The Global Photo Rejuvenation Devices Market Growth Is Accelerated By Increasing Demands For Non-Invasive Cosmetic Treatments
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| Photo Rejuvenation Devices Market |
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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