Skin Care Devices Market
Skin Care Devices Market (Product - Skin Care Diagnostic Devices (Dermatoscope, Biopsy, and Image Guidance) and Skin Care Treatment Devices (LED Therapy, Lasabrasion, Liposuction, Microdermabrasion, Electrosurgical, and Cryotherapy); 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
Press Release :
Global Skincare Devices Market: Snapshot
The global market for skincare devices market is constantly evolving, offering a vast variety of products and solutions for general indications as well as for niche conditions. As the pool of consumers with several skin conditions expands, the market is marching towards a healthy growth path with a number of companies ambitiously upping their product portfolios and expanding their business plans to develop solutions for this rising pool of patients. Increased focus of companies on the design and development of effective skincare devices is changing the dynamics of the market, bringing in changes not only in terms of revenue opportunity that the market is offering but also in terms of a variety of cosmetic procedures possible.
Transparency Market Research estimates that the global skincare devices market will exhibit an impressive CAGR 10.1% from 2015 to 2023, rising from a valuation of US$7,255.8 mn in 2014 to an opportunity of US$17,299.4 mn by 2023.
Increased Aesthetic Applications for Diagnosis of Skin Diseases to Drive Demand
People are increasingly becoming more concerned about their appearance. Skin care devices are noted to have a spectrum of aesthetic applications across cosmetic procedures such as skin tightening, liposuction, skin rejuvenation, and body contouring. The desire to remain fit and youthful, at least in terms of appearance, has bolstered the overall demand from the global skincare devices market.
A number of other factors have also contributed to the consistent rise in demand for skincare devices across the globe. Skincare devices such as dermatoscopes, image guidance systems, and biopsy devices are witnessing string demand across the globe as they facilitate the diagnosis of skin lesions, which are feared to be cancerous in nature.
A wide range of skincare devices used to treat specific skin disorders and indications such as skin ageing, cellulite reduction, spider veins, wrinkles, and vascular lesions are also witnessing increased demand. Rising numbers of dermatologists, beauty spas, and professional aestheticians across the globe are also leading to the increased usage of a variety of skincare devices, thus aiding the scope of development of the global skincare devices market.
North America and Asia to Register Maximum Demand for Skincare Devices
North America has a high and rising population of high-income individuals and middle-aged people and geriatrics. The combination is working miraculously for the skincare devices market with a considerable rise in demand for aesthetic skin care services and products stemming from this very group. North America is presently the largest market for skincare devices across the globe. On the basis of revenue, North America is predicted to account for a large share of the overall market in the forthcoming years.
In Asia Pacific, there has been a massive rise in demand for laser-based treatments in the recent years. This trend is expected to pave the way for the development of technologies such as lasabrasion and laser peel in the forthcoming years. The rise in the average disposable incomes of the middle class population in the region and the increased demand for tattoo inking, tattoo removal, and anti-aging procedures are expected to increase the demand for skincare devices in the near future. Of the various types of skin treatment procedures available in the market, the fractional CO2 laser technology is anticipated to register the fastest growth owing to its utility across a variety of applications such as wrinkle removal and scar and spot reduction.
Some of the leading companies operating in the global skincare devices market are Valeant Pharmaceuticals, Syneron Medical Ltd., Lumenis Ltd., ZELTIQ Aesthetics, Inc., and Cynosure.
Increasing Number of Dermatologists and Rising Inclination towards Heightened Beauty Standards will Boost Skin Care Devices Market
A wide scope of skincare devices used to treat explicit skin problems and signs, for example, skin maturing, cellulite decrease, insect veins, wrinkles, and vascular sores are likewise seeing expanded interest. The growing inclination towards beauty standard and increasing number of dermatologists, excellence spas, and expert aestheticians across the globe are likewise prompting the expanded utilization of an assortment of skincare devices, subsequently supporting the extent of advancement of the worldwide skincare devices market.
The worldwide market for skincare devices market is continually developing, offering an immense assortment of items and answers for general signs just as for specialty conditions. As the pool of purchasers with a few skin conditions extends, the market is walking towards a solid development way with various organizations aggressively increasing their item portfolios and growing their field-tested strategies to create answers for this rising pool of patients. Expanded focal point of organizations on the plan and improvement of successful skincare devices is changing the elements of the market, getting changes not just regarding income opportunity that the market is offering yet in addition as far as an assortment of restorative strategies conceivable.
The rising number of skin malignancy cased and the growing interest for non-intrusive corrective techniques are considered as a portion of the key factors that are projected to improve the development of the worldwide skin care devices market in the following not many years. Likewise, the extension of the item portfolio and the expanding innovative work exercises are expected to speed up the development of the worldwide market all through the gauge period. On the other side, the accessibility of substitute methods and the significant expense of skin care devices and methodology are projected to hamper the development of the market soon. In any case, the dispatch of new savvy skin care devices, which are relied upon to back off the total system of treating a few skin-related problems are projected to offer rewarding freedoms for the central participants in the coming years.
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
- 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
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle East & Africa