The Skin Rejuvenation Market Share is estimated to be reaching US$ 2.2 Billion at a CAGR of 8.7% from 2022. With advanced digitization driving the healthcare industry, the concept of a “global village” has become a reality. As such, medical treatment could be sought to transcend the geographical barriers, which would form the focal point of the healthcare industry going forward.
Aging induces various skin related problems o defects such as wrinkles, lines etc. Various medical treatments for curing these disorders are being developed. Skin rejuvenation essentially is improving the skin appearance with the help of advanced medical treatments.
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4 Key Highlights on Global Skin Rejuvenation Market
The global skin rejuvenation market is segmented by product type, by end user and by region.
- By product type, the global skin rejuvenation market is dominated by IPL devices segment. This segment is a highly lucrative and estimated to be the largest segment in terms of market value and share. By the end of the assessment year, the IPL devices segment is expected to show a high value of a bit over US$ 690 Mn
- By product type category, the laser based devices market is the fastest growing segment to reach stellar valuation. This segment is rising owing to increased use of laser in skin rejuvenation treatment procedures
- By end user category, the dermatology clinics segment is the largest segment and is likely to lead the global skin rejuvenation market in terms of market valuation. In 2017, this segment reflected a high market share of more than 60% and is likely to continue to retain its status quo during the assessment period 2017-2022
- By region, North America and Asia Pacific excluding Japan (APEJ) regions reflect high potential in the years to come. The North America region is expected to dominate the global market by region as it is estimated to be the largest and highly attractive for skin rejuvenation. North America skin rejuvenation market is estimated to reach a noteworthy value growing at the highest 9.4% CAGR during assessment period.
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Global skin rejuvenation market is influenced by various aspects such as growth in medical science, innovations in various products and enhancement of technology, various manufacturers opting for advanced skin rejuvenation medication therapies, increasing prevalence of skin problems owing to aging coupled with rising consciousness and increasing disposable income of people worldwide, increasing awareness of non-invasive and minimally invasive procedures and increased investment in research and development in the skin care industry by various companies in this sector.
According to this research study, the global market for skin rejuvenation is projected to register a healthy CAGR of 8.7% throughout the period of assessment to reflect a noteworthy market value.
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Key Players Involved in the Global Market for Skin Rejuvenation
The fact based research report on global skin rejuvenation market covers an in-depth competitive assessment which includes details like SWOT analysis, product portfolio, new developments and innovations and key financials along with company overview of key players such as Cutera Inc., Lutronic Corporation, Syneron Medical Ltd., Strata Skin Sciences, Inc., Cynosure, Inc., Lumenis Ltd., Solta Medical Inc., Lynton Lasers Ltd., EL.En. S.p.A., Sciton, Inc., Fotona d.d. and Alma Lasers, Ltd.
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