Tag Archives: Skincare Devices Market

Skincare Devices Market: Future market projections for forthcoming years

Exponential surge in the sale of skincare devices is projected in the forthcoming years. These tools provide a majority of customers with the opportunity to gain from superior beauty outcomes. Skincare devices are designed and developed particularly to ensure efficient diagnosis and treatment of various skin conditions such as dermatological indications and skin cancer. The usage of skincare devices has considerably increased globally due to the rising incidence of cancer. The increasing preference for aesthetic procedures and the willingness of consumers to spend on these procedures will boost prospects for the global skincare devices market.

The most common types of skincare devices available in the market include biopsy devices, dermatoscopes, and image guidance systems. Recently, demand for these devices has significantly increased because of their increasing use in diagnosis of skin lesions suspected to be skin cancers. The incidence of skin cancer is surging globally at an exponential rate. This has compelled an increasing number of patients to undergo diagnosis in form of biopsies and dermatoscopy. The demand for treatment using light therapy and lasabrasion is therefore increasing at a considerable pace. This in turn will translate into higher uptake of skin care devices.

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As per Transparency Market Research (TMR), the global skincare devices market is expected to surge at a CAGR of 10.1% between 2015 and 2023. TMR has pegged the market to reach a valuation of US$17,299.4 mn in 2023, from US$7,255.8 in 2014.

North America Emerges as Most Lucrative Regional Market for Skincare Devices

Regionally, emerging economies in Latin America, Eastern Europe, and Asia have been exhibiting the most lucrative prospects for the sale of skincare devices. As of 2014, North America had emerged dominant in the global skincare devices market, trailed by Europe. TMR projects the North America skincare devices market to surge at a CAGR of 9.92% during the forecast period. The region in 2014 held 44.4% of the overall market.

The sale of skincare devices in North America is substantially bolstered by the increasing population of baby boomers in the region. Besides this, the rising aesthetic needs and increasing awareness among customers about their health and well-being have augmented demand for high-performing skincare devices in the region. Technical product developments, paradigm shift in consumer preferences towards non-invasive skincare procedures, and the increasing incidence of skin cancer are other factors fuelling demand for advanced skincare devices from North America.

Asia Pacific however is expected to showcase the highest CAGR of 11.78% during the forecast period. The promising growth in the skincare devices market of the region is attributable largely to the presence of a large population with unmet demand for beauty and wellness.

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Increasing Incidence of Cellulite to Fuel Demand for Skincare Devices

Based on application, demand for skincare devices was witnessed to be the highest for cellulite reduction. The segment accounted for a share of 25.1% in 2023. However, during the forecast period, the skin tightening and body contouring segment will exhibit growth at the fastest pace in the market. As per TMR nearly 85% to 98% women are affected by cellulite every year globally. Despite its increasing incidence, cellulite is considered to be an issue of worry by millions of women around the world. Cellulite reduction is thus seen as the largest application segment in the market mainly because of the alarming rise of obesity worldwide, the increasing demand for non-invasive beauty procedures, and increasing willingness of consumers to spend on their beauty and wellness.

Apart from their increasing usage in cellulite reduction, skincare devices are also used for diagnosis and treatment of various skin diseases such as skin cancer, warts, fungal infections, psoriasis, scabies, and others.

Some of the most prominent enterprises operating in the market include Lumenis Ltd., Valeant Pharmaceuticals, Cynosure, ZELTIQ Aesthetics, Inc., and Syneron Medical Ltd.

 

Skincare Devices Market 2023; Increasing Incidence of Skin Cancer Boosts Sales

According to a new market report published by Transparency Market Research “Skincare Devices Market (Treatment Device – LED Therapy Devices, Lasabrasion Devices, Liposuction Devices, Microdermabrasion Devices, Electrosurgical Devices, and Cryotherapy Devices; Diagnostic Device – Dermatoscopes, Biopsy Devices, and Image Guidance Systems; 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”, the global skincare devices market was valued at US$ 7,255.8 Mn in 2014 and is projected to expand at a CAGR of 10.1% from 2015 to 2023 to reach US$ 17,299.4 Mn in 2023.

Skincare devices assist in efficient diagnosis and treatment of various skin conditions including skin cancers and dermatological indications such as pigmented lesions, acne, wrinkles, and vascular lesions. Rapid growth in the incidence rate of skin cancer and other skin disorders across the globe is expected to increase the number of patients requiring diagnosis and treatment for several skin conditions. This will in turn increase the uptake of skincare devices, thereby driving growth of the market. Moreover, growing customer preference for aesthetic procedures and their willingness to spend more on them has fueled the growth of the global skincare devices market. Based on product type, the skincare devices market has been categorized into diagnostic and treatment devices. The global skincare devices market was valued at US$ 7,255.8 Mn in 2014 and is anticipated to expand at a CAGR of 10.1% from 2015 to 2023 to reach US$ 17,299.4 Mn in 2023.

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According to the estimates of the American Society of Plastic Surgeons, over 15.9 million minimally invasive aesthetic procedures were performed in the U.S. in 2015, a 2% increase over 2014. This indicates high popularity of minimally invasive procedures in dermatological application. For simple skin related problems such as unwanted hair, wrinkles, and lines, patients prefer faster solutions with minimal pain that will help them resume work at the earliest. Furthermore, introduction of hand-held devices in the microdermabrasion and lasabrasion segments will increase convenience for service providers, thereby driving uptake of these devices and growth of the overall market. Hence, the overall skincare market is witnessing an increasing trend of product innovation to ensure maximum patient comfort during and after treatment.

This report provides market size and forecast for the global skincare devices market based on type of product, application, and geography. The major geographies analyzed in the report include North America, Europe, Asia-Pacific, and Rest of the World (RoW). In addition, the regions have been further segmented into major countries. The report also provides country level market estimation for the U.S., Canada, the U.K., Germany, China, and India.

North America dominated the global skincare devices market in 2014. The region is expected to continue its dominance during the forecast period from 2015 to 2023. Presence of a large base of key device manufacturers in North America coupled with the high purchasing power of both buyers and consumers is expected to help the region sustain its leadership position in the global market during the forecast period. However, other regions, particularly Asia-Pacific and Rest of the World (Latin America and Middle East & Africa), are expected to record strong growth during the same period. Increasing disposable incomes of consumers, entry of new local manufacturers offering products at competitive prices, and rising awareness levels regarding skin conditions and aesthetic treatments are likely to drive the market in Asia-Pacific and Rest of the World.

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Europe was the second largest market for skincare device in terms of revenue in 2014. Shift in lifestyle, especially in the urban population, and technological innovation in treatment devices for skincare are the major factors likely to increase demand for skincare devices in this region. Germany and the U.K. dominate the skincare devices market in Europe. However, other markets in Europe are also developing dynamically. The skincare devices market in Europe is likely to witness strong growth due to large underserved population who need and have the purchasing power to avail advanced skincare solutions.

The global skincare devices market is highly fragmented, with the presence of a large number of players. Key companies profiled in this report include Alma Lasers, Inc., Cutera, Inc., Cynosure, Inc., GE Healthcare, Human med AG, Lumenis, Ltd., Michelson Diagnostics, Photomedex, Inc., Solta Medical, Inc., and Syneron Medical Ltd.

 

Sales of Skincare Devices Poised to Rise Globally With Increasing Incidence of Skin Cancer and Other Skin Disorders, says TMR

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.

As per Transparency Market Research (TMR), the global skincare devices market is expected to surge at a CAGR of 10.1% between 2015 and 2023. TMR has pegged the market to reach a valuation of US$17,299.4 mn in 2023, from US$7,255.8 in 2014.

Read Full Report: http://www.transparencymarketresearch.com/skincare-devices-market.html

North America Emerges as Most Lucrative Regional Market for Skincare Devices

Regionally, emerging economies in Latin America, Eastern Europe, and Asia have been exhibiting the most lucrative prospects for the sale of skincare devices. As of 2014, North America had emerged dominant in the global skincare devices market, trailed by Europe. TMR projects the North America skincare devices market to surge at a CAGR of 9.92% during the forecast period. The region in 2014 held 44.4% of the overall market.

The sale of skincare devices in North America is substantially bolstered by the increasing population of baby boomers in the region. Besides this, the rising aesthetic needs and increasing awareness among customers about their health and well-being have augmented demand for high-performing skincare devices in the region. Technical product developments, paradigm shift in consumer preferences towards non-invasive skincare procedures, and the increasing incidence of skin cancer are other factors fuelling demand for advanced skincare devices from North America.

Asia Pacific however is expected to showcase the highest CAGR of 11.78% during the forecast period. The promising growth in the skincare devices market of the region is attributable largely to the presence of a large population with unmet demand for beauty and wellness.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1244

Increasing Incidence of Cellulite to Fuel Demand for Skincare Devices

Based on application, demand for skincare devices was witnessed to be the highest for cellulite reduction. The segment accounted for a share of 25.1% in 2023. However, during the forecast period, the skin tightening and body contouring segment will exhibit growth at the fastest pace in the market. As per TMR nearly 85% to 98% women are affected by cellulite every year globally. Despite its increasing incidence, cellulite is considered to be an issue of worry by millions of women around the world. Cellulite reduction is thus seen as the largest application segment in the market mainly because of the alarming rise of obesity worldwide, the increasing demand for non-invasive beauty procedures, and increasing willingness of consumers to spend on their beauty and wellness.

Apart from their increasing usage in cellulite reduction, skincare devices are also used for diagnosis and treatment of various skin diseases such as skin cancer, warts, fungal infections, psoriasis, scabies, and others.

Some of the most prominent enterprises operating in the market include Lumenis Ltd., Valeant Pharmaceuticals, Cynosure, ZELTIQ Aesthetics, Inc., and Syneron Medical Ltd.

 

Future Outlook of Skincare: Chief Trends could be Game Changers

plasticsurgery1The increasing prevalence of skin disorders around the world has fuelled the demand for skincare devices in the recent times. Major companies operating in the global skincare devices market are focusing on introducing highly developed state-of-art skincare devices to meet the demand of their customers.

Increasing Prevalence of Skin-aging Propels Demand for Skincare Devices

Nowadays, skin-aging has become the most common skin problem faced by people around the world. The rising pollution across the world has caused several severe environmental damages, which has accelerated the aging of skin in an individual. This factor has given rise to various trends in the worldwide skincare devices market, the emergence anti-ageing wearables being the latest one.

Although the global wearable tech market is still in its early stage, with three of the leading manufacturers of skincare products introducing their wearable anti-ageing devices, anti-ageing wearables are set to enjoy an exponential growth in demand in the near future.

L’Oreal Introduces My UV Patch, Feeligreen to Launch Anti-aging Skin-like Patch

The first among these is L’Oreal Paris, which has recently launched a UV-detecting patch, named My UV Patch. This is a smartphone-connected adhesive patch that keeps a tab on the UV exposure of its user. The company has entered into the wearable tech market with this introduction.

Second in line is Feeligreen, a French startup operating in dermo-therapeutic and dermo-cosmetic applications. Using micro-current technology, the company is working on creating a skin-like patch, equipped with anti-ageing benefits for active treatment of the signs of ageing. This patch will also help in diffusing beauty products and topical medication into the skin.

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Wired Beauty Rolls out World’s First Connected Beauty Mask

Futuristic facial mask from Wired Beauty is the third wearable skincare device that has created a buzz in the global market. The device, named MAPO, is the first connected beauty mask in the world.

The device, developed on crowd-funding, is a 3D soft silicon face mask, equipped with bio-sensors to measure skin-hydration level in real time. This information is transmitted to an app, which offers recommendations related to skincare to the wearer. The company has priced this device at US$221.74.

North America to Retain its Position as Market Leader in Global Skincare Devices Market

The global skincare devices market has been witnessing a remarkable rise over the past few years. Transparency Market Research (TMR) has recently published a research report on the global skincare devices market, estimating it to report a CAGR of 10.10% between 2012 and 2018 and reach a value of US$10.7 bn by the end of 2018.

North America has been leading the global market for skincare since last few years. Experts project it to retain its position in the coming years. Asia Pacific is also predicted to exhibit significant growth in the near future.

Global Skincare Devices Market to Register 10.10% CAGR Till 2018 Stimulated by Booming Medical Tourism

A new market research report has been recently published by Transparency Market Research and is available for sale on the company website. The research report, titled “Skincare Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” presents a market overview, product segmentation, market drivers, restraining factors, opportunities, geographical segmentation, and competitive landscape.According to the research report, the global skincare devices market is projected to reach US$10.7 bn by the end of 2018, exhibiting a 10.10% CAGR between 2012 and 2018. The research report has made use of graphical representation such as charts and tables to present historical data and forecast figures of the global skincare devices market.

Browse the full Skincare Devices Market (Lasabrasion, Microdermabrasion, Liposuction, LED Therapy, Dermatoscopes, Skin Rejuvenation, Cellulite Reduction, Skin Tightening & Body Contouring and Hair Removal) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018 report at http://www.transparencymarketresearch.com/skincare-devices-market.html

The growing number of ‘medspas’ and booming medical tourism across the globe are the major factors that are expected to boost the demand for skincare devices through the forecast period. In addition, the introduction of minimally-invasive devices for skincare have helped the market gain more consumers, which will indirectly augment the growth of the global skincare devices market in the coming years. On the other hand, the cutthroat competition in this market has resulted in a multitude of research and development projects being undertaken. The price wars for these devices have given consumers greater bargaining authority, which can act as a major restraining factor for the growth of the global skincare devices market.

The global skincare devices market has broadly been divided based on product type into the treatment devices market (such as LED therapy devices, electrosurgical devices, lasabrasion devices, microdermabrasion devices, cryotherapy devices, and liposuction devices,) and diagnostic devices market (such as dermatoscopes, biopsy devices, and image guidance systems). On the basis of application, the global skincare devices market has been classifies into disease diagnosis and treatment, body contouring, skin tightening, skin rejuvenation (to counter problems such as sun damage, wrinkles, acne), damage repair (such as pigmented lesions, vascular, and tattoo removal), hair removal, and cellulite reduction.

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The research report further divides the global skincare devices market on the basis of geography into North America, Europe, Asia Pacific, and Rest of the World. Among these regions, North America held the largest share of the global skincare devices market and is also expected to maintain its dominant position throughout the forecast period. Nevertheless, the tremendously rising disposable income of consumers in developing nations of the Latin America and Asia are boosting the demand for skincare devices resulting in the market attaining a significant growth rate.

In the last section, the research report covers the competitive landscape of the global skincare devices market comprising the company overview, product portfolio, business strategies, financial overview, SWOT analysis, and recent developments. Some of the prominent players operating in this market are Syneron Medical Ltd., PhotoMedex, Inc., Cynosure, Inc., Cutera, Inc., Lumenis Ltd., and Solta Medical, Inc. Many key players operating in the global skincare devices market are expanding their marketing budgets to increase the level of awareness among the consumers.

Key segments of the Global Skincare Devices market

Global Skincare Devices Market, by Product Type

  • Diagnostic Devices Market
  • Biopsy Devices
  • Image Guidance Systems
  • Dermatoscopes
  • Treatment Devices Market
  • 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, Wrinkles)
  • Hair Removal
  • Cellulite (Fat) Reduction
  • Skin Tightening and Body Contouring
  • Damage Repair (Vascular, Pigmented Lesions and Tattoo Removal)

Global Skincare Devices Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest Of The World (Row)

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