PUBLISHER: The Business Research Company | PRODUCT CODE: 1464186
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464186
Skin care devices are specialized tools created to maintain or enhance skin health and appearance. They often leverage different technologies, such as light therapy, sonic vibrations, and microcurrents. These devices serve diverse purposes, including cleansing, exfoliation, wrinkle reduction, acne treatment, and stimulation of collagen production.
The primary product categories of skin care devices include cleansing devices, anti-aging devices, and skin texture and tone enhancement devices, as well as acne treatment devices. Cleansing devices are specifically designed to eliminate makeup, oils, dirt, and dead skin cells from the skin's surface. These products are available through various sales channels, including direct sales, modern trade, departmental stores, specialty stores, online retailers, mono-brand stores, and others. Skin care devices serve applications such as diagnostic and treatment devices and find use in hospitals, clinics, and various other settings.
The skin care devices market research report is one of a series of new reports from The Business Research Company that provides skin care devices market statistics, including skin care devices industry global market size, regional shares, competitors with a skin care devices market share, detailed skin care devices market segments, market trends and opportunities, and any further data you may need to thrive in the skin care devices industry. This skin care devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The skin care devices market size has grown rapidly in recent years. It will grow from $13.20 billion in 2023 to $14.85 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth observed in the historical period can be attributed to factors such as consumer demand for personalization in skincare, concerns related to aging among the population and the corresponding interest in anti-aging solutions, the trend of seeking professional treatments at home, heightened awareness and education about skincare, and the increasing adoption of LED therapy for skincare purposes.
The skin care devices market size is expected to see strong growth in the next few years. It will grow to $21.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be attributed to factors such as the integration of artificial intelligence (AI) into skincare devices, the proliferation of smart skincare devices, an increased focus on sustainable and eco-friendly technologies, the emergence of wearable skin tech, and customization through data analytics. Major trends expected in the forecast period include the utilization of augmented reality (AR) in skincare consultations, biometric skin monitoring, the adoption of microneedling and radiofrequency devices, DNA-based skincare personalization, and an emphasis on mental health and well-being in the skincare industry.
A surge in the prevalence of skin diseases is expected to propel the growth of the skin care device market going forward. Skin diseases refer to a wide range of conditions that affect the skin, the largest organ of the human body. These conditions can vary in severity, ranging from mild irritation to chronic or even life-threatening conditions. This disease arises due to various factors, such as environmental pollution, lifestyle changes, and increased exposure to UV radiation. Skincare devices are used for treating skin diseases through stimulation of skin renewal, reducing inflammation, boosting topical therapy absorption, and improving skin health product performance. For instance, in March 2022, according to an article published in JAMA Dermatology, a US-based peer-reviewed journal, in 2020, an estimated 325,000 melanoma cases and 57,000 melanoma-related deaths were recorded globally, with forecasts for a rise to 510,000 cases and 96,000 deaths in 2040. Therefore, the surge in the prevalence of skin diseases is driving the growth of the skin care device market.
Major companies operating in the skincare devices market are concentrating on innovative products, such as the Skintrinsiq System, a professional facial device, to enhance their economic gains in the competitive landscape. It utilizes InfuseIQ technology to enhance product absorption and purify skin by lifting its upper layers. For instance, in December 2021, Obagi Cosmeceuticals LLC, a US-based pharmaceutical company, launched the Skintrinsiq System. This system allows for customized treatments across all skin types, targeting concerns such as wrinkles or uneven skin tones. Regular biweekly sessions are advised for peak outcomes. Additionally, it incorporates blue and/or red LED light therapy, enhancing the regimen without extending the treatment duration.
In August 2023, Nu Skin Enterprises Inc., a US-based personal care product company, acquired BeautyBio for an undisclosed amount. Through this acquisition, Nu Skin Enterprises seeks to bolster its market stance in device systems and broaden its beauty industry footprint, concurrently facilitating BeautyBio's omnichannel brand expansion with lean-on cost-efficiency opportunities. BeautyBio is a US-based manufacturer of skin care devices and micro-needling devices.
Major companies operating in the skin care devices market report are Johnson & Johnson, Hitachi Ltd., The Procter And Gamble Company, Panasonic Holdings Corporation, Unilever PLC, L'Oreal S.A., Koninklijke Philips N.V., Shiseido Co. Ltd., Amorepacific Corporation, Nu Skin Enterprises Inc., Conair Corporation, Revlon Corporation, FOREO, Oriflame Holding AG, Beurer GmbH, Cynosure Inc., YA-MAN Ltd., Syneron Medical Ltd., Homedics, MTG Co. Ltd., Sciton Inc., Silk'n, Tria Beauty Inc., NuFACE, Trophy Skin, Quasar Bio-Tech Inc.
North America was the largest region in the skin care devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the skin care devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skin care device market consists of revenues earned by entities by providing services such as hair removal, skin tightening, pore reduction, hydration, facial contouring, scar treatment, and pigmentation treatment. The market value includes the value of related goods sold by the service provider or included within the service offering. The skin care devices market also includes sales of facial cleansing brushes, microdermabrasion devices, microcurrent devices, lasers, and IPL hair removal devices that are used in providing services. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Skin Care Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on skin care devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for skin care devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The skin care devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.