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

Skincare Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Exponential surge in the sale of skincare devices is projected in the forthcoming years. These tools provide a majority of customers with the opportunity to gain from superior beauty outcomes. Skincare devices are designed and developed particularly to ensure efficient diagnosis and treatment of various skin conditions such as dermatological indications and skin cancer. The usage of skincare devices has considerably increased globally due to the rising incidence of cancer. The increasing preference for aesthetic procedures and the willingness of consumers to spend on these procedures will boost prospects for the global skincare devices market.

The most common types of skincare devices available in the market include biopsy devices, dermatoscopes, and image guidance systems. Recently, demand for these devices has significantly increased because of their increasing use in diagnosis of skin lesions suspected to be skin cancers. The incidence of skin cancer is surging globally at an exponential rate. This has compelled an increasing number of patients to undergo diagnosis in form of biopsies and dermatoscopy. The demand for treatment using light therapy and lasabrasion is therefore increasing at a considerable pace. This in turn will translate into higher uptake of skin care devices.

As per Transparency Market Research (TMR), the global skincare devices market is expected to surge at a CAGR of 10.1% between 2015 and 2023. TMR has pegged the market to reach a valuation of US$17,299.4 mn in 2023, from US$7,255.8 in 2014.

North America Emerges as Most Lucrative Regional Market for Skincare Devices

Regionally, emerging economies in Latin America, Eastern Europe, and Asia have been exhibiting the most lucrative prospects for the sale of skincare devices. As of 2014, North America had emerged dominant in the global skincare devices market, trailed by Europe. TMR projects the North America skincare devices market to surge at a CAGR of 9.92% during the forecast period. The region in 2014 held 44.4% of the overall market.

The sale of skincare devices in North America is substantially bolstered by the increasing population of baby boomers in the region. Besides this, the rising aesthetic needs and increasing awareness among customers about their health and well-being have augmented demand for high-performing skincare devices in the region. Technical product developments, paradigm shift in consumer preferences towards non-invasive skincare procedures, and the increasing incidence of skin cancer are other factors fuelling demand for advanced skincare devices from North America.

Asia Pacific however is expected to showcase the highest CAGR of 11.78% during the forecast period. The promising growth in the skincare devices market of the region is attributable largely to the presence of a large population with unmet demand for beauty and wellness.

Increasing Incidence of Cellulite to Fuel Demand for Skincare Devices

Based on application, demand for skincare devices was witnessed to be the highest for cellulite reduction. The segment accounted for a share of 25.1% in 2023. However, during the forecast period, the skin tightening and body contouring segment will exhibit growth at the fastest pace in the market. As per TMR nearly 85% to 98% women are affected by cellulite every year globally. Despite its increasing incidence, cellulite is considered to be an issue of worry by millions of women around the world. Cellulite reduction is thus seen as the largest application segment in the market mainly because of the alarming rise of obesity worldwide, the increasing demand for non-invasive beauty procedures, and increasing willingness of consumers to spend on their beauty and wellness.

Apart from their increasing usage in cellulite reduction, skincare devices are also used for diagnosis and treatment of various skin diseases such as skin cancer, warts, fungal infections, psoriasis, scabies, and others.

Some of the most prominent enterprises operating in the market include Lumenis Ltd., Valeant Pharmaceuticals, Cynosure, ZELTIQ Aesthetics, Inc., and Syneron Medical Ltd.

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)

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


 
 
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