The global Skincare Devices Market Growth Accelerated by Rising Preference for Non-Invasive Procedures


 Skincare devices are commonly used for aesthetic procedures including hair removal, skin tightening, facials, and photo rejuvenation. These devices offer convenience, flexibility, and minimal downtime, thereby gaining popularity over invasive surgical procedures. Skincare devices help reduce signs of aging such as fine lines, wrinkles, dark spots and loose skin.

The global Skincare Devices Market is estimated to be valued at US$ 40,139.2 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rising preference for non-invasive aesthetic procedures has been a key driver of growth for the skincare devices market. Non-invasive procedures minimize scarring, pain, bruising and downtime. They are considerably less expensive than traditional cosmetic surgeries. Additionally, non-invasive treatments allow individuals to see results faster while eliminating lengthy recovery periods. Social media has also popularized the concept of aesthetic enhancement through editing apps and filters, fueling demand for skincare devices that help smooth skin and reduce imperfections in real life. Advances in laser, light-based, and ultrasound technologies have further improved the efficiency and affordability of non-surgical aesthetic treatments. Overall, the conveniences and advantages offered by non-invasive skincare devices will continue accelerating their adoption over the forecast period.

Segment Analysis

The global skincare devices market is divided into various segments based on product type and application. The product type segment includes diagnostic and treatment devices. Among them, the diagnostic devices segment dominated the market in 2023 due to high usage of aesthetic dermatology devices for detection of skin related diseases. The application segment of the market is further divided into hair removal, cellulite reduction, skin rejuvenation, skin tightening, and others. The skin rejuvenation sub-segment holds the largest market share as these devices help reduce pigmentation, acne scars and wrinkles.

Key Takeaways

The global skincare devices market is expected to witness high growth over the forecast period. The global Skincare Devices Market is estimated to be valued at US$ 40,139.2 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030.

Regional analysis shows that North America dominates the market currently due to increase in incidence of skin related diseases and rising consumer awareness regarding aesthetics. The Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to growing medical tourism industry and increasing disposable income in the region.

Key players operating in the skincare devices market are Cynosure, Lumenis, Syneron Medical Ltd., Valeant Pharmaceuticals, Alma Lasers Ltd., Cutera, Cyden Limited., and others. Cynosure leads the market with the widest product portfolio including laser-based and light-based devices. Lumenis manufactures energy-based aesthetic and surgical solutions including laser, intense pulsed light and radiofrequency technology for dermatology application.

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