Press release
What's are Latest Technological Advancements in Skincare Devices Market? Key Players are Allergan, Michelson Diagnostics Ltd., Lumenis, PhotoMedex, Cutera, Inc., Hologic, Inc.
Looking good is considered important in today’s world, as it happens to boost many people’s confidence. The idea of beauty is almost as important as human civilization itself, with folklore being filled with appreciation of their protagonists’ physical charms. This is why people around the world are rapidly focusing on their skin and hair and visiting spas and dermatology centers for the same. With the advent of globalization, the trend of working on one’s appearance has picked up in the last 10–15 years.Global Skincare Devices Market Key Players are:
1- Allergan
2- Michelson Diagnostics Ltd.
3- Lumenis
4- PhotoMedex
5- Cutera, Inc.
6- Hologic, Inc.
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Hence, with humans stepping up efforts to look good, the skincare devices market, which generated $7,787.4 million in 2017, is projected to reach around $14,600.0 million by 2023, at an 11.2% CAGR during 2018–2023 (forecast period). The other reason for the rapid uptake of such instruments is the increasing prevalence of skin diseases, the most deadly among which is skin cancer. The World Health Organization (WHO) puts the annual incidence of melanoma and non-melanoma skin cancer at 132,000 and 2–3 million cases, respectively.
In the coming years, the skincare devices market would grow the fastest in Asia-Pacific (APAC), which is currently witnessing a sharp increase in its geriatric population. The United Nation says that compared to 11.4% in 2011, people in the 65-and-above age group would make up 20% of APAC’s population in 2050. Such people not only face issues such as cellulite, wrinkles, obesity, and loose skin, but they are also at a higher risk for cancer. Additionally, with the rising social media and TV influence, people here have become more conscious of their appearance, than before, which is why they are visiting dermatological clinics and spas to improve their aesthetics.
Get Detailed COVID-19 Impact Analysis on the Skincare Devices Market: https://www.psmarketresearch.com/speak-analyst/skin-care-devices-market/Y292aWRfcXVlcnk=
Market Segmentation by Product
• Skin treatment devices
o Light/LED therapy & photorejuvenation
o Liposuction devices
o Electrosurgical devices
o Laser based devices
o Cryotherapy devices
o Microdermabrasion devices
o Others
• Skin diagnostic devices
o Dermatoscopes
o Biopsy devices
o Image guided systems
o Others
Market Segmentation by Application
• Cellulite reduction
• Disease diagnosis & treatment
• Hair removal
• Skin tightening & body contouring
• Skin rejuvenation
• Others
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape 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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