Asia Pacific Photorejuvenation Devices Market Size, Share & Industry Trends Analysis Report By Type (Laser Equipment, Intense Pulsed Light and LED Equipment), By Modality (Standalone and Portable), By End Users, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Photorejuvenation Devices Market would witness market growth of 11.4% CAGR during the forecast period (2022-2028).
The primary driver of the market's growth is the rising prevalence of skin conditions that cause scarring. Moreover, the prevalence of skin problems is influenced by age. Age-related connective tissue changes decreased skin firmness and elasticity, and decreased sebaceous gland secretions raise the likelihood of developing a skin condition. The increased demand for technologically sophisticated photorejuvenation devices, which fuels the market's expansion, is also a result of increased awareness of the benefits of using non-invasive photorejuvenation devices, such as fewer adverse effects.
Due to environmental factors like UV exposure, pollution, humidity, and extreme heat and cold that affect the skin and cause the development of chronic skin conditions like acne, freckles, birthmarks, hyperpigmentation, rosacea, scars, and others in countries like China and India, the demand for skin rejuvenation devices is not only limited to developed countries but is also being seen there.
India has been ranked as one of the fastest-growing markets because of the rise in teenagers' and adults' use of social media. Furthermore, the industry in the region is anticipated to have a major improvement because of high-quality, affordable therapy. Also, Asian nations are renowned worldwide for their efficient, aesthetic treatments. The rising standard of living, the expansion of the working class, and the increase in consumer spending are major developments affecting the local market. Furthermore, due to improved access to a wide range of brands, the regional nations observe increased awareness of skin-nourishing products. These Factors are raised the demand for photorejuvenation devices in the APAC market.
The China market dominated the Asia Pacific Photorejuvenation Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $80.2 Million by 2028. The Japan market is estimated to grow a CAGR of 10.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12% during (2022 - 2028).
Based on Type, the market is segmented into Laser Equipment, Intense Pulsed Light and LED Equipment. Based on Modality, the market is segmented into Standalone and Portable. Based on End Users, the market is segmented into Hospitals, Clinics and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Photorejuvenation Devices Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cutera, Inc., Lutronic Co., Ltd., DEKA M.E.L.A. srl (El.en. Group), Hologic, Inc., Lumenis Be Ltd., Candela corporation, Beijing Nubway S&T Co., Ltd, Lynton Lazers, Fotona d.o.o, and Biolitec AG.
Scope of the Study
Market Segments Covered in the Report:
- Laser Equipment
- Intense Pulsed Light
- LED Equipment
By End Users
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Cutera, Inc.
- Lutronic Co., Ltd.
- DEKA M.E.L.A. srl (El.en. Group)
- Hologic, Inc.
- Lumenis Be Ltd.
- Candela corporation
- Beijing Nubway S&T Co., Ltd
- Lynton Lazers
- Fotona d.o.o
- Biolitec AG
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