Skin Care Devices Market Update: Exceeding Expectations of Key Players That Shows Promising Future
Seattle, WA -- (SBWIRE) -- 11/25/2019 -- Skincare devices are becoming popular due to the rising incidences of skin-related disorders. Additionally, they are widely used in aesthetics, which is a branch of philosophy dealing with beauty. 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 ailments.
The global skincare devices market is expected to grow in the future, due to the increasing rate of skin-related disorders, worldwide. Technological advancement in designing these devices, which are highly efficient and growing preference for them due to non-invasive procedures are the key drivers for the growth of this market. Additionally, rise in the demand for aesthetic processes such as skin rejuvenation, skin tightening, body contouring and liposuction will also drive the growth of the skincare devices market in the future.
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Some major factors that are driving the market are manufacturing of more advanced and affordable devices such as ultrasonic and exfoliating devices. Surging demand for aesthetic procedures such as body contouring, skin tightening, and skin rejuvenation and rising consumer awareness levels and acceptance rates for non-invasive and minimal treatments are likely to provide a fillip to the market.
Furthermore, growing prevalence of assorted disorders such as warts, psoriasis, acne, dermatitis, lesions, and moles, particularly in emerging markets of Brazil, China and India, is anticipated to benefit the overall market.
Diagnostic skincare devices market is further segmented into biopsy devices, dermatoscopes, image-guided systems, and others. Of all these diagnostic devices, image-guided systems market is anticipated to observe the highest CAGR during the forecast period.
On the basis of distribution channel, indirect channel holds a larger share in the skincare devices market due to the dominance of conventional distribution network of wholesalers and retailers.
On the basis of application, the skincare devices market is segmented into disease diagnosis and treatment, hair removal, skin rejuvenation, cellulite reduction, body contouring and skin tightening, and other applications.
The skincare devices market is geographically segmented into North America, Europe, Asia Pacific and LAMEA. North America has the largest share among the regions due to the presence of high income consumers and technological advancements in various medical services. Furthermore, Asia-pacific has the highest growth rate due to the growing number of disposable incomes resulting from consumer expansion in this market. Additionally, the emerging economies are growing due to the presence of several local manufacturers which provide cost-effective services and novel products.
Cutera Inc., Alma Lasers, Ltd., Cynosure Inc., Michelson Diagnostics Ltd., Lumenis Ltd., Palomar Medical Technologies, Solta Medical, Inc., Photomedex Inc. and Syneron Medical Ltd.
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