The Global Skin
Rejuvenation Devices Market, by Products (Laser Devices ,Intense Pulsed
Light Devices, Radiofrequency Devices ,Ultrasound Devices, LED Devices,
Mechanical Energy Devices), by End User (Dermatology Clinics, Beauty Centers
and Others), and by Region (North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa) was valued at US$ 1,478 million in 2017, and is
projected to exhibit a CAGR of 9.3% over the forecast period (2018 – 2026).
Skin rejuvenation procedures are
highly preferred in order to make visual appearance appealing and gain
confident body language. They are rapidly emerging as alternative to
chemical-based treatment or pharmacological treatment to treat various skin
problems such as wrinkles, dark circles, facial lines, pigmentation, scars,
stretch marks, acne, dry and itchy skin, and age spots. According to 2017,
Plastic Surgery Statistics Report by American Society for Plastic Surgeons,
around 587,903 and 586,662 laser skin resurfacing procedures were reported in
the U.S. in 2017 and 2016 respectively. According to same source, around
740,287 microdermabrasion procedures were reported in 2017, such high number of
skin rejuvenation procedures are expected to drive growth of the skin
rejuvenation devices market. Same source quotes that there is 186% rise in
cosmetic minimally invasive procedures during 2000 to 2017 that shows enormous
preference for such procedures. According to the American Society for Aesthetic
Plastic Surgery’s national data bank, the U.S. spent US$ 2,332,965,407 in 2015,
on skin rejuvenation procedures of which significant amount is expected to be
spent on device.
Furthermore, increased aging
population worldwide especially in developed economies and increased disposable
income of population in emerging economies such as China, India, and Brazil are
expected to fuel growth of the market. Indian Market is expected to witness
significant growth due to medical tourism prospects into the country from cost
competitiveness and skilled human resource in medical and cosmetic procedure
sector. For instance, according to a statistics, India issued more than 0.17
million medical visas in 2016, including for follow up treatment, as against
0.12 million in 2015. According to the International Society of Aesthetic
Plastic Surgery (ISAPS) report, in 2016, the top five countries – the U.S.,
Brazil, Japan, Italy, and Mexico – accounted for around 41.4% of the world’s
cosmetic procedures, followed by Russia, India, Turkey, Germany, and France.
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New product launches and
acquisitions by key players are expected to drive growth of the skin
rejuvenation devices market
Key players are launching
innovative products in the endoscopy market on order to maintain leading
position in market. These new products address the various needs such minimum
invasion and efficient performance for skin rejuvenation treatment. For
instance, in 2016, BISON MEDICAL launched its ACCENTO long pulse alexandrite
laser device. It has two designs based on wavelength such as single accento 755
nm and accento dual with 755 and 1064 nm. It is indicated for dermatology
application. In January 2018, Cutera, Inc. launched Juliet and Secret RF to its
product offerings of laser and energy-based device. Market players are
acquiring companies that could complement and add to product portfolio and
could expand geographical presence. In March 2017, Hologic, Inc. acquired
Cynosure, Inc., which is a developer, manufacturer and supplier of a broad
array of light-based aesthetic and medical treatment systems.
Browse 22 Market Data Tables and
18 Figures spread through 175 Pages and in-depth TOC on “Skin Rejuvenation
Devices Market”- by Products (Laser Devices, Intense Pulsed Light Devices,
Radiofrequency Devices, Ultrasound Devices, LED Devices, Mechanical Energy
Devices), by End User (Dermatology Clinics, Beauty Centers and Others), and by Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa)
Key Takeaways of the Skin
Rejuvenation Devices Market:
The global skin rejuvenation
devices market is expected to exhibit a CAGR of 9.2% over the forecast period,
owing to increasing adaptation of the minimally invasive skin procedures with
the help of various devices such as laser device and energy-based device.
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Report: https://www.coherentmarketinsights.com/market-insight/skin-rejuvenation-devices-market-2010
Among product type, intense pulse
light devices segment is expected to hold dominant position due to higher
number of procedures performed annually with this devices. However, laser
devices segment is expected to exhibit high CAGR over rest of the products due
to several new product launched in recent past and faster adoption of these
devices by dermatologist.
Among end users, dermatology
clinic segment is expected to hold largest market share due to availability of
skin rejuvenation devices in the dermatology premises, skilled human resources,
and increased awareness among consumer regarding dermatology treatment.
North America is expected to be
the dominant region in the skin rejuvenation devices market, followed by Latin
America. The U.S. spends highest amount on the cosmetic skin rejuvenation
procedures in the world. Key players are also launching new products into
market, which is expected to propel growth of market in the region.
Furthermore, Asia pacific is expected to exhibit highest CAGR due to rising
disposable income thereby spending over cosmetic procedures.
Key players operating in the skin
rejuvenation devices market include Cutera Inc., Hologic, Inc., Lutronic
Corporation, Syneron Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc.,
BISON MEDICAL, Solta Medical Inc., Lynton Lasers Ltd., and EL.En. S.p.A.,
Sciton, Inc., Fotona D.O.O., and Alma Lasers, Ltd.
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