Photo Rejuvenation sDevices Market Is Estimated To Witness High Growth Owing To Growing Adoption For Skin Rejuvenation
SWOT Analysis
Strengths: The global photo rejuvenation devices market has witnessed significant technological advancements in the past few years with the introduction of new devices and therapies. Photo rejuvenation devices offer non-invasive treatment solutions and have minimal side effects. Increasing consumer preference for non-invasive aesthetics treatments is driving the adoption of photo rejuvenation devices.
Weaknesses: High cost of certain photo rejuvenation devices limits their adoption. Side effects such as redness, swelling and pigmentation changes may occur in some individuals undergoing photo rejuvenation treatments. Market is highly fragmented with presence of numerous global and local players.
Opportunities: Rising medical tourism in developing regions provides lucrative opportunities. Launch of new advanced devices and combination therapies will further boost the market growth. Growing awareness about aesthetics treatments will support the market expansion over the forecast period.
Threats: Presence of alternative non-invasive and minimally invasive aesthetics treatments poses threat to market growth. Stringent regulations hamper new product approvals.
Key Takeaways
Global Photo Rejuvenation Devices Market Size is expected to witness high growth, exhibiting CAGR of 10% over the forecast period, due to increasing preference for non-invasive aesthetics treatments. Non-invasive nature of photo rejuvenation treatments and minimal side effects are supporting the market growth.
Regional analysis North America holds the major share in the global photo rejuvenation devices market due to increasing cosmetic procedures, strong healthcare infrastructure and higher adoption of advanced aesthetics devices. Asia Pacific exhibits growth prospects led by developing healthcare infrastructure, medical tourism boom and rising disposable income. Growing awareness about aesthetics treatments will drive the APAC market.
Key players operating in the photo rejuvenation devices market are Cynosure, Lumenis, Syneron Medical, Lynton Lasers, EL.En. S.p.A., Fotona, Cutera, Strata Skin Sciences, Lutronic Corporation, Sciton, Alma Lasers, Venus Concepts, Asclepion Laser Technologies, Laseroptek, Quanta System, SharpLight Technologies, Aerolase, HONKON, LISA Laser Products, MeDioStar. Key players are focusing on new product launches, geographical expansion and adoption of inorganic growth strategies to gain competitive edge in the market.
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