Today the skincare market is filled with products and devices that help people take care of their skin. Skincare devices consist of various aesthetic applications for the augmentation of the body’s and skin’s appearance.
Over the past few years, the popularity of skin care devices and cosmetic procedures has increased among consumers. Moreover, the demand for cosmetic procedures such as skin tightening, skin rejuvenation, liposuction, and body contouring has been constantly on the rise across the globe. The global skincare devices market is set for rapid expansion due to the increasing geriatric population. Nations in emerging markets are expected to offer cost-effective yet world-class medical tourism solutions, thus leading to an increasing adoption of skin treatments.
Ease of Use to Drive Growth of Lasabrasion Devices Segment
Factors such as substitutes for skin care treatments, OTC skin care products, and home skin care devices are expected to impact the growth of the global skincare devices market in the near future. However, with advancements in technology, leading players are expected to concentrate on the introduction of enhanced skincare devices for LED therapy, microdermabrasion, cryotherapy, lasabrasion, liposuction, and electrosurgery. In 2014, LED therapy devices registered the maximum demand. Going forward, the lasabrasion devices segment is predicted to expand at an 11.0% CAGR from 2015 to 2023.
Hair removal, damage repair, disease diagnosis, disease treatment, cellulite reduction, and body contouring are some of the applications of skincare devices. The growing applications of skincare devices are also predicted to propel the global market in the near future. In 2014, the cellulite reduction segment accounted for a dominant share of 24.3% in the global skincare devices market. The cellulite reduction segment is expected to maintain its dominance in the years to come due to the increasing acceptance of non-invasive procedures for fat removal and the constant rise in obesity.
With a Market Worth US$3.22 bn in 2014, North America to Maintain Dominance in Future
The global skincare devices market is segmented on the basis of region, application, and type of product. By region, the global skincare devices market is divided into North America, Europe, Asia Pacific, and Rest of the World. In 2014, the North America skincare devices market stood at US$3.22 bn. The presence of many leading players is expected to propel the North America skincare devices market in the near future.
Browse Full Global Skincare Devices Market Report with TOC :http://www.mrrse.com/skincare-devices-market
Alma Lasers Ltd., Cynosure, Inc., GE Healthcare, Michelson Diagnostics, Solta Medical, Inc., Syneron Medical Ltd., Cutera, Inc., Human Med AG, Lumenis Ltd., and PhotoMedex are some of the prominent players operating in the global skincare devices market.
Going forward, leading players are expected to concentrate on introducing new skincare devices, which would be able to offer effective skincare diagnosis and treatments. Also, the entry of new companies is expected to make the global skincare devices market highly competitive in the years to come.