Skincare Devices Market By Product Type (Diagnostic Devices, Treatment Devices), By Application (Disease Diagnosis, Skin Treatment), By End User (Dermatology Clinics, Salons and Spas, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global skincare devices market was valued at $14.3 billion in 2022 and is projected to reach $38.8 billion by 2032, registering a CAGR of 10.5% from 2023 to 2032. Skincare devices are a variety of high-tech instruments intended to improve skin condition. These devices offer a wide range of options for treating acne, anti-aging, cleansing, and other skin ailments. In addition, there are various advanced skincare devices available in the market such as microdermabrasion devices, light therapy devices, medical lasers, and other electrosurgical equipment. These devices are used for various skincare treatments such as acne, skin rejuvenation, and body contouring.
The skincare devices market growth is driven by increase in beauty consciousness, rise in number of non-surgical aesthetic procedures such as ablative and non-ablative laser resurfacing treatment, and surg in adoption of facial aesthetic procedure. Furthermore, increase in awareness about skin health further boosts the market growth. For instance, according to a report by the American Society of Plastic Surgeons (ASPS), in 2020, it was reported that around 16 million cosmetic procedures were conducted, globally. Thus, increase in awareness about skin health creates opportunities for the development of new skincare devices which, in turn, drives market growth.
Further, rise in awareness and emphasis on personal grooming drive the demand for skincare devices. For instance, according to a report by the American society of plastic surgeons (ASPS), in 2020, it was also reported that consumers spent approximately $20 billion on facial aesthetics procedures globally for total consumers. In addition, rise in prevalence of skin conditions such as acne and psoriasis foster the demand for skincare devices and boost the market growth. Skincare devices, such as light therapy devices, use specific light-wavelengths to target acne and reduce inflammation. Thus, the rise in prevalence of acne drives the demand for light therapy devices.
However, high cost of skincare devices limits widespread adoption of these devices and negatively impacts the market growth. For instance, innovative devices incorporating cutting-edge technologies such as LED Light Face Mask ranges from $750 to $1,000. On the other hand, technological advancements in the treatment devices, such as development of pen-sized skin toning devices and customized hair removal devices further boost the market growth. Thus, technological advancements in skincare devices are expected to create lucrative opportunities for market growth during the forecast period.
The skincare devices market is segmented on the basis of product type, application, end user, and region. On the basis of product type, the market is bifurcated into diagnostic devices and treatment devices. The diagnostic devices segment is further classified into dermatoscopes, imaging devics, and biopsy devices. The treatment devices segment is further divided into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and others. On the basis of application, the market is categorized into disease diagnosis and skin treatment. The skin treatment segment further divided into hair removal, skin rejuvenation and resurfacing, acne, scar, and tattoo removal, body contouring and skin tightening, and others. On the basis of end user, the market is segregated into dermatology clinics, salons and spas, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). Major key players that operate in the global skincare devices market are Cutera, Lumenis Ltd., Cynosure Inc., Lutronic, Bausch Health Companies, Inc., Fotona, Sciton, Sisram Medical Ltd., Michelson Diagnostics Ltd, and Candela Corporation.
Key Benefits for StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the skincare devices market analysis from 2022 to 2032 to identify the prevailing skincare devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the skincare devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global skincare devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy Product TypeDiagnostic Devices
Type
Dermatoscopes
Imaging Devices
Biopsy Devices
Treatment Devices
Type
Light Therapy Devices
Lasers
Electrosurgical Equipment
Liposuction Devices
Microdermabrasion Devices
Others
By ApplicationDisease Diagnosis
Skin Treatment
Type
Hair Removal
Skin Rejuvenation and Resurfacing
Acne, Scar, and Tattoo Removal
Body Contouring and Skin Tightening
Others
By End UserDermatology Clinics
Salons and Spas
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Playerslutronic
Fotona
Sciton
Candela Corporation.
Sisram Medical Ltd.
Lumenis Ltd.
Bausch Health Companies, Inc.
Cutera
Michelson Diagnostics Ltd
Cynosure Inc
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