Skincare Devices Market Research, 2032
The global skincare devices market size was valued at $14.3 billion in 2022, and is projected to reach $38.8 billion by 2032, growing at a CAGR of 10.5% from 2023 to 2032. The skincare devices market growth is driven by an increase in trend toward minimally invasive surgeries, rise in geriatric population, and surge in awareness about beauty and skincare. Technologically advanced skincare devices offer non-surgical or minimally invasive alternatives to various skincare procedures. For instance, laser devices are widely used for skin resurfacing and rejuvenation without the need for extensive surgical procedures. In addition, microdermabrasion devices provide a minimally invasive way to exfoliate and improve skin texture. Thus, the increase in patient preference towards non-surgical procedures is a major driver for the skincare devices market. For instance, according to American Society of Plastic Surgeons (ASPS), about 13.2 million minimally cosmetic invasive procedures were performed in 2020.
- By product type, treatment devices segment dominated the global market in 2022.
- By application, skin treatment segment dominated the global market in 2022.
- By end user, the dermatology clinics segment dominated the global market in 2022.
- The North America region dominated the market in terms of revenue in 2022.
- Asia-Pacific region is expected to register the highest CAGR during the forecast period.
Electronic devices intended to optimize and improve skincare regimens are called as skincare devices. These devices treat a range of skin issues by utilizing cutting-edge technologies such as microcurrents, LED lights, and ultrasonic waves. LED therapy masks, microdermabrasion equipment, and lasers are majorly used skincare devices. These devices aim to improve the effectiveness of skincare products and stimulate collagen production for healthier skin. Some devices target skin that is prone to acne or anti-aging, while others concentrate on deep cleansing and exfoliation. These devices are used for the disease diagnosis, hair removal, skin rejuvenation and resurfacing, acne, scar, and tattoo removal, and in other skincare procedures.
The growth of skincare devices market is driven by an increase in use of technologically advanced skincare devices over traditional surgical devices and rise in consumer awareness. Increase in awareness about skincare routines, the importance of maintaining healthy skin, and the availability of advanced technological solutions are driving the adoption of skincare devices. For instance, the development of LED therapy masks, such as the Dr. Dennis Gross SpectraLite FaceWare Pro, is widely promoted for its potential in addressing skin concerns such as acne and signs of aging through light therapy. In addition, rise in old age population and increase in skin diseases also contribute towards the market growth. As individual ages, there is a significant need to maintain youthful and healthy skin, which leads to surge in demand for skincare devices that address age-related concerns. For instance, microcurrent devices such as NuFACE Trinity is majorly used for non-invasive skin tightening.
In addition, surge in prevalence of skin diseases drives the demand for diagnostic and treatment devices. For instance, according to American Academy of Dermatology Association (AAD), about 50 million peoples are affected by acne in the U.S. every year. Thus, rise in incidence of acne has led to a surge in demand for skincare devices such as LED therapy masks and blue light devices, which reduce inflammation. Further, growth of the skincare devices market is expected to be driven by increase in popularity and adoption of home-based skincare devices, rise in disposable income, and surge in emphasis on the skin health.
However, high cost of skincare devices, limited access in low-income countries, and dearth of skilled dermatologists limit the growth of the skincare devices market. High costs of skincare devices create barriers that restrict their adoption in smaller facilities. Thus, limited access to costly skincare devices hampers the market growth.
On the other hand, development of advanced treatment devices is expected to create skincare devices market opportunity for the market growth during the forecast period. This shift toward conventional devices has paved way for the development of technologically advanced home-based portable skincare devices. Thus, development of technologically advanced skincare devices are expected to create lucrative opportunities for the growth of the skincare devices market size during the forecast period.
The ongoing global economic recession influences several industries, including the medical technology industry, which has an impact on the skincare devices market. During a recession, the medical technology industry is moderately impacted due to an increase in cost for healthcare providers, supplies, and instruments. Furthermore, decrease in consumer spending on devices and high cost of skincare devices further restrain the market growth. Despite these challenges, the skincare devices market continues to experience moderate revenue growth owing to technological advancement in laser and LED devices and increase in prevalence of skin diseases. Thus, the skincare devices market is moderately impacted by the economic recession.
The skincare devices industry is segmented on the basis of product type, application, end user, and region. On the basis of product type the market is classified into diagnostic devices and treatment devices. The diagnostic devices segment is further segmented into dermatoscopes, imaging devices, and biopsy devices. The treatment devices segment is further divided into light therapy devices, lasers, electrosurgical equipment, liposuction devices, microdermabrasion devices, and others. On the basis of application, the market is categorized into disease diagnosis and skin treatment. The skin treatment segment is further classified into hair removal, skin rejuvenation and resurfacing, acne, scar, and tattoo removal, body contouring and skin tightening, and others. On the basis of end user, the market is divided into dermatology clinics, salons and spas, and others.
Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
By Product Type
The skincare devices market is segmented into diagnostic devices and treatment devices. The treatment devices segment accounted for the largest skincare devices market share in 2022 and is expected to remain dominant during the forecast period. This is attributed to the increase in use of lasers, microdermabrasion devices for various procedures such as hair removal, body contouring, and skin resurfacing.
The skincare devices market is segregated into disease diagnosis and skin treatment. The skin treatment segment accounted for the largest skincare devices market share in 2022 and is anticipated to continue this trend during the forecast period, owing to advancements in hair removal technologies and development of more efficient and less painful devices for skin treatment.
By End User
The skincare devices market is segregated into dermatology clinics, salons and spas, and others. The dermatology clinics segment dominated the global market in 2022. This is attributed to the presence of qualified dermatologists and skincare professionals. Further, skincare devices used in dermatology clinics are highly efficient and offer clinically proven results. However, salons and saps segment is expected to register fastest CAGR during the skincare devices market forecast period owing to, increase in adoption of skincare devices in the salons and spas.
The skincare devices industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the skincare devices market in 2022 and is expected to maintain its dominance during the forecast period due to the presence of several major players, such as Bausch Health Companies, Inc., Michelson Diagnostics Ltd., and Cynosure Inc. In addition, adoption of technologically advanced laser systems and imaging systems further boosts the market growth in this region.
Asia-Pacific is expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to the increase in demand for skincare devices in this region. In addition, growing adoption of skincare devices such as lasers and other treatment devices further propels the market growth. Asia-Pacific offers profitable opportunities for key players operating in the skincare devices market, thereby registering the fastest growth rate during the forecast period, owing to the rise in disposable income, as well as increase in emphasis on personal grooming and appearance.
Competitive analysis and profiles of the major players in the skincare devices market, such as Cutera, Lumenis Ltd., Cynosure Inc., Lutronic, Bausch Health Companies, Inc., Fotona, Sciton, Sisram Medical Ltd., Michelson Diagnostics Ltd, and Candela Corporation have been provided in the report. Major players have adopted product launch, product approval, and agreement as key developmental strategies to improve the product portfolio and gain strong foothold in the skincare devices market.
Recent Product Approvals in the Skincare Devices Market
- In June 2023, Cutera Inc., a global leader in medical aesthetics received the U.S. Food and Drug Administration (FDA) clearance for AviClear to treat inflammatory acne vulgaris.
- In March 2022, Cutera Inc., a global provider of skincare devices has received the U.S. Food and Drug Administration (FDA) clearance for AviClear Laser. It is the first energy-based device used for the treatment of mild to severe acne.
Recent Product Launches in the Skincare Devices Market
- In February 2021, Fotona, one of the global leaders in medical laser technology launched its StarFormer. This technology uses magnetic pulse energy to stimulate muscle concentration.
- In September 2020, Cutera Inc., a global manufacturer of energy-based aesthetic systems, launched its truSculpt flex. truSculpt flex is used for strengthening, toning, and firming of buttocks, thighs, arms, and calves.
Recent Agreement in the Skincare Devices Market
- In June 2021, Cutera Inc., one of the global leaders in aesthetic industry signed a distribution agreement with ZO Skin Health. Under this agreement, Cutera is expected to distribute ZO's skincare products in Japan.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the skincare devices market analysis from 2022 to 2032 to identify the prevailing skincare devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the skincare devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global skincare devices market trends, key players, market segments, application areas, and market growth strategies.
Skincare Devices Market Report Highlights
Market Size By 2032
USD 38.8 billion
CAGR of 10.5%
2022 - 2032
By Product Type
By End User
Key Market Players
Fotona, Bausch Health Companies, Inc., lutronic, Lumenis Ltd., Cutera, Sciton, Cynosure Inc, Sisram Medical Ltd., Candela Corporation., Michelson Diagnostics Ltd
The growth of skincare devices market is attributed to factors such as rise in new product approvals, surge in collaboration between market key players and increase in new product launches. For instance, in March 2022, Cutera Inc., a global provider of skincare devices received the U.S. Food and Drug Administration (FDA) clearance for AviClear. AviClear is the first energy-based device used for the treatment of mild to severe acne. Further, in June 2023, Cutera Inc., a global leader in medical aesthetics received the U.S. Food and Drug Administration (FDA) approval for AviClear laser to treat inflammatory acne vulgaris condition.
In addition, Fotona, one of the global leaders in medical laser technology launched its StarFormer in February 2021. This technology uses magnetic pulse energy to stimulate muscle concentration. Thus, all aforementioned factors boost the growth of the skincare devices market.