Skincare Devices Market Size To Reach $34.3 Billion By 2030

Skincare Devices Market Growth & Trends

The global skincare devices market size is expected to reach USD 34.3 billion by 2030, expanding at a CAGR of 12.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. An increasing number of skin-related disorders such as cancer and assorted disorders are likely to increase the adoption rate of these devices.

Rising use of home-care products and growing medical spa treatments are some of the key trends stimulating market growth. Some of the key factors that are driving growth are technological advancements, growing appearance consciousness, and rising disposable income.

Growing awareness regarding the benefits of skin rejuvenation amongst patients, rising demand for aesthetics, and increasing incidence of skin disorders are among the primary growth stimulants. Syneron Medical, a U.S.-based company, is one of the biggest players in the skin rejuvenation market. Its product is known as VelaSmooth which has been approved by the U.S. FDA.

The market is projected to witness significant growth over the forecast period, owing to the rising prevalence of skin diseases. Technological advancements, extremely effective devices, and increasing acceptance of these devices as they are non-invasive, are some of the factors escalating the growth of the market.

Furthermore, surging demand for processes such as liposuction, body contouring, skin rejuvenation, and tightening is anticipated to accelerate the growth of the market. However, equipment cost and competitive pricing are limiting the market from realizing its utmost potential.

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Skincare Devices Market Report Highlights

• Cellulite reduction was the largest segment in 2014 owing to its wide acceptance and usage globally

• The body contouring and skin tightening segment is expected to witness the fastest growth over the forecast period due to the rising demand for aesthetic procedures

• North America accounted for the largest revenue share in 2022 owing to technological advancements, well-established infrastructure, and the presence of high-income buyers

• Asia Pacific is likely to be the fastest-growing region owing to the availability of cost-effective devices and rising disposable income

• Some of the prominent players of the market are Syneron Medical Ltd; Philips; Solta Medical Inc.; Alma Lasers Ltd; Schick Medical; Lumenis Ltd.; and PhotoMedex. The key players are engaging in different marketing strategies to increase their market shares.

Skincare Devices Market Segmentation

Grand View Research has segmented the global skincare devices market based on product, application, end-use, and region:

Skincare Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Devices

  • Dermatoscopes

  • Microscopes

  • Other Imaging Devices

  • Biopsy Devices

• Treatment Devices

  • Light Therapy Devices

  • Lasers

  • Electrosurgical Equipment

  • Liposuction Devices

  • Microdermabrasion Devices

  • Cryotherapy Devices

Skincare Devices  Application Outlook (Revenue, USD Million, 2018 - 2030)

• Diagnostic Devices

  • Skin Cancer Diagnosis

  • Other

• Treatment Devices

  • Hair Removal

  • Skin Rejuvenation

  • Acne, Psoriasis, and Tattoo Removal

  • Wrinkle Removal and Skin Resurfacing

  • Body Contouring and Fat Removal

  • Cellulite Reduction

  • Vascular and Pigmented Lesion Removal

  • Others

Skincare Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Clinics

• Others

Skincare Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players in Skincare Devices Market

• Alma Lasers GmbH

• Cynosure, Inc.

• Solta Medical, Inc.

• Cutera, Inc.

• Syneron Medical Ltd.

• Canfield Scientific, Inc.

• 3Gen

• Aesthetic Group

• Ambicare Health

• Image Derm, Inc.

• Fotona