According to our latest study on “Skincare Treatment Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Distribution Channel and End User,” the market is expected to grow from US$ 10,898.26 million in 2021 to US$ 23,378.96 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market.
Some Top Company Profiles operating in the Skincare Treatment Devices Industry- Allergan; Cutera; Merz Pharma; Hologic, Inc.; Candela Corporation; Panasonic Corporation; Michelson Diagnostics Ltd.; Bausch Health Companies, Inc.; Lumenis BE Ltd.; and Photomedex Inc. are among the leading companies operating in skincare treatment devices market.
North America held a significant market share in the skincare treatment devices market. The growth is attributed to various factors such as increase in geriatric population which has created the demand for skin rejuvenation, skin tightening and antiaging treatments for healthy, glowing and young-looking skin. Additionally, the changing beauty industry and standards has increased the demand for home use skincare treatment devices for acne, wrinkles, and signs of aging. Thus, all the discussed factors are driving the skincare treatment devices market.
The rising prevalence of various disorders such as dermatitis, acne, psoriasis, and other skin anomalies such as warts, moles, and lesions is creating the demand for skincare treatment devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million Americans annually. Thus, a surge in such acne conditions is creating the need for skincare treatment devices. Additionally, changing beauty standards and the beauty industry are creating the demand for skincare treatment devices, thereby driving the skincare treatment devices market.
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On the other hand, the rise in consumer awareness about skincare treatments is increasing medspas and skin clinics to provide affordable skin treatments for various skin conditions, thereby boosting the demand for skincare treatment devices. Furthermore, the increase in technological advancements and surge in R&D activities are leading to the launch of new and innovative devices for skincare treatments, thereby propelling the overall skincare treatment devices market share.
TABLE OF CONTENTS
- INTRODUCTION
- KEY TAKEAWAYS
- RESEARCH METHODOLOGY
- MARKET LANDSCAPE
- MARKET – KEY MARKET DYNAMICS
- MARKET – GLOBAL MARKET ANALYSIS
- MARKET – REVENUE AND FORECASTS TO 2028 – TYPE
- MARKET – REVENUE AND FORECASTS TO 2028 – APPLICATION
- MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
- INDUSTRY LANDSCAPE
- MARKET, KEY COMPANY PROFILES
- APPENDIX
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