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.
In depth research report on Skin care 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.
Grand View Research has segmented the skincare devices market on the
basis of product, application and region:
Skincare Devices Product
Outlook
·
Skincare Diagnostic Device
o
Dermatoscopes
o
Image Guidance Systems
o
Biopsy Devices
·
Skincare Treatment Devices
o
Lasabrasion Devices Market
o
LED Therapy Devices
o
Liposuction Devices
o
Microdermabrasion Devices
o
Cryotherapy Devices
o
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
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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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis
reports, please visit: http://www.grandviewresearch.com/
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