Skincare Devices Market (Updated Version Available)
Skincare Devices Market Size, Share & Trends Analysis, By Product Type (Diagnostic Devices (Dermatoscope, Microscopes, and Others) and Treatment Devices (Light Therapy Devices, Lasers, and Others)), Application (Acne & Tattoo Removal, Hair Removal, Skin Rejuvenation, Cellulite Reduction, Body Contouring, and Others), End-use (Homecare, Dermatologist Clinic, Beauty Clinics, and Others), By Region, Forecast Period 2023 - 2030.
Report ID : RI_673917 | Date : July 2023 |
Format : 
Key Market Overview:
Skincare devises Market size was valued at USD 12,621.76 Million in 2022, registering a CAGR of 11.7% during the forecast period (2023-2030), and the market is projected to be worth USD 30,399.17 Million by 2030.
Skincare devices is a battery-operated or electronic device deployed for the treatment of hair removal, acne removal, and others. The major product types of skincare devices include dermatoscope, microscopes, light Therapy Devices, Lasers, and Others. The prime advantages associated with the above-mentioned products include a reduction in fine lines & wrinkles, simply achieving a deeper cleanse, improve skin texture and tone, and others. As a result, skincare devices are ideal for applications, including acne & tattoo removal, hair removal, skin rejuvenation, cellulite reduction, body contouring, and others. The growth of the cosmetics and personal care industry is a prime factor fostering the skincare devices market growth.
For instance, according to Accord Australasia, a cosmetics and personal care association in Australia, in 2019, the Australian cosmetics & personal care industry was valued at USD 26.06 billion, and in 2020 it was USD 26.3 billion, an increase of about 1%. Thus, the growth of the cosmetics and personal care industry is accelerating the demand for skincare devices to improve the overall health and appearance of the skin. This prominent factor is spurring the market growth.
Skincare Devices Market Report Coverage:
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Market Dynamics:
Driver:
The vital benefits associated with the utilization of skincare devices include helping in keeping the skin glowing, preventing acne, and others. For instance, according to International Trade Administration (ITA), in 2019, the cosmetics industry in China was valued at USD 46.2 billion, and in 2020, it was valued at USD 52.3 billion, an increase of 13%. Furthermore, the association anticipates that the skincare segment dominated the cosmetics industry in China, holding a share of about 51%. Therefore, the pro-government measures and favorable economic factors are driving the growth of the skincare industries at the global level. These factors are fostering the demand for skincare devices. As a result, the skincare devices market is registering growth at the global level.
Restraint:
Skincare devices such as lasers and light-based devices are vital for aesthetic dermatology practice. The rising popularity of the above-mentioned devices has been accompanied by a significant rise in the number of complications. Moreover, several novel approaches, including Red-Light Therapy, havent been researched appropriately for potential side effects and health risks. For instance, the short-term side effects of skincare devices include redness, post-treatment discomfort, and edema. Thus, the various side effects associated with the utilization of skincare devices is posing a major restraint for market growth at the global level.
Opportunities:
The leading industry players in the skincare devices market are substantially deploying an approach for innovations in skincare devices, which are utilized for rejuvenating the skin, improving skin conditions, and others. As a result of this, companies dealing in the skincare device product range are developing new products with updated new technology. Thus, the introduction of new products with upgraded technology will create a lucrative opportunity for the expansion of the global skincare devices market. For illustration, in January 2022, Loreal unveiled Unveil Perso, a skincare device equipped with artificial intelligence (AI) technology. Therefore, the innovations in skincare devices will create a prominent opportunity for the market during the projected forecast period.
Skincare Devices Market Segmentation:
By Product Type
The product type segment is classified into diagnostic devices and treatment devices. In 2022, the treatment devices segment accounted for the highest market share in the skincare devices market. The major types of treatment devices include light therapy devices, lasers, and others. These products ensure ease in oil gland generation. This prevents the hair follicle from clogging and causing acne. In addition, the above-mentioned products ease fine lines and make the skin softer. The rise in the cases of acne, increasing demand for hair removal laser devices, and others are some of the prominent factors prompting skincare devices to develop a new range of products. For instance, in January 2022, Lyma, headquarter in the United Kingdom launched an at-home laser device. Thus, the development of a new range of products is benefiting the adoption of treatment devices to ensure efficient skin treatment, thereby favoring market growth.
However, the diagnostic devices segment is projected to grow at the fastest CAGR during the forecast period. This is due to the rising product innovations associated with dermatoscope, which are favoring segment growth.
By Application
The application segment is categorized into acne, tattoo removal, hair removal, skin rejuvenation, cellulite reduction, body contouring, and others. In 2022, the acne, tattoo removal segment accounted for the highest market share in the skincare devices market. Skincare devices provide aid in stimulating collagen production and preventing the bacteria that cause acne breakouts. Furthermore, the deployment of laser devices for tattoo removal ensures a safe and effective solution. Thus, skincare devices are frequently utilized for the removal of acne & tattoo. For instance, according to the recent projections published by the American Academy of Dermatology Association, acne is considered a highly prevalent skin condition in the United States, affecting approximately 50 million people in the United States every year. Hence, the increasing prevalence of acne is accelerating the demand for skincare devices to kill bacteria. This, in turn, is driving the growth of the market.
However, the hair removal segment is expected to be the fastest-growing segment over the forecast period. The development of new skincare skins facilities, the growth in grooming habits, and others are vital determinants accelerating the growth of hair removal applications, thereby amplifying the skincare devices market demand.
By End Use
The end-use segment is categorized into the homecare, dermatologist clinic, beauty clinics, and others. In 2022, the dermatologist clinic segment accounted for the highest market share in the skincare devices market. Skincare devices are vital for dermatologist clinics for the efficient management of compromised and healthy skin. The primary use of skincare devices in dermatologist clinics is to ensure efficient removal of acne, cellulite reduction, body contouring, and others. For instance, in April 2022, Anceita Skin and Hair Clinic was launched in Hyderabad India. Anceita Skin and Hair Clinic is a new dermatologist clinic providing various skincare treatments such as acne removal, hair removal, and others. Hence, the launch of new dermatologist clinics at the global level is accelerating the demand for skincare devices to ensure the rejuvenation of skin, thereby driving the revenue growth of the market.
However, the beauty clinics segment is expected to be the fastest-growing segment over the forecast period. The development of new beauty clinics, the increasing female working population, and others are key trends accelerating the skincare devices demand growth in beauty clinics.
By Region:
By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, North America accounted for the highest market share in the skincare devices market. Vital factors such as the increasing adoption of skincare devices among men, the shifting focus of the consumers towards the increasing spending on skin treatments, and others are driving the growth of the skincare devices market in North America. For instance, according to the International Trade Administration (ITA), in 2021, the Canadian cosmetics and skincare market generated a revenue of USD 1.24 billion. In addition, the association anticipates that the cosmetics and skincare industry in Canada will register a year-on-year growth rate of 1.45% and will reach USD 1.8 billion by the end of 2024. Therefore, it is evident from the above data that the demand for skincare devices will continue to grow in North America in the upcoming years, thereby propelling market growth in the region.
Moreover, Asia Pacific is anticipated to be the fastest-growing region over the forecast period, owing to the development of new beauty clinics, the presence of major players in the market, and others.
Hardware Encryption Market Competitive Landscape:
The skincare devices market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
• Alma Lasers GmbH
• Cynosure, Inc.
• Cutera, Inc.
• Solta Medical, Inc.
• Image Derm, Inc.
• Fotona
• Rhafine
• Lumia
• Shandong Moonlight Electronics Tech Co., Ltd.
• YA-MAN Ltd.
Recent Developments
• In November 2022, Obagi, a leading player in the global skincare devices market launched a complementary skincare device Skintrinsiq in Ireland and the United Kingdom market. Hence, the launch of a new range of skincare devices with a focus on expanding the product offering in the global market is accelerating the growth of the market.
Skincare devises Market size was valued at USD 12,621.76 Million in 2022, registering a CAGR of 11.7% during the forecast period (2023-2030), and the market is projected to be worth USD 30,399.17 Million by 2030.
Skincare devices is a battery-operated or electronic device deployed for the treatment of hair removal, acne removal, and others. The major product types of skincare devices include dermatoscope, microscopes, light Therapy Devices, Lasers, and Others. The prime advantages associated with the above-mentioned products include a reduction in fine lines & wrinkles, simply achieving a deeper cleanse, improve skin texture and tone, and others. As a result, skincare devices are ideal for applications, including acne & tattoo removal, hair removal, skin rejuvenation, cellulite reduction, body contouring, and others. The growth of the cosmetics and personal care industry is a prime factor fostering the skincare devices market growth.
For instance, according to Accord Australasia, a cosmetics and personal care association in Australia, in 2019, the Australian cosmetics & personal care industry was valued at USD 26.06 billion, and in 2020 it was USD 26.3 billion, an increase of about 1%. Thus, the growth of the cosmetics and personal care industry is accelerating the demand for skincare devices to improve the overall health and appearance of the skin. This prominent factor is spurring the market growth.
Skincare Devices Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 30,399.17 Million |
| CAGR (2023-2030) | 11.7% |
| Base Year | 2022 |
| By Product Type | Diagnostic Devices (Dermatoscope, Microscopes, and Others) and Treatment Devices (Light Therapy Devices, Lasers, and Others) |
| By Application | Acne & Tattoo Removal, Hair Removal, Skin Rejuvenation, Cellulite Reduction, Body Contouring, and Others |
| By End-use | Homecare, Dermatologist Clinic, Beauty Clinics, and Others |
| By Geography |
|
| Key Players | Alma Lasers GmbH, Cynosure, Inc., Cutera, Inc., Solta Medical, Inc., Image Derm, Inc., Fotona, Rhafine, Lumia, Shandong Moonlight Electronics Tech Co., Ltd., and YA-MAN Ltd. |
Market Dynamics:
Driver:
The vital benefits associated with the utilization of skincare devices include helping in keeping the skin glowing, preventing acne, and others. For instance, according to International Trade Administration (ITA), in 2019, the cosmetics industry in China was valued at USD 46.2 billion, and in 2020, it was valued at USD 52.3 billion, an increase of 13%. Furthermore, the association anticipates that the skincare segment dominated the cosmetics industry in China, holding a share of about 51%. Therefore, the pro-government measures and favorable economic factors are driving the growth of the skincare industries at the global level. These factors are fostering the demand for skincare devices. As a result, the skincare devices market is registering growth at the global level.
Restraint:
Skincare devices such as lasers and light-based devices are vital for aesthetic dermatology practice. The rising popularity of the above-mentioned devices has been accompanied by a significant rise in the number of complications. Moreover, several novel approaches, including Red-Light Therapy, havent been researched appropriately for potential side effects and health risks. For instance, the short-term side effects of skincare devices include redness, post-treatment discomfort, and edema. Thus, the various side effects associated with the utilization of skincare devices is posing a major restraint for market growth at the global level.
Opportunities:
The leading industry players in the skincare devices market are substantially deploying an approach for innovations in skincare devices, which are utilized for rejuvenating the skin, improving skin conditions, and others. As a result of this, companies dealing in the skincare device product range are developing new products with updated new technology. Thus, the introduction of new products with upgraded technology will create a lucrative opportunity for the expansion of the global skincare devices market. For illustration, in January 2022, Loreal unveiled Unveil Perso, a skincare device equipped with artificial intelligence (AI) technology. Therefore, the innovations in skincare devices will create a prominent opportunity for the market during the projected forecast period.
Skincare Devices Market Segmentation:
By Product Type
The product type segment is classified into diagnostic devices and treatment devices. In 2022, the treatment devices segment accounted for the highest market share in the skincare devices market. The major types of treatment devices include light therapy devices, lasers, and others. These products ensure ease in oil gland generation. This prevents the hair follicle from clogging and causing acne. In addition, the above-mentioned products ease fine lines and make the skin softer. The rise in the cases of acne, increasing demand for hair removal laser devices, and others are some of the prominent factors prompting skincare devices to develop a new range of products. For instance, in January 2022, Lyma, headquarter in the United Kingdom launched an at-home laser device. Thus, the development of a new range of products is benefiting the adoption of treatment devices to ensure efficient skin treatment, thereby favoring market growth.
However, the diagnostic devices segment is projected to grow at the fastest CAGR during the forecast period. This is due to the rising product innovations associated with dermatoscope, which are favoring segment growth.
By Application
The application segment is categorized into acne, tattoo removal, hair removal, skin rejuvenation, cellulite reduction, body contouring, and others. In 2022, the acne, tattoo removal segment accounted for the highest market share in the skincare devices market. Skincare devices provide aid in stimulating collagen production and preventing the bacteria that cause acne breakouts. Furthermore, the deployment of laser devices for tattoo removal ensures a safe and effective solution. Thus, skincare devices are frequently utilized for the removal of acne & tattoo. For instance, according to the recent projections published by the American Academy of Dermatology Association, acne is considered a highly prevalent skin condition in the United States, affecting approximately 50 million people in the United States every year. Hence, the increasing prevalence of acne is accelerating the demand for skincare devices to kill bacteria. This, in turn, is driving the growth of the market.
However, the hair removal segment is expected to be the fastest-growing segment over the forecast period. The development of new skincare skins facilities, the growth in grooming habits, and others are vital determinants accelerating the growth of hair removal applications, thereby amplifying the skincare devices market demand.
By End Use
The end-use segment is categorized into the homecare, dermatologist clinic, beauty clinics, and others. In 2022, the dermatologist clinic segment accounted for the highest market share in the skincare devices market. Skincare devices are vital for dermatologist clinics for the efficient management of compromised and healthy skin. The primary use of skincare devices in dermatologist clinics is to ensure efficient removal of acne, cellulite reduction, body contouring, and others. For instance, in April 2022, Anceita Skin and Hair Clinic was launched in Hyderabad India. Anceita Skin and Hair Clinic is a new dermatologist clinic providing various skincare treatments such as acne removal, hair removal, and others. Hence, the launch of new dermatologist clinics at the global level is accelerating the demand for skincare devices to ensure the rejuvenation of skin, thereby driving the revenue growth of the market.
However, the beauty clinics segment is expected to be the fastest-growing segment over the forecast period. The development of new beauty clinics, the increasing female working population, and others are key trends accelerating the skincare devices demand growth in beauty clinics.
By Region:
By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In 2022, North America accounted for the highest market share in the skincare devices market. Vital factors such as the increasing adoption of skincare devices among men, the shifting focus of the consumers towards the increasing spending on skin treatments, and others are driving the growth of the skincare devices market in North America. For instance, according to the International Trade Administration (ITA), in 2021, the Canadian cosmetics and skincare market generated a revenue of USD 1.24 billion. In addition, the association anticipates that the cosmetics and skincare industry in Canada will register a year-on-year growth rate of 1.45% and will reach USD 1.8 billion by the end of 2024. Therefore, it is evident from the above data that the demand for skincare devices will continue to grow in North America in the upcoming years, thereby propelling market growth in the region.
Moreover, Asia Pacific is anticipated to be the fastest-growing region over the forecast period, owing to the development of new beauty clinics, the presence of major players in the market, and others.
Hardware Encryption Market Competitive Landscape:
The skincare devices market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
• Alma Lasers GmbH
• Cynosure, Inc.
• Cutera, Inc.
• Solta Medical, Inc.
• Image Derm, Inc.
• Fotona
• Rhafine
• Lumia
• Shandong Moonlight Electronics Tech Co., Ltd.
• YA-MAN Ltd.
Recent Developments
• In November 2022, Obagi, a leading player in the global skincare devices market launched a complementary skincare device Skintrinsiq in Ireland and the United Kingdom market. Hence, the launch of a new range of skincare devices with a focus on expanding the product offering in the global market is accelerating the growth of the market.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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