PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401787
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1401787
Skin Care Devices Market size was valued at USD 13,510 Million in 2022, expanding at a CAGR of 12.5% from 2023 to 2030.
Skincare devices provide efficiency, accuracy, and customization in everyday routines, skincare gadgets have completely changed the way people take care of their skin. They have many advantages, such as improved product absorption and long-term skin benefits. Devices for skincare can be useful aids in attaining healthier, more radiant skin if used properly and maintained while taking into account each person's unique skin demands. In addition, Skin-care tools, including an LED mask that zaps away acne-causing bacteria, increases collagen production, and the appearance of fine lines over time. Due to their proven capacity to increase product absorption, decrease puffiness, and improve circulation, tools like guar sha stones and jade rollers have become more and more popular. These gadgets evaluate skin issues using imaging technology, assisting users in selecting the right goods and treatments. Certain devices employ temperature changes to calm inflamed skin or open pores for greater product absorption. These developments signify a developing trend in the skincare sector, fusing innovation and technology to offer more practical and efficient remedies for a range of skin issues.
Skin Care Devices Market- Market Dynamics
Increasing number of skin disorders and increasing disposable income propel the skincare devices market
Skin infections, which can be caused by bacteria, viruses, fungi, or parasites, are the most common cause of illness in tropical and low-resource environments. Skin NTDs account for roughly 10% of skin illnesses in most communities. As part of universal health coverage and leaving no one behind, it is crucial that endemic nations implement holistic, community-oriented approaches to treating skin NTDs and all other skin disorders completely. Skin Diagnostic tool delivers accurate skin assessment for all skin types and ethnicities. It recommends suitable skin care products to users based on the skin problems. Over time, gadgets such as LED therapy tools and microneedling devices can improve skin texture and stimulate the creation of collagen, yielding long-term advantages. By offering information about skin problems and advancement, skin analyzers and imaging technologies let customers make well-informed judgements regarding their skincare regimens. Some devices, such as facial massagers or micro needling tools, can enhance the absorption of skincare products, ensuring that serums and creams penetrate deeper into the skin for better results.
Skin Care Devices Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 12.5% over the forecast period (2023-2030)
Based on product type segmentation, the LED therapy devices segment is expected to capture a significant market share over the forecast period
Based on distribution segmentation, the online retailer's segment is expected to grow at the highest CAGR during the forecast period
On the basis of region, North America was the leading revenue generator in 2022
The Global Skin Care Devices Market is segmented on the basis of Product Type, Application, Distribution, End Use, and Region.
Based on the product type, the market is segmented into LED therapy Devices, Cleansing Devices, Skin Tightening and Body Contouring Devices, Hair Removal Devices, Oxygen and Steamer Devices and Others. The LED therapy devices segment is expected to capture a significant market share over the forecast period. LED light therapy instruments have the potential to enhance skin suppleness and collagen synthesis. They can also lessen redness and acne. Devices for removing hair that are cordless, painless, and safe target the melanin in hair follicles by vaporizing it with a light beam. The hair follicle will also be destroyed by the heat from these lasers.
Based on the Distribution, the market is segmented into Direct Sale, Modern Trade, Specialty Stores, Online Retailers and Others. The online retailer's segment is expected to grow at the highest CAGR during the forecast period. Online retailers play a crucial role in the distribution of skincare devices, providing consumers with easy access to a wide range of products and brands. Thereby, driving the segment growth.
Skin Care Devices Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. Some of the key reasons driving the market's growth in this area include the rising rates of skin cancer and other skin conditions including eczema, rosacea, and acne as well as the rising popularity of various cosmetic operations. As per the American Academy of Dermatology Association, up to 50 million Americans suffer from acne each year, making it the most prevalent skin ailment in the country. Between the ages of 12 and 24, over 85% of people have at least mild acne.
The increased awareness of aesthetic appeals is a significant driver of the skin care devices market. Nowadays, individuals of all ages want to look better, and total skin rejuvenation is one way to help them achieve this goal. Because of this, people are using more technologically advanced goods than traditional ones, which can help with skin condition diagnosis and treatment as well as enhance one's appearance. The market for skincare devices has grown as a result of technological developments in the skin care industry. People now feel more confident and have begun to trust these kinds of therapy. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions.
In April 2022, Belviso announced launch of its premium skin care products in India with a promise of delivering top quality and effective results. In the vast range of available skincare solutions, these products would stand out and be well accepted by the targeted users.
The scope of this report covers the market by its major segments, which include as follows: