Skincare Devices Market To Be Driven By Increasing Incidences Of Skin Disorders Worldwide Till 2020:Grand View Research,inc.
The global skincare devices market is expected to reach USD
12,799.5 million by 2020, growing at an estimated CAGR of 10.0% from 2014 to
2020, according to a new study by Grand View Research, Inc. Increasing
prevalence of skin disorders and skin cancer around the globe is expected to
drive skincare device demand. The growing demand of minimal, non-invasive and
aesthetic procedures such as skin rejuvenation, skin tightening and body
contouring is also expected to be a key driver of this market. In addition,
rise in the growth of medical tourism and ‘Medspas’ in emerging markets such as
India is expected to provide growth opportunities to market participants.
Presence of cost effective procedures coupled with an abundant presence of
English speaking healthcare practitioners are some of factors driving the
market in these regions.
Skincare treatment devices
dominated the product market with a share of over 92.0% in 2013. Change in
consumer lifestyles and their growing willingness to spend on treatments such
as liposuction, lasabrasion and Microdermabrasion to make favored body and skin
modifications is expected to boost segment demand during the forecast period.
Browse full research report on skincare devices market: http://www.grandviewresearch.com/industry/medical-devices
Further key findings from
the study suggest:
- Skin tightening & body contouring segment is
expected to grow at the highest CAGR of 12.0% during the forecast period.
Rising disposable income of consumers and increasing desire to stay
physically fit and attractive is one of the major factors accounting for
its lucrative growth.
- The cellulite reduction market is also expected to
grow at a significant pace during the forecast period. Growing global
prevalence of obesity and the consequent rise in demand for cellulite
(fat) reduction procedures is expected to drive segment growth during the
forecast period.
- North America was the largest regional market in
2013, accounting for over 44.5% of global revenue due to rise in demand
for skincare solutions to enhance physical features as a result of the
modern lifestyle and increase in baby boomer population.
- Asia Pacific is expected to grow at the fastest CAGR
of over 11.0% from 2014 to 2020. Improved health care facilities and an
increasing preference for aesthetics related medical procedures coupled
with growing disposable incomes will result in growth in demand for
advanced skincare solutions in this region.
- Key industry participants of this market include
Solta Medical Inc., Syneron Medical Ltd., Cynosure Inc., Cuttera Inc.,
Lumenis Ltd., Alma Lasers Ltd., and PhotMedex.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the skincare devices
market on the basis of product, application and region:
• Skincare Devices Product Outlook
• Skincare Diagnostic Device
• Dermatoscopes
• Image Guidance Systems
• Biopsy Devices
• Skincare Treatment Devices
• Lasabrasion Devices Market
• LED Therapy Devices
• Liposuction Devices
• Microdermabrasion Devices
• Cryotherapy Devices
• Electrosurgical Devices
• Skincare Devices Application Outlook
• Disease Diagnosis & Treatment
• Hair Removal Market
• Skin Rejuvenation
• Cellulite Reduction
• Body Contouring And Skin Tightening
• Skincare Market Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
• Skincare Diagnostic Device
• Dermatoscopes
• Image Guidance Systems
• Biopsy Devices
• Skincare Treatment Devices
• Lasabrasion Devices Market
• LED Therapy Devices
• Liposuction Devices
• Microdermabrasion Devices
• Cryotherapy Devices
• Electrosurgical Devices
• Skincare Devices Application Outlook
• Disease Diagnosis & Treatment
• Hair Removal Market
• Skin Rejuvenation
• Cellulite Reduction
• Body Contouring And Skin Tightening
• Skincare Market Regional Outlook
• North America
• Europe
• Asia Pacific
• RoW
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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