Skincare Treatment Devices Market Size and Competitive Analysis by 2028

The skincare treatment devices market is projected to reach US$ 23,378.96 million by 2028 from US$ 10,898.26 million in 2021; it is expected to grow at a CAGR of 11.5% during 2021-2028.

Increasing prevalence of skin disorders and rising awareness about beauty devices, along with increasing new product launches and rising developments and strategic collaborations, fuel the market's growth.

The rising prevalence of various disorders such as dermatitis, acne, psoriasis, and other skin anomalies such as warts, moles, and lesions are creating the demand for skincare treatment devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million Americans annually. Thus, a surge in such acne conditions is creating the need for skincare treatment devices. Additionally, changing beauty standards and the beauty industry are creating the demand for skincare treatment devices, thereby driving the skincare treatment devices market. Moreover, rising geriatric population prone to wrinkles and aging is boosting the demand for antiaging, toning, and skin rejuvenation treatment to hide the signs of aging. As per The Aesthetic Society, 41,301 skin rejuvenation procedures were performed in the US, generating a revenue of US$ 31,567,167 in 2020.

On the other hand, the rise in consumer awareness about skincare treatments is increasing medspas and skin clinics to provide affordable skin treatments for various skin conditions, thereby boosting the demand for skincare treatment devices. Furthermore, the increase in technological advancements and surge in R&D activities are leading to the launch of new and innovative devices for skincare treatments, thereby propelling the overall skincare treatment devices market share. In addition, there has been an increase in demand and inclination toward home-based skincare devices, which are portable. These devices are based on microcurrent and ultrasonic technic technology. For instance, in July 2021, NuFACE innovative at-home microcurrent technology announced its latest skincare innovation with IonPlex Ionized Skincare Activators—a unique blend of electrically charged ions and glacial water that deliver a surge of active ingredients for optimal microcurrent results and healthy, younger-looking skin. This has also resulted in the growth of the skincare treatment devices market.

Skincare Treatment Devices Market: Strategic Insights

Furthermore, increasing awareness about appearance, rising consumer awareness about skincare devices, and increasing demand for aesthetics are generating the demand for skincare treatment devices. The rising demand for laser treatments, body contouring, skin tightening is promoting the market growth.

North America held the largest market share for the skincare treatment devices market in 2021. The US held the largest market in North America for skincare treatment devices. The market is expected to grow due to the high prevalence rate of skin disorders & abnormalities, along with the rising demand for beauty and aesthetics. Moreover, an increase in product launches in the region by local manufacturers is also expected to promote market growth.

Market Insights

There has been tremendous change in the beauty industry and standards among men and women globally. The increasing awareness among consumers and to comply with such beauty standards, the large population is opting for cosmetic procedures. Apart from the rising demand for aesthetics, the increased demand for various procedures such as warts or lesion removal, spot reduction, tattoo removal, and scar reduction are also in demand, creating opportunities for skincare treatment devices.

On the other hand, Asia Pacific is expected to develop significantly due to developing economies such as China and India. The developing economies have a large population base, increased disposable income, and consumer awareness and consciousness about beauty treatments and aesthetics. According to the International Society of Aesthetic Plastic Surgery, 268,536 nonsurgical cosmetic procedures were performed in India in 2020. Additionally, the rising demand for minimally invasive or nonsurgical skincare treatments is expected to create ample opportunities for the skincare treatment devices market in the coming years.

Product-Based Insights

Based on product, the skincare treatment devices market is segmented into light/LED therapy and photo rejuvenation device, liposuction devices, microdermabrasion devices, laser-based devices, and cryotherapy devices. The laser-based devices segment held the largest market share in 2021 and is anticipated to grow significantly and register the highest CAGR in the market during the forecast period due to the increasing number of cosmetic surgeries and the usage of medical lasers in these surgeries.

Application-Based Insights

Based on application, the skincare treatment devices market is segmented into cellulite reduction, hair removal, skin rejuvenation, skin tightening and body contouring, and others. The hair removal segment held the largest share of the market in 2021. In addition, the skin tightening and body contouring segment is estimated to register the highest CAGR  in the market during the forecast period.

Distribution Channel-Based Insights

The skincare treatment devices market, based on distribution channel, is segmented into online retails, specialty stores, supermarkets/hypermarkets, and other sales channels. The specialty stores segment held the largest share of the market in 2021. In addition, the online retails segment is estimated to register the highest CAGR in the market during the forecast period.

The regional trends and factors influencing the Skincare Treatment Devices Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Skincare Treatment Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Skincare Treatment Devices Market Report Scope

Skincare Treatment Devices Market Players Density: Understanding Its Impact on Business Dynamics

The Skincare Treatment Devices Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

End User-Based Insights

The skincare treatment devices market, based on end user, is segmented into dermatology clinics, hospitals, spas and beauty salons, and other end users. The dermatology clinics segment held the largest share of the market in 2021, whereas the hospitals segment is estimated to register the highest CAGR in the market during the forecast period.             

Companies operating in the skincare treatment devices market adopt the product innovation strategy to meet the evolving customer demands worldwide, permitting them to maintain their brand name in the global skincare treatment devices market.

Company Profiles

• Allergan
• Cutera
• Merz Pharma
• Hologic, Inc.
• Candela Corporation
• Panasonic Corporation
• Michelson Diagnostics Ltd.
• Bausch Health Companies, Inc.
• Lumenis BE Ltd.
• Photomedex Inc