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.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Skincare Treatment Devices Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Skincare Treatment Devices Market: Strategic Insights
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
Increasing Demand for Cosmetic Procedures and Untapped Opportunities from Developing EconomiesThere 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.
Skincare Treatment Devices Market Regional Insights
The regional trends and factors influencing the Skincare Treatment Devices Market throughout the forecast period have been thoroughly explained by the analysts at 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.
- Get the Regional Specific Data for Skincare Treatment Devices Market
Skincare Treatment Devices Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10.9 Billion |
| Market Size by 2028 | US$ 23.38 Billion |
| Global CAGR (2021 - 2028) | 11.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
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.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Skincare Treatment Devices Market are:
- Allergan
- Cutera
- Merz Pharma
- Hologic, Inc.
- Candela Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Skincare Treatment Devices Market top key players overview
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
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, Distribution Channel, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
What is the regional market scenario of the skincare treatment devices market?
Global skincare treatment devices market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, the U.S. is the largest market for skincare treatment devices market. The US is estimated to hold the largest share in the skincare treatment devices market during the forecast period. The presence of top players and favorable regulations related to product approvals coupled with commercialization of new products are the contributing factors for the regional growth. Additionally, the increasing number of technological advancements is the key factor responsible for the Asia-Pacific regional growth for skincare treatment devices accounting fastest growth of the region during the coming years.
Who are the key players in the skincare treatment devices market?
Allergan, Cutera, Merz Pharma, Hologic, Inc., Candela Corporation, Panasonic Corporation, Michelson Diagnostics Ltd., Bausch Health Companies, Inc., Lumenis BE Ltd., and Photomedex Inc. are among the leading companies operating in the global skincare treatment devices market
Which application segment held the largest revenue (US$ Mn) in the skincare treatment devices market?
The hair removal segment dominated the global skincare treatment devices market and accounted for the largest revenue of 21.62 Bn in 2021.
What is meant by the skincare treatment devices market?
Skincare treatment devices are used for the treatment of various skin disorders and abnormalities such as warts, acne, eczema, psoriasis and dermatitis. These devices also help to hide the signs of aging by providing various skin rejuvenation, skin tightening and other procedures which helps in maintain the healthy, glowing skin.
What are the driving factors for the skincare treatment devices market across the globe?
Increasing prevalence of skin disorders and rising awareness about beauty devices is one of the most significant factors responsible for the overall market growth.
Which segment led the skincare treatment devices market?
Based on product, laser-based devices took the forefront leaders in the worldwide market by accounting largest share in 2020 and is expected to continue to do so till the forecast period.
Trends and growth analysis reports related to Life Sciences : READ MORE..
The List of Companies - Skincare Devices Market
- Allergan
- Cutera
- Merz Pharma
- Hologic, Inc.
- Candela Corporation
- Panasonic Corporation
- Michelson Diagnostics Ltd.
- Bausch Health Companies, Inc.
- Lumenis BE Ltd.
- Photomedex Inc
Get Free Sample For