Technological advancements have played a key role in the development of effective and reliable medical and cosmetic procedures. In addition, research activities coupled with giant strides in technology have opened the floodgates to new and improved treatments. Thus, leveraging the progress in technology, photo rejuvenation or phototherapy has garnered significant interest from consumers as an effective, painless, and non-invasive cosmetic procedure to eliminate scars, wrinkles, birthmark, stretch marks, and acne scarring among others. In the last few years, owing to the rising popularity of non-invasive photo rejuvenation treatment, the demand for cutting-edge photo rejuvenation equipment witnessed a commendable growth.
Further, progress in light emitting diodes (LEDs) and intense pulse light (IPL) technologies have broadened their scope within the medical and cosmetic industry. In the current scenario, consumers are leaning towards non-invasive cosmetic procedures such as photo rejuvenation to treat a range of skin problems. At present, IPL and laser devices have gained tremendous popularity in the aesthetic dermatology which in turn is positively impacting the growth of the photo rejuvenation equipment market.
Surge in Demand for Safe and Effective LED Photo Rejuvenation
In recent years, a large number of patients are leaning towards non-invasive procedures for the treatment of an array of medical and dermatologic problems. Thus, photo rejuvenation in which noninvasive light is deployed to attain therapeutic outcome, has gained significant attention in recent years among patients. Further, the adoption of LEDs to enhance the overall appearance of the skin has witnessed a considerable growth in the last few years – a trend that is likely to continue in the foreseeable future. One of the primary reasons for the growing adoption of LEDs over thermal-based skin-tightening devices is the fact that LEDs do not cause thermal injury. In addition, LED photo therapy has emerged as one of the most effective treatments to clinically treat a broad range of dermatological conditions including acne vulgaris and more. In the current scenario, dermatologists are able to provide optimum skin care treatments with LED photo rejuvenation.
Further, LED photo rejuvenation can be deployed as a stand-alone treatment of in conjunction with other therapies including, laser resurfacing, peels, intense pulse light, injections, and micro needling. At present, the safety aspect of LED photo rejuvenation therapy is one of the major factors contributing towards the increase in demand for LED photo rejuvenation. Further, the procedure does not inflict any damage to the epidermis or dermal tissues – making it a preferable treatment over other alternatives. In addition, when deployed as a stand-along treatment, LED photo rejuvenation does not cause peeling, redness, swelling, pain, and blistering. Thus, the demand for LED photo rejuvenation equipment is on the rise in both, the developed as well as the developing nations.
Established Players Eye Acquisitions to Improve Market Position Several companies operating in the photo rejuvenation equipment market are likely to consider mergers and acquisitions to improve their position within the evolving market landscape. For instance, with the acquisition of Omnilux Medical by GlobalMed Technologies, GlobalMed Technologies gained access to over 3,000 Omnilux systems worldwide – an effective growth strategy to enhance market position on the global scale. The growth of the photo rejuvenation equipment market hinges on several key driving factors including, approval from regulatory bodies, and growing adoption of combination laser therapies for tattoo removal, and progress in intense pulse light and light emitting diodes.
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