Skincare Devices Market (By Type (Diagnostic devices (Dermatoscopes, Biopsy devices, Image-guided systems, others) and Treatment devices (light/led therapy & photorejuvenation, liposuction devices, electrosurgical devices, laser-based devices, cryotherapy devices, microdermabrasion devices, and others)), By Distribution Channel (Direct and Indirect), By Application (hair removal, skin tightening and body contouring, disease diagnosis & treatment, skin rejuvenation, cellulite reduction, and others), By End User (Dermatology Clinics, Hospitals, Spas and Saloons, and others) and By Region(Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa)) – Prospective Landscape, Size, Share, Growth, Opportunities and Industry Forecast 2019-2028

Report Synopsis

The skincare devices market is primarily driven by growing prevalence of skin diseases along with rising disposable income across the globe. The rising geriatric population along with growing aesthetic procedures worldwide are some other factors for the market growth. As per a recent report published in 2019, by International Society of Aesthetic Plastic Surgery (ISAPS), total number of surgical procedures (including breast augmentation, liposuction, breast reduction, lower body lift, and others) performed in 2018 were 10,607,227 as compared to 9,018,375 in 2014 which is around 15% increase. Similarly, total number of non-surgical procedures (such as hair removal, nonsurgical fat reduction, Photorejunevation, and others) performed in 2018 were 12,659,147 as compared to 9,559,372 in 2014 which is around 24.5% increase. In addition, the increased awareness of people towards their skin and increase in income levels are some other key factors estimated to contribute towards market growth during the forecast period.

Market Insights

The Skincare device market was valued at US$ 9.62 Mn in 2019 and anticipated to grow at a CAGR of 11.4% throughout the forecast period to reach over US$ 22.9 Mn by 2028. The increased demand for skincare devices in the developing economies of Asia-Pacific along with the rising prevalence of skin disorders such as non-melanoma and melanoma skin cancer, due to imprudent exposure of the population to ultraviolet rays and increasing pollution have fueled the demand for these skincare devices. According to the World Health Organization (WHO) report, more than 130,000 cases of melanoma and 3 million cases of non-melanoma skin cancer are detected every year all over the world. Furthermore, other common skin diseases such as dark circles, acne, dead skin, eczema, pimples, and psoriasis are further estimated to drive the global market growth in the years to come. Companies are heavily investing in R&D to introduce advanced technology devices to treat skin diseases; some of the famous therapies include hair removal, laser & LED, wrinkles, rosacea, and devices to treat blemishes which is espected to enhance the market growth. The growing geriatric population along with rising disposable income are some other key factors anticipated to enhance the global market demand in the years to come.

Market Trends

The rise in medical spa treatments and increasing use of home-use skincare devices are some of the leading trends which are observed in the global skincare devices market. The market for home-use skincare devices has rapidly risen around the world, especially in Asia-Pacific due to miniaturization of skincare devices which can be easily use at home. Home-use skin devices often treat conditions at the skin surface like wrinkles, scars, pigmentation and the treatment can be done on most parts of the body. In addition, most popular therapies are laser and LED devices to treat blemishes, wrinkles, rosacea, hair removal, and other cosmetic conditions and radiofrequency and sonic brushes that clean pores and stimulate circulation to reduce the frequency of breakouts.

Market Drivers

The major factors which are driving the growth for the global skincare devices market are increasing prevalence of skin related diseases, increasing net disposable income, rising geriatric population, growing demand for aesthetic procedures, and technological advancements in skincare devices. The rising geriatric population is one of the key drivers for the global skincare devices market growth. According to United Nations Department of Economic and Social Affairs (UNDESA) recent report published in 2019, the people aged 65 or older are 703 million worldwide and the number is estimated to reach 1.5 billion by 2050. As per the same report, by 2050 1 in 6 people will be over the age of 65 as compared to 1 in 11 in 2019.

Market Restraints

The skin care device market restraints are the side effects associated with these devices aong with ongoing COVID-19 pandemic. Some side effects of using skincare devices such as swelling, chemical exposure, allergies, burn, irritation, and skin color change make consumers cautious about skincare treatment and diagnostic devices. Furthermore, the COVID-19 pandemic impact has been considered for the year 2020 and 2021. The sudden lockdown worldwide has impacted the manufacturing as well as distribution of skincare devices worldwide.

Segment Insights

Based on application, the skincare device market is segmented into hair removal, skin tightening and body contouring, disease diagnosis & treatment, skin rejuvenation, cellulite reduction, and others. In 2019, the hair removal category had a major share in the global skincare devices market and accounted for over 25% market revenur share in the same year. The growing hair removal procedures worldwide along with growing use of hair removal devices at home and saloons are the key factors for category dominance. According to a recent report published by ISAPS, the hair removal procedures performed in 2018 were 916,869 which is around 7.2% of the total non surgical procedures performed in 2018. Besides, the skin tightening & body contouring category is estimated to witness fastest growth during the forcast period.

Regional Insights

In 2019, North America had its dominance in the skincare devices market due to presence of a large number of industry players and also has the highest healthcare expenditure worldwide. The rising geriatric population along with growing number of aesthetic procedures are some other key factors for the market growth. The U.S. had a major share in the global skincare devices maret in 2019 and accounted for over 80% of the revenue share for North American skincare devices market.

Asia-Pacific is the fastest-growing skincare device market. Asia-Pacific has the largest population and awareness for these devices is increasing rapidly among consumers which is estimatred to be the key factor for growth of skincare devices in the reigon. The rising geriatric populiton, growing medical tourism, and rising prevalanc of skin diseases are further estimated to drive regional market growth. Besides, a large number of local players are providing low-cost skincare devices which is estimated to further anticipate regional growth in the years to come.

Top Companies with Recent Development

Noticeable players within the Market

• Allergan Plc
• Syneron Medical Ltd.
• Koninklijke Philips N.V.
• Solta Medical Inc.
• Lumenis Ltd.
• Alma Lasers Ltd.
• PhotoMedex Inc.
• Merz Pharma GmbH & Co. KGaA
• Michelson Diagnostics Ltd.
• Cutera Inc.
• Hologic Inc.
• Panasonic Corporation

The above mentioned major players for the skincare devices market are investing heavily in Research & Development to introduce new products and offers along with enhanced technology to increase their market share and geographical expansion. Besides, the skincare devices market players are concentrating on various strategies such as technological innovations, geographical expansion, acquisitions, strategic collaboration, strategic contracts, new product launches, and mergers to increase their market presence.

Report Scope by Market Segments

This report splits the Skincare device market revenue opportunities worldwide, regional, and national levels and gives a comprehensive research study of the most recent industry activities in each of the sub-segments throughout the forecast period. For the reason of this ponder, Alchemy Market Research has segmented the skincare device market report on the premise of product, distribution channel, application, end user, and regional analysis:

By Product (Revenue in USD Million)

• Skincare Diagnostic Devices
• Skincare Treatment Devices

By Skincare Diagnostics Devices

• Dermatoscopes
• Biopsy Devices
• Image-Guided Systems
• Others

By Skincare Treatment Devices

• LED/Light Therapy & Photorejunevation
• Liposuction Devices
• Electrosurgical Devices
• Laser-Based Devices
• Cryotherapy Devices
• Microdermabrasion Devices
• Others

By Distribution Channel

• Direct
• Indirect

By Application (Revenue in USD Million)

• Hair Removal
• Skin Tightening and Body Contouring
• Disease Diagnostics & Treatment
• Skin Rejuvenation
• Cellulite Reduction
• Others (Wrinkle Reduction and Acne Reduction)

By End User

• Dermatology Clinics
• Hospitals
• Spas and Saloons
• Others

 

Regional Perspective (Revenue in USD Million)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

This report answers key questions such as

• What are the challenges in the skincare device market?
• What are the factors anticipated to drive the skincare device market?
• What are trends, restraints, and challenges in the skincare device market?
• Who are the potential customers of the skincare device market?
• Analysis of key strategies by key market players?
• Which region is growing rapidly?
• How do rapidly changing consumer perspectives will affect the skincare device market?
• How is the competitive environment?
• Comprehensive details of factors that will challenge the growth of the market pre & post-COVID-19.
• How are collaborations evolving in the market?
• What is the customer sentiment about this market?
• What are the solutions to the challenges?
• What are the opportunities in this market?
• What are the key current & upcoming technological trends estimated to drive the markets?
• Regions & segment-wise analysis of how various industries will perform?
• Forecasts on how market drivers, restraints, and future opportunities will affect market dynamics?

Chapter 1.        Executive Summary

 

Chapter 2.        Market Introduction

 

Chapter 3.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – Key Industry Dynamics

3.1.   Key Market Drivers

3.2.   Key Market Restraints

3.3.   Market Opportunities

3.4.   Future Trends

3.5.   Impact Analysis of Drivers and Restraints

Chapter 4.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

Chapter 5.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Product

5.1.   Skincare Diagnostic Devices

5.2.   Skincare Treatment Devices

Chapter 6.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Skincare Diagnostics Devices

6.1.   Dermatoscopes

6.2.   Biopsy Devices

6.3.   Image-Guided Systems

6.4.   Others

Chapter 7.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Skincare Treatment Devices

7.1.   LED/Light Therapy & Photorejunevation

7.2.   Liposuction Devices

7.3.   Electrosurgical Devices

7.4.   Laser-Based Devices

7.5.   Cryotherapy Devices

7.6.   Microdermabrasion Devices

7.7.   Others

Chapter 8.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Distribution Channel

8.1.   Direct

8.2.   Indirect

Chapter 9.        Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Application

9.1.   Hair Removal

9.2.   Skin Tightening and Body Contouring

9.3.   Disease Diagnostics & Treatment

9.4.   Skin Rejuvenation

9.5.   Cellulite Reduction

9.6.   Others (Wrinkle Reduction and Acne Reduction)

Chapter 10.    Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By End User

10.1.                     Dermatology Clinics

10.2.                     Hospitals

10.3.                     Spas and Saloons

10.4.                     Others

Chapter 11.    Global Skincare Devices Market– Analysis and Revenue Forecast 2019-2028 – By Region

11.1.            North America

11.2.            Europe

11.3.            Asia-Pacific

11.4.            Latin America

11.5.            Middle East & Africa

Chapter 12.    North America Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

12.1.            North America Skincare Devices Market– By Product

12.1.1.    Skincare Diagnostic Devices

12.1.2.    Skincare Treatment Devices

12.2.            North America Skincare Devices Market– By Skincare Diagnostics Devices

12.2.1.    Dermatoscopes

12.2.2.    Biopsy Devices

12.2.3.    Image-Guided Systems

12.2.4.    Others

12.3.            North America Skincare Devices Market– By Skincare Treatment Devices

12.3.1.    LED/Light Therapy & Photorejunevation

12.3.2.    Liposuction Devices

12.3.3.    Electrosurgical Devices

12.3.4.    Laser-Based Devices

12.3.5.    Cryotherapy Devices

12.3.6.    Microdermabrasion Devices

12.3.7.    Others

12.4.            North America Skincare Devices Market– By Distribution Channel

12.4.1.    Direct

12.4.2.    Indirect

12.5.            North America Skincare Devices Market– By Application

12.5.1.    Hair Removal

12.5.2.    Skin Tightening and Body Contouring

12.5.3.    Disease Diagnostics & Treatment

12.5.4.    Skin Rejuvenation

12.5.5.    Cellulite Reduction

12.5.6.    Others (Wrinkle Reduction and Acne Reduction)

12.6.            North America Skincare Devices Market– By End User

12.6.1.    Dermatology Clinics

12.6.2.    Hospitals

12.6.3.    Spas and Saloons

12.6.4.    Others

12.7.            North America Skincare Devices Market– By Country

12.7.1. U.S.

12.7.2. Canada

Chapter 13.    Europe Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

13.1.            Europe Skincare Devices Market– By Product

13.1.1.    Skincare Diagnostic Devices

13.1.2.    Skincare Treatment Devices

13.2.            Europe Skincare Devices Market– By Skincare Diagnostics Devices

13.2.1.    Dermatoscopes

13.2.2.    Biopsy Devices

13.2.3.    Image-Guided Systems

13.2.4.    Others

13.3.            Europe Skincare Devices Market– By Skincare Treatment Devices

13.3.1.    LED/Light Therapy & Photorejunevation

13.3.2.    Liposuction Devices

13.3.3.    Electrosurgical Devices

13.3.4.    Laser-Based Devices

13.3.5.    Cryotherapy Devices

13.3.6.    Microdermabrasion Devices

13.3.7.    Others

13.4.            Europe Skincare Devices Market– By Distribution Channel

13.4.1.    Direct

13.4.2.    Indirect

13.5.            Europe Skincare Devices Market– By Application

13.5.1.    Hair Removal

13.5.2.    Skin Tightening and Body Contouring

13.5.3.    Disease Diagnostics & Treatment

13.5.4.    Skin Rejuvenation

13.5.5.    Cellulite Reduction

13.5.6.    Others (Wrinkle Reduction and Acne Reduction)

13.6.            Europe Skincare Devices Market– By End User

13.6.1.    Dermatology Clinics

13.6.2.    Hospitals

13.6.3.    Spas and Saloons

13.6.4.    Others

13.7.            Europe Skincare Devices Market– By Country

13.7.1.    Germany

13.7.2.    France

13.7.3.    UK

13.7.4.    Spain

13.7.5.    Italy

13.7.6.    Rest of Europe

Chapter 14.    Asia Pacific Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

14.1.            Asia Pacific Skincare Devices Market– By Product

14.1.1.    Skincare Diagnostic Devices

14.1.2.    Skincare Treatment Devices

14.2.            Asia Pacific Skincare Devices Market– By Skincare Diagnostics Devices

14.2.1.    Dermatoscopes

14.2.2.    Biopsy Devices

14.2.3.    Image-Guided Systems

14.2.4.    Others

14.3.            Asia Pacific Skincare Devices Market– By Skincare Treatment Devices

14.3.1.    LED/Light Therapy & Photorejunevation

14.3.2.    Liposuction Devices

14.3.3.    Electrosurgical Devices

14.3.4.    Laser-Based Devices

14.3.5.    Cryotherapy Devices

14.3.6.    Microdermabrasion Devices

14.3.7.    Others

14.4.            Asia Pacific Skincare Devices Market– By Distribution Channel

14.4.1.    Direct

14.4.2.    Indirect

14.5.            Asia Pacific Skincare Devices Market– By Application

14.5.1.    Hair Removal

14.5.2.    Skin Tightening and Body Contouring

14.5.3.    Disease Diagnostics & Treatment

14.5.4.    Skin Rejuvenation

14.5.5.    Cellulite Reduction

14.5.6.    Others (Wrinkle Reduction and Acne Reduction)

14.6.            Asia Pacific Skincare Devices Market– By End User

14.6.1.    Dermatology Clinics

14.6.2.    Hospitals

14.6.3.    Spas and Saloons

14.6.4.    Others

14.7.            Asia-Pacific Skincare Devices Market– By Country

14.7.1. China

14.7.2. India

14.7.3. Japan

14.7.4. South Korea

14.7.5. Rest of Asia-Pacific

Chapter 15.    Latin America Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

15.1.            Latin America Skincare Devices Market– By Product

15.1.1.    Skincare Diagnostic Devices

15.1.2.    Skincare Treatment Devices

15.2.            Latin America Skincare Devices Market– By Skincare Diagnostics Devices

15.2.1.    Dermatoscopes

15.2.2.    Biopsy Devices

15.2.3.    Image-Guided Systems

15.2.4.    Others

15.3.            Latin America Skincare Devices Market– By Skincare Treatment Devices

15.3.1.    LED/Light Therapy & Photorejunevation

15.3.2.    Liposuction Devices

15.3.3.    Electrosurgical Devices

15.3.4.    Laser-Based Devices

15.3.5.    Cryotherapy Devices

15.3.6.    Microdermabrasion Devices

15.3.7.    Others

15.4.            Latin America Skincare Devices Market– By Distribution Channel

15.4.1.    Direct

15.4.2.    Indirect

15.5.            Latin America Skincare Devices Market– By Application

15.5.1.    Hair Removal

15.5.2.    Skin Tightening and Body Contouring

15.5.3.    Disease Diagnostics & Treatment

15.5.4.    Skin Rejuvenation

15.5.5.    Cellulite Reduction

15.5.6.    Others (Wrinkle Reduction and Acne Reduction)

15.6.            Latin America Skincare Devices Market– By End User

15.6.1.    Dermatology Clinics

15.6.2.    Hospitals

15.6.3.    Spas and Saloons

15.6.4.    Others

15.7.            Latin America Skincare Devices Market– By Country

15.7.1. Brazil

15.7.2. Mexico

15.7.3. Rest of Latin America

Chapter 16.    Middle East & Africa Skincare Devices Market– Analysis and Revenue Forecast 2019-2028

16.1.            Middle East & Africa Skincare Devices Market– By Product

16.1.1.    Skincare Diagnostic Devices

16.1.2.    Skincare Treatment Devices

16.2.            Middle East & Africa Skincare Devices Market– By Skincare Diagnostics Devices

16.2.1.    Dermatoscopes

16.2.2.    Biopsy Devices

16.2.3.    Image-Guided Systems

16.2.4.    Others

16.3.            Middle East & Africa Skincare Devices Market– By Skincare Treatment Devices

16.3.1.    LED/Light Therapy & Photorejunevation

16.3.2.    Liposuction Devices

16.3.3.    Electrosurgical Devices

16.3.4.    Laser-Based Devices

16.3.5.    Cryotherapy Devices

16.3.6.    Microdermabrasion Devices

16.3.7.    Others

16.4.            Middle East & Africa Skincare Devices Market– By Distribution Channel

16.4.1.    Direct

16.4.2.    Indirect

16.5.            Middle East & Africa Skincare Devices Market– By Application

16.5.1.    Hair Removal

16.5.2.    Skin Tightening and Body Contouring

16.5.3.    Disease Diagnostics & Treatment

16.5.4.    Skin Rejuvenation

16.5.5.    Cellulite Reduction

16.5.6.    Others (Wrinkle Reduction and Acne Reduction)

16.6.            Middle East & Africa Skincare Devices Market– By End User

16.6.1.    Dermatology Clinics

16.6.2.    Hospitals

16.6.3.    Spas and Saloons

16.6.4.    Others

16.7.            Middle East & Africa Skincare Devices Market– By Country

16.7.1. UAE

16.7.2. Saudi Arabia

16.7.3. Turkey

16.7.4. Rest of Middle East & Africa

Chapter 17.    Competitive Analysis

17.1.1. Competition Dashboard

17.1.2. Company Profiles

17.1.2.1.          Allergan Plc

17.1.2.2.          Syneron Medical Ltd.

17.1.2.3.          Koninklijke Philips N.V.

17.1.2.4.          Solta Medical Inc.

17.1.2.5.          Lumenis Ltd.

17.1.2.6.          Alma Lasers Ltd.

17.1.2.7.          PhotoMedex Inc.

17.1.2.8.          Merz Pharma GmbH & Co. KGaA

17.1.2.9.          Michelson Diagnostics Ltd.

17.1.2.10.      Cutera Inc.

17.1.2.11.      Hologic Inc.

17.1.2.12.      Panasonic Corporation