Global Skincare Devices Market Forecast to 2023 - Increase in Medical Spa Treatment & Use of Home-use Skincare Devices

DUBLIN, March 7, 2018 /PRNewswire/ --

The "Skincare Devices Market by Product, by Application and by Geography - Global Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

The growth in the skincare devices market will be led by increasing cases of skin cancer and skin related disorders, technological advancements in skincare devices, increase in disposable income, rising demand for aesthetic procedures, and growing geriatric population.

The products used in the skincare devices market have been categorized as skin treatment devices and skin diagnostic devices. The market for the latter is expected to witness the fastest growth at a CAGR of 11.9% during the forecast period. This rising demand for skincare diagnostic devices can be attributed to the increasing prevalence of skin diseases, especially skin cancer, the diagnosis of which requires the use of these devices.

Skin treatment devices held the largest share in the skincare devices market in 2017. These devices include light/LED therapy and photorejuvenation, liposuction, electrosurgical, laser based, cryotherapy, microdermabrasion, and others. Light/LED therapy and photorejuvenation devices are estimated to capture the largest share of the skin treatment devices market in 2017. This is due to the worldwide growth in aging population, and increasing popularity of these devices as a way to fight acne, and many signs of aging. Laser based devices are expected to witness the fastest growth in demand, at a CAGR of 11.9% during the forecast period.

Cellulite reduction is the largest application category in the skincare devices market, which can be attributed to the high prevalence (80%-90%) of cellulite in post-pubertal female patients of all races and rising ageing population. On the other hand, the skin tightening and body contouring application category is expected to witness the fastest growth in demand for skincare devices, during the forecast period. The growth for skin tightening and body contouring services is driven by the increasing prevalence of obesity and growing number of people undergoing liposuction, who in turn require skin tightening for avoiding the problem of loose skin.

Market Dynamics

Trends

• Increase in medical spa treatment
• Increasing use of home-use skincare devices

Drivers

• Increasing cases of skin cancer and skin related disorders
• Technological advancement in skincare devices
• Increase in disposable income leading to rise in expenditure on skincare
• Rising demand for aesthetic procedures
• Growing geriatric population
• Impact analysis of drivers on market forecast

Restraints

• Risks associated with the use of skincare devices
• High equipment cost
• Impact analysis of drivers on market forecast

Opportunities

• Rise of medical spas in emerging countries
• Emerging medical tourism

Key Topics Covered:

1. Research Background

2. Research Methodology

3. Executive Summary

4. Introduction

5. Global Market Size and Forecast

6. North America Market Size and Forecast

7. Europe Market Size and Forecast

8.APAC Market Size and Forecast

9. LATAM Market Size and Forecast

10. MEA Market Size and Forecast

11. Competitive Landscape

12. Company Profiles

• Allergan PLC
• Alma Lasers Ltd.
• Beijing Toplaser Technology Company Limited
• Cutera, Inc.
• Hologic, Inc.
• Lumenis Ltd.
• Merz Pharma GMBH & Co. KGAA
• Michelson Diagnostics Ltd.
• Panasonic Corporation
• Photomedex, Inc.
• Syneron Medical Ltd.
• Valeant Pharmaceuticals International, Inc.Products

For more information about this report visit https://www.researchandmarkets.com/research/cjmdhg/global_skincare?w=5

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SOURCE Research and Markets