Skin care devices are rapidly gaining market penetration not only due to their extensive role in aesthetics but also the increasing incidences of skin disorders worldwide. In recent years, the skincare industry has witnessed elevated investment by beauty giants in products that have maximum consumer preference. At-home skincare products hold great potential for the future due to elevated demand from toning, anti-aging and other skincare devices. Some of the major driving factors of this market include manufacturing of more affordable and advanced devices for the consumer such as exfoliating and ultrasonic devices. Increasing consumer awareness levels and adoption rates of minimally and non-invasive treatments and rising demand for aesthetic procedures such as skin rejuvenation, skin tightening, and body contouring is also expected to drive market growth during the forecast period. Moreover, increasing the prevalence of skin cancer and assorted skin disorders such as dermatitis, acne and psoriasis and skin warts, moles and lesions especially in emerging markets of India, China and Brazil is expected to serve skin care devices market as a future growth opportunity.
Key product segments analyzed in this study include skin care diagnostic devices and skincare treatment devices and treatment devices. Skincare diagnostic devices include dermatoscopy, image guidance systems, and biopsy devices. Skincare treatment devices include lasabrasion devices, LED therapy devices, liposuction devices, microdermabrasion devices, cryotherapy devices and electrosurgical devices. LED is light emitting diode which sends energy producing light deep into the skin. This therapy encourages the production of collagen and deactivates specific enzymes that cause the breakdown of collagen which in turn improves the overall skin structure.LED therapy devices market accounted for the majority of share of the total skincare treatment market as medical spas and dermatologists use LED therapy or treatment for removing acne, facial lines, wrinkles, and sun damaged skin. Lasabrasion is a new and popular anti-aging treatment and is expected to grow at a rapid pace during the forecast period as it is more affordable for the average person and treats various skin problems. Liposuction is a cosmetic surgical procedure for removing excessive fat from multiple areas on the body and is one of the most commonly performed cosmetic surgeries. Increasing utilization of liposuction and microdermabrasion are making this market segment highly lucrative in terms of revenue and growth rate.
On the basis of application, skin care device market has been segmented into disease diagnosis & treatment, body contouring & skin tightening, hair removal, damage repair, skin rejuvenation and cellulite reduction. Body contouring & skin tightening market is expected to grow due to increasing demand for non-invasive, non-surgical, no downtime treatments. Anti-cellulite skincare segment is also witnessing high growth rate due to the introduction of new product range such as anti cellulite oil, ayurvedic anticellulite cream, slimming oil, fat melting oil and others. Skin rejuvenation is useful for treating dynamic and static wrinkles, pigmentation, scars, loss of skin tone and vascular conditions. Facial care products include nourishes or anti-agers, moisturizers, cleansers and toners are the leading segment in skincare industry owing to increasing demand from aging population and numerous advances in skincare treatments such as lipomassage machine, skin rolls, and eye dew.
North America dominates the overall skincare devices market due to the presence of high-income consumer base and the introduction of the latest technologies like U-P-5; while Europe is expected to be a somewhat mature market. Asia Pacific is expected to be the fastest growing regional market during the forecast period owing to increasing disposable income of the rapidly expanding consumer base, and the presence of local manufacturers offering cost-effective services and products.
Key players of skincare devices market include Solta Medical Inc., Philips, Schick Medical and Syneron Medical Ltd. that cater to a significant share of total demand followed by Lumenis Ltd., Alma Lasers Ltd. PhotoMedex and others.
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