The skin care devices market would expand in view of skin diseases and awareness surrounding the same. It is predicted to record around 10 percent CAGR during 2012 to 2018, generating over USD 10.5 billion by 2018. Market companies increase their sales budgets, for more awareness among users.
The other significant market propeller comprises health spas across nations with booming healthcare tourism. Additionally, skin care products involving minimal invasiveness should lead more clients into the market. These factors are predicted to contribute steady incomes for market participants.
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The skin care devices market witnesses innovations, resulting from huge competition here. Skin cancers and skin tightening & rejuvenation, body contouring, & other cosmetic procedures also drive the market. Health spas in developing economies like India and China could offer new prospects.
English speaking doctors and cost-efficient procedures are likely to steer Asia Pacific. Skin care devices across the globe are promoted by cosmetic companies, both big & small. Preferences for these products on the basis of latest trends also drive market sales.
The old population often wants to look young. For the same, it resorts to skin care devices. Also; quality, inexpensive, and innovative products propel the market. Skin disorders including lesions, acne, dermatitis, moles, and psoriasis in emergent countries like China, India, and Brazil add skin care devices market revenues.
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The market is trifurcated on the basis of products, applications, and regions. Considering products, the market consists of skin care treatment and skin care diagnostics. Skin care diagnostics encompass image guidance systems, dermatoscopes, and biopsy instruments.
Skin care treatment products comprise cryotherapy devices, liposuction instruments, LED therapy products, microdermabrasion instruments, and electrosurgical products. LED therapy holds the biggest share (among skin care treatment devices) in the skin care devices market.
With regards to applications, the market is split into damage repair; disease diagnosis and treatment; hair removal; body contouring and skin tightening; cellulite reduction; and skin rejuvenation. The segment of body contouring and skin tightening can expand due to demand for non-surgical & non-invasive surgeries.
Regions wise, the worldwide skin care devices market is divided into Europe, Asia Pacific, North America, and rest of the world. North America leads the market owing to high income users and advanced technologies in the region.
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