Industry Overview
Skincare devices are used for the diagnosis and treatment of skin ailments. Global skincare devices market was valued at USD 8.2 billion in 2017. Different types of diagnostic and treatment devices contributed to the skincare devices market size. The market has witnessed high demand for diagnostic devices for skin diseases over the last few years due to the increasing awareness regarding the diagnosis of skin ailments.
- Request for Sample Copy of Research Report at: https://www.vynzresearch.com/healthcare/skincare-devices-market/request-sample
Market Segmentation
1) Insight by Type
This segment is divided into innumerable subdivision. However, following are the major dominant ones:
· Diagnostic Devices
o Biopsy devices
o Dermatoscopes
o Image-guided systems
· Treatment Devices
o Electrosurgical devices
o Light-based devices
o Laser-based devices
o Cryotherapy devices
o Microdermabrasion
o Others
Of all these diagnostic devices image-guided systems market witnessed the highest growth worldwide, which is due to the technological advancements and miniaturization of these devices. Of all these devices laser devices market is growing at the highest CAGR and expected to maintain the highest demand in skin care devices market during the forecast period.
2) Insight by Distribution Channel
Following are the two distribution channels for skin care devices in the report:
· Direct Channels
· Indirect Channels
Skincare devices are more sold through indirect channels as compared to direct channels, however, with the increasing internet penetration market players are leveraging the benefits of direct channels also.
3) Insight by Application
Different applications of skin care devices are:
· Disease Diagnosis and Treatment
· Hair Removal
· Skin Rejuvenation
· Cellulite Reduction
· Body Contouring and Skin Tightening
· Others
Aging population and increasing awareness among the people to look young has led to the highest growth in body contouring and skin tightening devices market at 10.5% CAGR during 2014-2017.
4) Insight by End User
Different end users of skin care devices are:
· Dermatology Clinics
· Hospitals
· Spas and Calons
· Others
Skincare devices were mostly sold to dermatology clinics and hospitals, however, their demand in salons and spas is increasing rapidly due to miniaturization of these devices and reducing costs.
- Explore Related Research Report at: https://www.vynzresearch.com/healthcare
Industry Dynamics
1) Growth Drivers
Factors that have been acting as the driving factors for the growth of this industry are:
i. Increasing cases of skin ailments
ii. Advancements in technology
iii. Increasing healthcare expenditure
iv. Growth in disposable income
v. Increasing usage of home use devices
2) Challenges
The major challenges faced by the key players in this industry are:
i. High cost of equipment
ii. Side effects associated with these devices
3) Industry Ecosystem
Globally industry players are leveraging market growth through usage of e-commerce. Consumers can easily access these devices through online channels of distribution. Home-use skincare devices and hand-held devices have seen the maximum growth in demand through e-commerce. In the coming years also, industry players are anticipated to investing the direct marketing and sales of their products.
- Read Full Research Report at: https://www.vynzresearch.com/healthcare/skincare-devices-market
Geographic Overview
- Asia Pacific — Japan, China, India, Australia, South Korea, and Rest of Asia-Pacific
- North America — US, Canada, and Mexico
- Europe — UK, Germany, France, Italy, Spain, and Rest of Europe
- Rest of the World – Brazil, South Africa, Saudi Arabia, U.A.E., and Others
Geographically, North America is the largest skincare devices market as the region is home to large number of industry players and also has the highest healthcare expenditure globally. Moreover, high disposable income in the region lead to high out of pocket expenditure by consumers in North America especially in the U.S. According to the World Bank, the GNI per capita in the U.S. was $48,880 in 2010 and increased to $58,700 in 2016.
Competitive Insight
The Key players in Global Skincare Devices market are: Michelson Diagnostic Ltd., Merz Pharma GmbH & Co. KGaA, Lumenis Ltd., Alma Lasers Ltd., PhotoMedex Inc., Hologic Inc., Valeant Pharmaceuticals International Inc., Galderma SA, Beijing Toplaser Technology Co Ltd. And Panasonic Corporation.
Contact Us:
VynZ Research
Toll-Free: 1-888-253-3960
Website: www.vynzresearch.com
Email: support@vynzresearch.com
No comments:
Post a Comment