Global Photo Rejuvenation Devices Market Size and Trends
The Global Photo Rejuvenation Devices Market size is expected to reach US$ 1,343.5 million by 2030, from US$ 527.4 million in 2023, at a CAGR of 14.3% during the forecast period. Photo rejuvenation devices are used for treating skin conditions through light-based technology. These devices improve skin tone and texture, reduce wrinkles, pigmentation, acne scars, and sun damage using lasers, intense pulsed light (IPL), radiofrequency (RF), and LEDs. The growth of this market is driven by rising awareness about safety and advantages of laser-based devices, growing popularity of non-invasive aesthetic treatments, availability of advanced photo rejuvenation devices, and increasing disposable income and changing lifestyles.
The global photo rejuvenation devices market is segmented based on product type, application, end user, and region. Based on product type, the IPL devices segment is expected to account for the largest market share during the forecast period owing to its ability to treat large areas and multiple conditions.
Global Photo Rejuvenation Devices Market Trends:
- Adoption of laser technology: Lasers are expected to gain increasing adoption over other light-based devices owing to precision targeting, lesser side effects, and ability to treat wide range of skin conditions effectively. Technological enhancements in laser devices coupled with new product launches will continue to support the market growth.
- Growing preference for non-ablative procedures: Non-ablative lasers, IPL, and RF devices are witnessing greater uptake over traditional ablative lasers for skin rejuvenation applications owing to their non-invasive nature, minimal downtime, and faster recovery. This has been a key trend driving the segment growth of non-ablative technologies.
- Combination therapy gaining traction: The combination of photo rejuvenation technologies such as IPL/laser along with other modalities like radiofrequency is gaining traction. This approach leverages synergistic effects of different treatments, enhances efficacy, and reduces the overall treatment duration, stimulating the market growth.
- Home-use devices gaining popularity: Home-use photo rejuvenation devices designed for consumer application are gaining popularity owing to convenience, cost-effectiveness, and easy availability. Leading companies are targeting this trend through the launch of compact and easy-to-use devices for home application.
Market- Trends:
- Adoption of laser technology: Lasers are expected to gain increasing adoption over other light-based devices owing to precision targeting, lesser side effects, and ability to treat wide range of skin conditions effectively. Technological enhancements in laser devices coupled with new product launches will continue to support the market growth.
- Growing preference for non-ablative procedures: Non-ablative lasers, IPL, and RF devices are witnessing greater uptake over traditional ablative lasers for skin rejuvenation applications owing to their non-invasive nature, minimal downtime, and faster recovery. This has been a key trend driving the segment growth of non-ablative technologies.
- Combination therapy gaining traction: The combination of photo rejuvenation technologies such as IPL/laser along with other modalities like radiofrequency is gaining traction. This approach leverages synergistic effects of different treatments, enhances efficacy, and reduces the overall treatment duration, stimulating the market growth.
- Home-use devices gaining popularity: Home-use photo rejuvenation devices designed for consumer application are gaining popularity owing to convenience, cost-effectiveness, and easy availability. Leading companies are targeting this trend through the launch of compact and easy-to-use devices for home application.
Global Photo Rejuvenation Devices Market Drivers:
- Growing adoption of non-invasive aesthetic procedures: The rising preference for non-invasive aesthetic treatments over traditional surgical procedures is a key factor driving the photo rejuvenation devices market growth. These devices offer skin rejuvenation and renewal without surgery, lengthy downtime, and risk of complications. The minimal discomfort and quick recovery has led to the increased adoption of these non-invasive procedures among target demographics.
- Technological advancements in energy-based aesthetic devices: Continuous advancements in photo rejuvenation technologies, such as lasers, RF, IPL, and LED, have expanded the capabilities of these devices. The incorporation of novel light sources, optimized wavelengths, and enhanced interface cooling systems have enabled faster treatment, improved safety profiles, and ability to treat wider range of skin conditions. This is expected to boost the adoption of the latest generation photo rejuvenation devices.
- Rising disposable incomes and aesthetic consciousness: The increasing per capita expenditure on aesthetic procedures is attributed to the rising disposable incomes especially among urban populations. Along with greater affordability, the growing aesthetic awareness and desire to retain younger looking skin, especially among aging demographics is propelling the uptake of anti-aging skin rejuvenation treatments.
- Increasing prevalence of skin conditions: The rising cases of skin disorders and conditions, such as acne, hyperpigmentation, skin laxity, wrinkles, scars, and vascular lesions, is creating a huge demand for effective treatment modalities. Photo rejuvenation offers safe and effective treatment for such skin issues, which is expected to aid in the market growth.