According to the research report titled ‘Photorejuvenation Devices Market Size By Product (Intense Pulsed Light (IPL), Laser Equipment { Ablative Fractional Laser [CO2 Laser, Erbium YAG Laser ], Non-ablative Fractional Laser [Nd: YAG Laser, Er: Glass Laser]}, LED Equipment), By Modality (Standalone Photorejuvenation Devices, Portable/Handheld Photorejuvenation Devices), By End-use (Hospitals, Dermatology Clinics, Home Care Settings), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE), Modality Potential, Competitive Market Share & Forecast, 2019 – 2025’, available at MarketStudyReport.com, the global photorejuvenation devices market is expected to surpass USD 2.5 billion by the year 2025.
 

According to the report, increased pervasiveness of skin disorders has surged the demand for non-invasive procedures which in turn is driving the photorejuvenation devices market growth. There has been an upsurge in aesthetic disorders, and this has led to increase in the utilization of medical aesthetic devices. This factor along with growing inclination towards cosmetic procedures among upper-middle-class population is fostering the demand for photorejuvenation devices across the globe.
 

Increasing awareness pertaining to reduced side effects of photorejuvenation devices, favorable reimbursement policies for numerous cosmetic surgeries and rising per capita income are further aiding the market expansion. However, high costs associated with laser devices may hinder the photrejuvenation devices market growth.
 

As per product type, the report states that the IPL (Intense pulsed light) photorejuvenation devices market segment held over 40% share in the year 2018 and is expected to register continuous growth during the estimated timeframe. Factors such as minimum risk of side effects, versatility, low cost, and robust technology are contributing towards the popularity of intense pulsed light photorejuvenation devices across the globe.
 

In terms of modality, the portable photorejuvenation devices market segment is presumed to expand with a CAGR of 6.8% during 2019-2025. Portable devices reduce the duration of hospital stay and treatment cost as well as minimizes the number of sessions needed for aesthetic treatment. This factor along with shifting preferences towards portable devices over standalone devices are fueling the segmental growth.
 

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Citing the end-use segment, the report cites that the hospitals segment is expected to register substantial growth during the forecast period. High occurrence rate of skin problems in tandem with rising number of surgeries are stimulating the industry outlook. Availability of cost efficient portable photorejuvenation devices in public hospitals in emerging economies are propelling the growth of the segment.
 

As per regional analysis, the Latin America photorejuvenation devices industry held 14% revenue share in 2018 and is poised to acquire considerable growth by the year 2025. Booming medical tourism in Brazil along with availability of advanced aesthetic devices are augmenting the regional demand for photorejuvenation devices.
 

LISA Laser Products, Beijing Nubway S & T Co. Ltd, Lutronic Corporation, Cutera Inc., Fotona, EL.EN. S.p.A. (Deka Mela S.r.l.), Lynton Lasers Ltd, Syneron Medical Ltd., Lumenis, and Hologic Inc. (Cynosure, Inc.) are the prominent companies operating in the photorejuvenation devices market.