According to a new report, published by KBV research, The Global Photorejuvenation Devices Market size is expected to reach $1.1 billion by 2028, rising at a market growth of 10.7% CAGR during the forecast period.
The Intense Pulsed Light segment is showcasing a CAGR of 11.2% during (2022 - 2028). Technology advancements and the expanding use of IPL equipment for wrinkle reduction, hair removal, scar rejuvenation, acne control, and other purposes are expected to support the segment's expansion. Devices that use intense pulsed light are considered sensible additions to clinical settings and a low-cost entry into the aesthetics business. IPL procedures are among the most popularly sought cosmetic procedures.
The Standalone segment is generating highest revenue share in the Global Photorejuvenation Devices Market by Modality in 2021 thereby, achieving a market value of $842.8 Million by 2028. The segment will experience rapid expansion due to the rising demand for standalone photorejuvenation devices in emerging nations.
The Clinics segment has shown the growth rate of 10.9% during (2022 - 2028). Dermatology offices provide photorejuvenation therapy at lower costs than other end-use locations, directly supporting the segment's expansion. Also, the target population's increased preference for non-invasive scar and wrinkle removal procedures is anticipated to fuel market expansion.
The North America market dominated the Global Photorejuvenation Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $467.9 Million by 2028. The Europe market is exhibiting a CAGR of 10.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/photorejuvenation-devices-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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