by According to Vision Research Report, during the forecast period of 2022 to 2030, the global Skincare Devices market is estimated to develop at a compound annual growth rate (CAGR) of 10.9%. The global Skincare Devices market was valued at USD 11.4 Billion in 2021, and it is predicted to exceed USD 33.3 Billion by 2030. The study investigates several elements and their consequences on the growth of the Skincare Devices market.
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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.
Key Players
- Alma Lasers GmbH
- Cynosure, Inc.
- Solta Medical, Inc.
- Cutera, Inc.
- Syneron Medical Ltd.
- Canfield Scientific, Inc.
- 3Gen
- Aesthetic Group
- Ambicare Health
- Image Derm, Inc.
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
- Diagnostic 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
- Diagnostic Devices
- 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
- North America
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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