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 the market growth.
Some major factors that are driving the market are the 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.
On the basis of the product, the market is segmented into diagnostic devices and treatment devices. Skincare diagnostic includes image guidance systems, dermatoscopy, and biopsy devices. Skincare treatments include microdermabrasion, LED therapy, lasabrasion, liposuction, electrosurgical, and cryotherapy devices.
LED therapy boosts the production of collagen and neutralizes specific enzymes that cause the breakdown of collagen, which in turn enhances the overall structure. LED therapy devices formed the leading product segment in 2016 owing to the preference of dermatologists 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 the fastest growth over the forecast period owing to its cost-effectiveness in treating numerous complications. Liposuction is a cosmetic surgical procedure that 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.
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 the 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.
From a geographical forefront, the market can be divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. North America was at the forefront of the market in 2015 owing to introduction of the latest technologies such as U-P-5, and the 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 the presence of local manufacturers offering cost-effective products and services and rising disposable income of the rapidly expanding consumer base.
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.
Attribute |
Details |
Base year for estimation |
2014 |
Actual estimates/Historical data |
2012 - 2014 |
Forecast period |
2015 - 2020 |
Market representation |
Revenue in USD Million & CAGR from 2015 to 2020 |
Regional scope |
North America, Europe, Asia Pacific, Latin America, MEA |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
15% free customization scope (equivalent to 5 analyst working days) |
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This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest 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
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.