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Intense Pulsed Light
5.1.2 Laser Equipment
5.1.3 LED Equipment
5.2 By Modality
5.2.1 Standalone
5.2.2 Portable
5.3 By End User
5.3.1 Hospital
5.3.2 Dermatology Clinics
5.3.3 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Rest of the World

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Candela Corporation
6.1.2 Cynosure Inc.
6.1.3 Cutera Inc.
6.1.4 Fotona
6.1.5 LISA Lasers
6.1.6 Lumenis
6.1.7 Lutronic Corporation
6.1.8 Lynton Lasers Ltd.
6.1.9 Venus Concept

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Candela Corporation
  • Cynosure Inc.
  • Cutera Inc.
  • Fotona
  • LISA Lasers
  • Lumenis
  • Lutronic Corporation
  • Lynton Lasers Ltd.
  • Venus Concept
Note: Product cover images may vary from those shown
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