Intense Pulsed Light (IPL) System Market: Overview
Intense pulsed light (IPL) system is a device used in cosmetics and medical fields for the hair removal and other skin problems. IPL technology uses a handheld or trolley mounted system with computer controlled flashgun for delivering intense, visible, broad spectrum pulse of light, which has a spectral range of 400 to 1200 nm range. The IPL system’s light targets specific structures and chromophores, which are heated to destruction and reabsorbed by the body. Intense pulsed light system is used for hair removal and to treat acne & other dermatological diseases and conditions such as pigmented lesion treatment, rosacea, skin rejuvenation, sebaceous gland hyperplasia, melasma, actinic keratosis, basal cell carcinoma. It is also used in the fields of optometry and ophthalmology. IPL can be used to manage dry eye disease caused due to the meibomian gland dysfunction.
Intense Pulsed Light (IPL) System Market: Key Trends
The global IPL system market is driven by high frequency of various skin diseases and conditions in developed and developing countries. For instance, according to the American Academy of Dermatology (AAD), acne is the most common skin condition in the U.S. It affects around 50 million people every year. Increasing in consciousness among young generation about beauty and high efficiency of these devices for the longer effect on the growth of body hair are some major factors fueling the global intense pulsed light (IPL) system market. Additionally, advancements in technology for hair removal and skin disease management devices in the last few years are propelling the global intense pulsed light (IPL) system market. However, high cost of technology and shortage of skilled professionals are some factors which are hindering the global intense pulsed light (IPL) system market.
Intense Pulsed Light (IPL) System Market: Segmentation
The global intense pulsed light (IPL) system market can be segmented in terms of product type, application, end-user, and region. Based on product type, global market can be bifurcated into fixed and mobile. The mobile segment hold the major market share due to flexibility and ease of usage by these devices. In terms of application, the global intense pulsed light (IPL) system market can be divided into hair removal, acne treatment, and others. The hair removal segment dominated the market. It is expected to continue this trend during the forecast period due to the rise in consciousness of beauty by younger people across the globe. Additionally, it is a more effective treatment for hair removal as compared to other conventional and other methods. Based on end-user, the global market can be segregated into beauty clinics and dermatology clinics. The beauty clinics segment dominated the global market. Increasing demand for hair removal solution at beauty clinics boosts this segment.
Intense Pulsed Light (IPL) System Market: Regional Analysis
In terms of region, the global intense pulsed light system market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market and is expected to continue this trend during the forecast period. Growing interest of consumers in personal grooming and rise in their purchasing power, which allows them to afford expensive hair removal products and services in the region, are major factors which are driving the intense pulsed light (IPL) system market in North America. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period due to the rise in consciousness for beauty by younger people, personal grooming, and more incidence for skin conditions.
Intense Pulsed Light (IPL) System Market: Competitive Landscape
The global intense pulsed light (IPL) system market is highly competitive due to the entry of new companies in this market. Key players operating in the global intense pulsed light (IPL) system market include Cynosure Inc., Solta Medical (a wholly-owned subsidiary of Bausch Health Companies Inc.), Sciton, Inc., BIOTEC ITALIA, Leaflife Technology, Vertex Lasers, Iskra Medical d.o.o., Supramedical LLC, INDIBA, and Veroderm Medical Technologies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.