PUBLISHER: Meticulous Research | PRODUCT CODE: 1504237
PUBLISHER: Meticulous Research | PRODUCT CODE: 1504237
The skincare devices market is projected to reach $34.86 billion by 2031, at a CAGR of 11.8% from 2024 to 2031.
Following a comprehensive primary and secondary study and an in-depth analysis of the market scenario, this report provides the key drivers, constraints, challenges, and opportunities of the industry. This market is driven by the growing importance of personal grooming & evolution of skincare, reluctance to use facial care products due to the presence of toxic & harmful chemicals, increasing demand for non-invasive procedures, and high spending on personal care.
Furthermore, the growing penetration of e-commerce and technological advancements in skincare devices provide a significant growth opportunity for this market. However, the high cost of skincare devices and the availability of alternate approaches may restrain the growth of this market. Additionally, safety concerns about using skincare devices and performance and efficiency concerns with laser devices pose a major challenge for the players operating in this market.
Among types, in 2024, the therapeutic devices segment is expected to account for the largest share of 78.4% of the skincare devices market. Therapeutic skincare devices are used for various treatments, including cleansing, rejuvenation, skin tightening, and hair removal. The significant growth in this segment can be attributed to several factors: an increasing number of skincare tool manufacturers, rising awareness of personal grooming among men and women, a growing number of aesthetic, non-surgical, and non-invasive procedures, reduced appearance of skin wrinkles, portability, and user-friendly designs.
Among price ranges, in 2024, the mid-range segment is expected to account for the largest share of the skincare devices market. While buying skincare devices, consumers look for a balance between the quality and the price of products. The products and devices available in the mid-range price ranges are affordable and provide good quality, appealing to customers to buy these products. Furthermore, the rising awareness of skincare, the need to maintain good skin, and rising disposable incomes contribute to the large share of the market.
Among applications, in 2024, the acne and pigmentation removal segment is expected to account for the largest share of the skincare devices market. Acne and pigmentation are conditions that cause dark spots to appear on the skin. These conditions can manifest as superficial pigmentation, frictional pigmentation, or deep pigmentation. Skincare treatments for these issues include microneedling, laser peeling, IPL therapy, microdermabrasion, and LED light treatment, among others. The growth in this segment is driven by factors such as the high prevalence of pigmentation and acne, increasing awareness of grooming practices, growing emphasis on facial aesthetics, rising popularity of skincare treatments among consumers, and the availability of minimally invasive procedures.
Among end users, in 2024, the skincare clinics segment is expected to account for the largest share of the skincare devices market. Skincare clinics are the clinics that majorly perform dermatological and cosmetic procedures. The large share of the segment is attributed to factors such as the growing number of skincare clinics, affordable rates of skincare treatments, the rising popularity of certain skincare procedures such as skin tightening and skin rejuvenation, the need to maintain skin and seem young, and growing variety of skincare devices.
An in-depth analysis of the geographical scenario of the skincare devices market provides detailed qualitative and quantitative insights for the five major geographies (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America) along with the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of 39.5% of the skincare devices market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The large share of the segment is primarily due to the high disposable income in this region, high spending on personal care, rising awareness for personal grooming, rising number of skincare clinics & specialists, and the growing number of non-surgical aesthetic procedures. For instance, according to the U.S. Bureau of Labor Statistics, the employment of skincare specialists is projected to grow 9% from 2022 to 2032.
The key players operating in the skincare devices market are Lumenis Ltd. (Israel), Alma Lasers GmbH (Germany), Cutrea, Inc. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Syneron Medical Ltd. (Israel), Cynosure, Inc. (U.S.), Canfield Scientific, Inc. (U.S.), Solta Medical International, Inc. (U.S.), Image Derm, Inc. (U.S.), Nu Skin Enterprises, Inc. (U.S.), Illuco (U.S.), Aesthetics Biomedical, Inc. (U.S.), Medtronic plc (Ireland), DermaSensor, Inc. (U.S.), FOREO (Sweden), Ay Plus Beauty Equipment Co., Ltd. (China), and Comper Healthcare (China).
Skincare Devices Market-by Type
(Other therapeutic devices include ultrasound devices, steam therapy devices, derma stones, epilators, cleansing devices, toning devices, and anti-aging devices)
(Other diagnostic devices include wearable skincare devices and skin imaging systems, among others)
Skincare Devices Market-by Price Range
Skincare Market-by Gender
Skincare Devices Market-by Application
Skincare Devices Market-by End User
Skincare Devices Market-by Geography
(*Note: SWOT analysis will be provided for the top 5 players only)