Global Photorejuvenation Market - 2020-2027
|出版日期||內容資訊||英文 180 Pages
|脈衝光(光子嫩膚)的全球市場:2020年∼2027年 Global Photorejuvenation Market - 2020-2027|
|出版日期: 2021年05月10日||內容資訊: 英文 180 Pages||
與其他手術相比，無創手術的副作用更少，人們對無創手術的認識不斷提高，因此越來越多地採用無創脈衝光設備。全球治療次數從 2015 年的約 568,672 次激增至 2016 年的 623,243 次。
Photorejuvenation is a popular skin treatment method. Photorejuvenation equipment comprises of various light emitting diodes (LED), lasers, intense pulsed light and other thermal methods for the skin treatment. The use of photorejuvenation therapy is very extensive and often used as an alternative for expensive skin treatments such as plastic surgery. Photorejuvenation based skin treatments are used widely in various skin diseases such as acne, acne scars, rosacea, matted telangiectasia, lentigines cherry, angioma and spider angioma, red or blue facial and leg veins. It is also used in application such as birthmark and tattoo removal, and hair removal.
Increasing awareness among the population about non-invasive surgeries with reduced side effects in comparison to other surgical surgeries is rising the adoption of non-invasive photorejuvenation devices. Around 568,672 number of photorejuvenation procedures were performed worldwide in 2015, with photorejuvenation devices which surged to 623,243 in 2016. Moreover, treatment with photorejuvenation devices reduces the hospital stay and offers faster recovery. However, high cost associated with aesthetic devices is likely to hinder the market growth in the coming years.
The global photorejuvenation market size was worth US$ XX billion in 2020 and further predicted to reach US$ XX billion by 2027, at a CAGR of XX% during the forecast period (2020-2027).
Recently growing prevalence of skin disorders has been leading to scarring. Furthermore, growing awareness among the population about non-invasive surgeries with reduced side effects when compared to other surgical surgeries is increasing the adoption of non-invasive photorejuvenation devices. Also, treatment with photorejuvenation devices reduces the hospital stay and provides faster recovery. However, high cost associated with aesthetic devices might impede the cosmetic procedure devices growth over the forecast period. As per American Academy of Dermatology, the acne is considered one of the most common skin disorder in the U.S. which is affecting almost 50 million people every year. Acne is mainly due to significant physical changes, which also includes permanent scarring.
Laser resurfacing is considered one of the most commonly used non-invasive treatment for acne scarring. Thus, the growing prevalence of skin disorders directly contributes to the growth of photorejuvenation devices market over the forecast period. In addition, photorejuvenation is seen as one of the effective therapies for treating skin cancer. As per Globocan, the malignant melanoma is increasing at the rate of around 3% -7% in many European countries and 2.6% in the US in 2018. Hence, with the growing burden of skin disease and the benefits of intense pulsed light is projected to propel the market growth in this segment.
Shift from Invasive to Non-invasive Photorejuvenation Treatment
Continuously growing awareness among people about non-invasive surgeries with lesser side effects compared to surgeries is increasing the adoption of non-invasive photorejuvenation equipment. Furthermore, non-invasive photorejuvenation treatment with lasers, IPL and LED equipment reduces the hospital stay and provides faster recovery. These are some of the factors contributing to increasing the demand for non-invasive surgeries with photorejuvenation equipment.
Increasing Use of Combination Therapy Lasers for Tattoo and Hair Removal
Combined laser therapy is found to be very effective for tattoo removal. The usage of a single laser has certain limitations like ink retention even after multiple sessions, incomplete clearance of the tattoo, and long treatment duration with large interval gap between sessions, and in certain cases, blistering and dyschromia.
These limitations can be overcome through the use of combined treatment modes such as combined laser therapies and increases the demand of photorejuvenation equipment.
COVID-19 Impact Analysis
COVID-19 pandemic affected the global economy in many terms, such as directly affecting production and demand, supply chain disruption, and financial impact. COVID-19 has directly impacted the manufacturers' supply chain across the globe and shut down the production facilities to minimize the risk of virus spread. Also, the industry is facing challenges, due to the decrease in demand for the product which is affecting their revenue during the COVID-19 pandemic. The supply of beauty devices and raw material required for the manufacturing of beauty devices has disrupted as many countries went into lockdown. The photorejuvenation market has shown declining results in the growth rate as the beauty device manufacturers have slowed down their production capacity as a result of the labor shortage and shortage of raw material. The overall scenario has resulted in a decrease in demand for various devices such as oxygen and steamer devices, hair removal devices, acne removal devices, hair growth devices, LED/Light therapy devices, cleansing devices, photo rejuvenation devices and many more across the world due to COVID-19 pandemic.
Based on the product, the photorejuvenation market has been classified into Intense Pulsed Light, Laser Equipment and LED Equipment
Intense Pulsed Light segment accounted for the highest market share in the global market
Intense Pulsed Light (IPL) product segment is projected to witness growth over the analysis timeframe. Advancements in technology coupled with the growing adoption of IPL devices for applications like hair removal, wrinkle reduction, scar rejuvenation, acne control, freckles, and others are anticipated to contribute to the segmental growth. Intense pulsed light devices are considered as low-cost entry into the aesthetics industry and smart addition to the clinical settings. IPL treatments are regarded as one of the topmost requested cosmetic procedures.
Moreover, Increasing healthcare expenditure is considered as an indicator of improvement in the healthcare setting. The upsurge in the budget of hospitals in developing countries would further indicate the usage of better-quality laser equipment and thus drive the growth of the aesthetic industry market.
Based on the modality, the photorejuvenation market has been classified into standalone and portable.
Standalone segment dominated the global Photorejuvenation Market in 2019
The standalone photorejuvenation devices segment is projected to show sluggish growth during the forecast period. The growing demand for standalone photorejuvenation devices in the emerging economies will surge the growth of the segment.
The portable photorejuvenation devices segment is anticipated to hold a significant revenue share in the coming years and is projected to witness steady growth over the forthcoming years. The segment growth is attributable to rising preference of portable devices among the physicians and target population over standalone devices as it minimizes the number of sessions required for treatment and yield faster clearing of tissue.
Based on geography, the study analyzes the photorejuvenation market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America leads the global market throughout the forecast period
North America market is estimated to witness a healthy growth over the forecast timeline. The regional growth is majorly attributed due to the presence of established manufacturers with robust product offerings. Also, technological advancements and affordability of photorejuvenation treatment among the general population are further anticipated to boost the North America photorejuvenation device market growth.
Asia Pacific photorejuvenation devices market is second in line. Increasing healthcare expenditure and growing awareness coupled with government initiatives is expected to drive the growth of the Asia Pacific market. Countries like Japan, China, and India are expected to be the fastest-growing countries in the Asia Pacific market.
The photorejuvenation market is highly competitive, owing to the presence of big brands. The key players which are contributing to the growth of the global market include Venus Concept, Cynosure Inc., Lumenis, Lynton Lasers Ltd., Fotona, Candela Corporation, Cutera Inc., Lutronic Corporation and LISA Lasers, among others. The major players are adopting new product launch and expansion strategies for global growth in the Photorejuvenation Market.
Overview: Venus Concept is a leader in the global medical aesthetic market, pairing best-in-class technology with our industry-unique subscription model. Company's goal is to help both new and established practices succeed in this growing industry.
In partnering with a trusted aesthetic device company like Venus Concept, aesthetic professionals worldwide gain access to never-before-seen business features such as comprehensive warranty program, premium marketing support, continuous clinical education, valuable practice enhancement programs, and more.
Product Portfolio: The Company's portfolio comprises hair, face, body, and women's health products.
The global Photorejuvenation Market report would provide access to an approx. 48 market data table, 43 figures and 210 pages.
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