Skincare Devices Market 2018-2024, Current Market Conditions and Future

Posted by Yash Chauhan on February 26th, 2019

Global skincare devices market was valued at USD 8.2 billion in 2017. Different types of diagnostic and treatment devices contributed to the skincare devices market size. The market has witnessed a high demand for diagnostic devices for skin diseases over the last few years due to the increasing awareness regarding the diagnosis of skin disorders.

Skincare devices have classified into diagnostic devices and treatment devices. Treatment devices being used more in comparison to the diagnostic devices and also generated larger revenue for market players. Diagnostic devices market is further segmented into three types biopsy devices, dermatoscopes, and image-guided systems.

Skincare treatment devices market is classified into electrosurgical devices, laser devices, liposuction devices, light-based devices, cryotherapy devices, microdermabrasion devices, and other treatment devices. All these devices laser devices market is growing at the highest CAGR and expected to maintain the highest demand in skin care devices market during the forecast period.

Globally companies are leveraging market growth through the usage of e-commerce. Consumers friendly e-commerce or through online channels of distribution can easily access these devices. Self-use skincare devices and hand-held devices have seen the maximum growth in demand through an e-commerce platform. In the coming years also, industry players are anticipated to investing the direct marketing and sales of their products.

North America is the largest skincare devices market as the region is home to per capita was ,949.9 in 2010 and it increased to ,535.9 by 2015.large number of industry players and also has the highest healthcare expenditure globally.

In the skincare devices industry key companies are  Michelson Diagnostic Ltd., Merz Pharma GmbH & Co. KGaA, Alma ., Lasers Ltd., Lumenis Ltd., Hologic Inc., PhotoMedex Inc., Valeant Pharmaceuticals International Inc., Galderma SA, Beijing Toplaser Technology Co Ltd., And Panasonic Corporation are the key players offering skincare products in the market.

Source: VynZ Research