(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "Skincare Devices - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Skincare Devices was estimated at US$12.9 Billion in 2023 and is projected to reach US$24.5 Billion by 2030, growing at a CAGR of 9.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
What Is Driving the Growth of the Global Skincare Devices Market?
The growth in the global Skincare Devices market is driven by several factors, including the increasing focus on skincare and aesthetics, rising disposable incomes, and the growing prevalence of skin disorders. One of the primary growth drivers is the rising focus on skincare and aesthetics among consumers of all ages. With the increasing popularity of social media platforms and the influence of beauty influencers, consumers are becoming more concerned about their appearance and are investing in skincare devices that can help them achieve flawless and youthful-looking skin. This trend is particularly strong in the anti-aging segment, where consumers are looking for devices that can address fine lines, wrinkles, and skin sagging. The availability of a wide range of devices, from entry-level products to high-end professional tools, is making it easier for consumers to find products that suit their needs and budget, further driving market growth.
Another significant driver of market growth is the rising disposable incomes in developing regions, which are enabling more consumers to spend on premium and luxury skincare products, including devices. As economies in regions like Asia-Pacific, Latin America, and the Middle East grow, the middle-class population is expanding, leading to increased spending on personal care and beauty products. This trend is making skincare devices more accessible to a broader audience, including younger consumers who are willing to invest in preventative skincare solutions.
Furthermore, the rising prevalence of skin disorders such as acne, hyperpigmentation, and rosacea is creating demand for devices that offer effective treatments. Dermatologists and skincare professionals are increasingly recommending devices like LED light therapy and laser devices for the management of these conditions, contributing to the growth of the professional skincare devices market.
Moreover, the continuous innovation in product development and the introduction of multifunctional devices are supporting the growth of the skincare devices market. Manufacturers are focusing on developing devices that combine multiple functionalities, such as cleansing, exfoliation, and anti-aging, into a single product. This trend is appealing to consumers looking for comprehensive skincare solutions that can simplify their beauty routines.
Additionally, the growing emphasis on sustainability is driving the development of eco-friendly and rechargeable devices that reduce waste and energy consumption. As consumers become more environmentally conscious, the demand for sustainable beauty products, including skincare devices, is increasing.
These factors, combined with the rising adoption of at-home beauty devices and the expansion of professional dermatology treatments, are driving robust growth in the global Skincare Devices market, making it a dynamic and rapidly evolving segment of the beauty and personal care industry.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Skincare Diagnostic Devices segment, which is expected to reach US$3.4 Billion by 2030 with a CAGR of a 9.9%. The Skincare Treatment Devices segment is also set to grow at 9.6% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, which was estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 12.7% CAGR to reach $5.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of major players in the Skincare Devices market such as Alma Lasers, Inc., Bausch Health Companies Inc., Beijing Toplaser Technology Co., Ltd., Hologic, Inc., Lumenis Ltd. and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 42 companies featured in this Skincare Devices market report include:
Alma Lasers, Inc. Bausch Health Companies Inc. Beijing Toplaser Technology Co. Ltd. Hologic, Inc. Lumenis Ltd. Merz Pharma GmbH & Co. KGaA Michelson Diagnostics, Ltd. Panasonic Corporation Photomedex, Inc.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 194 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $12.9 Billion |
| Forecasted Market Value (USD) by 2030 | $24.5 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
MARKET OVERVIEW
Influencer Market Insights World Market Trajectories Skincare Devices - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
Rising Consumer Demand for Home-Based Skincare Devices Drives Market Growth Focus on Anti-Aging and Skin Rejuvenation Benefits Expands Addressable Market for Skincare Devices Growing Popularity of Non-Invasive and Pain-Free Skin Treatments Bodes Well for Market Expansion Technological Advancements in Microcurrent and Radiofrequency Devices Propel Market Growth Emergence of Smart and AI-Enabled Skincare Devices Creates New Opportunities for Market Innovation Increased Consumer Awareness of Dermatological Benefits Supports Market Demand for Skincare Devices Growing Use of LED Light Therapy Devices in Acne Treatment Expands Application Scope Rising Adoption of Skincare Devices in Medical Spas and Dermatology Clinics Fuels Market Growth Emergence of Portable and Travel-Friendly Skincare Devices Sets the Stage for Market Expansion Rising Use of Skincare Devices in Hair Removal and Body Contouring Applications Supports Market Growth
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