Skin Aesthetic Devices Market: Introduction

  • Skin aesthetic devices are used in various applications including facial & body contouring, congenital defect repair, and reconstructive surgeries
  • Skin aesthetic devices use radiofrequency, ultrasound, laser, and other sources of energy for correction of aforementioned body anomalies
  • Skin aesthetic procedures are used in hospitals and dermatology or cosmetics centers
  • Increase in demand for aesthetic care for skin rejuvenation and skin repair is the latest trend in the skin care market

Key Drivers and Opportunities of Global Skin Aesthetic Devices Market

  • Rise in focus on the body as a vehicle for self-expression and identity, with a greater recognition of the role of appearance and the desire for self-improvement is projected to boost the growth of the global skin aesthetic devices market
  • Increase in the geriatric population is anticipated to fuel the growth of the global skin aesthetic devices market. An article published in Plastic and Reconstructive Surgery stated that the population in the U.S. aged above 65 is likely to reach 88.5 million by 2050, an increase of 105% from that in 2015.
  • Inclination toward minimally invasive procedures leading to increase in number of surgeries is expected to augment the global market. According to the International Society of Aesthetic Plastic Surgery, 4,189,830 facial and head procedures were performed across the globe in 2017.
  • Rise in health care expenditure is also likely to fuel the growth of the global skin aesthetic devices market
  • High cost is a major factor influencing the selection of treatment. The cost of device depends on the features. Hence, high cost of the treatment is anticipated to restrain the global skin aesthetic devices market.
  • Increase in awareness about cosmetic surgeries, rise in prevalence of breast cancer, and government initiatives in developing countries present lucrative opportunities in the global market 

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North America to Capture Major Share of Global Skin Aesthetic Devices Market

  • North America is expected to account for major share of the global skin aesthetic devices market due to rise in prevalence of congenital facial defects. According to the Centers for Diseases Control and Prevention (CDC), in the U.S., about 1 in every 1,600 babies is born with cleft lip and cleft palate. Moreover, early adoption of technological advanced products is likely to drive the market in the region.
  • The market in Asia Pacific is projected to grow at a rapid pace during the forecast period. The growth of the market in the region is attributed to rise in prevalence of breast cancer. Moreover, surge in geriatric population is anticipated to fuel the growth of the market in the region.

Key Players Operating in Global Skin Aesthetic Devices Market

The global skin aesthetic devices market is highly consolidated due to the presence of small number of key players. Demand for skin aesthetic devices has increased in emerging as well as developing markets. Leading players are engaged in merger & acquisition, which is expected to boost the growth of the global skin aesthetic devices market. In September 2018, Syneron Candela announced the acquisition of Ellipse. This acquisition enabled Syneron Candela to strengthen its footprint in multiple applications and provide a compressive product portfolio. In April 2017, Allergan completed the acquisition of ZELTIQ Aesthetics, Inc. This expanded Allergan’s global aesthetic business into the highly-complementary and fast-growing body contouring segment.

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Major players operating in the global skin aesthetic devices market are:

  • Venus Concept
  • Lumenis
  • Cynosure
  • Solta Medical (Valeant Pharmaceuticals)
  • Ulthera
  • Allergan
  • BTL INDUSTRIES, Inc.
  • Cutera
  • Alma Lasers
  • Genesis Biosystems, Inc.
  • Implantech
  • MERZ PHARMACEUTICALS
  • Others

Global Skin Aesthetic Devices Market: Research Scope

Global Skin Aesthetic Devices Market, by Technology

  • Ultrasound Technology
  • Radiofrequency Technology
  • Laser Technology
  • Others

Global Skin Aesthetic Devices Market, by Application

  • Hair Removal
  • Skin Tightening
  • Fat Reduction
  • Breast Enhancement
  • Body Contouring
  • Tattoo Removal
  • Others

Global Skin Aesthetic Devices Market, by End-user

  • Hospitals
  • Specialty Clinics
  • Cosmetic Centers

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
  • Europe
  • 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.

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