Growing skin problems and a higher awareness regarding new treatments will fuel photorejuvenation devices market share over the forecast period.
Growing skin problems and a higher awareness regarding new treatments will fuel photorejuvenation devices market share over the forecast period. Prevalence of social beauty standards have resulted in a dramatic rise in the demand for skin care products and have led consumers towards several cosmetic procedure devices, stimulating the expansion of skincare clinics.
Rising popularity of hair and tattoo removal and use of anti-aging agents will impact the business outlook. Surge in the disposable income at hand has increased the purchasing power of consumers, leading them to spend a large amount on self-care products and surgical procedures to improve or maintain aesthetic appearance. It has been estimated that women in Britain spend an average of £70,294 on appearance across their lifetime, which amounts to £1,352 per year.
Surgical procedures for wrinkle reduction have gained a massive demand over the years and will stimulate photorejuvenation devices market size. Surgical face lifting procedures have increased notably over the years, especially with celebrities around the world opting for such surgeries owing to their lifestyles and job requirements. Research has found that nearly 23% of women in the U.K. will consider cosmetic surgery in order to help themselves maintain a youthful appearance.
Non-invasive procedures have been on a rise owing to minimal pain and faster recovery. These procedures also have an advantage of limiting the health costs for consumers and their increased awareness has been contributing significantly towards global photorejuvenation devices market share. Listed below are some trends driving the proliferation of photorejuvenation devices market share.
Growing demand for Intense Pulsed Light treatment
The intense pulsed light (IPL) segment will experience a substantial growth over the analysis time period. IPL devices first obtained a clearance from the United States Food and Drug Administration (FDA) in 1995 for treating lower extremity telangiectasias. Versatility and favorable cost have fueled the proliferation of the product and its use in different clinical settings.
Technological innovations have made this technology more reliable and efficient, enhancing their use in the skin rejuvenation segment and helped in the rise of the product demand. Intense pulsed light devices have proven to be extremely safe in use without causing many side effects that generally tend to affect the skin after surgeries.
Surge in the preference for Non-ablative Fractional Laser
Non ablative Fractional Laser segment in photorejuvenation devices market has also witnessed a steady rise over the past few years. Non-ablative laser triggers the generation of collagen in the body which is a fibrous protein that helps make the skin elastic and supple.
The downtime for non-ablative laser treatment is significantly less which makes it preferable over ablative laser treatments by patients. The non-ablative lasers tend to have a good water absorption feature that prevents the procedure from leading to ablation. Increasing concerns regarding brown spots and the desire to improve the appearance of wrinkles and minor scars will bolster the adoption of non-ablative fractional laser treatments.
To access sample pages of this report titled, “Photorejuvenation Devices Market Size By Product (Intense Pulsed Light (IPL), Laser Equipment { Ablative Fractional Laser [CO2 Laser, Erbium YAG Laser ], Non-ablative Fractional Laser [Nd: YAG Laser, Er: Glass Laser]}, LED Equipment), By Modality (Standalone Photorejuvenation Devices, Portable/Handheld Photorejuvenation Devices), By End-use (Hospitals, Dermatology Clinics, Home Care Settings), Industry Analysis Report, Regional Outlook, Modality Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
https://www.gminsights.com/request-sample/detail/4191
Deployment of portable photorejuvenation devices
Handheld or portable photorejuvenation devices are preferred by physicians due to convenient utilization and the reduction of hospital expenditure occurred, as lowered treatment costs attract a larger number of customers. A study comprising a 4-week treatment using a handheld LED system, on people having facial rhytides, had resulted in enhanced wrinkles and fine lines. The global skin grading treatment was constantly assessed by a dermatologist and 8 weeks after the treatment, 74% of subjects exhibited the improved.
The near-infrared therapy along with combined red delivered by a portable or handheld unit represented an acceptable and effective method, which will help boost photorejuvenation market outlook over the coming years. Rise in skin problems will lead consumers to approach clinical dermatologists, a profession which is gradually expanding. The American Academy of Dermatology represents around 19,000 clinics around the country that cater to the rising need of the citizens preferring surgical procedures to cure wrinkles or acne.
Rapid improvement in healthcare technology
Advancing technology will foster the North American photorejuvenation devices market size owing to increased R&D expenditure across the region as well as booming consumer demand. Customers in the region have become more aware due to the dominating prevalence of social media and easy access to information available widely. Customers have gained more knowledge regarding non-invasive surgical procedures that are involved in the treatment of skin diseases.
North America accounted for nearly USD 500 million of global photorejuvenation devices market share in the year 2018 and will continue to exhibit a remarkable growth rate over the forecast period.
Prominent market players like Lumenis, Lynton Lasers, Cutera, Beijing Nubway and Fotona will play a key role in fostering the adoption of photorejuvenation devices worldwide. As per estimates, photorejuvenation devices market size will cross USD 2.5 billion by 2025.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com