Skincare Devices Market (By Product: Diagnostic Devices, Treatment Devices; By Application: Diagnostic Devices, Treatment Devices; By End-use: Hospitals, Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 � 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.

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

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.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Some of the prominent players in the Skincare Devices Market include:

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.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

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

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Skincare Devices market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Skincare Devices market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Skincare Devices markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

• Governmental bodies, and organizations creating economic policies
• National and international social welfare institutions
• Company websites, financial reports and SEC filings, broker and investor reports
• Related patent and regulatory databases
• Statistical databases and market reports
• Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

• Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
• In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

• CEOs, VPs, market intelligence managers
• Procuring and national sales managers technical personnel, distributors and resellers
• Research analysts and key opinion leaders from various domains

Key Points Covered in Skincare Devices Market Study:

• Growth of Skincare Devices in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Skincare Devices and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Skincare Devices Consumption Analysis
•  Skincare Devices Production Analysis
•  Skincare Devices and Management