Press release
Homecare Dermatology Energy-based Devices Market CAGR Projected for 5.3% by 2028 | Shenzhen Leaflife Technology Co., Ltd., Dezac group ( Rio Beauty), Norlanya Technology Co., Home Skinovations Inc.
Growing commercialization of advanced technology in homecare dermatology and frequent introduction of user-friendly dermatology services are collectively boosting the growth prospects for homecare dermatology energy-based devices landscape at a global level.
According to a newly released intelligence report by Future Market Insights, exhibiting nearly 5% year over year growth in revenue, the global homecare dermatology energy-based devices landscape is likely to be worth over US$ 550 Mn in 2020. While maximum incremental opportunity is projected for China and APEC, North America – despite being the global leader – is likely to witness moderate growth in coming years.
Rapidly growing demand for homecare devices as a result of a paradigm shift from conventional clinics to in-house, non-invasive energy treatments is prominently responsible for healthy revenue growth projections for homecare dermatology energy-based devices.
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Technological advancements in these devices are widening their application base, thereby pushing the rate of adoption further at a global level. Another strong push factor associated with homecare dermatology energy-based devices includes their availability as the OTC products.
Product type analysis of market landscape reveals that laser and IPL (intense pulsed light) equipment are enjoying the highest sales, whereas LED equipment is projected to emerge as the most attractive segment in homecare dermatology energy based devices space in the near future.
Hair removal and acne, followed by wrinkles treatment, are reportedly the most extensively sought after applications of homecare dermatology energy based devices.
E-commerce dominates all other distribution channels, according to the report. Hyper markets and super markets also remain among the preferred channels for product distribution.
A Bird’s Eye View of the Global Landscape
“The global market for homecare dermatology energy based devices is a highly consolidated landscape, wherein the top two players collectively account for around 60% share of the market revenue. Koninklijke Philips, with more than a third of the market value share, secures the top position with its extensive portfolio of intense pulsed light devices used for hair removal,” explains a senior research analyst while offering the inclusions of the company’s recent report on the global homecare dermatology energy based devices market.
Adding further to the information about the market competition, the analyst says, “A majority of companies are prioritizing product innovations in LED, IR, and lasers segments. Moreover, a large number of market players are taking efforts for extended product reach through retail partnerships, in addition to NPD for a wider application base. Companies are also observed to be focusing on collaborations and acquisitions to reshape their product distribution strategy for better profitability”.
FDA Approvals Are Relatively Easy
Relatively easy and faster FDA approvals for homecare dermatology energy based devices are driving improved appearance of these devices in tandem with the latest handheld gadgets, which prominently curtail the need for frequent visits to professional cosmetic treatment centers.
A recent example includes FDA clearance for Titan – the anti-aging device launched by Skinovations Inc. later in 2017.
On a similar line, North American and European markets for homecare dermatology energy based devices are witnessing remarkable adoption in recent years. FMI identifies a slew of business expansion opportunities in the aforementioned regions for manufacturers of homecare dermatology energy based devices.
Moreover, growing R&D efforts as manufacturers in the US zoom in on the production quality, is likely to shape the performance of North America’s market for homecare dermatology energy based devices.
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Combination of Technologies for Better Treatment Output
Making the most of the best attributes of LED and lasers technologies, a new trend among manufacturers now involves the combination of both the technologies for manufacturing homecare dermatology energy based devices. While these devices are claimed to be effectively reducing fine lines and improving skin tone with LED, lasers enable them to be highly target specific. A recent example is of YA-MAN’s RF Beaute Photo PLUS.
Homecare Dermatology Energy Based Devices Market Reports - Table of Contents
Executive Summary
Market Overview
Market Analysis
FMI Analysis and Recommendations
Wheel of Fortune
Market Introduction
Market Taxonomy
Market Definition
Homecare Dermatology Energy Based Devices Market Opportunity Analysis
Macro-Economic Factors
Opportunity Analysis
Market Background
Market Dynamics
Drivers
Restraints
Trends
Global Economic Outlook
Gross Domestic Product by Region & Country, 2016 – 2021
Key Inclusions
Pricing Analysis, By Region
List of Key Distributors
Value Chain Analysis
Iceberg Analysis
North America Homecare Dermatology Energy Based Devices Market Analysis 2013–2017 and Forecast 2018–2028
Introduction
Historical Market Size (US$ Mn) Analysis by Country, 2013-2017
U.S.
Canada
Market Size (US$ Mn) Forecast By Country, 2018-2028
Historical Market Size (US$ Mn) and Volume (Units) Trend Analysis by Product Type, 2013-2017
Intense Pulsed Light (IPL) Devices
Laser Devices
LED Devices
Radio Frequency Devices
Infrared Devices
Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028
Historical Market Size (US$ Mn) Trend Analysis by Application, 2013-2017
Hair Removal
Acne
Wrinkles
Skin Rejuvenation
Skin Pigmentation
Others
Browse Full Report @ https://www.futuremarketinsights.com/reports/homecare-dermatology-energy-based-devices-market
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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