NEW YORK, Sept. 30, 2020 /PRNewswire/ -- The International
Society of Aesthetic Plastic Surgery (ISAPS) says that in 2018,
10,607,227 surgical cosmetic procedures were performed around the
world. Due to the rising demand for aesthetic procedures, the
global skincare devices market is predicted to grow to $28,157.2 million by 2030 from $9,531.9 million in 2019, at a healthy 11.0% CAGR
between 2020 and 2030, according to P&S Intelligence.
Similarly, the volume of non-surgical aesthetic procedures, such
as calcium hydroxylapatite, botulinum toxin, poly-L-lactic acid,
and hyaluronic acid treatments; non-surgical photorejuvenation and
skin tightening procedures, chemical peel, non-surgical fat
reduction, and cellulite reduction, is also rising. In particular,
the skincare devices market is being propelled by the rising demand
for breast lift, breast augmentation, neck lift, fat grafting
(face), and brow lift procedures.
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The lockdowns implemented in the wake of the COVID-19 pandemic
have forced skincare device manufacturers to suspend manufacturing
and sales operations, thus leading to low availability of such
products. In addition, the skincare devices market advance is also
being currently hampered by the closure of cosmetic centers and
dermatology clinics and most non-critical hospital departments,
both to avoid unnecessary human–human contact and divert the
available healthcare resources to COVID care.
Browse report with detailed TOC on Skincare Devices Market
Research Report: By Product (Treatment Devices, Diagnostic
Devices), Distribution Channel (Direct, Indirect), Application
(Cellulite Reduction, Disease Diagnosis & Treatment, Hair
Removal, Skin Tightening & Body Contouring, Skin Rejuvenation),
End User (Dermatology Clinics, Hospitals, Spas & Salons) -
Global Industry Analysis and Growth Forecast to 2030 @
https://www.psmarketresearch.com/market-analysis/skin-care-devices-market
In the coming years, the skin tightening & body contouring
category is expected to advance with the highest CAGR in the
skincare devices market, of 11.8%, under segmentation by
application. On account of the increasing volume of liposuction
procedures and incidence of obesity, a rising number of people are
suffering from loose skin. The ISAPS says that from 1,372,901 in
2014, the number of liposuction surgeries performed around the
globe surged to 1,573,680 in 2017 and 1,732,620 in 2018.
The dermatology clinics category would continue dominating the
skincare devices market in the immediate future, under the end user
segment. Since dermatology clinics are dedicated to skincare, they
use the related devices in large numbers, for skin rejuvenation,
hair removal, skin tightening, and other purposes.
The highest revenue in the skincare devices market in the
present time is generated in North
America. With the increasing awareness about skincare and
appearance and high disposable income of people, the volume of
skincare treatments and associated device sales are high in the
region. Additionally, skin cancer treatment coverage is provided
under the Medicaid and Medicare programs in the U.S., which further
results in high device adoption.
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Asia-Pacific (APAC) is on the
path to growing the fastest in the skincare devices market in the
years to come. The population, especially those of the elderly, as
well as the prevalence of obesity and dermatological diseases, is
increasing in APAC. This has led to a wide adoption of skincare
devices for therapeutic and diagnostic purposes, thereby driving
the regional market.
Mergers, Acquisitions, and Partnerships Shaping Industry
Competition
The competition in the skincare devices market is being shaped
by partnerships, mergers, and acquisitions, as players are taking
these steps to:
- Enhance their medical aesthetics portfolio
- Expand their business
- Strengthen their presence across countries
- Offer laser and other energy-based skincare devices
- Provide laser treatments for port wine stains, birthmarks, and
other vascular indications
The major companies operational in the global skincare devices
market are Merz Pharma GmbH & Co. KGaA, Allergan plc, Michelson
Diagnostic Ltd., Candela Corporation, PhotoMedex Inc., Lumenis
Ltd., Cutera Inc., Alma Lasers Ltd., Panasonic Corporation, Hologic
Inc., Beijing Toplaser Technology Co. Ltd., Bausch Health Companies
Inc., TRIA Beauty Inc., and Nu Skin Enterprises Inc.
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Anti-Aging and Skin Rejuvenation Energy-Based Aesthetic
Devices Market
North America is expected to
account for the largest share in the anti-aging and skin
rejuvenation energy-based aesthetic devices market by 2024,
followed by Europe. Together,
North America and Europe are expected to account for a 65.3%
market share in 2024. This can be mainly attributed to the presence
of established players and rising geriatric population, along with
the surging consciousness among people about their appearance.
https://www.psmarketresearch.com/market-analysis/anti-aging-and-skin-rejuvenation-energy-based-aesthetic-devices-market
Skin Replacement and Substitutes Market
The skin replacement and substitutes market in APAC is expected
to witness lucrative growth, witnessing a CAGR of 6.7% during the
forecast period. The market in APAC is led by factors such as
increasing cases of burns, rising prevalence of skin diseases, and
improving healthcare systems.
https://www.psmarketresearch.com/market-analysis/skin-replacement-and-substitutes-market
About P&S Intelligence
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analyses on the ever-changing market scenario, to empower companies
to make informed decisions and base their business strategies with
astuteness.
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P&S Intelligence
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