The global skin rejuvenation devices market is expected to grow at a significant rate in the coming years. The market growth is driven by factors such as an increase in demand for non-invasive cosmetic procedures, rising awareness about skincare, and technological advancements in laser and light-based devices. The growing popularity of anti-aging treatments and a rise in disposable income levels are also contributing to market growth. However, high costs associated with these devices and stringent regulatory approvals may hinder market growth. Additionally, the COVID-19 pandemic has impacted the market negatively due to the postponement of elective procedures and a decrease in patient footfall to clinics. Despite these challenges, the market is expected to rebound in the post-pandemic period with the increasing adoption of non-invasive aesthetic procedures.
The global Skin Rejuvenation Devices Market is estimated to be valued at US$ 2,227.4 million in 2022 and is expected to exhibit a CAGR of 9.5% during the forecast period (2022-2030).
Major Players in the Skin Rejuvenation Devices Industry:
1. Cutera Inc.
Cutera Inc. is a global aesthetic device company founded in 1998 with headquarters in California, USA. Cutera operates in over 100 countries worldwide and offers a wide range of products including laser, light, and other energy-based devices.
2. Hologic, Inc.
Hologic, Inc. was founded in 1985 and is headquartered in Massachusetts, USA. The company operates in over 50 countries and specializes in diagnostic, surgical, and medical imaging systems. Hologic's products are used in various fields such as breast and skeletal health, molecular diagnostics, and gynecological surgical procedures. In November, 2022 Hologic, Inc. announced that it has been awarded a $19 million contract from the Biomedical Advanced Research and Development Authority (BARDA) to support research and development efforts.
3. Lutronic Corporation
Lutronic Corporation, founded in 1997, is a South Korean company that develops and manufactures medical lasers and other energy-based devices for aesthetic and medical applications. The company operates in over 60 countries worldwide and has its headquarters in Goyang-si, South Korea.
4. Syneron Medical Ltd.
Syneron Medical Ltd. is an Israeli company founded in 2000 with headquarters in Yokneam, Israel. Syneron develops and manufactures energy-based devices for the aesthetic and medical markets. The company operates in over 90 countries and has a wide range of products that includes laser and RF-based devices.
5. Lumenis Ltd.
Lumenis Ltd. was founded in 1966 and is headquartered in Yokneam, Israel. The company operates in over 100 countries and develops and manufactures a wide range of energy-based medical and aesthetic devices. Lumenis has products for various fields such as ophthalmology, surgical, and aesthetics.
6. Strata Skin Sciences, Inc.
Strata Skin Sciences, Inc., founded in 1989 and headquartered in Pennsylvania, USA, is a medical technology company that offers a range of dermatology products and services. The company operates in over 60 countries and specializes in the development of phototherapy solutions for skin conditions. In January, 2023 STRATA Skin Sciences, Inc., a medical technology company dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced an exclusive agreement with MINO Labs, a private company that represents international pharmaceutical companies to commercialize innovative products in Mexico, for the distribution of TheraClear®X, VTRAC® and XTRAC® in Mexico for three years.
7. BISON MEDICAL
BISON MEDICAL, a South Korean company founded in 1998, develops and manufactures energy-based medical devices for the aesthetic and medical markets. The company operates in over 20 countries and has its headquarters in Seoul, South Korea.
8. BISON MEDICAL
BISON MEDICAL is a California-based company founded in 1995 that specializes in energy-based medical devices for the aesthetic market. The company operates in over 70 countries and has a range of products that includes laser, RF-based devices, and injectables.
9. Lynton Lasers Ltd.
Lynton Lasers Ltd. was founded in 1994 and is headquartered in the UK. The company operates in over 30 countries and develops and manufactures laser and IPL-based devices for the medical and aesthetic markets.
10. EL.En. S.p.A.
EL.En. S.p.A. is an Italian company founded in 1981 with headquarters in Florence, Italy. The company develops and manufactures a range of energy-based medical and aesthetic devices and operates in over 100 countries. In November, 2022 El.En. Spa, leader on the laser market, listed on the Euronext STAR Milan of Borsa Italiana reported that its affiliate Accure Acne, Inc. a pioneer in the development of innovative solutions for the treatment of acne, announced it has received FDA clearance for its Accure Laser™ System to treat mild to severe inflammatory acne vulgaris.
11. Sciton, Inc.
Sciton, Inc. is a California-based company founded in 1997 that develops and manufactures laser and light-based devices for the medical and aesthetic markets. The company operates in over 45 countries worldwide. In April, 2021 Sciton Inc., a leading manufacturer of medical and aesthetic lasers and light source technologies based in Palo Alto, California, USA, is thrilled to announce the establishment of its Marylebone flagship showroom and training centre in the historic Harley House.
12. Fotona D.O.O.
Fotona D.O.O. is a Slovenian company founded in 1964 that develops and manufactures laser and light-based devices for the medical and aesthetic markets. The company operates in over 60 countries worldwide and has its headquarters in Ljubljana, Slovenia.
13. Alma Lasers, Ltd.
Alma Lasers, Ltd. is an Israeli company founded in 2001 with headquarters in Caesarea, Israel. The company develops and manufactures laser and other energy-based devices for the aesthetic and medical markets and operates in over 80 countries worldwide.
*Definition- Skin rejuvenation devices refer to non-invasive or minimally invasive medical devices that use light-based or laser technologies to improve skin texture, reduce wrinkles, and rejuvenate the skin. These devices are used for various aesthetic and medical purposes, such as treating acne scars, removing tattoos, and reducing pigmentation.
