The Global Skincare Devices Market is expected to
reach USD 12,799.5 million by 2020, growing at an estimated CAGR of 10.0% from
2014 to 2020, according to a new study by Grand View Research, Inc. Increasing
prevalence of skin disorders and skin cancer around the globe is expected to
drive skincare device demand. The growing demand of minimal, non-invasive and
aesthetic procedures such as skin rejuvenation, skin tightening and body
contouring is also expected to be a key driver of this market. In addition,
rise in the growth of medical tourism and ‘Medspas’ in emerging markets such as
India is expected to provide growth opportunities to market participants.
Presence of cost effective procedures coupled with an abundant presence of
English speaking healthcare practitioners are some of factors driving the
market in these regions.
Skincare treatment devices dominated the product
market with a share of over 92.0% in 2013. Change in consumer lifestyles and
their growing willingness to spend on treatments such as liposuction,
lasabrasion and Microdermabrasion to make favored body and skin modifications
is expected to boost segment demand during the forecast period.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/skincare-devices-market
Further
key findings from the study suggest:
- Skin tightening & body contouring segment is expected to grow at the highest CAGR of 12.0% during the forecast period. Rising disposable income of consumers and increasing desire to stay physically fit and attractive is one of the major factors accounting for its lucrative growth.
- The cellulite reduction market is also expected to grow at a significant pace during the forecast period. Growing global prevalence of obesity and the consequent rise in demand for cellulite (fat) reduction procedures is expected to drive segment growth during the forecast period.
- North America was the largest regional market in 2013, accounting for over 44.5% of global revenue due to rise in demand for skincare solutions to enhance physical features as a result of the modern lifestyle and increase in baby boomer population.
- Asia Pacific is expected to grow at the fastest CAGR of over 11.0% from 2014 to 2020. Improved health care facilities and an increasing preference for aesthetics related medical procedures coupled with growing disposable incomes will result in growth in demand for advanced skincare solutions in this region.
- Key industry participants of this market include Solta Medical Inc., Syneron Medical Ltd., Cynosure Inc., Cuttera Inc., Lumenis Ltd., Alma Lasers Ltd., and PhotMedex.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/medical-devices
For
the purpose of this study, Grand View Research has segmented the skincare
devices market on the basis of product, application and region:
Skincare Devices Product Outlook
• Skincare Diagnostic Device
• Dermatoscopes
• Image Guidance Systems
• Biopsy Devices
• Skincare Treatment Devices
• Lasabrasion Devices
Market
• LED Therapy Devices
• Liposuction Devices
• Microdermabrasion Devices
• Cryotherapy Devices
• Electrosurgical Devices
Skincare Devices Application
Outlook
• Disease Diagnosis & Treatment
• Hair Removal Market
• Skin Rejuvenation
• Cellulite Reduction
• Body Contouring And Skin
Tightening
Skincare Market Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
Corporate
Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
Toll
Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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