According to the research literature titled ‘Photorejuvenation Devices Market Size By Product, By Modality (Standalone Photorejuvenation Devices, Portable/Handheld Photorejuvenation Devices), By End-use (Hospitals, Dermatology Clinics, Home Care Settings), Industry Analysis Report, Regional Outlook, Modality Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, global photorejuvenation devices market size is projected to exceed USD 2.5 billion by the end of the forecast period 2019-2025.
 

Growing patient inclination towards non-invasive procedures in tandem with rising prevalence of skin ailments is catalyzing global photorejuvenation devices market growth. Further, developing self-consciousness among people has augmented the demand for cosmetic procedures, especially among the upper-middle class population.
 

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Rising per capita income, rising consumer awareness regarding aesthetic procedures in developing nations, and favorable reimbursement framework in developed regions for cosmetic surgeries are accelerating the industry expansion. On the contrary, increasing concern about the side effects of cosmetic procedures and high costs of laser devices are negatively impacting the market dynamics.
 

Global photorejuvenation devices market, based on modality, is split into standalone and portable/handheld, among which, the latter segment held considerable revenue share in 2018 and is estimated to record 6.8% CAGR through 2025. Growing preference of portable devices over standalone devices among healthcare personnel owing to benefits like minimized number of sessions along with reduced treatment costs and hospital stays are fueling the segmental growth.
 

In terms of end-user spectrum, global photorejuvenation devices industry size from hospitals segment is slated to grow considerably in the upcoming years, attributable to rising burden of skin problems and spike in demand for surgical procedures. Moreover, provision of cost-effective portable photorejuvention devices to hospitals by several governments in middle-and-low income countries is enhancing the industry outlook.
 

From a geographical perspective, Latin America photorejuvenation devices market accounted for 14% of the overall revenue share and will likely record strong gains through 2025. Flourishing medical tourism in Brazil together with growing availability of technologically advanced aesthetic devices are supporting the regional market expansion. In addition, favorable exchange rate of cosmetic surgeries at highly competitive costs is bolstering the demand for cosmetic procedures in the region.
 

Speaking of the competitive arena, Lisa Laser Products GmbH, Beijing Nubway S&T Co. Ltd., Lutronic Corp., Cutera Inc., Fotona, El.En. S.p.A., Lynton Lasers Ltd., Syneron Medical Ltd., Lumenis, and Hologic Inc. are the top contenders in global photorejuvenation devices industry sphere.