Rising Inclination towards Non-invasive Procedures Boosts Skincare Devices Market
Published On : May 06, 2016 | Category : Healthcare
There has been an increase in the number of skin abnormalities and disorders which has led to an increase in the need to diagnosis and treat skin problems. The diagnosis and treatment of skin related problems needs various skincare devices. Skincare devices comprise various diagnostic and treatment devices such as biopsy devices, dermatoscopes, lasabrasion devices, microdermabrasion devices, liposuction devices and many more. Skincare devices not only diagnose and treat skin abnormalities, but are also used for aesthetic applications such as the enhancement of appearance of the skin and body and for cosmetic care.
The skincare devices market is growing at a fast pace owing to the increased marketing budgets of the companies operating in the skincare devices market, thus boosting the awareness among consumers. Increased awareness among consumers leads to a higher number of people opting for skincare treatments, thus boosting the global skincare devices market.
Dermatoscopes Accounted for the Largest Share in Skincare Diagnostic Devices Market in 2014
The global skincare devices market is segmented on the basis of product, application, and geography. On the basis of type, the market is segmented into treatment devices and diagnostic devices. Treatment devices include LED therapy, lasabrasion, liposuction, microdermabrasion, cryotherapy, and electrosurgical.
Diagnostic devices are categorized into biopsy devices, image guidance systems, and dermatoscopes. While LED therapy devices held the largest market among treatment devices, dermatoscopes held the largest share in the diagnostic devices market in 2014. The growth of the dermatoscopes segment can be attributed to the extensive use of these devices by dermatologists to detect malignant melanoma, basal cell carcinoma, dermatofibroma, and other skin disorders. The growing incidences of skin cancer are also driving the dermatoscopes segment.
The lasabrasion devices segment is expected to expand at the fastest CAGR of 11% between 2015 and 2023. The fast growth of the lasabrasion segment will be due to the shorter recovery period and ease of use of laser-based devices in comparison to other conventional invasive surgeries.
Cellulite Reduction Segment to Account for 25.1% of Skincare Diagnostic Devices Market by 2023
By application, the global skincare devices market is segmented into skin rejuvenation, skin tightening and body contouring, hair removal, disease diagnosis/treatment, damage repair, and cellulite reduction. Out of these, the cellulite reduction segment accounted for the largest share of 24.3% in the global market in 2014. The cellulite reduction segment is expected to rise to 25.1% in 2023 due to the alarming rate at which obesity is rising among people.
The increasing popularity of non-invasive procedures for the removal of fat as compared to conventional methods is also helping the market segment to grow. Skin tightening and body contouring is expected to expand at the highest CAGR in the future owing to the large baby boomer population and the trend of using the latest technological methods for treatments.
Some of the leading players in the global skincare devices market are Alma Lasers Ltd., Cynosure, Inc., GE Healthcare, Human Med AG, Cutera, Inc., Lumenis Ltd., Syneron Medical Ltd. Manufacturers, Michelson Diagnostics, PhotoMedex, and Solta Medical, Inc.
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