Skincare Devices Market to Log 10.1% CAGR to 2018 - Rising Popularity of Substitute Products to Inhibit Market Growth: Transparency Market Research

Albany, NY, Jan. 14, 2016 (GLOBE NEWSWIRE) -- The growing prevalence of skin disorders, coupled with technological advancements in surgical procedures, has propelled the growth of the global skincare devices market. The report offers an overview of the global skincare devices market and points out the key factors affecting the growth of the market. The report analyzes the market attractiveness and also evaluates the impact of Porter’s five forces on the overall market.

The report studies the global skincare devices market on the basis of product type, applications, and geography. The report offers detailed analysis of the growth of the market across key geographical regions.

Describing the competitive landscape, the report profiles some of the key players in the global skincare devices market and provides insightful information about them.

Recent Market Trends & Overview of Global Skincare Devices Market

The global skincare devices market is estimated to expand at a CAGR of 10.1% during the period between 2012 and 2018. The report projects the overall market to be worth US$10.7 bn by 2018. The positive growth of the global skincare devices market can be attributed to the increasing prevalence of skin disorders worldwide and technological advancements fuelling the demand for minimally invasive surgical procedures. The growing medical tourism, along with extensive marketing initiatives, has further augmented demand from the market. However, competitive pricing and high equipment costs are expected to hinder the market growth. The overall market has a huge opportunity to grow across emerging economies such as Brazil, India, Russia, and China.

On the basis of product type, the global skincare devices market has been segmented into diagnostic devices and treatment devices. Diagnostic devices have been further classified into biopsy devices, dermatoscopes, and image guidance systems. Treatment devices have been categorized into microdermabrasion devices, lasabrasion devices, liposuction devices, electrosurgical devices, LED therapy devices, and cryotherapy devices. In 2011, the demand for treatment devices was the highest.

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In terms of applications, the global skincare devices market has been segmented into hair removal, disease diagnostic and treatment, skin rejuvenation, cellulite reduction, damage repair, and skin tightening and body contouring. The demand for body contouring and skin tightening devices is expected to register significant growth in the coming years.

The global skincare devices market has been segmented into four key regions: Asia-Pacific, Europe, North America, and Rest of the World. North America drives the demand from the overall market and is expected to maintain its leading position in the near future.

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Major Companies in Global Skincare Devices Market

Some of the key players in the global skincare devices market are Cutera Inc., Alma Lasers Ltd., Cynosure Inc., Palomer Medical Technologies, Lumenis Ltd., Michelson Diagnostics Ltd., Solta Medical Inc., Photomedex Inc., and Syneron Medical Ltd. The market is highly competitive and the key players are focusing on product innovation and customer awareness. The market players are also partnering with dermatology hospitals and clinics.

Global Skincare Devices Market- by Applications

  • Disease Diagnosis And Treatment
  • Skin Rejuvenation (Acne, Sun Damage, Wrinkles)
  • Hair Removal
  • Cellulite (Fat) Reduction
  • Skin Tightening and Body Contouring
  • Damage Repair (Vascular, Pigmented Lesions and Tattoo Removal)

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About Us:

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research