The global Skincare Devices Market is expected to witness a market value of USD 23.8 Billion in 2023 and is expected to accumulate a market value of USD 101.5 Billion by registering a CAGR of 15.6% in the forecast period 2023 to 2033. The Skincare Devices market registered a CAGR of 10.9% in the historical period 2017 to 2022.
Factors such as the growing popularity of at-home skincare devices, as well as the increasing availability of these devices through various distribution channels, are expected to boost the market growth over the analysis period.
The rising prevalence of skin diseases and disorders such as acne, eczema, and psoriasis, is expected to drive the demand for skincare devices. According to the American Academy of Dermatology, acne affects approximately 50 million Americans each year. Skincare devices such as light therapy devices, microdermabrasion devices, and others can help treat these skin conditions effectively, thus driving the growth of the skincare devices market.
Another factor that is expected to accelerate the market growth is the increasing aging population. As people age, their skin becomes less elastic and more prone to wrinkles and sagging. Skincare devices such as radiofrequency devices, ultrasound devices, and others can help address these skin concerns, thus stimulating the growth of the market in the near future.
Additionally, the growing awareness about skincare and beauty products among consumers is expected to drive the demand for skincare devices. Consumers are becoming more conscious about their skin health and are seeking products that can help them achieve a healthy and youthful-looking skin. Skincare devices such as facial cleansing devices, skin tightening devices, and others can help consumers achieve their skincare goals, thus accelerating the market growth.
The increasing availability of skincare devices through various distribution channels such as online and offline stores is one of the major factors that is anticipated to boost the market prospects. The availability of these devices through multiple channels is making it easier for consumers to purchase and use these devices, thus escalating the market share in the coming time.
Furthermore, the technological advancements in the skincare devices market are also expected to drive the growth of the market. Manufacturers are introducing innovative products that use advanced technologies such as artificial intelligence (AI) and augmented reality (AR) to provide personalized skincare solutions to consumers. These technological advancements are expected to enhance the efficacy of skincare devices and improve the consumer experience.
On the regional end, the Skincare Devices market in North America is expected to account for the maximum share during the analysis period. Factors such as the rising demand for non-invasive cosmetic procedures, increasing awareness about skincare and beauty, and technological advancements in the field of skincare devices in the region, are anticipated to escalate the regional market growth.
On the other hand, the Skincare Devices Market in Asia Pacific is witnessing significant growth in recent years. The regional market growth is driven by factors such as the rising prevalence of skin diseases and disorders, and technological advancements in the field of skincare devices.
Recent developments in the technology, mergers and acquisitions, and partnerships within the companies involved in the manufacturing of Skincare Devices are expected to create lucrative opportunities for the market growth over the analysis period. For instance,
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 23.8 billion |
| Projected Market Value in 2033 | USD 101.5 billion |
| Growth Rate (2023 to 2033) | 15.6% CAGR |
Various factors propelling the market for skin care devices are:
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The growing popularity of LED therapy among end users to treat various skin acne, infections, and wrinkles is giving rise to skincare device market opportunities. However, the rising cosmetic procedures such as skin tightening, rejuvenation, liposuction, and body contouring by models to look young and fit are also driving the market growth. In addition, other procedures such as spot and scar reduction and tattoo removal are also increasing market trends during the forecast period.
According to the American Academy of Dermatology Association, around 50 million USA people are affected with skin acne yearly. Furthermore, 7.5 million people are affected with psoriasis, and 9,500 people are diagnosed with skin cancer annually in the USA. On the other hand, in 2020, according to the America Society of Plastic Surgeons, nearly 15.6 million people adopted cosmetic procedures in the USA. Among these, 13.2 million were minimally invasive, and 2.3 million were cosmetic surgical procedures.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 15.6% |
| Market Valuation (2023) | USD 23.8 Billion |
| Market Valuation (2033) | USD 101.5 Billion |
The growing demand for cosmetic surgery and skin acne is enhancing the market expansion during the forecast period. The growing number of dermatologist treatments increases the sales of skin care devices. However, adopting skin care devices helps to clear the skin in less time. The market occupies a CAGR of 15.6% between 2023 and 2033, compared to the CAGR of around 10.9% registered from 2017 to 2022.
Short Term (2022 to 2025): The increasing adoption of skin care devices due to rising disposable income, growing popularity, and living standards.
Medium Term (2025 to 2028): The growing awareness regarding various skin care devices, e-commerce, and electronic devices propels the market share.
Long Term (2028 to 2032): The rising LED therapy treatment for cosmetic surgical and minimally invasive procedures is bolstering market opportunities.
The market is estimated to reach USD 101.5 Billionduring the forecast period. In the historical period, the market stood at a valuation of USD 21.0 Billionfrom 2017 to 2022.
Principal Consultant
| Segments | Product Type |
|---|---|
| op Category | Acne Treatment Devices |
| Historic CAGR | 14.5% |
| Forecast CAGR | 15.9% |
| Segments | Sales Channel |
|---|---|
| op Category | Modern Trade |
| Historic CAGR | 4.8% |
| Forecast CAGR | 16.2% |
Based on product type, the market is categorized into cleansing devices, anti-aging devices, skin texture & tone enhancement devices, and acne treatment devices. The acne treatment devices segment leads the global market by recording a CAGR of 15.9% during the forecast period.
These devices help to reduce oil production, treat bacteria and clean up skin are estimated to increase the adoption of acne treatment devices. In the historical period, acne treatment devices contributed a CAGR of 14.5% from 2017 to 2022.
On the other side, cleansing devices account for a significant global market share. Adopting cleansing devices is perceived as the best solution for efficient and effortless skin cleaning. Moreover, these cleansing devices also work as multifunctional products to provide massage along with skin cleansing. These are a few factors that facilitated growth in the adoption of cleansing devices during the forecast period.
According to the report, the at-home end users segment is expected to register increasing demand over the forecast period. In addition, growing awareness regarding skin care concerns like dark spots, wrinkles, etc., has encouraged consumers to adopt these skin care devices, such as anti-aging devices and skin care solutions, for better results.
Apart from this, the growing popularity of the DIY concept during the covid-19 pandemic is creating an opportunity for brands to develop products as consumers are significantly seeking such products is further expected to open up new sales opportunities during the forecast period.
Based on sales channels, the market is categorized into direct sales, modern trade, departmental stores, specialty stores, online retailers, mono-brand stores, and other sales channels. Among these, Modern trade dominates the global market by securing a CAGR of 16.2% during the forecast period.
The growing supermarkets, mini-market, and hypermarkets are fuelling the demand for modern trade during the forecast period. As a result, modern trade contributed a CAGR of 14.5% in the historical period from 2017 to 2022.
However, with increasing internet penetration, sales through online retail channels are expected to register significant growth. The rapid establishments of special online beauty retailers are an important indicator that points toward the future growth of online sales.
Besides this, a shift in consumers' buying preference towards online platforms is another indicator that guarantees the future growth of online sales.
| Country | USA |
|---|---|
| CAGR (2017 to 2022) | 8.8% |
| CAGR (2023 to 2023) | 10.6% |
| Valuation (2023 to 2033) | 16.8 Billion |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 10.5% |
| CAGR (2023 to 2023) | 13.8% |
| Valuation (2023 to 2033) | 5.7 Billion |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 20.5% |
| CAGR (2023 to 2023) | 24.4% |
| Valuation (2023 to 2033) | 15.2 Billion |
| Country | Japan |
|---|---|
| CAGR (2017 to 2022) | 17.7% |
| CAGR (2023 to 2023) | 21.6% |
| Valuation (2023 to 2033) | 8.4 Billion |
| Country | South Korea |
|---|---|
| CAGR (2017 to 2022) | 14% |
| CAGR (2023 to 2023) | 20.6% |
| Valuation (2023 to 2033) | 5.1 Billion |
The USAskincare devices market is recording a CAGR of 10.6% with a valuation of USD 16.8 Billionduring the forecast period. Beauty enthusiasts in the United States increasingly want to look their best without outside assistance. People in America are strongly supporting the ideology of self-care. Growing skin concerns such as acne, redness, wrinkles, and others compelled individuals to visit a dermatologist for treatment.
However, the development of home beauty devices due to technological advancements has helped satisfy the self-care needs of consumers. The prevalence of self-care culture in the USA is facilitating skin care device sales. Consequently, the global market captured a CAGR of 8.8% in the historical period from 2017 to 2022.
The United Kingdom's skincare devices market is securing a CAGR of 13.8% with a valuation of USD 5.7 Billionduring the forecast period. The increasing significance of beauty is fueling the demand for luxury beauty products in the United Kingdom As a result, many players in the market have positioned their offerings as premium category products that guarantee ultimate precision and high-end results.
Besides this, market players are developing ergonomic designs of beauty tools that are more appealing to beauty enthusiasts. Furthermore, these players have also introduced a range of limited-edition skincare devices through constant innovation and developments, which best match consumers' premium needs in the country. Consequently, the global market captured a CAGR of 10.5% from 2017 to 2022 in the historical period.
China is securing a CAGR of 24.4% with a valuation of USD 15.2 Billion during the forecast period. Millennial is a critical demographic that has largely influenced industry trends, especially in China. In the past few years, millennials have achieved a heightened sense of individualism in their choices and purchase decisions.
The Chinese millennials have become more conscious about what they buy to maintain their skin and beauty. They are now actively taking up routine skin care regimens to maintain their skin. This indicates that today Chinese millennials do not hesitate to spend on beauty products which are also likely to impact regional growth positively. The global market captured a CAGR of 20.5% in the historical period from 2017 to 2022.
The Japanese skincare devices market occupies a CAGR of 21.6% with a valuation of USD 8.4 Billionduring the forecast period. The growing penetration of beauty chains such as skin care clinics and spas in Japan has significantly facilitated market growth.
As skin care clinics and beauty chains are expanding, the demand for hi-tech and smart beauty devices is also significantly growing in the commercial sector in Japan. As a result, the global market captured a CAGR of 17.7% in the historical period from 2017 to 2022.
South Korea occupies a CAGR of 20.6% with a valuation of USD 5.1 Billionduring the forecast period. South Korea is another place where the beauty industry is rapidly flourishing. Increasing participation in beauty trade fairs and expos will be likely to help brands expand their product penetration in this regional market.
The players connect directly with consumers and closely understand their needs and requirements, thus gaining a competitive edge over other regional players. Consequently, in the historical period, the global market captured a CAGR of 14% from 2017 to 2022.
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Prominent manufacturers are developing and launching innovative skincare devices to prevent several skin issues during the forecast period. Therefore, the players drive the market growth through deep research and analysis during the forecast period. In addition, they are making strategies and plans to provide better skincare devices as per consumers' requirements.
The growing advanced technology and launching products such as electronic skin care devices products are uplifting the market expansion in recent years. As a result, marketers are adopting marketing tactics, including mergers, partnerships, collaborations, and agreements.
Recent Development in the Skin Care Devices Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Billion for Value |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa |
| Key Segments Covered | Product Type, Price Range, Sales Channel, End User, Region |
| Key Companies Profiled | Koninklijke Philips N.V.; Pure Daily Care; Shenzhen Mareal Technology Co. Ltd.; L’Oreal SA (ModiFace); Nu Skin Enterprises; Panasonic Corporation; Syneron Medical Ltd.; Home Skinovations Ltd.; TRIA Beauty inc.; Procter and Gamble; PhotoMedex Inc.; Carol Cole Company, Inc.; Lumenis; MTG Co. Ltd.; FOREO; DD Karma LLC |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 23.8 billion in 2023.
The market’s CAGR from 2023 to 2033 will be 15.6%.
From 2017 to 2022, the market rose at a 10.9% CAGR.
Key players are Koninklijke Philips N.V., Pure Daily Care and Shenzhen Mareal Technology Co. Ltd.
Acne treatment devices will remain preferred.
1. Executive Summary | Skin Care Devices Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Cleansing Devices 5.2. Anti-Ageing Devices 5.3. Skin Texture & Tone Enhancement Devices 5.4. Acne Treatment Devices 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 6.1. At-home 6.2. Salon & Spa 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Price Range 7.1. Economy Below USD 25 7.2. Mid-Range USD 25-200 7.3. Premium USD 200 & Above 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Direct Sales 8.2. Modern Trade 8.3. Departmental Stores 8.4. Speciality Stores 8.5. Online Retailers 8.6. Mono Brand Stores 8.7. Other Sales Channel 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. East Asia 9.5. South Asia 9.6. Oceania 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Koninklijke Philips N.V. 19.2. Pure Daily Care 19.3. Shenzhen Mareal Technology Co. Ltd. 19.4. L’Oreal SA 19.5. Nu Skin Enterprises 19.6. Panasonic Corporation 19.7. Syneron Medical Ltd. 19.8. Home Skinovations Ltd. 19.9. TRIA Beauty Inc. 19.10. Procter and Gamble 19.11. PhotoMedex Inc. 19.12. Carol Cole Company, Inc. 19.13. Lumenis 19.14. MTG Co. Ltd. 19.15. FOREO 19.16. DD Karma LLC 20. Assumptions & Acronyms Used 21. Research Methodology
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Skin Care Devices Market
