Skincare Devices Market Size, Share & Trends Analysis Report By Product, By Application (Disease Diagnosis & Treatment, Hair Removal, Skin Rejuvenation, Cellulite Reduction, Body Contouring), And Segment Forecasts, 2012 - 2020

Industry Outlook

The global skincare devices market size was estimated at USD 4.6 billion in 2016. It is expected to progress at a CAGR of 10.0% over the forecast period. Growing consciousness regarding aesthetics and rising incidence of skin diseases globally are among the key factors supplementing market growth.

Some major factors that are driving the market are manufacturing of more advanced and affordable devices such as ultrasonic and exfoliating devices. Surging demand for aesthetic procedures such as body contouring, skin tightening, and skin rejuvenation and rising consumer awareness levels and acceptance rates for non-invasive and minimal treatments are likely to provide a fillip to the market.

Recently, the market has high investments by big firms for products that have high consumer preference. Home care products hold maximum potential due to strong demand for anti-aging, toning, and other devices.

Furthermore, growing prevalence of assorted disorders such as warts, psoriasis, acne, dermatitis, lesions, and moles, particularly in emerging markets of Brazil, China and India, is anticipated to benefit the overall market.

Product Insights

On the basis of product, the market is segmented into diagnostic devices and treatment devices. Skin care diagnostic includes image guidance systems, dermatoscopy, and biopsy devices. Skin care treatment include microdermabrasion, LED therapy, lasabrasion, liposuction, electrosurgical, and cryotherapy devices.

LED therapy boosts the production of collagen and neutralizes specific enzymes that causes the breakdown of collagen, which in turn enhances the overall structure. LED therapy devices formed the leading product segment in 2016 owing to dermatologists preference to use LED treatment or therapy for removing wrinkles, sun damaged skin, acne, and facial lines.

Lasabrasion is a new anti-aging treatment and is projected to witness fastest growth over the forecast period owing to its cost-effectiveness in treating numerous complications. Liposuction is a cosmetic surgical procedure which removes excess fat from multiple areas of the body and is one of the most common cosmetic surgeries. Growing usage of microdermabrasion and liposuction are poised to escalate the growth of the skincare devices market.

Application Insights

On the basis of application, the skin care devices market is segmented into hair removal, cellulite reduction, body contouring & skin tightening, disease diagnosis & treatment, damage repair, and skin rejuvenation.

Skin tightening and body contouring are estimated to tread along a healthy growth track due to rising demand for no downtime, non-surgical, and non-invasive treatments. The cellulite reduction segment is also expected to witness significant growth owing to introduction of new products such as ayurvedic anticellulite cream, fat melting oil, slimming oil, anti-cellulite oil, and others.

Skin rejuvenation is used for treating vascular conditions, pigmentation, static and dynamic wrinkles, scars, and loss of tone. Facial care products include cleansers, toners, moisturizers, and anti-agers. Their demand is primarily stimulated by aging population.

Regional Insights

From a geographical forefront, the market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America was at the forefront of the market in 2015 owing to introduction of latest technologies such as U-P-5, and presence of high-income consumers; while Europe is projected to be a somewhat mature market.

Asia Pacific is poised to witness the fastest growth over the forecast period due to presence of local manufacturers offering cost-effective products and services and rising disposable income of the rapidly expanding consumer base.

Skin Care Devices Market Share Insights

Key players of this market include Syneron Medical Ltd; Philips; Solta Medical Inc.; Schick Medical; Lumenis Ltd.; Alma Lasers Ltd; and PhotoMedex. The key players in this market are engaging in different marketing strategies to increase their market shares. Some of the players are focusing on introducing new products, expanding their geographic presence, and mergers & acquisitions.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2012 to 2020. For the purpose of this study, Grand View Research has segmented the global skin care devices market report on the basis of product, application, and region:

• Product Outlook (Revenue, USD Million, 2012 - 2020)

  • Skincare Diagnostic Devices

    • Dermatoscopes

    • Image Guidance Systems

    • Biopsy Devices

  • Skincare Treatment Devices

    • Lasabrasion Devices

    • LED Therapy Devices

    • Liposuction Devices

    • Microdermabrasion Devices

    • Cryotherapy Devices

    • Electrosurgical Devices

• Application Outlook (Revenue, USD Million, 2012 - 2020)

  • Disease Diagnosis & Treatment

  • Hair Removal

  • Skin Rejuvenation

  • Cellulite Reduction

  • Body Contouring And Skin Tightening

• Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • MEA