The Skincare Diagnostic And Treatment Devices market is expected to see significant CAGR growth over the coming years, at 10.2%.
The global skincare diagnostic & treatment devices market is increasing competently, projected to grow at a CAGR of 10.2%. Worldwide, growing skin diagnostic procedures along with minimally invasive treatment have significantly increased devices. Furthermore, innovative product launches in the skincare industry, the high pool of individuals with numerous skin conditions, and the demand for skin rejuvenation are factors driving the overall growth of the global skincare diagnostic & treatment devices market. In addition, the increasing commonness of lifestyle diseases, demand for medical aesthetics, obesity, and conditions related to aging among the female population will further spur revenue growth during the forecast period.
Skincare diagnostic devices such as image-guided systems, biopsy devices, and Dermatoscopes are utilized majorly in dermatology centers and clinics. Treatment devices include lasabrasion devices, LED therapy devices, liposuction devices, microdermabrasion devices, cryotherapy devices, and electrosurgical devices. Image-guided systems show significant growth due to the new technology assessment in these devices and miniaturization. In addition, increasing trends in anti-aging treatments, demand for skin tightening procedures, and body contouring with advanced dermatology devices are major factors driving the market growth. For e.g., increasing applications for WarmSculpting™ profile treatments, non-surgical fat reduction procedures, and other skin-tightening procedures will grow efficiently. Additionally, the wide availability of non-invasive fractional systems for skin resurfacing, hair removal, soft tissue repair, and other treatments for overall feminine health will drive the global market.
In 2018, skin rejuvenation generated maximum revenue share in the global market and will expand at a healthy CAGR. In 2018, according to a recent survey by the American Society for Dermatologic Surgery, more than 85% of people were concerned by surplus body weight. Studies have also revealed that more individuals are now preferring non-invasive skincare treatment procedures. Growing minimally invasive skin rejuvenation and resurfacing treatments are notable factors driving the market growth. Additionally, technology assessment in cosmetic surgeries increases demand for LED therapy devices, lasabrasion devices, microdermabrasion devices, and cryotherapy devices. Moreover, increasing FDA-approved treatments for overall skincare will boost the market growth. For e.g., Cryolipolysis (CoolSculpting®).
In 2018, the U.S. was the leading market due to an increase in the adoption of skincare treatment devices with growing awareness about the new launch of mobile screening devices at reliable cost with enhanced accuracy. Increasing demand for devices with multiple applications for skin rejuvenation, resurfacing, and other treatments in beauty centers, Spas, and skincare clinics will drive the market growth on a global scale. In addition, the growth of medical aesthetics along with demand for the ever-expanding range of skincare diagnostic & treatment devices in Asia and the Middle East will further spur the demand. Increasing occurrences of skin cancer and other disorders such as acne dermatitis and psoriasis, as well as other skin irregularities such as lesions, warts, and moles, are factors driving the growth of this market worldwide. Moreover, rising medical tourism in developing nations for cheaper treatment options will drive market growth.
Major manufacturers are emerging with safer products in the LED and laser segment with no or fewer side effects along with enhanced applications for different age groups. Acquisitions, partnerships, FDA clearance for new skin treatments, and enhanced R&D for the new launch of therapy devices will boost the market expansion of the skincare diagnostic & treatment devices globally. Moreover, an increase in the global demand for aesthetic procedures such as skin tightening, rejuvenation, liposuction, and body contouring or fat reduction will also drive market growth in the near future. Nevertheless, high device costs, procedures, competitive pricing, and concern related to side effects are a few of the major restraints for the overall market growth.
This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Skincare Diagnostic Devices
Skincare Treatment Devices
Application (2017–2027; US$ Mn)
Geography (2017–2027; US$ Mn)
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities better to understand the overall skincare diagnostic & treatment devices market. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.
The Skincare Diagnostic And Treatment Devices market is expected to see significant CAGR growth over the coming years, at 10.2%.
The report is forcasted from 2019-2027.
The base year of this report is 2018.
Cynosure Inc., Cutera Inc., Alma Lasers Ltd., Michelson Diagnostics Ltd., Lumenis Ltd., Palomar Medical Technologies, Syneron Medical Ltd., PhotomedexInc., Solta Medical Inc. are some of the major players in the global market.