Skincare Devices Market
Skincare Devices Market Forecasts to 2030 - Global Analysis By Product (Diagnostic Devices, Treatment Devices, Anti-Ageing Devices, Cleansing Devices, Skin Texture & Tone Enhancement Devices and Other Products), Type (Women Skin Care Devices, Unisex Skin Care Devices, Men Skin Care Devices and Other Types), Distribution Channel, Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $16.0 BN |
|
Projected Year Value (2030) |
US $40.7 BN |
|
CAGR (2023 - 2030) |
6.2% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Skincare Devices Market is accounted for $16.0 billion in 2023 and is expected to reach $40.7 billion by 2030 growing at a CAGR of 6.2% during the forecast period. Skincare devices are innovative tools designed to enhance and optimize skincare routines, promoting healthier and more radiant skin. Applications such as Anti-aging devices, such as microcurrent devices and LED therapy tools, use electrical currents and light wavelengths to stimulate collagen production, reduce fine lines, and improve skin elasticity. These tools offer non-invasive alternatives to traditional dermatological procedures, allowing users to achieve professional-level results in the comfort of their homes to achieve and maintain healthier skin.
According to the American Cancer Society, melanoma skin cancer accounts for only 1% of total skin cancer cases, however, it is responsible for the highest number of cancer deaths.
Market Dynamics:
Driver:
Increasing awareness and beauty consciousness
The awareness and consciousness of skincare are becoming more informed through social media, beauty blogs, and online content, with a focus on creating user-friendly, customizable, and results-driven skincare devices. Consumers, influenced by beauty influencers and celebrities, are more willing to invest in devices that offer convenience, efficacy, and a holistic approach to skincare. In addition, the beauty-conscious consumer base actively seeks effective solutions to address skincare concerns and enhance their overall appearance, which is driving this market size.
Restraint:
High cost
Advanced skincare devices often incorporate cutting-edge technology and innovative features, which contribute to their higher price tags. The high cost of advanced skincare devices creates a barrier to entry for a significant portion of the consumer base, making it difficult to afford these devices, particularly when they have limited financial resources. Moreover, the high cost may also deter healthcare professionals, such as dermatologists or aestheticians, from investing in these devices for their practices, which is hindering market growth.
Opportunity:
E-commerce growth
The online retail environment allows for easy product discovery, reviews, and comparisons, enabling consumers to make informed decisions about skincare device purchases. These platforms provide a convenient and accessible avenue for consumers to explore, compare, and purchase a wide range of skincare devices from the comfort of their homes. Moreover, the e-commerce channel facilitates direct-to-consumer sales, enabling skincare device brands to establish a closer connection with their customers, thereby boosting market growth.
Threat:
Adverse effects
Skincare devices can cause skin irritation or allergic reactions, particularly in individuals with sensitive skin. The use of certain devices, such as microdermabrasion or chemical peels, can lead to redness, dryness, or even temporary discoloration of the skin. Consumers may worry about the long-term impact of using certain technologies if the scientific basis or safety profile of a particular device is unclear. Further, the effectiveness of skincare devices can vary depending on individual skin types and conditions, such as age, skin sensitivity, and underlying skin conditions, which thereby hampers market expansion.
Covid-19 Impact
The skincare devices market experienced several challenges due to the negative impact of the COVID-19 pandemic. Lockdowns, restrictions on movement, and economic uncertainties led to a decline in consumer spending on non-essential items, affecting the sales of skincare devices. Moreover, with social distancing measures in place, the demand for in-person skincare treatments and consultations diminished, affecting the sale of professional-grade skincare devices, which is impeding this market expansion.
The anti-ageing devices segment is expected to be the largest during the forecast period
The anti-ageing devices segment is estimated to hold the largest share, due to the signs of aging and promote youthful skin. Anti-aging devices include radiofrequency devices for skin tightening, laser therapy tools for collagen stimulation, and microcurrent devices for toning facial muscles. Additionally, consumers are seeking non-surgical alternatives for maintaining youthful skin, contributing to the popularity of at-home anti-aging devices. The convenience and cost-effectiveness of these devices compared to professional treatments have further fueled this segment demand.
The mono brand stores segment is expected to have the highest CAGR during the forecast period
The mono brand stores segment is anticipated to have highest CAGR during the forecast period. These stores provide a unique shopping experience, offering a comprehensive selection of a specific brand's skincare devices along with expert guidance and demonstrations. The mono-brand store strategy allows skincare device manufacturers to strengthen their brand identity, establish a direct connection with consumers, and create a controlled environment for product presentation. Furthermore, these stores often feature immersive displays, knowledgeable staff, and interactive elements to enhance customer engagement and education about the brand's technologies, which is boosting this segment’s growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to a diverse range of electronic and mechanical devices designed to enhance skincare routines, catering to the beauty-conscious population across countries. This region is home to some of the major key players, such as L’Oreal S.A., Philips Beauty, Unilever, and Clarisonic, which contribute to the prominent beauty and tech companies, coupled with evolving consumer preferences and positions. Therefore, ongoing technological advancements, coupled with a culturally ingrained focus on skincare, significantly propel the region's size.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to the increasing adoption of advanced skincare technologies. Countries such as the UK, Italy, Germany, and France encompass a diverse range of products, including facial cleansing devices, anti-aging tools, and specialized devices for various skincare concerns. Furthermore, technological advancements, including the integration of smart features and connectivity in skincare devices, continue to shape the industry landscape, and a discerning consumer base contributes to the region’s expansion.
Key players in the market
Some of the key players in the Skincare Devices Market include Alma Lasers, Fotona, Image Derm, Inc., Ambicare Health, Aesthetic Group., 3Gen, Canfield Scientific Inc., Cutera, Solta Medical, Inc., Cynosure, Inc., Syneron Medical Ltd., Panasonic Corporation, Shenzhen Mareal Technology Co. Ltd., L’Oreal SA, Nu Skin Enterprises, PhotoMedex Inc., Carol Cole Company, Inc., Lumenis and TRIA Beauty inc.
Key Developments:
In December 2023, L’Oréal announced that it has completed the acquisition of Lactobio, which opens up new scientific opportunities, including leveraging Lactobio’s microbiome expertise and significant IP portfolio to develop safe and effective new cosmetic solutions using live bacteria.
In September 2023, L’Oréal announces an agreement to make a minority investment in Shinehigh Innovation, an innovation-led biotech company in China, to establish a long-term partnership for the co-development of novel and sustainable beauty solutions.
In December 2023, RW Pressprich & Co. announced that it acted as the exclusive financial advisor to 3GEN/Dermlite on its acquisition by a USA and Canada based healthcare Private Equity firm.
Products Covered:
• Diagnostic Devices
• Treatment Devices
• Anti-Ageing Devices
• Cleansing Devices
• Skin Texture & Tone Enhancement Devices
• Other Products
Types Covered:
• Women Skin Care Devices
• Unisex Skin Care Devices
• Men Skin Care Devices
• Other Types
Distribution Channels Covered:
• Departmental Stores
• Direct Sales
• Modern Trade
• Mono Brand Stores
• Online Retailers
• Specialty Stores
• Other Distribution Channels
Applications Covered:
• Disease Diagnosis
• Skin Treatment
• Other Applications
End Users Covered:
• Hospitals
• Clinics
• Beauty Salon & Spa
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Skincare Devices Market, By Product
5.1 Introduction
5.2 Diagnostic Devices
5.2.1 Dermatoscopes
5.2.2 Microscopes
5.2.3 Biopsy devices
5.3 Treatment Devices
5.3.1 Light therapy devices
5.3.2 Electrosurgical equipment
5.3.3 Liposuction devices
5.3.4 Microdermabrasion devices
5.3.5 Cryotherapy devices
5.3.6 Lasers
5.4 Anti-Ageing Devices
5.5 Cleansing Devices
5.6 Skin Texture & Tone Enhancement Devices
5.7 Other Products
6 Global Skincare Devices Market, By Type
6.1 Introduction
6.2 Women Skin Care Devices
6.3 Unisex Skin Care Devices
6.4 Men Skin Care Devices
6.5 Other Types
7 Global Skincare Devices Market, By Distribution Channel
7.1 Introduction
7.2 Departmental Stores
7.3 Direct Sales
7.4 Modern Trade
7.5 Mono Brand Stores
7.6 Online Retailers
7.7 Specialty Stores
7.8 Other Distribution Channels
8 Global Skincare Devices Market, By Application
8.1 Introduction
8.2 Disease Diagnosis
8.3 Skin Treatment
8.3.1 Skin rejuvenation
8.3.2 Acne, psoriasis, and tattoo Removal
8.3.3 Body contouring and fat removal
8.3.4 Cellulite reduction
8.3.5 Vascular and pigmented lesion removal
8.3.6 Other Skin Treatments
8.4 Other Applications
9 Global Skincare Devices Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Clinics
9.4 Beauty Salon & Spa
9.5 Other End Users
10 Global Skincare Devices Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Alma Lasers
12.2 Fotona
12.3 Image Derm, Inc.
12.4 Ambicare Health
12.5 Aesthetic Group.
12.6 3Gen
12.7 Canfield Scientific, Inc.
12.8 Cutera
12.9 Solta Medical, Inc.
12.10 Cynosure, Inc.
12.11 Syneron Medical Ltd.
12.12 Panasonic Corporation
12.12 Shenzhen Mareal Technology Co. Ltd.
12.14 L’Oreal SA
12.15 Nu Skin Enterprises
12.16 PhotoMedex Inc.
12.17 Carol Cole Company, Inc.
12.18 Lumenis
12.19 TRIA Beauty inc.
List of Tables
1 Global Skincare Devices Market Outlook, By Region (2021-2030) ($MN)
2 Global Skincare Devices Market Outlook, By Product (2021-2030) ($MN)
3 Global Skincare Devices Market Outlook, By Diagnostic Devices (2021-2030) ($MN)
4 Global Skincare Devices Market Outlook, By Dermatoscopes (2021-2030) ($MN)
5 Global Skincare Devices Market Outlook, By Microscopes (2021-2030) ($MN)
6 Global Skincare Devices Market Outlook, By Biopsy devices (2021-2030) ($MN)
7 Global Skincare Devices Market Outlook, By Treatment Devices (2021-2030) ($MN)
8 Global Skincare Devices Market Outlook, By Light therapy devices (2021-2030) ($MN)
9 Global Skincare Devices Market Outlook, By Electrosurgical equipment (2021-2030) ($MN)
10 Global Skincare Devices Market Outlook, By Liposuction devices (2021-2030) ($MN)
11 Global Skincare Devices Market Outlook, By Microdermabrasion devices (2021-2030) ($MN)
12 Global Skincare Devices Market Outlook, By Cryotherapy devices (2021-2030) ($MN)
12 Global Skincare Devices Market Outlook, By Lasers (2021-2030) ($MN)
14 Global Skincare Devices Market Outlook, By Anti-Ageing Devices (2021-2030) ($MN)
15 Global Skincare Devices Market Outlook, By Cleansing Devices (2021-2030) ($MN)
16 Global Skincare Devices Market Outlook, By Skin Texture & Tone Enhancement Devices (2021-2030) ($MN)
17 Global Skincare Devices Market Outlook, By Other Products (2021-2030) ($MN)
18 Global Skincare Devices Market Outlook, By Type (2021-2030) ($MN)
19 Global Skincare Devices Market Outlook, By Women Skin Care Devices (2021-2030) ($MN)
20 Global Skincare Devices Market Outlook, By Unisex Skin Care Devices (2021-2030) ($MN)
21 Global Skincare Devices Market Outlook, By Men Skin Care Devices (2021-2030) ($MN)
22 Global Skincare Devices Market Outlook, By Other Types (2021-2030) ($MN)
23 Global Skincare Devices Market Outlook, By Distribution Channel (2021-2030) ($MN)
24 Global Skincare Devices Market Outlook, By Departmental Stores (2021-2030) ($MN)
25 Global Skincare Devices Market Outlook, By Direct Sales (2021-2030) ($MN)
26 Global Skincare Devices Market Outlook, By Modern Trade (2021-2030) ($MN)
27 Global Skincare Devices Market Outlook, By Mono Brand Stores (2021-2030) ($MN)
28 Global Skincare Devices Market Outlook, By Online Retailers (2021-2030) ($MN)
29 Global Skincare Devices Market Outlook, By Specialty Stores (2021-2030) ($MN)
30 Global Skincare Devices Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
31 Global Skincare Devices Market Outlook, By Application (2021-2030) ($MN)
32 Global Skincare Devices Market Outlook, By Disease Diagnosis (2021-2030) ($MN)
33 Global Skincare Devices Market Outlook, By Skin Treatment (2021-2030) ($MN)
34 Global Skincare Devices Market Outlook, By Skin rejuvenation (2021-2030) ($MN)
35 Global Skincare Devices Market Outlook, By Acne, psoriasis, and tattoo Removal (2021-2030) ($MN)
36 Global Skincare Devices Market Outlook, By Body contouring and fat removal (2021-2030) ($MN)
37 Global Skincare Devices Market Outlook, By Cellulite reduction (2021-2030) ($MN)
38 Global Skincare Devices Market Outlook, By Vascular and pigmented lesion removal (2021-2030) ($MN)
39 Global Skincare Devices Market Outlook, By Other Skin Treatments (2021-2030) ($MN)
40 Global Skincare Devices Market Outlook, By Other Applications (2021-2030) ($MN)
41 Global Skincare Devices Market Outlook, By End User (2021-2030) ($MN)
42 Global Skincare Devices Market Outlook, By Hospitals (2021-2030) ($MN)
43 Global Skincare Devices Market Outlook, By Clinics (2021-2030) ($MN)
44 Global Skincare Devices Market Outlook, By Beauty Salon & Spa (2021-2030) ($MN)
45 Global Skincare Devices Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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