The skin aesthetic devices industry is soaring as people desire youthful and perfect skin, along with an exploding market for non-invasive cosmetic surgery. As consumers become more self-conscious and demand better remedies for issues that come with getting older, the demand for such gadgets is skyrocketing.
Market Overview
The Skin Aesthetic Devices market size is projected to reach US$ 6.78 billion by 2031 from US$ 2.80 billion in 2022. The market is expected to register a CAGR of 11.7% in 2023–2031
Key Drivers
- Expanding Aesthetic Awareness: Increasing concerns about the skin and the need to look young are fuelling the market.
- Small Incisions: People like to do things minimally and without any downtime, so demand for skin rejuvenation devices is high.
- Technical Developments: Technological development is continuously creating high-performance and safe devices.
- Aging Population: The population, particularly the developed countries, is a big market factor.
Market Segmentation
The market can be segmented by:
By Product
- Laser Skin Resurfacing Devices
- Nonsurgical Skin Tightening Devices
- Micro-Needling Products
- Light Therapy Devices
By Treatment
- Skin Tightening
- Instant Rejuvenation
- Body Contouring
- Laser Lipo
- Other Treatments
By End User
- Hospitals and Aesthetic Clinics
- Medical Spas Beauty Salons and Home Settings
Regional Analysis
North America is the leading market in the world with high disposable income, advanced healthcare system and adoption of aesthetic treatments. But Asia-Pacific has become a big market, owing to high urbanisation, higher disposable income, and a growing sense of beauty and wellness.
Competitive Landscape
Skin Aesthetic Devices Market – Global key players are actively involved in this skin Aesthetic Devices Market.
There are many companies like:
- Johnson Johnson
- Allergan plc
- SYNERON MEDICAL LTD
- Hologic Inc
- LUMENIS LTD
- MERZ PHARMA GMBH CO KGAA
- Zimmer Biomet Holdings Inc
- VALEANT PHARMACEUTICAL INTERNATIONAL INC
- Alma Lasers Inc
- Sientra Inc
Market Challenges
As the market has high growth potential, but the market also confronts several issues including:
- High Cost of Devices: The most advanced devices can be expensive and not available for everyone.
- Barriers to Market Entry/Product Approvals: Tight regulatory controls may cause barriers to market entry and product approval.
- Consequences: Some of the devices might come with adverse effects and customers are disinclined.
Frequently Asked Questions (FAQs)
What are the prime driving factors of the market?
The skin beauty gadgets market is primarily driven by the following reasons:
More aware consumers: More cognizance about non-invasive plastic surgery and youthful, beautiful skin.
Aging population: As the population ages especially in developed nations are increasing, anti-aging medications are needed.
In which areas will the skin aesthetic devices market grow?
North America and Europe have today the majority of the skin aesthetic devices market due to increasing demand for aesthetic procedures and established medical infrastructure. But Asia-Pacific has become a market of big magnitude with the rapid urbanization, increase in disposable incomes, and increasing interest in beauty and wellness.
What are the main challenges of the skin aesthetic devices market?
This skin beauty devices market has several obstacles, such as:
High Cost of Devices: Highly advanced devices can be expensive and not available to all, at least some of them.
Market entry and product approvals Regulatory hurdles: Extremely high regulatory standards can be the roadblock for market entry and product approvals.
How are the skin aesthetic devices market going to develop in the future?
The skin aesthetic devices market is in for a great ride and certain trends are set to make it big:
Home-use machines: Demand for at-home therapies and the creation of easier-to-use machines.
Individualized treatments: Individualized treatment according to skin issues.
What can the manufacturers do to make good on the market growth for skin aesthetic devices?
The manufacturing sector can grow through:
All about innovation: Building cutting-edge products with the latest technology and functionality.
Strong Distribution Channels: Develop powerful distribution channels for a larger number of customers.