The skincare devices market is growing at a significant rate, due to increasing preference of minimally and non-invasive procedures, growing medical tourism, and increasing worldwide incidence rate of skin disorders. Untapped market potential in emerging economies with high unaddressed medical needs is providing ample opportunities for the global skincare devices market to grow in the coming years.
North America leads the global skincare devices market due to the introduction of latest technologies such as, U-P-5 and presence of high income consumer base in the region. European skincare devices market is expected to be a mature market. Asia-Pacific is expected to grow with the highest rate in the coming years, due to the presence of local manufacturers offering cost effective products and services, along with increasing disposable income of the expanding consumer base.
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LED therapy devices leads the treatment devices market, due to its high usage in dermatologists and medical spas for removing facial lines, acne, sun damaged skin and wrinkles. The LED therapy devices assist the production of deactivates and collagen specific enzymes that breakdown the collagen to improve the skin structure of the consumers. Lasabrasion is a general anti-aging cure and its market is expected to grow with the highest rate in the coming years, due to its accessibility for normal person and application in numerous skin complications. Liposuction and microdermabrasion markets are expected to grow in the coming years, due to increasing utilization of microdermabrasion and liposuction.
The skincare devices market can also be categorized, on the basis of applications as damage repair, skin rejuvenation, anti-cellulite skincare, disease diagnosis and treatment, fat reduction, hair removal, and skin tightening and body contouring. Skin rejuvenation includes sun damage, acne and wrinkles, whereas damage repair includes pigmented lesions, vascular and tattoo removal. Body contouring and skin tightening market leads in the application of skincare devices market, due to the rising demand for non-surgical, non-invasive and no downtime treatments. Anti-cellulite skincare application is growing with the highest rate, due to establishment of new product range such as fat melting oil, ayurvedic anti cellulite cream, anti-cellulite oil and slimming oil.
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Some of the competitors in the skincare devices market are Michelson Diagnostics Ltd., Cutera, Inc., Cynosure, Inc., Syneron Medical Ltd, Photomedex, Inc., Lumenis, Ltd., Solta Medical, Inc., Alma Lasers, Ltd., and Palomar Medical Technologies among others.
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