Global Skin Rejuvenation Devices Market, by Product Type(Laser Devices, Intense Pulsed Light Devices, Radiofrequency Devices, Ultrasound Devices, LED Devices, Mechanical Energy Devices), by End User (Dermatology Clinics, Beauty Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) 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), as highlighted in a new report published by Coherent Market Insights.
Increasing new product launches is expected to drive the global skin rejuvenation devices market. For instance, on July 5, 2022, Ulike, a leading hair removal brand, announced its official launch into the U.S., bringing its portfolio of next generation Intense Pulsed Light (IPL) hair removal devices to the U.S. consumers. The Ulike Sapphire Air Series delivers next generation IPL hair removal technology, a technology used by professional clinics to banish hair at the root. IPL technology uses multi-spectrum lights, and converts light energy to heat energy, which destroys the nutrient supply of the dermal papilla and hair follicles.
Global Skin Rejuvenation Devices Market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a negative impact on the global skin rejuvenation devices market, owing to demand and supply gap reduced the research and development of new product for the skin care. For instance, in July 2020, according to National Center for Biotechnology Information, the supply for raw material got hampered due to ongoing pandemic and lockdown all over the world. Due to lockdown and restriction on the import and export of the commodities, the new innovation for the skin rejuvenation devices was hampered. The supply of beauty devices and raw material required for the manufacturing of beauty devices has disrupted as many countries went into lockdown which slowed down the manufacturing process.
Global Skin Rejuvenation Devices Market: Key Developments
In July 09 2022, APTOS LLC, retail brands, a new type of thread with the U.S. Food and Drug Administration clearance for skin lifting. The Aptos (PLLA) poly-L-lactide /PCL threads are made from a novel blend of polymers, distinguishing them from the threads currently used by American providers.
In January 2022, Teoxane Company’s TEOSYAL, a range of injectable hyaluronic acid-based dermal fillers designed to treat wrinkles, give volume to the face and improve skin quality got the U.S. Food and Drug Administration approval in December 22, 2021. RHA Redensity is a gel implant or dermal filler that is injected in specific areas of facial tissue to reduce the appearance of lines and wrinkles. It consists of the chemical sodium hyaluronic acid (NaHA), 1, 4-butanediol diglycidyl ether (BDDE) and 0.3% of the drug lidocaine hydrochloride to reduce pain on injection.
Browse 22 Market Data Tables and 18 Figures spread through 175 Pages and in-depth TOC on “Global Skin Rejuvenation Devices Market”- Forecast to 2030, Global Skin Rejuvenation Devices Market, by Product Type (Laser Devices, Intense Pulsed Light Devices, Radiofrequency Devices, Ultrasound Devices, LED Devices, Mechanical Energy Devices), by End User (Dermatology Clinics, Beauty Centers and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the Global Skin Rejuvenation Devices Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/skin-rejuvenation-devices-market-2010
Key Takeaways of the Global Skin Rejuvenation Devices Market:
- The global skin rejuvenation devices market is expected to exhibit a CAGR of 9.5% during the forecast period owing to increasing adoption of inorganic growth strategies such as agreements by the key players to develop to new products for enhancing skin and eyes beauty For instance, in August 2021, Bausch & Lomb, an eye health products company and Lochan, skin and eyes clinic entered into an agreement to develop the next-generation of eyetelligenc, a clinical decision support software.
- Among product type, laser devices segment is expected to exhibit high CAGR over rest of the products due to several new product launched in recent past and faster adoption of these devices by dermatologist. For instance, in April 2022, Acclaro Corporation, the U.S.-based medical device company introduced UltraClear, a laser technology system. The new device was launched at ASLMS 2022, the 41st annual conference of the American Society for Laser Medicine and Surgery, currently being held in San Diego, California. UltraClear is powered by cold fibre laser technology and can be used to treat different skin conditions, such as wrinkles, scars and acne scars, pigmentation, enlarged pores, fine lines, and other complexion issues.
- Among regions, North America is estimated to account for the largest market share in the global skin rejuvenation devices market over the forecast period. For instance, in December 2021, Galderma, a Swiss pharmaceutical company specializing in dermatological treatments and skin care products, announced the U.S. Food and Drug Administration approval for new label for SCULPTRA PLLA facial injectable treatment that helps stimulate the skin’s own collagen production, to smooth facial wrinkles, such as smile lines.
- Major players operating in the global skin rejuvenation devices market include Cutera Inc., Hologic, Inc., Lutronic Corporation, Syneron Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc., BISON MEDICAL, Solta Medical Inc., Lynton Lasers Ltd., and EL.En. S.p.A., Sciton, Inc., Fotona D.O.O., and Alma Lasers, Ltd.