The global skincare
devices market is expected to reach USD 12,799.5 million by 2020,
growing at an estimated CAGR of 10.0% from 2014 to 2020, according to a new
study by Grand View Research, Inc. Increasing prevalence of skin disorders and
skin cancer around the globe is expected to drive skincare device demand. The
growing demand of minimal, non-invasive and aesthetic procedures such as skin
rejuvenation, skin tightening and body contouring is also expected to be a key
driver of this market. In addition, rise in the growth of medical tourism and
‘Medspas’ in emerging markets such as India is expected to provide growth
opportunities to market participants. Presence of cost effective procedures
coupled with an abundant presence of English speaking healthcare practitioners
are some of factors driving the market in these regions.
Skincare treatment devices dominated the product
market with a share of over 92.0% in 2013. Change in consumer lifestyles and
their growing willingness to spend on treatments such as liposuction,
lasabrasion and Microdermabrasion to make favored body and skin modifications
is expected to boost segment demand during the forecast period.
Browse full research report on Global Skincare Devices Market: https://www.grandviewresearch.com/industry-analysis/skincare-devices-market
Further
key findings from the study suggest:
- Skin tightening & body contouring segment is expected to grow
at the highest CAGR of 12.0% during the forecast period. Rising disposable
income of consumers and increasing desire to stay physically fit and
attractive is one of the major factors accounting for its lucrative growth.
- The cellulite reduction market is also expected to grow at a
significant pace during the forecast period. Growing global prevalence of
obesity and the consequent rise in demand for cellulite (fat) reduction
procedures is expected to drive segment growth during the forecast period.
- North America was the largest regional market in 2013, accounting
for over 44.5% of global revenue due to rise in demand for skincare
solutions to enhance physical features as a result of the modern lifestyle
and increase in baby boomer population.
- Asia Pacific is expected to grow at the fastest CAGR of over 11.0%
from 2014 to 2020. Improved health care facilities and an increasing
preference for aesthetics related medical procedures coupled with growing
disposable incomes will result in growth in demand for advanced skincare
solutions in this region.
- Key industry participants of this market include Solta Medical
Inc., Syneron Medical Ltd., Cynosure Inc., Cuttera Inc., Lumenis Ltd.,
Alma Lasers Ltd., and PhotMedex.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the skincare devices market on the basis of
product, application and region:
Skincare
Devices Product Outlook
- Skincare
Diagnostic Device
- Dermatoscopes
- Image
Guidance Systems
- Biopsy
Devices
- Skincare
Treatment Devices
- Lasabrasion
Devices Market
- LED Therapy
Devices
- Liposuction
Devices
- Microdermabrasion
Devices
- Cryotherapy
Devices
- Electrosurgical
Devices
Skincare
Devices Application Outlook
- Disease
Diagnosis & Treatment
- Hair Removal
Market
- Skin
Rejuvenation
- Cellulite
Reduction
- Body
Contouring And Skin Tightening
Skincare
Market Regional Outlook
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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