New York, April 06, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Skincare Treatment Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Light/ LED Therapy & Photo Rejuvenation Devices, Liposuction Devices, Electrosurgical Devices, Microdermabrasion Devices, Laser Based Devices, and Cryotherapy Devices), Application (Cellulite Reduction, Hair Removal, Skin Rejuvenation, Skin Tightening & Body Contouring, and Others), Distribution Channel (Online Retails, Specialty Stores, Supermarkets/ Hypermarkets, and Other Sales Channels), End User (Dermatology Clinics, Hospitals, Spas & Salons, and Others), and Geography”, the global skincare treatment devices market growth is driven by increasing prevalence of skin disorders and rising awareness about beauty devices, along with increasing new product launches and rising developments and strategic collaborations.
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| Report Coverage | Details |
| Market Size Value in | US$ 10.89 Billion in 2021 |
| Market Size Value by | US$ 23.37 Billion by 2028 |
| Growth rate | CAGR of 11.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
| No. of Pages | 195 |
| No. Tables | 112 |
| No. of Charts & Figures | 84 |
| Historical data available | Yes |
| Segments covered | Product, Application, Distribution Channel, and End User |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Skincare Treatment Devices Market: Competitive Landscape and Key Developments
Allergan; Cutera; Merz Pharma; Hologic, Inc.; Candela Corporation; Panasonic Corporation; Michelson Diagnostics Ltd.; Bausch Health Companies, Inc.; Lumenis BE Ltd.; and Photomedex Inc. are among the leading companies operating in the global skincare treatment devices market. These players are focusing on expanding, diversifying their market presence, and acquiring a novel customer base, thereby tapping prevailing business opportunities.
In September 2020, Merz announced the commercial availability of the Celfina System in selected European markets. The Celfina System is currently the only EU CE-marked and US FDA-cleared minimally-invasive procedure that treats the underlying structural cause of cellulite with results that last at least three years.
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In January 2020, Candela Corporation entered into an exclusive collaboration agreement with MT.DERM GmbH for the commercialization of MT.DERM's medical micro-needling products. According to the agreement, Candela Medical will market the product globally.
In 2020, North America dominated the skincare treatment devices market. The US holds the largest share of the market in this region. The market growth in the country is attributed to the rising prevalence of skin cancer and other skin illnesses such as acne, eczema, and rosacea and the increasing cosmetic procedures. According to the Centers for Disease Control and Prevention (CDC), acne vulgaris affects 80% of the US population at some point in their life, with 20% of those suffering from severe acne that can cause permanent physical and mental scarring.
Furthermore, the North American skincare devices market is anticipated to rise due to an increase in the elderly population, the frequency of skin problems, and the rise in the adoption of advanced products and techniques. The presence of a sizeable high-income customer base and the adoption of cutting-edge medical technology are expected to propel the skincare treatment devices market growth in the region.
High Prevalence of Skin Disorders Fueling Demand for Therapeutic Devices:
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. It indicates that the demand for aesthetic treatments is increasing, which will directly impact the adoption of technologically advanced and efficient dermatology devices. The manufacturers are constantly working to develop new products and innovations to cater to such demand from a large population.
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Furthermore, a surge in research and development activities is leading to new product launches in the skincare treatment devices market. For instance, in August 2020, Lumenis Ltd. announced the latest innovation, the NuEra Tight with FocalRF technology. The platform introduces a breakthrough in personalized non-invasive Radiofrequency (RF) body treatments to match the unique needs of every patient. NuEra Tight with FocalRF technology was developed to provide tailored body treatments to a patient’s distinctive needs. The new technology gives practitioners advanced tools for today’s aesthetic patients, accounting for clinical indications and specific body areas, all in one device.
Skincare Treatment Devices Market: Segmental Overview
Based on product, the skincare treatment devices market is segmented into light/LED therapy and photo rejuvenation device, liposuction devices, microdermabrasion devices, laser-based devices, and cryotherapy devices. The laser-based devices segment held the largest market share in 2021 and is anticipated to register the highest CAGR during the forecast period.
Based on application, the skincare treatment devices market is segmented into cellulite reduction, hair removal, skin rejuvenation, skin tightening and body contouring, and others. The hair removal segment held the largest share of the market in 2021. The skin tightening and body contouring segment is estimated to register the highest CAGR in the market during the forecast period.
Based on distribution channel, the skincare treatment devices market is segmented categorized into online retails, specialty stores, supermarkets/hypermarkets, and others. The specialty stores segment held the largest share of the market in 2021. In addition, the online retails segment is estimated to register the highest CAGR in the market during the forecast period.
Based on end user, the skincare treatment devices market is segmented into dermatology clinics, hospitals, spas and beauty salons, and others. The dermatology clinics segment held the largest share of the market in 2021, whereas the hospitals segment is estimated to register the highest CAGR in the market during the forecast period.
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COVID-19 placed a tremendous strain on healthcare systems globally. To decrease the risk of transmitting the virus to either patients or health care workers within their practice, providers postponed elective and preventive visits, such as annual physicals, and converted in-person visits to telemedicine visits whenever possible. Many patients also started avoiding visits because they were unwilling to leave their homes and risk exposure. However, the skincare treatment devices market will remain attractive in the long run. Moreover, the demand for dermatological devices has seen a V shape recovery. With the successful rollout of vaccines in all regions, the volume of dermatological devices is beginning to recover to its pre-pandemic levels. In 2021, the market had witnessed high demand due to the backlog of 2020 and increased interest from people related to dermatological procedures.
Browse Adjoining Reports:
Body Contouring Devices Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Non-Invasive and Minimally Invasive Devices and Invasive Devices); Procedure (Nonsurgical Skin Resurfacing, Nonsurgical Skin Tightening, Cellulite Treatment, Liposuction and Others); End User (Hospitals and Spa centers)
Skin Tightening Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product Type (Radio Frequency Skin Tightening, Laser Skin Tightening, Ultrasound Skin Tightening); Portability (Portable, Standalone); Treatment Type (Non-Invasive, Minimally Invasive); Application (Wrinkle Reduction, Face Lifting, Body Lifting, Anti-Aging, Others); End User (Dermatology Clinics, Hospitals, Beauty Salons and Cosmetic Centers, Home Care), and Geography
Dermatology Treatment Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Lasers, Light Therapy Devices, Cryotherapy Devices, Microdermabrasion Devices, Energy-Based Therapies Devices, and Microneedling); Application (Skin Resurfacing, Skin Rejuvenation, Hair Removal, Psoriasis, Scar, Warts and Skin Tags, Hyperpigmentation and Vascular Lesions, Acne, Tattoo Removal, and Hyperhidrosis); End User (Hospitals, SPA Clinics, Dermatology Clinics, and Surgical Centers), and Geography
Liposuction Surgical Pumps Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Electric, Pneumatic); Application (Hospital, Outpatient Center, Other) and Geography
Liposuction Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product Type ( Stand-alone, Portable ); Technology ( Suction-Assisted, Ultrasound-Assisted, Power-Assisted, Laser-Assisted, Water-Assisted, Twin Cannula-Assisted, Tumescent, Aspirator, RF-Assisted ); End User ( Hospitals, Ambulatory Surgical Centers, Cosmetic Surgical Centers )
Liposuction Equipment Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Type (Negative-Pressure Liposuction Equipment, Ultrasonic Liposuction Equipment, and Power Assisted Liposuction Equipment), End User (Hospitals, Dermatology Clinics, and Cosmetic Centers) and Geography
Microdermabrasion Devices Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Product Type (Equipment, Accessories); Device Type (Diamond Microdermabrasion, Crystal Microdermabrasion); Application (Acne & Scars, Anti-Aging, Photo Damage, Hyperpigmentation, Stretch Marks); End User (Hospitals, Dermatology Clinics, Home Use) and Geography
Electrosurgical Devices Market to 2025 - Global Analysis and Forecasts By Product (Electrosurgical Generators, Active Electrodes, Dispersive Electrodes, and Other), Application (General Surgery, Gynecology, Urology, Gastroenterology, Arthroscopy, and Others) and Geography
Chemical Peel Facial Rejuvenation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Mild Peel, Severe Peel); Application (Hospitals and Recreation Centers, Dermatology Clinics, Others) and Geography
Beauty Devices Market to 2027 - Global Analysis and Forecasts by Device Type (Hair Removal Devices, Cleansing Devices, Hair Growth Devices, Rejuvenation Devices, Light/LED Therapy and Photorejuvenation Devices, Acne Devices, Skin Dermal Rollers, Others); Usage Areas (Salon, Spa, Home) and Geography
Cryotherapy Apparatus Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Product (Hand-held, Tabletop, Wall-mounted); Applications (Athletes, Private, Others) and Geography
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