"Skincare diagnostic & treatment devices market to exhibit dynamic growth during the forecast period"
The global skincare diagnostic & treatment devices market is increasing competently, projected to grow at a CAGR of 10.2%. Worldwide, growing skin diagnostic procedures along with minimally invasive treatment have significantly increased devices. Innovative product launches in the skincare industry, a high pool of individuals with numerous skin conditions and demand for skin rejuvenation are factors driving the overall growth of the skincare diagnostic & treatment devices market globally. The increasing commonness of lifestyle diseases, demand for medical aesthetics, obesity, and conditions related to aging among the female population will further spur revenue growth during the forecast period.
"Diagnostic devices expected to register higher growth by the end of 2030"
Skincare diagnostic devices such as image-guided systems, biopsy devices, and Dermatoscopes are utilized majorly in dermatology centers and clinics. Treatment devices include lasabrasion devices, LED therapy devices, liposuction devices, microdermabrasion devices, cryotherapy devices, and electrosurgical devices. Image-guided systems show a significant growth rate due to the new technology assessment in these devices along with miniaturization. An increasing trend of anti-aging treatments, demand for skin tightening procedures, and body contouring with advanced dermatology devices are major factors driving the market growth. For e.g. increasing applications for WarmSculpting™ profile treatments, non-surgical fat reduction procedures, and other skin-tightening procedures will grow efficiently. Additionally, the wide availability non-invasive fractional systems for skin resurfacing, hair removal, soft tissue repair and other treatments for overall feminine health will drive the global market.
"Skin rejuvenation segment expected to register higher growth by the end of 2030"
In 2021, skin rejuvenation generated maximum revenue share in the global market and will expand at a healthy CAGR. In 2018, according to a recent survey by the American Society for Dermatologic Surgery, more than 85% of people are concerned with surplus bodyweight. Studies have also revealed that more individuals are now preferring non-invasive skincare treatment procedures. Growing minimally invasive treatments for skin rejuvenation and resurfacing are notable factors driving market growth. Additionally, technology assessment in cosmetic surgeries, increasing demand for LED therapy devices, lasabrasion devices, microdermabrasion devices, and cryotherapy devices. Moreover, increasing FDA approved treatments for overall skincare will boost the market growth. For e.g. Cryolipolysis (CoolSculpting®).
"Increasing obese population, expansion of new products & skincare services, and the presence of top manufacturers hold the U.S. in dominant position"
In 2021, the U.S. is the leading market due to an increase in the adoption of skincare treatment devices with growing awareness about the new launch of mobile screening devices at reliable cost with enhanced accuracy. Increasing demand for devices with multiple applications for skin rejuvenation, resurfacing, and other treatment in beauty centers, Spas, and skincare clinics will drive the market growth on a global scale. The growth of medical aesthetics along with demand for the ever-expanding range of skincare diagnostic & treatment devices in Asia and the Middle East will further spur the demand. Increasing occurrences of skin cancer and other disorders such as acne dermatitis, and psoriasis as well as other skin irregularities such as lesions, warts, and moles are factors driving the growth of this market worldwide. Moreover, rising medical tourism in developing nations for cheaper treatment options will drive market growth.
"Increased research and development with strong product pipelines in the developed regions"
Major manufacturers are emerging with safer products in the LED and laser segment with no or fewer side effects along with enhanced applications for different age groups. Acquisitions, partnerships, FDA clearance for new skin treatment, and enhanced R&D for the new launch of therapy devices will boost the market expansion of the skincare diagnostic & treatment devices globally. Moreover, an increase in the global demand for aesthetic procedures such as skin tightening, rejuvenation, liposuction, and body contouring or fat reduction will also drive the market growth in the near future. Nevertheless, high device costs along with procedures, competitive pricing, and concern related to side effects are the few of the major restraints for the overall market growth.
Key Developments:
Top Manufacturers:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Skincare Diagnostic And Treatment Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
