Photo rejuvenation devices are widely used for skin treatments such as removal of acne scars, wrinkles and aging spots. These devices work by delivering controlled doses of light energy to the skin, which stimulates the production of collagen in the dermis layer and reduces the appearance of fine lines and wrinkles. The demand for non-invasive aesthetic procedures is growing owing to advantages such as less pain, fewer side effects and shorter recovery time. The global Photo Rejuvenation Devices Market is estimated to be valued at US$ 0.8 Bn in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends fueling the growth of the global photo rejuvenation devices market is increasing popularity of non-surgical aesthetic procedures. The number of non-invasive aesthetic procedures performed globally has increased significantly in the past few years owing to rise in disposable income and willingness to spend on appearance and looks. Factors such as minimal downtime, lower costs and lesser risks associated with non-invasive procedures compared to surgical options are driving their demand. Photo rejuvenation devices offer non-invasive skin treatment solutions with results comparable to mild to medium intensity procedures like laser resurfacing or chemical peels with no significant risks or side effects. This is increasing adoption of these devices among both patients and practitioners.
Segment Analysis
The global photo rejuvenation devices market growth is dominated by facial rejuvenation sub segment. Facial rejuvenation devices treats skin concerns specific to facial region like wrinkles, fine lines, aging spots etc. With increasing awareness about non invasive anti aging treatments and growing desire for youthful appearance, facial rejuvenation devices ares witnessing high demand from consumers.
Key Takeaways
The global photo rejuvenation devices market is expected to witness high growth. Regional analysis related content comprises.
Regional analysis: The North America region currently dominates the photo rejuvenation devices market owing to growing aesthetic consciousness among consumers and availability of advanced treatment options. Asia Pacific region is expected to be the fastest growing market for photo rejuvenation devices. Rising medical tourism Industry along with growing awareness about aesthetic procedures in developing countries like China and India is expected to support strong growth in the region.
Key players: Key players operating in the photo rejuvenation devices market are Mylan N.V., Bristol-Myers Squibb, Dr Reddy's Laboratories, Teva Pharmaceuticals USA, Inc., AstraZeneca, Genentech, Eli Lilly and Company. Mylan N.V. is one of the leading players in photo rejuvenation devices with strong global footprint. The company offers comprehensive range of laser and light based aesthetic devices.
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