Skincare Devices Market Outlook, Industry Insights, Growth Factors, Key Players, Analysis and Forecast 2024


Posted February 8, 2019 by vynzresearch

Skincare devices are used for the diagnosis and treatment of skin ailments. Global skincare devices market was valued at USD 8.2 billion in 2017.

 
For the diagnosis and treatment of skin related issue skincare devices are used. Global skincare devices market was valued at USD 8.2 billion in 2017. Different types of diagnostic and treatment devices contributed to the skincare devices market size. The market has witnessed a high demand for diagnostic devices for skin diseases over the last few years due to the increasing awareness regarding the diagnosis of skin disorders.

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Skincare devices have classified into diagnostic devices and treatment devices. Treatment devices being used more in comparison to the diagnostic devices and also generated larger revenue for market players. Diagnostic devices market is further segmented into three types biopsy devices, dermatoscopes, and image-guided systems. All these diagnostic devices image-guided systems market witnessed the highest growth globally, which is due to the technological advancements and miniaturization of these devices. Advancement in technology has made image-guided systems easy to use and led to an efficient diagnosis of skin diseases.

Skincare treatment devices market is classified into electrosurgical devices, laser devices, liposuction devices, light-based devices, cryotherapy devices, microdermabrasion devices, and other treatment devices. All these devices laser devices market is growing at the highest CAGR and expected to maintain the highest demand in skin care devices market during the forecast period.

Industry Ecosystem

Globally companies are leveraging market growth through the usage of e-commerce. Consumers friendly e-commerce or through online channels of distribution can easily access these devices. Self-use skincare devices and hand-held devices have seen the maximum growth in demand through an e-commerce platform. In the coming years also, industry players are anticipated to investing the direct marketing and sales of their products.

Geographic Overview

Globally, North America is the largest skincare devices market as the region is home to per capita was $7,949.9 in 2010 and it increased to $9,535.9 by 2015.large number of industry players and also has the highest healthcare expenditure globally. Moreover, the high disposable income of in the region leads to high out of pocket expenditure by consumers in North America especially in the U.S. According to the “World Bank”, the GNI per capita in the U.S. was $48,880 in 2010 and increased to $58,700 in 2016. Also, as per the data reported by the same organization, the U.S. health expenditure.

Key player

In the skincare devices industry key companies are Michelson Diagnostic Ltd., Merz Pharma GmbH & Co. KGaA, Alma ., Lasers Ltd., Lumenis Ltd., Hologic Inc., PhotoMedex Inc., Valeant Pharmaceuticals International Inc., Galderma SA, Beijing Toplaser Technology Co Ltd., And Panasonic Corporation are the key players offering skincare products in the market.

Source: VynZ Research
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Tags skincare devices , skincare devices market , skincare devices market demand , skincare devices market forecast , skincare devices market growth , skincare devices market share , skincare devices market size , skincare devices market trends
Last Updated February 8, 2019