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Published Date: 2016-04-21Number of Pages: 103

Skincare Devices Market (Treatment Device - LED Therapy Devices, Lasabrasion Devices, Liposuction Devices, Microdermabrasion Devices, Electrosurgical Devices, and Cryotherapy Devices; Diagnostic Device - Dermatoscopes, Biopsy Devices, and Image Guidance Systems; Application - Cellulite Reduction, Disease Diagnosis and Treatment, Hair Removal, Skin Tightening and Body Contouring, Skin Rejuvenation, and Damage Repair) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Dermatology refers to diagnosis and treatment of skin abnormalities and disorders. Additionally, skincare devices also comprises various aesthetic applications for cosmetic care and augmentation of skin and body appearance. This report on the global skincare devices analyses the current and future prospects of the market. The report comprises an elaborated executive summary, including a market snapshot that provides overall information of various segments and sub-segments within the global skincare devices market. The research is a robust combination of primary and secondary research. Primary research formed the bulk of our research efforts with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ million for each segment for the period from 2013 to 2023, considering the macro and micro environmental factors. Growth rates for each segment within the skincare devices market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

The market overview section of the report includes qualitative analysis of the overall skincare devices market, including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis. The increasing global incidence of skin cancers coupled with the rising disposable incomes of patients is propelling the uptake of skincare devices. However, the competitive pricing and higher equipment costs are set to restrain the market during the forecast period. Additionally, the report contains market attractiveness analysis by geography and competitive landscape by key players. The market attractiveness analysis explains the intensity of competition in the market in different geographies. The competitive scenario between different market players is evaluated through market share analysis. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.

The global skincare devices market has been segmented on the basis of type of product, type of application and geography. Based on product type, the skincare devices market has been categorized into two key segments:  treatment devices and diagnostic devices. Treatment devices have been categorized in to six sub-segments: LED Therapy, Lasabrasion, Microdermabrasion, Liposuction, Electrosurgical, Cryotherapy, while diagnostic devices have been categorized into three sub-segments: Dermatoscopes, Biopsy Devices and Image Guidance Systems. Application for the skincare devices include: Disease Diagnosis/Treatment, Skin Rejuvenation, Hair Removal, Cellulite Reduction, Skin Tightening and Body contouring and Damage Repair. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

Geographically, the global skincare devices market has been analyzed considering four major regions: North America, Europe, Asia-Pacific and Rest of the World (RoW). In addition the regions have been further segmented by major countries from each region, which include the U.S, Canada, Germany, U.K., China and India. The report also covers information intended to assist existing players to expand their market share and new companies to establish their presence in the skincare devices market. The report also profiles major players in the skincare devices market based on various attributes such as company overview, financial overview, key business strategies, product portfolio, and recent developments. The market for skincare devices is highly fragmented with a large number of manufacturers competing with similar shares in the global market. Key players profiled in this report include GE Healthcare, Cynosure, Inc., Lumenis Ltd., Syneron Medical Ltd., and Solta Medical, Inc.

The global skincare devices market has been segmented as follows:

Global Skincare Devices Market - By Type

  • Diagnostic Devices
    • Biopsy Devices
    • Image Guidance Systems
    • Dermatoscopes
  • Treatment Devices
    • Lasabrasion (laser skin resurfacing) Devices
    • Microdermabrasion Devices
    • Electrosurgical Devices
    • Liposuction Devices
    • Cryotherapy Devices
    • LED Therapy Devices

Global Skincare Devices Market - By Application

  • Disease Diagnosis And Treatment
  • Skin Rejuvenation (acne, sun damage, and wrinkles)
  • Hair Removal
  • Cellulite Reduction
  • Skin Tightening and Body Contouring
  • Damage Repair (vascular, pigmented lesions, and tattoo removal)

Skincare Devices Market - By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East & Africa

Table of Content

1. Preface
    1.1. Report Description
    1.2. Market Segmentation
    1.3. Research Methodology

2. Executive Summary
    2.1. Market Snapshot: Global Skincare Devices Market 
    2.2. Global Skincare Devices Market Revenue, by Product, 2014 & 2023 (Value %)
    2.3. Global Skincare Devices Market Revenue, by Application, 2014 (US$ Mn)
    2.4. Global Skincare Devices Market Revenue, by Geography, 2014 & 2023 (Value %)

3. Global Skincare Devices Market Overview
    3.1. Introduction
    3.2. Market Dynamics
           3.2.1. Market Drivers
                   3.2.1.1. Increase in worldwide incidence rate of skin disorders
                   3.2.1.2. Technological advances: growing preference for minimally and non-invasive procedures
                   3.2.1.3. Rise in health care expenditure
                   3.2.1.4. Rapidly aging global population
                   3.2.1.5. Growing medical tourism and medspas
           3.2.2. Restraints
                   3.2.2.1. Competitive pricing and equipment costs
                   3.2.2.2. Substitutes gaining popularity
           3.2.3. Opportunity
                   3.2.3.1. Emerging economies: Untapped market potential with high unmet medical needs
    3.3. Porter’s Five Forces Analysis for the Global Skincare Devices Market
    3.4. Market Attractiveness Analysis– Skincare Devices Market, by Geography (2014) (%) 
    3.5. Competitive Landscape, by Key Players, 2014

4.  Market Segmentation – By Product Type
    4.1. Introduction
    4.2. Skincare Diagnostic Devices Market Revenue, by Type, 2013-2023 (US$ Mn)
           4.2.1. Dermatoscopes Market Revenue, 2013-2023 (US$ Mn)
           4.2.2. Biopsy Devices Market Revenue, 2013-2023 (US$ Mn)
           4.2.3. Image Guidance Market Revenue, 2013-2023 (US$ Mn)
    4.3 Skincare Treatment Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.1. LED Therapy Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.2. Lasabrasion Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.2. Liposuction Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.4. Microdermabrasion Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.5. Electrosurgical Devices Market Revenue, 2013-2023 (US$ Mn)
           4.3.6. Cryotherapy Devices Market Revenue, 2013-2023 (US$ Mn)

5. Market Segmentation – By Application
    5.1. Introduction
    5.2. Cellulite Reduction Market Revenue, 2013-2023 (US$ Mn)
    5.3. Disease Diagnosis and Treatment Market Revenue, 2013–2023 (US$ Mn)
    5.4. Hair Removal Market Revenue, 2013–2023 (US$ Mn)
    5.5. Skin Tightening and Body Contouring Market Revenue, 2013–2023 (US$ Mn)
    5.6. Skin Rejuvenation Market Revenue, 2013–2023 (US$ Mn)
    5.7. Damage Repair Market Revenue, 2013–2023 (US$ Mn)

6. Market Segmentation – By Geography
    6.1. Introduction
    6.2. Global Skincare Devices Market Revenue, by Geography, 2013–2023 (US$ Mn)
    6.3. North America Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
           6.3.1. U.S.
           6.3.2. Canada
    6.4. Europe Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
           6.4.1. Germany
           6.4.2. U.K.
           6.4.3. Rest of Europe
    6.5. Asia Pacific Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
           6.5.1. China
           6.5.2. India
           6.5.3. Rest of Asia Pacific
    6.6. Rest of the World Market Revenue, by Country, 2013–2023 (US$ Mn)
           6.6.1. Latin America
           6.6.2. Middle East and Africa

7. Company Profiles
    7.1. Alma Lasers Inc.
    7.2. Cutera, Inc.
    7.3. Cynosure, Inc.
    7.4. GE Healthcare
    7.5. Human med AG
    7.6. Lumenis, Ltd.
    7.7. Michelson Diagnostics
    7.8. Photomedex, Inc.
    7.9. Solta Medical, Inc. 
    7.10. Syneron Medical Ltd.

List of Figures

FIG. 1 Global Skincare Devices Market Revenue, by Product, 2014 and 2023 (Value %)
FIG. 2 Global Skincare Devices Market Revenue, by Product, 2014 (US$ Mn)
FIG. 3 Global Skincare Devices Market Revenue, by Product, 2023 (US$ Mn) 
FIG. 4 Global Skincare Devices Market Revenue, by Application, 2014 (US$ Mn) 
FIG. 5 Global Skincare Devices Market Revenue, by Geography, 2014 (US$ Mn) 
FIG. 6 Global Skincare Devices Market Revenue, by Geography, 2023 (US$ Mn) 
FIG. 7 Market Attractiveness Analysis: Global Skincare Devices Market, by Geography
FIG. 8 Global Dermatoscopes Market Revenue, 2013–2023 (US$ Mn)
FIG. 9 Global Biopsy Devices Market Revenue, 2013–2023 (US$ Mn)
FIG. 10 Global Image Guidance Systems Market Revenue, 2013–2023 (US$ Mn)
FIG. 11 Global LED Therapy Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 12 Global Lasabrasion Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 13 Global Liposuction Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 14 Global Microdermabrasion Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 15 Global Electrosurgical Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 16 Global Cryotherapy Devices Market Revenue, 2013-2023 (US$ Mn)
FIG. 17 Global Cellulite Reduction Market Revenue, 2013-2023 (US$ Mn)
FIG. 18 Global Disease Diagnosis and Treatment Market Revenue, 2013-2023 (US$ Mn)
FIG. 19 Global Hair Removal Market Revenue, 2013-2023 (US$ Mn)
FIG. 20 Global Skin Tightening and Body Contouring Market Revenue, 2013-2023 (US$ Mn)
FIG. 21 Global Skin Rejuvenation Market Revenue, 2013-2023 (US$ Mn)
FIG. 22 Global Damage Repair Market Revenue, 2013-2023 (US$ Mn)
FIG. 23 Cutera, Inc., Annual Revenue, 2012–2014 (US$ Mn)
FIG. 24 Cynosure, Inc. Annual Revenue, 2012–2014 (US$ Mn)
FIG. 25 GE Healthcare, Annual Revenue, 2012–2014 (US$ Mn)
FIG 26 Lumenis, Inc., Annual Revenue, 2012–2014 (US$ Mn)
FIG 27 Photomedex, Inc., Annual Revenue, 2012–2014 (US$ Mn)
FIG 28 Syneron Medical Ltd. Annual Revenue, 2012–2014 (US$ Mn)

List of Tables

TABLE 1 Skincare Devices Market Snapshot: 2015-2023
TABLE 2 Global Skincare Devices Market Revenue, by Key Players, 2014 (US$ Mn)
TABLE 3 Global Skincare Devices Market Revenue, by Product Type, 2013–2023 (US$ Mn)
TABLE 4 Global Skincare Diagnostic Devices Market Revenue, by Type, 2013–2023 (US$ Mn)
TABLE 5 Global Skincare Treatment Devices Market Revenue, by Product Type, 2013–2023 (US$ Mn)
TABLE 6 Global Skincare Devices Market Revenue, by Application, 2013–2023 (US$ Mn)
TABLE 7 North America Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
TABLE 8 Europe Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
TABLE 9 Asia-Pacific Skincare Devices Market Revenue, by Country, 2013–2023 (US$ Mn)
TABLE 10 Rest of the World Skincare Devices Market Revenue, by Region, 2013–2023 (US$ Mn)

Popularity of cosmetic procedures such as liposuction, skin tightening, body contouring, and skin rejuvenation that enhance the overall appearance of the client and make them look more youthful and fit is on the rise. Rise in the geriatric population in the U.S. and other parts of the world, particularly in Japan, is expected to drive the skincare devices market. For instance, people aged 65 and above are likely to constitute 20% of the population of the U.S. by 2029 as against 14% in 2012. At the same time, the overall population of senior citizens is expected to surpass 1.5 billion in the next few decades. Moreover, most of the upper- and middle-class women and men are the primary end-users of skincare services as they carry a trending opinion that 60 years is not an age for oneself to be called ‘old’ and get retired. Additionally, countries in the emerging markets are offering world class, yet cost-effective medical tourism solutions leading to increase in the number of procedures and skin treatments availed. However, competitive pricing and equipment costs and growth in popularity of substitutes such as at-home devices, cosmeceuticals, and OTC skincare products is expected to impede market growth.

The global skincare devices market has been segmented based on type of product, type of application, and geography. Product type comprises treatment devices and diagnostic devices. Various treatment devices for skincare include devices for LED therapy, lasabrasion, microdermabrasion, liposuction, electrosurgical, and cryotherapy. Diagnostic devices have been categorized into three sub-segments: dermatoscopes, biopsy devices, and image guidance systems. LED therapy devices was the largest market segment in 2014; however, the lasabrasion devices segment is expected to expand at the fastest CAGR of 11% during the forecast period from 2015 to 2023. This growth is attributed to the ease of use of laser-based devices and shorter recovery periods as compared to conventional invasive surgeries.

Applications of skincare devices include disease diagnosis/treatment, skin rejuvenation, hair removal, cellulite reduction, skin tightening and body contouring, and damage repair. The cellulite reduction application segment accounted for the largest share of 24.3% of the market in 2014 and is expected to reach 25.1% in 2023. High market share of the segment is due to the alarming rise in obesity rates globally and increasing popularity of non-invasive procedures for fat removal over conventional methods. However, skin tightening and body contouring was the fastest growing application segment, expanding at the highest CAGR. Factors influencing growth of this segment include the large baby boomer population and usage of latest technological platforms for treatment.

Geographically, North America accounted for the largest share of the global skincare devices market in terms of revenue in 2014. The market in the region was valued at US$ 3,223.8 Mn in 2014. Presence of a large base of key device manufacturers in North America coupled with high purchasing power of both buyers and consumers is expected to help the region sustain its leadership position in the global market during the forecast period. However, the skincare devices market in Asia-Pacific is likely to record the fastest growth during the forecast period due to large untapped population and rise in the adoption of minimally invasive procedures.

The skincare devices market is highly fragmented, with a large number of manufacturers competing with similar shares. Key companies profiled in the report include Alma Lasers Ltd., Cutera, Inc., Cynosure, Inc., Human Med AG, GE Healthcare, Lumenis Ltd., Michelson Diagnostics, PhotoMedex, Solta Medical, Inc. and Syneron Medical Ltd. Manufacturers undertaking extensive marketing initiatives and offering product packages to attract customers from various geographic regions is anticipated to intensify the competition in the market.

skincare-devices-market

 


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