Skin Care Devices Market Overview:
The worldwide market for skin care devices is constantly evolving and offers a wide variety of products and solutions for general indications and for niches. As the group of consumers with multiple skin conditions grows, the market is moving towards a path of healthy growth, with several companies aggressively expanding their product portfolio and expanding their business plans to develop solutions for this growing process of patients. The greater emphasis of companies in the design and development of effective skin care devices is changing the dynamics of the market, leading to changes not only in terms of the potential revenue offered by the market, but also in many procedures.
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The Skin Care Devices Market will post an impressive xx% CAGR from 2015 to 2023, going from a valuation of USD xx million in 2015 to USD xx million for 2023.
Skin Care Devices Market Drivers and Restraints:
People are increasingly concerned about their appearance. Skin care devices have a wide range of aesthetic applications in procedures such as skin firming, liposuction, skin rejuvenation and body modeling. The desire to stay fit and youthful, at least in appearance, has reinforced the global demand of the market for skin care devices.
Several other factors have also contributed to the steady increase in demand for skin care devices around the world. Skin care devices, such as dermatoscopes, image guidance systems and biopsy devices, are witnessing the growing demand for strings around the world as they facilitate the diagnosis of skin lesions, which they consider cancerous.
A wide range of skin care devices used to treat specific skin conditions and indications such as aging of the skin, reduction of cellulite, varicose veins, wrinkles and vascular lesions are also witnessing an increased demand. The growing number of professional dermatologists, beauty spas and estheticians around the world is also driving the increasing use of a variety of skin care devices, contributing to the development of the worldwide market of skin care devices.
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Skin Care Devices Market Geographic Segmentation:
North America has a large and growing population of high-income, middle-aged and geriatric people. The combination works miraculously for the skin care market, with a dramatic increase in the demand for services and products for skin. North America is currently the largest market for skin care devices globally. Based on revenue, North America is expected to be an important part of the worldwide market in the coming years.
In Asia-Pacific, the demand for laser treatments has increased dramatically in recent years. This trend should pave the way for the development of technologies such as lasabrasion and laser peels in the coming years. It is expected that the increase in average disposable income of the middle class in the region and the increased demand for tattoo inks, tattoo removal and anti-aging procedures will increase the demand for skin care devices. Of the various types of skin treatment procedures available in the market, fractional CO2 laser technology is expected to grow faster due to its utility in a variety of applications, such as wrinkle removal and reduction of scars and points.
Key Players of Skin Care Devices Market:
Key players in the Skin Care Devices Market include Valeant Pharmaceuticals, Syneron Medical Ltd., Lumenis Ltd., ZELTIQ Aesthetics, Inc., and Cynosure.
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