June 7, 2024

Skincare Devices Market Size to Reach USD 33.3 Billion by 2030

The global skincare devices market size was valued at USD 11.4 billion in 2021, and is predicted to be worth around USD 33.3 billion by 2030, registering a CAGR of 10.9% during the forecast period 2022 to 2030.

Skincare Devices Market

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Skincare Devices Market Growth Factors

An increasing number of skin-related disorders such as cancer and assorted disorders are likely to increase the adoption rate of these devices.

Rising use of home-care products and growing medical spa treatments are some of the key trends stimulating market growth. Some of the key factors that are driving growth are technological advancements, growing appearance consciousness, and rising disposable income.

Growing awareness regarding the benefits of skin rejuvenation amongst patients, rising demand for aesthetics, and increasing incidence of skin disorders are among the primary growth stimulants. Syneron Medical, a U.S.-based company, is one of the biggest players in the skin rejuvenation market. Its product is known as VelaSmooth which has been approved by the U.S. FDA.

The increasing prevalence of skin cancer and other skin diseases is contributing largely to the high demand for skincare devices. Furthermore, growing awareness among people about the esthetic appeal and technological advancements in skincare devices are also increasing the adoption of these devices significantly. The rise in disposable income is also considered as one of the important factors driving the market.

Report Coverage

Report Scope Details
Market Size US$ 33.3 billion by 2030
Growth Rate CAGR of 10.9% From 2022 to 2030
Largest Market Asia Pacific
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Application, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Alma Lasers GmbH; Cynosure, Inc.; Solta Medical, Inc.; Cutera, Inc.; Syneron Medical Ltd.; Canfield Scientific, Inc.; 3Gen; Aesthetic Group; Ambicare Health; Image Derm, Inc.

By Product Analysis

The treatment devices segment held the largest revenue share of about 79.0% in 2021 and is also expected to witness the highest CAGR over the forecast period. This is mainly due to the availability of wide applications of dermatology treatment. The low market share for diagnostic devices can be attributable to less awareness level pertaining to the various novel instruments. However, the rising prevalence of skin cancer is anticipated to drive this segment in the future.

Among the treatment devices, the laser segment held the largest revenue share in 2021 and is also expected to show the highest growth over the forecast period owing to its wide adoption. On the other hand, the dermatoscopes segment dominated the diagnostic devices segment in 2021 due to the availability of advanced technologies.

By Application Analysis

The hair removal application segment dominated the market for skincare devices and held the largest revenue share of about 16.0% in 2021. The treatment application segment is bifurcated into hair removal, skin rejuvenation, acne, psoriasis, and tattoo removal, wrinkle removal and skin resurfacing, body contouring and fat removal, cellulite reduction, vascular and pigmented lesion removal, and others.

A rise in demand for cosmetic laser treatments like tattoo removal, skin resurfacing and skin tightening has significantly increased the adoption of dermatology devices. According to the International Society of Aesthetic Plastic Surgery, treatments like non-invasive fat reduction witnessed a 21.1% increase, laser hair removal witnessed a 76.1% increase and Photo Rejuvenation saw a 32.3% increase in 2020 as compared to 2019.

By End-use Analysis

The hospital segment dominated the market and held the largest revenue share of about 48.0% in 2021 owing to the presence of advanced skincare equipment in hospital settings. In addition, the availability of wide treatment options in such facilities has also increased the number of visits for skin disease diagnosis and treatments in these facilities.

The clinics segment is anticipated to witness the highest CAGR over the forecast period owing to rising demand for various skincare-related services. Dermatology clinics are cosmetic and medical facilities that focus on the diagnosis and treatment of skin conditions.

By Regional Analysis

 North America dominated the skincare devices market and accounted for the largest revenue share of 43.0% in 2021. The increasing prevalence of skin cancer and other skin diseases such as acne, eczema, and rosacea and the increasing adoption of cosmetic procedures are some of the major factors contributing to the growth of the market in this region.

In Asia Pacific, the market is expected to witness significant growth over the forecast period owing to the growth of medical tourism in the region. In addition, the availability of affordable treatment options is also expected to propel market growth.

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Major Key Players Covered in The Skincare Devices Market Report include

  • Alma Lasers GmbH
  • Cynosure, Inc.
  • Solta Medical, Inc.
  • Cutera, Inc.
  • Syneron Medical Ltd.
  • Canfield Scientific, Inc.
  • 3Gen
  • Aesthetic Group
  • Ambicare Health
  • Image Derm, Inc.

Skincare Devices Market Segmentation

  • By Product
    • Diagnostic Devices
      • Dermatoscopes
      • Microscopes
      • Other Imaging Devices
      • Biopsy Devices
    • Treatment Devices
      • Light Therapy Devices
      • Lasers
      • Electrosurgical Equipment
      • Liposuction Devices
      • Microdermabrasion Devices
      • Cryotherapy Devices
  •  By Application
    • Diagnostic Devices
      • Skin Cancer Diagnosis
      • Other
    • Treatment Devices
      • Hair Removal
      • Skin Rejuvenation
      • Acne, Psoriasis, and Tattoo Removal
      • Wrinkle Removal and Skin Resurfacing
      • Body Contouring and Fat Removal
      • Cellulite Reduction
      • Vascular and Pigmented Lesion Removal
      • Others
  • By End-use
    • Hospitals
    • Clinics
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Netherlands
      • Belgium
      • Switzerland
    • Asia Pacific
      • Japan
      • China
      • India
      • Thailand
      • South Korea
      • Indonesia
      • Singapore
      • Malaysia
      • Australia
      • Philippines
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
    • MEA
      • South Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Turkey

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Skincare Devices Market, By Product

7.1.  Skincare Devices Market, by Product, 2021-2030

7.1.1.    Diagnostic Devices

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Treatment Devices

7.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Skincare Devices Market, By Application

8.1.  Skincare Devices Market, by Application, 2021-2030

8.1.1.    Diagnostic Devices

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Treatment Devices

8.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Skincare Devices Market, By End User

9.1.  Skincare Devices Market, by End User, 2021-2030

9.1.1.    Hospitals

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Clinics

9.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global Skincare Devices Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2019-2030)

10.1.2.  Market Revenue and Forecast, by Application (2019-2030)

10.1.3.  Market Revenue and Forecast, by End User (2019-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.1.4.2.      Market Revenue and Forecast, by Application (2019-2030)

10.1.4.3.      Market Revenue and Forecast, by End User (2019-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.1.5.2.      Market Revenue and Forecast, by Application (2019-2030)

10.1.5.3.      Market Revenue and Forecast, by End User (2019-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2019-2030)

10.2.2.  Market Revenue and Forecast, by Application (2019-2030)

10.2.3.  Market Revenue and Forecast, by End User (2019-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.4.2.      Market Revenue and Forecast, by Application (2019-2030)

10.2.4.3.      Market Revenue and Forecast, by End User (2019-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.5.2.      Market Revenue and Forecast, by Application (2019-2030)

10.2.5.3.      Market Revenue and Forecast, by End User (2019-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.6.2.      Market Revenue and Forecast, by Application (2019-2030)

10.2.6.3.      Market Revenue and Forecast, by End User (2019-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.2.7.2.      Market Revenue and Forecast, by Application (2019-2030)

10.2.7.3.      Market Revenue and Forecast, by End User (2019-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2019-2030)

10.3.2.  Market Revenue and Forecast, by Application (2019-2030)

10.3.3.  Market Revenue and Forecast, by End User (2019-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.4.2.      Market Revenue and Forecast, by Application (2019-2030)

10.3.4.3.      Market Revenue and Forecast, by End User (2019-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.5.2.      Market Revenue and Forecast, by Application (2019-2030)

10.3.5.3.      Market Revenue and Forecast, by End User (2019-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.6.2.      Market Revenue and Forecast, by Application (2019-2030)

10.3.6.3.      Market Revenue and Forecast, by End User (2019-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.3.7.2.      Market Revenue and Forecast, by Application (2019-2030)

10.3.7.3.      Market Revenue and Forecast, by End User (2019-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2019-2030)

10.4.2.  Market Revenue and Forecast, by Application (2019-2030)

10.4.3.  Market Revenue and Forecast, by End User (2019-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.4.2.      Market Revenue and Forecast, by Application (2019-2030)

10.4.4.3.      Market Revenue and Forecast, by End User (2019-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.5.2.      Market Revenue and Forecast, by Application (2019-2030)

10.4.5.3.      Market Revenue and Forecast, by End User (2019-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.6.2.      Market Revenue and Forecast, by Application (2019-2030)

10.4.6.3.      Market Revenue and Forecast, by End User (2019-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2019-2030)

10.4.7.2.      Market Revenue and Forecast, by Application (2019-2030)

10.4.7.3.      Market Revenue and Forecast, by End User (2019-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2019-2030)

10.5.2.  Market Revenue and Forecast, by Application (2019-2030)

10.5.3.  Market Revenue and Forecast, by End User (2019-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2019-2030)

10.5.4.2.      Market Revenue and Forecast, by Application (2019-2030)

10.5.4.3.      Market Revenue and Forecast, by End User (2019-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2019-2030)

10.5.5.2.      Market Revenue and Forecast, by Application (2019-2030)

10.5.5.3.      Market Revenue and Forecast, by End User (2019-2030)

Chapter 11.  Company Profiles

11.1.              Alma Lasers GmbH

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Cynosure, Inc.

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Solta Medical, Inc.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Cutera, Inc.

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Syneron Medical Ltd.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Canfield Scientific, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              3Gen

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Aesthetic Group

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Ambicare Health

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Image Derm, Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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