Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Dermatology refers to the science of diagnosis and treatment of skin abnormalities and disorders. Skincare devices are used in diagnosis and treatment of diseases such as eczema, psoriasis, acne, rosacea, ichthyosis, vitiligo, hives, seborrheic dermatitis, and others.

Statistics:

The global skincare devices market is estimated to account for US$ 25,533.7 Mn in terms of value by the end of 2027.

Global Skincare Devices Market: Drivers

Increasing prevalence of skin disorders is expected to propel growth of the global skincare devices market over the forecast period. For instance, according to Global Polaris Atlas Annual Report 2018-2019, the annual incidence rate of psoriasis was 280 per 100,000 person-years during 2017 and the prevalence of the disease witnessed an increasing trend (from 2.5% in 2011 to 3.9% in 2017). 

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.  

Statistics:

North America held dominant position in the global skincare devices market in 2019, accounting for 44.1% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Skincare Devices Market Share (%) Value, By Region, 2019

Skincare Devices  | Coherent Market Insights

Global Skincare Devices Market: Restraints

High cost of procedures is expected to hinder growth of the market. For instance, according to the American Society of Plastic Surgeons (ASPS), the average cost of ablative laser skin resurfacing ranges from US$ 2,000 to US$ 25,000.

Moreover, lack of insurance for LED light therapy is also expected to limit growth of the market.

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Skincare Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 11,752.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 10.2% 2027 Value Projection: US$ 25,533.7 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type: Diagnostic, Treatment.
  • By Application: Disease Diagnosis/Treatment, Skin Rejuvenation (Wrinkles, Sun, Acne), Hair Removal, Cellulite (fat) Reduction, Skin Tightening & Body Contouring, Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal).
Companies covered:

Alma Lasers, Ltd., InMode Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Hologic, Inc., Michelson Diagnostics Ltd., PhotoMedex, Inc., Solta Medical International Inc., and Syneron Medical Ltd

Growth Drivers:
  • Increasing prevalence of skin diseases
  • Increasing product launch
Restraints & Challenges:
  • High cost of skin treatment procedures

Global Skincare Devices Market: Opportunities 

Significant growth in medical tourism in emerging economies is expected to offer lucrative growth opportunities for players in the global skincare devices market. For instance, according to India Brand Equity Foundation’s January 2019 release, the estimated Foreign Tourist Arrivals (FTAs) in India on medical purpose during the years 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.   

Moreover, geographical expansion of market players is also expected to aid in growth of the market. For instance, in October 2019, InMode Ltd. completed the establishment of two new subsidiaries in the Asia Pacific region - InMode India, located in Delhi, and InMode Australia, located in Sydney.

Statistics:

The global skincare devices market was valued at US$ 11,752.2 Mn in 2019 and is forecast to reach a value of US$ 25,533.7 Mn by 2027 at a CAGR of 10.2% between 2020 and 2027.

Figure 2: Global Skincare Devices Market Value (US$ Mn), 2016 – 2027

Skincare Devices  | Coherent Market Insights

Market Trends/Key Takeaways

The market is witnessing increasing preference for nonsurgical cosmetic treatments among men. For instance, in June 2019, RealSelf, an online resource to learn about aesthetic procedures and connect with the doctors who provide them, reported 6% increase in the number of men researching for nonsurgical cosmetic treatments in 2019, compared to 2018.

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in January 2020, InMode Ltd. launched Evoke, a non-invasive, RF-based platform for facial remodeling. It is a hands-free device that addresses patient aesthetic concerns with uniform and controlled heating of the skin and subdermal tissue. 

Global Skincare Devices Market: Competitive Landscape

Major players operating in the global skincare devices market include, Alma Lasers, Ltd., InMode Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Hologic, Inc., Michelson Diagnostics Ltd., PhotoMedex, Inc., Solta Medical International Inc., and Syneron Medical Ltd.

Global Skincare Devices Market: Key Developments

Major players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in March 2020, Lumenis Ltd. launched Stellar M22 used for the treatment of vascular lesions, skin texture, tone, and hair removal.

Major players in the market are also focused on investing R&D to expand their product portfolio. For instance, in February 2019, Alma Lasers launched new innovation center in Caesarea industrial park, Israel.

Skincare Devices are used diagnosis and treatment of skin abnormalities and disorders such as eczema, psoriasis, acne, rosacea, ichthyosis, vitiligo, hives, seborrheic dermatitis, and others. Increasing prevalence of skin disorders, and new product approval is expected to drive the market growth during the forecast period. Furthermore, increasing demand for minimally invasive procedures along with increasing demand for aesthetic procedures is also anticipated to assist the market growth.

Key features of the study:

  • This report provides in-depth analysis of the Global Skincare Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Skincare Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Alma Lasers, Ltd., InMode Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Hologic, Inc., Michelson Diagnostics Ltd., PhotoMedex, Inc., Solta Medical International Inc., and Syneron Medical Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Skincare Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Skincare Devices market

Detailed Segmentation:

  • Global Skincare Devices Market, By Product Type:
    • Diagnostic
    • Treatment
  • Global Skincare Devices Market, By Application:
    • Disease Diagnosis/Treatment
    • Skin Rejuvenation (Wrinkles, Sun, Acne)
    • Hair Removal
    • Cellulite (fat) Reduction
    • Skin Tightening & Body Contouring
    • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
  • Global Skincare Devices Market, By Region:
    • North America
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Diagnostic
        • Treatment
      • By Application
        • Disease Diagnosis/Treatment
        • Skin Rejuvenation (Wrinkles, Sun, Acne)
        • Hair Removal
        • Cellulite (fat) Reduction
        • Skin Tightening & Body Contouring
        • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Alma Lasers, Ltd. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • InMode Ltd.
    • Cutera, Inc.
    • Cynosure, Inc.
    • Lumenis, Ltd.
    • Hologic, Inc.
    • Michelson Diagnostics Ltd.
    • PhotoMedex, Inc.
    • Solta Medical International Inc.
    • Syneron Medical Ltd.
  • “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
    • Impact f COVID19 on the market
  4. Global Skincare Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Diagnostic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Skincare Devices Market, By Application, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Disease Diagnosis/Treatment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Skin Rejuvenation (Wrinkles, Sun, Acne)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Hair Removal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cellulite (fat) Reduction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Skin Tightening & Body Contouring
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Damage Repair (Vascular & Pigmented Lesions, Tattoo Removal)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Skincare Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Alma Lasers, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • InMode Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cutera, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cynosure, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Lumenis, Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Hologic, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Michelson Diagnostics Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • PhotoMedex, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Solta Medical International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Syneron Medical Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Skincare Devices Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Skincare Devices market size was valued at US$ 11,752.2 million in 2019 and is estimated to exhibit a CAGR of 10.2% between 2020 and 2027b.
Treatment segment held the major market share in 2019 owing to an increasing product approvals, and increasing prevalence of skin disorders.
Major factor driving the growth of Global Skincare Devices market during the forecast period and increasing prevalence of skin disorders, increasing demand for pharmaceutical products , and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Skincare Devices market during the forecast period constitutes of high cost of procedures.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Alma Lasers, Ltd., InMode Ltd., Cutera, Inc., Cynosure, Inc., Lumenis, Ltd., Hologic, Inc., Michelson Diagnostics Ltd., PhotoMedex, Inc., Solta Medical International Inc., and Syneron Medical Ltd.
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