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Skin Care Devices Global Market Anticipated to Attain $21.16 Billion By 2028, at 9.2% CAGR | Latest Trends and Growth Opportunities
Skin Care Devices Market Size
Skin Care Devices Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $21.16 billion In 2028 At A CAGR Of 9.2% :
The skin care devices market size has grown rapidly in recent years. It will grow from $13.20 billion in 2023 to $14.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to consumer demand for personalization, aging population and anti-aging concerns, professional treatments at home, increased awareness and education, increasing adoption of LED therapy.
The skin care devices market size is expected to see strong growth in the next few years. It will grow to $21.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to integration with artificial intelligence (AI), rise of smart skin care devices, focus on sustainable and eco-friendly technologies, emergence of wearable skin tech, customization through data analytics. Major trends in the forecast period include augmented reality (AR) in skincare consultations, biometric skin monitoring, microneedling and radiofrequency devices, DNA-based skincare personalization, emphasis on mental health and wellbeing.
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Skin Care Devices Market Major Segments
The skin care devices market covered in this report is segmented -
1) By Product Type: Cleansing Devices, Anti-Aging Devices, Skin Texture And Tone Enhancement Devices, Acne Treatment Devices
2) By Sales Channel: Direct Sales, Modern Trade, Departmental Stores, Specialty Stores, Online Retailers, Mono Brand Stores, Other Sales Channel
3) By Application: Diagnostic Devices, Treatment Devices
4) By End Use: Hospitals, Clinics, Other End Use
Key Driver - Expanding Skin Disease Prevalence Fuels Growth in Skincare Device Markets
A surge in the prevalence of skin diseases is expected to propel the growth of the skin care device market going forward. Skin diseases refer to a wide range of conditions that affect the skin, the largest organ of the human body. These conditions can vary in severity, ranging from mild irritation to chronic or even life-threatening conditions. This disease arises due to various factors, such as environmental pollution, lifestyle changes, and increased exposure to UV radiation. Skincare devices are used for treating skin diseases through stimulation of skin renewal, reducing inflammation, boosting topical therapy absorption, and improving skin health product performance. For instance, in March 2022, according to an article published in JAMA Dermatology, a US-based peer-reviewed journal, in 2020, an estimated 325,000 melanoma cases and 57,000 melanoma-related deaths were recorded globally, with forecasts for a rise to 510,000 cases and 96,000 deaths in 2040. Therefore, the surge in the prevalence of skin diseases is driving the growth of the skin care device market.
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Prominent Trend - Obagi Cosmeceuticals Unveils New Skintrinsiq System For Enhanced Skincare Absorption And Purification
Major companies operating in the skincare devices market are concentrating on innovative products, such as the Skintrinsiq System, a professional facial device, to enhance their economic gains in the competitive landscape. It utilizes InfuseIQ technology to enhance product absorption and purify skin by lifting its upper layers. For instance, in December 2021, Obagi Cosmeceuticals LLC, a US-based pharmaceutical company, launched the Skintrinsiq System. This system allows for customized treatments across all skin types, targeting concerns like wrinkles or uneven skin tones. Regular biweekly sessions are advised for peak outcomes. Additionally, it incorporates blue and/or red LED light therapy, enhancing the regimen without extending the treatment duration.
Skin Care Devices Market Players
Major companies operating in the skin care devices market are Johnson & Johnson, Hitachi Ltd., The Procter And Gamble Company, Panasonic Holdings Corporation, Unilever PLC, L'Oréal S.A., Koninklijke Philips N.V., Shiseido Co. Ltd., Amorepacific Corporation, Nu Skin Enterprises Inc., Conair Corporation, Revlon Corporation, FOREO, Oriflame Holding AG, Beurer GmbH, Cynosure Inc., YA-MAN Ltd., Syneron Medical Ltd., Homedics, MTG Co. Ltd., Sciton Inc., Silk'n, Tria Beauty Inc., NuFACE, Trophy Skin, Quasar Bio-Tech Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the skin care devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Skin Care Devices Market Report Structure
3. Skin Care Devices Market Trends And Strategies
4. Skin Care Devices Market - Macro Economic Scenario
5. Skin Care Devices Market Size And Growth
…..
27. Skin Care Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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