Market Trends of Photorejuvenation Industry
This section covers the major market trends shaping the Photorejuvenation Market according to our research experts:
Intense Pulsed Light Segment is Expected to Exhibit a Significant Market Growth in the Photorejuvenation Market During the Forecast Period
Intense pulsed light uses a high-intensity light source that emits non-coherent and polychromic light in photorejuvenation in this segment. It is one of the most widely used devices in photorejuvenation therapy for treating various skin conditions. One of the main advantages of this device is its larger pore size, which allows the treatment of various skin conditions simultaneously.
According to a blog published by Candela Medical in January 2021, intense pulsed light is a non-laser-based photorejuvenation technology that uses a broad spectrum of light to deliver energy, and this technology is capable of treating more than one condition at a time. Patients that are suffering from hyperpigmentation and vascularity can be treated in just one session. Thus, this technology is more precise and efficient. According to an article published by PubMed Central in June 2022, a study showed that the therapy of intense pulse light (IPL) was helpful in improving the signs of dry eye disease (DED) due to meibomian gland dysfunction (MGD). Thus, the increasing advantages of intense pulsed light and the increasing adoption of this technology for the treatment of various diseases are creating opportunities for the segment's growth in the future.
Continuous product launches by major players in the market are positively affecting the growth of the segment. For instance, in February 2022, Quantel Medical announced the launch of its C.STIM intense pulsed light (IPL) system. This system is based on intense pulsed light technology. C.STIM is the new generation of IPL designed to treat various diseases like dry eyes (meibomian gland dysfunction), inflammation, and demodex. In July 2022, Ulike, a leading hair removal brand, announced the launch of its next generation of intense pulsed light (IPL) hair removal devices in the United States.
Therefore, owing to such advantages and supporting research studies, the intense pulsed light segment is expected to witness significant growth over the forecast period.
North America is Dominating the Photorejuvenation Market
North America is a dominant region in the photorejuvenation market due to the increasing geriatric population and associated skin diseases. The increasing usage of photorejuvenation therapy for rapid and effective results in the United States is among the key factors contributing to the growth of the market in North America.
Key product launches, high concentration of market players, and manufacturers' presence in the United States are some of the factors driving the growth of the photorejuvenation market in the country. For instance, in March 2021, Bausch Health Companies Inc. and its Solta Medical business announced the US launch of the Clear + Brilliant Touch laser, the company's next-generation Clear + Brilliant laser. In August 2020, LASEROPTEK Co. Ltd, a manufacturer of world-class laser devices for aesthetic and medical dermatology, announced the launch of its PALLAS Solid-State 311nm UVB laser in the United States for dermatological treatments. These continuous product launches are anticipated to drive the growth of the market in the region.
Photorejuvenation therapy is one of the major therapies used for treating skin conditions, which may further boost the market's growth in the region over the forecast period.
