Dermatoscopes, image guidance
systems, and biopsy devices are used for the diagnosis of skin diseases,
whereas lasabrasion devices, microdermabrasion devices, electrosurgical
devices, liposuction devices, cryotherapy devices, and LED therapy devices are used
for the treatment of skin diseases.
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 focus on aesthetic
appeal is expected to propel growth of the global skincare devices market over
the forecast period. For instance, according to a 2018 survey by GlobalData,
around three quarters of South Korean men undertake a beauty or grooming treatment
at least once a week.
Global Skincare Devices Market:
Opportunities
R&D in minimally invasive
device for wound treatment is expected to offer lucrative growth opportunities
for players in the global skincare devices market. For instance, in December
2019, Misonix, Inc., a manufacturer of minimally invasive ultrasonic medical
devices used for precise bone sculpting, removal of soft and hard tumors and
tissue debridement, announced publication of two new large real-world studies
proving the clinical effectiveness of its all human split thickness skin
allograft TheraSkin for the treatment of complex wounds.
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Global Skincare Devices Market:
Restraints
Side effects and limitations of
cryotherapy are expected to hinder growth of the market. Individuals with
hypertension, heart disease, seizures, anemia, pregnancy, and claustrophobia
are not advised to use cryotherapy. Redness or skin irritation, an allergic
reaction to the cold, frostbite, or skin burns are some of the side effects of
the procedure.
Key Takeaways:
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. Increasing
focus on aesthetic appeal is expected to propel growth of the global skincare
devices market over the forecast period
Cellulite (fat) Reduction segment
held dominant position in the global skincare devices market in 2019,
accounting for 24.7% share in terms of value, followed by hair removal and skin
tightening & Body Contouring, respectively. Increasing demand for minimally
invasive procedures is expected to assist the market growth.
Market Trends
Major players in the market are
focused on approval and launch of new technologies to expand their product
portfolio. For instance, in October 2019, InMode Ltd. received Health Canada
Certification for AccuTite, a minimally invasive technology that delivers RF
heating.
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Major players in the market are
also focused on adopting M&A strategies to expand their product portfolio.
For instance, in December 2018, Alma Lasers acquired Medical Nova, an aesthetic
distributors of technology-based devices in Israel
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
January 2020: Lumenis Ltd.
launched LightSheer Quattro, a laser hair removal platform
2018: Syneron Medical Ltd. received the U.S. FDA
clearance for its Vbeam Prima system with an advanced 595nm pulsed dye laser
and 1064nm wavelength
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