Skincare Devices Market : Cellulite Treatment in Huge Demand
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TMR’s prediction pegs the revenue of the global skin care devices market at a US$17.2 bn for 2023. With respect to application, cellulite reduction is projected to gather higher demand in the market. By region, North America could take the driver’s seat of the market for the next few years.
Rising Demand for Diagnosis Using Biopsy and Dermatoscopy Improves Growth
Demand for skin care devices is prognosticated to increase on the back of rising prevalence of skin cancer and other skin diseases. Uptake of skin care devices could rise with swelling demand for lasabrasion, light therapy, and other treatment techniques. Soaring increase in demand for diagnosis in the form of dermatoscope and biopsy is also expected to improve sales of skin care devices. Furthermore, rising requirement of non-invasive cosmetic procedures could augment the demand in the world skin care devices market.
Launch of smart skin care devices easing up the process of treating various skin-related disorders is forecasted to set the tone for significant growth in the global market.
Increase in Usage of Alternatives for Skin Care Procedures Discourages Players
Lack of transparency in pricing strategies of suppliers and highly competitive nature of the vendor landscape putting pressure on manufacturers to set lower prices for their products are envisaged to hamper the growth of the international skin care devices market. Moreover, substitutes for light therapy, liposuction, and other skin care procedures attaining popularity at a quick pace could slow down the demand for skin care devices. The market could witness bottlenecks created due to high usage of Botox, dermal fillers, and other cosmeceuticals.
However, there could be growth opportunities taking birth in the international skin care devices market due to the demand for faster solutions with minimal pain to treat aging lines, wrinkles, and other skin-related problems. Untapped markets in Asia Pacific could be another factor supporting market growth. Talking about developed regions such as North America, the need for skin care devices could increase owing to high baby boomer population.
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The information presented in this review is based on a TMR report, titled “Skin Care Devices Market (Product – Skin Care Diagnostic Devices (Dermatoscope, Biopsy, and Image Guidance) and Skin Care Treatment Devices (LED Therapy, Lasabrasion, Liposuction, Microdermabrasion, Electrosurgical, and Cryotherapy); Application – Cellulite Reduction, Disease Diagnosis and Treatment, Hair Removal, Skin Tightening and Body Contouring, Skin Rejuvenation, and Damage Repair) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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