Global Skincare Devices Market - 2023-2030

Global Skincare Devices Market - 2023-2030

Global Skincare Devices Market reached US$ XX million in 2022 and is expected to reach US$ XX million by 2030, growing with a CAGR of XX % during the forecast period 2023-2030.

Skincare devices refer to electronic tools or gadgets designed to improve the health and appearance of the skin. These devices leverage various technologies to address a range of skincare concerns, providing users with advanced and often more effective solutions than traditional skincare methods alone. Skincare devices can be used in conjunction with skincare products to enhance their absorption and overall efficacy.

Consumers are becoming more educated about skincare and are seeking advanced solutions to address their specific concerns. This awareness drives the demand for skincare devices that offer targeted and effective results. The popularity of devices designed for home use is increasing, offering convenience to consumers who prefer to manage their skincare routines independently. Home-use devices often provide accessible and affordable alternatives to professional treatments.

Market Dynamics: Drivers and Restraints

Advances in technology have resulted in the development of innovative skincare devices

Advances in technology have resulted in the development of innovative skincare devices with improved functionalities, making them more effective and appealing to consumers. For instance, in September 2022, CHOWIS's popularity is increasing as the demand for personalized care products that cater to consumers' unique needs, such as specific skin types, using AI grows.

The company has launched PRECISION SKIN DermConcept, an AI-based home skin diagnosis and personalized cosmetics platform service in the United Kingdom. By tracking skin conditions via an application, this service provides information for doctors and pharmacists to prescribe new cosmetics to users every month. Additionally, in July 2023, Perfect Corp had introduced the new Skin Type Detection technology, powered by AI.

The new AI Skin Type Detection offers ultra-personalized skincare product recommendations that speak to the individual’s specific skin type and concerns. To start, users are prompted to line up their face for optimal lighting, angle, and face position for the most accurate scan. The technology then automatically detects and analyzes 14 of the most common skincare concerns including spots, wrinkles, texture, redness, oiliness, moisture, eye bags, acne, droopy upper eyelids, droopy lower eyelids, firmness, radiance, dark circles, and pores, while also generating an overall skin health score. Thus above factors helps to boost the market growth.

Market Dynamics: Restraint

High cost of skincare devices

Many advanced skincare devices come with a high price tag, limiting their accessibility to a broader consumer base. The cost can be a significant barrier for individuals with lower disposable incomes. The primary impact is that a substantial portion of the population, especially those with lower disposable incomes, may find skincare devices unaffordable. This limits the market's reach to a broader consumer base.

The high cost of skincare devices may impede market expansion into developing regions or countries with lower average income levels. This could limit the industry's global growth potential. For instance, the Vegas II device is perfect for targeting those fine lines and premature signs of ageing around the eyes, mouth and sculpting the contours of the face.

Harnessing powerful HI-MFIP technology, combined with a red LED light, this device stimulates the production of collagen and speeds up skin cell renewal for a firmer and younger-looking complexion. The price range of the device between $650-$770. Thus above factors restrain the market growth.

Segment Analysis

The global skincare devices market is segmented based on type, application, end-user and region.

The Anti-Aging Devices segment from the type segment accounted for approximately 39.7% of Skincare Devices type share

The rise of anti-aging devices can be attributed to various factors, reflecting both technological advancements and changing consumer preferences. There is a cultural shift towards a preventative approach to aging. Consumers are increasingly interested in maintaining youthful skin and preventing signs of aging before they become pronounced, driving the demand for preventive skincare technologies.

The trend towards at-home beauty treatments and self-care has gained momentum. Anti-aging devices that are designed for home use offer convenience and flexibility, allowing individuals to incorporate them into their daily skincare routines. The rapid rise of product launches by the companies helps to accelerates the segment growth.

For instance, on July 10, 2023, Medical skin-tech brand FAQ Swiss – owned by Foreo – has expanded its collection with the FAQ 200 Collection of smart silicone LED face masks. FAQ devices offer more EMS and RF intensities, with more LED light therapy wavelengths than any other brand – providing the most personalised rejuvenation treatments available. These non-invasive, low energy waves boost collagen and elastin production to keep skin looking plump, smooth and supple.

Additionally, in August 2023, the aging care*1 brand EFFECTIM, developed based on Shiseido’s most advanced dermatological research, had launches a new beauty device, “EFFECTIM Bright Beauty Lifting Activator,” and a new beauty serum, “EFFECTIM Bright Lifting Serum (quasi-drug).” By using the EFFECTIM Beauty device and serum together for a mere 6 minutes once a day after applying daily lotion, the everyday skincare routine will become a pleasure even during those hectic days. Thus above factors helps to accelerates the segment growth.

Geographical Analysis

North America accounted for approximately 32.4% of the market share in 2022

North America will dominate the skincare devices market and accounted for the largest revenue share. Thus due to increasing prevalence of skin cancer and other skin diseases such as acne, rosacea, and eczema and the increasing adoption of different cosmetic procedures are some of the major factors contributing to the growth of the market in this region.

For instance, according to American Society of Clinical Oncology (ASCO), estimated that, approximately 2,000 people in the United States are diagnosed with Merkel cell cancer each year. This number has been rising rapidly the last few decades. A significant majority of people diagnosed with the disease are older than 70, and 90% of Merkel cell cancer diagnoses occur in White people. Percent means how many out of 100. Men are twice as likely to be diagnosed with the disease as women.

Additionally, the rise of strategies like partnerships, acquisitions, product launches and others adoped by the companies helps to boost the region growth. For instance, in October 2023, Crown Laboratories had announced newest PanOxyl retail partnership with Ulta Beauty, the nation's largest beauty retailer. The assortment will include 8 existing SKUs within its award-winning acne care portfolio. This monumental launch will offer Ulta Beauty guests a new way to discover the PanOxyl brand and drive additional brand awareness through the retailer's 1,350+ store locations across the U.S. and online. Thus above factors help to accelerates the region growth.

COVID-19 Impact Analysis

During the pandemic, significant changes in the clinical practice of several medical specialties have been seen. The quality and length of visits to dermatology departments may be impacted by the use of personal protective equipment (PPE) and social isolation: patients tend to show the affected part of the body, facial protections can interfere with dermoscopy, and elderly patients with hearing impairments struggle to understand the prescription because they cannot see the label. Both medical professionals and patients are hesitant to examine the mouth cavity and/or assess face abnormalities.

Physicians cannot advise simply stopping the use of PPE, although it has been shown that facial protections cause occlusion and, as a result, a moist and warm microenvironment, which can either cause or worsen facial dermatoses. As a result of facial skin damage causing pruritus, which can lead to the user scratching their face or removing their mask, and decreasing the efficacy of PPE, treating these dermatoses may help reduce COVID-19 infection. The use of virtual consultation techniques significantly increased during the pandemic outbreak. Additionally, the popularity of virtual consultations has dramatically expanded and is now a successful model for offering patients needed contactless therapy.

Market Segmentation

By Type
• Cleansing Devices
• Anti-Aging Devices
• Acne Treatment Devices
• Hair Removal Devices
• Diagnostic Devices
• Others

By Application
• Wrinkle Removal and Skin Tightening
• Hair Removal
• Acne Treatment
• Skin Rejuvenation
• Cleansing and Exfoliation
• Others

By End-User
• Dermatology Clinics
• Home Care
• Beauty Clinics
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the market include Koninklijke Philips N.V., FOREO, Bluemercury, NuFACE, Lumenis Be Ltd, ZIIP Beauty, Tria Beauty, L'Oréal, CurrentBody, BeautyBio and among others.

Key Developments
• In June 2023, Shenzhen Hongwang Nicemay Electric, a had introduced of two revolutionary skin care devices that align with the emerging trend of minimalistic skin care routines in North America. These devices are set to transform the way people care for their skin, providing effective and convenient solutions for achieving healthy and radiant complexions.
• In September 2022, Nykaa launched Foreo’s skin care devices on its websites, retail stores, and mobile app. The beauty-tech skincare expert, Foreo had taken the beauty industry by storm with its cutting-edge technology and smartly designed products. Foreo products provide consumers with effective non-invasive treatment for skin rejuvenation.
• On October 06, 2022, JLo Beauty had partnered with facial service brand Hydrafacial on product collaboration, a first of its kind for both brands. JLo Beauty, launched in January, has steadily expanded its distribution from direct-to-consumer e-commerce to an exclusive brick-and-mortar partnership with Sephora. This is its first foray into the professional space and is centered on a booster product used within Hydrafacial services.

Why Purchase the Report?
• To visualize the global skincare devices market segmentation based on type, application, end-user and region as well as understandkey commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of skincare devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global Skincare Devices market report would provide approximately 69 tables, 58 figures and 187 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies