Global Skincare Devices Market to Reach $24.7 Billion by 2030
The global market for Skincare Devices estimated at US$15 Billion in the year 2023, is expected to reach US$24.7 Billion by 2030, growing at a CAGR of 7.4% over the period 2023-2030. Skincare Treatment Devices, one of the segments analyzed in the report, is expected to record -16.8% CAGR and reach US$3.4 Billion by the end of the analysis period. Growth in the Skincare Diagnostic Devices segment is estimated at 35% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4 Billion, While China is Forecast to Grow at 11.2% CAGR
The Skincare Devices market in the U.S. is estimated at US$4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 7.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.
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