Press release
Skincare Devices Market Booming Demand by Leading Players: Alma Lasers, Ltd., InMode Ltd., Cutera
Increasing focus on aesthetic appeal is expected to propel growth of the global skincare devices market over the forecast period. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.
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R&D in minimally invasive device for wound treatment is expected to offer lucrative growth opportunities for players in the global skincare devices market. For instance, in December 2019, Misonix, Inc., a manufacturer of minimally invasive ultrasonic medical devices used for precise bone sculpting, removal of soft and hard tumors and tissue debridement, announced publication of two new large real-world studies proving the clinical effectiveness of its all human split thickness skin allograft TheraSkin for the treatment of complex wounds.
Competitive Landscape:
Major players operating in the global skincare devices market include, Alma Lasers, Ltd., InMode Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Hologic, Inc., Michelson Diagnostics Ltd., PhotoMedex, Inc., Solta Medical International Inc., and Syneron Medical Ltd.
Segmentation:
By Product Type:
Diagnostic
Treatment
By Application:
Disease Diagnosis/Treatment
Skin Rejuvenation (Wrinkles, Sun, Acne)
Hair Removal
Cellulite (fat) Reduction
Skin Tightening & Body Contouring
Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
Major players in the market are focused on approval and launch of new technologies to expand their product portfolio. For instance, in October 2019, InMode Ltd. received Health Canada Certification for AccuTite, a minimally invasive technology that delivers RF heating.
Major players in the market are also focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2018, Alma Lasers acquired Medical Nova, an aesthetic distributors of technology-based devices in Israel
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Key Findings Of The Study
• By type, the absolute Skincare Devices segment generated the highest revenue in 2020.
• By technology, the piezoresistive segment generated the highest revenue in 2020.
• By application, the automotive segment generated the highest revenue in 2020.
Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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