The global skin rejuvenation devices market is expected to grow at a significant rate in the coming years. The market growth is driven by factors such as an increase in demand for non-invasive cosmetic procedures, rising awareness about skincare, and technological advancements in laser and light-based devices. The growing popularity of anti-aging treatments and a rise in disposable income levels are also contributing to market growth. However, high costs associated with these devices and stringent regulatory approvals may hinder market growth. Additionally, the COVID-19 pandemic has impacted the market negatively due to the postponement of elective procedures and a decrease in patient footfall to clinics. Despite these challenges, the market is expected to rebound in the post-pandemic period with the increasing adoption of non-invasive aesthetic procedures.
The global Skin Rejuvenation Devices Market is estimated to be valued at US$ 2,227.4 million in 2022 and is expected to exhibit a CAGR of 9.5% during the forecast period (2022-2030).
Major Players in the Skin Rejuvenation Devices Industry:
1. Cutera Inc.
Cutera Inc. is a global aesthetic device company founded in 1998 with headquarters in California, USA. Cutera operates in over 100 countries worldwide and offers a wide range of products including laser, light, and other energy-based devices.
2. Hologic, Inc.
Hologic, Inc. was founded in 1985 and is headquartered in Massachusetts, USA. The company operates in over 50 countries and specializes in diagnostic, surgical, and medical imaging systems. Hologic's products are used in various fields such as breast and skeletal health, molecular diagnostics, and gynecological surgical procedures. In November, 2022 Hologic, Inc. announced that it has been awarded a $19 million contract from the Biomedical Advanced Research and Development Authority (BARDA) to support research and development efforts.
3. Lutronic Corporation
Lutronic Corporation, founded in 1997, is a South Korean company that develops and manufactures medical lasers and other energy-based devices for aesthetic and medical applications. The company operates in over 60 countries worldwide and has its headquarters in Goyang-si, South Korea.
4. Syneron Medical Ltd.
Syneron Medical Ltd. is an Israeli company founded in 2000 with headquarters in Yokneam, Israel. Syneron develops and manufactures energy-based devices for the aesthetic and medical markets. The company operates in over 90 countries and has a wide range of products that includes laser and RF-based devices.
5. Lumenis Ltd.
Lumenis Ltd. was founded in 1966 and is headquartered in Yokneam, Israel. The company operates in over 100 countries and develops and manufactures a wide range of energy-based medical and aesthetic devices. Lumenis has products for various fields such as ophthalmology, surgical, and aesthetics.
6. Strata Skin Sciences, Inc.
Strata Skin Sciences, Inc., founded in 1989 and headquartered in Pennsylvania, USA, is a medical technology company that offers a range of dermatology products and services. The company operates in over 60 countries and specializes in the development of phototherapy solutions for skin conditions. In January, 2023 STRATA Skin Sciences, Inc., a medical technology company dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions, today announced an exclusive agreement with MINO Labs, a private company that represents international pharmaceutical companies to commercialize innovative products in Mexico, for the distribution of TheraClear®X, VTRAC® and XTRAC® in Mexico for three years.