What is the Market Size of the Skincare Devices?

What is the Skin Care Market in 2024?

The global skincare devices market revenue was valued at USD 17.32 billion in 2023 and is poised to grow from USD 19.22 billion in 2024 to USD 49.17 billion by 2033, at a CAGR of 11% during the forecast period 2024 – 2033. The skincare devices market is growing rapidly due to the trend of minimally invasive surgery, the rise in consciousness about beauty, and the increase in the geriatric population.

Skincare Devices Market Statistics

Market Overview

The skincare devices market includes the industry section working towards manufacturing and delivering specialized strategies designed to develop skincare routines and address several skin worries. These devices can comprise equipment such as LED therapy devices, different facial cleansing brush devices, microdermabrasion apparatuses, and more. The skincare devices market is noticeable due to the swift step of technical development and the increasing customer consciousness regarding skincare remedies ranging beyond traditional interesting products.

The market has observed a substantial flow in the request for at-home skincare services, boosted by the wish for suitable and actual approaches to attain improved and more glowing skin. Therefore, the skincare devices market is considered by its active and advanced-looking landscape, with continuing product revolutions that are attentive to improving the customer experience and bringing enhanced results.

  • Skincare devices continuously concentrate on personalized services for all skin types, problems, and lifestyles. Cutting-edge technologies such as artificial intelligence and machine learning analyze skin texture to offer customized treatment plans that ensure the desired result for users.
  • With the growth of the Internet of Things (IoT), skincare devices are associated with each other. Smart devices can connect with smartphones or any other wearable devices to track skincare routines and suggest feedback to enhance skin condition and experience effectiveness.
  • Advanced skincare devices are designed in such a way that they can offer multiple functions in a single device, offering versatility and convenience to the users. To treat all skin-related issues such as wrinkles, acne, and pigmentation, it offers cleansing, exfoliating, massage, and many other treatments and helps customers save time.
  • Compact and portable skincare devices are becoming popular in the skincare devices market and allowing customers to follow their skincare regime anywhere possible. It may be an LED therapy mask, cleansing brush, or anything. With the help of skincare devices, it is easy for users to prioritize skincare anywhere; this promotes efficacy and consistency.

Rising concern is increasing the demand for skincare devices in the market

The skincare devices market is observing robust development for numerous reasons. The market is considered to be based on quick technical progressions and growing customer consciousness about skincare solutions outside topical things. The request for at-home skincare devices has increased as customers want operative and suitable traditions to get better skin. The incorporation of (IoT) Internet of Things and smart expertise into skincare devices has additionally transformed the market, permitting operators to customize their skincare practices for the best results.

The market is boosted by various factors, such as the growing demand for non-invasive and slightly invasive skincare checkups, particularly for anti-aging issues. The market profits from the rising preference for do-it-yourself (DIY) skincare procedures and the growing acceptance of progressive beauty machinery. Moreover, the elderly population and the wish for young skin contribute to market development.

However, the industry experiences issues like severe controlling supplies and the requirement for clinical authentication for a few devices. The inexpensive landscape is noticeable when a crowd of companies presents advanced products to increase competitive advantage. For industries, this market offers promising chances, particularly in the growth of IoT-based skincare devices and tailored beauty resolutions. As technology continues to change and customer demand for cutting-edge skincare devices continues to get strong, the skincare devices market is controlled for continued development and revolution.

The market experiences restraints mainly due to partial supervisory outlines and cost restraints. Initially, the skincare device business frequently absences, completely controlling misunderstandings related to drugs or medical devices. This breach increases worries about product security, value, and usefulness, which can discourage both manufacturers and customers. The lack of strict rules may be upshot in substandard devices inflowing the market, possibly damaging customers and declining the trust in the market.

Skincare Devices Market Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 19.22 Billion
Market Revenue by 2033 USD 49.17 Billion
Market CAGR 11% from 2024 to 2033
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market Asia-Pacific
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Top Companies in the Skincare Devices Market

  • Nu Skin Enterprises
  • TRIA Beauty, Inc.
  • PhotoMedex, Inc.
  • Syneron Medical Ltd.
  • Alma Lasers
  • Sciton Inc.
  • Cutera Inc.
  • Lumenis Ltd.
  • Fotona d. o. o.
  • Johnson & Johnson
  • Bloomage Biotech
  • Lutronic Corporation
  • Cynosure Inc.
  • Hologic Inc.

Recent Development by Cynosure Inc. and Lutronic Corporation

  • In January 2024, Cynosure Inc. and Lutronic Corporation announced that they had merged agreement to create a leading global medical aesthetics technology company.

Recent Development by Lumenis Ltd. and Bloomage Biotech

  • In March 2023, two major companies, Bloomage Biotech, which is a leader in sodium hyaluronate products, and Lumenis Ltd., which is a pioneer medical equipment provider, combined to release M22 medical wound dressing for postoperative laser skincare treatments.

Regional Insights

Asia Pacific is projected to perceive the fastest development during the forecast period. Skincare devices are receiving popularity because of the cultural importance of skincare and its young presence. Countries such as Japan and South Korea have a deep-rooted market, especially for beauty and skincare products, which range up to skincare devices. The area is also facing a flow in demand for digital skincare devices joined with mobile applications, contributing to personalized skincare routines. The Asian market is well-known for its initial acceptance of technology, and skincare devices bring into line with this technophile customer base, driving constant development and invention in the market.

North America dominated the skincare devices market in 2023. In that region, the market is considered to have robust attention on technological invention and customer-driven demand for innovative beauty solutions. Customers in this region emphasize actual and suitable skincare practices, driving the acceptance of advanced devices like microdermabrasion devices, facial cleansing brushes, and LED therapy masks.

Market Potential and Growth Opportunity

Customer consciousness and technological progression

Customer consciousness and technological progressions are two essential features boosting the robust mandate for skincare devices. The rising consciousness among customers regarding skincare and their wishes for fruitful solutions has driven the mandate for skincare devices. Such devices give professional-grade therapy that can be accessed at home. Customers are progressively motivated to take regulator of their skincare regime, contributing meaningfully to the extension of the market.

Furthermore, constant technological progressions have transformed the skincare devices market. The personalized and ease presented by current skincare devices effortlessly align with consumers' prospects today. This arrangement has led to a flow in demand for these advanced products. As expertise in the market continues to develop, with devices becoming progressively cultured, the market is composed for further extension. Customers are expected to trust these devices to meet their developing skincare requirements.

Skincare Devices Market News

  • In January 2024, Carol Cole Company, Inc., which is a leading pioneer in microcurrent technology, was formed to develop and market revolutionary new products, and one of them is the NuFACE device, which is an at-home beauty device helping all their clients to look and feel more beautiful.
  • In August 2023, Rhyz Inc., which is a subsidiary of Nu Skin Enterprises, Inc., announced the acquisition of BeautyBio, which is a clean and clinically proven skincare and beauty device brand.
  • In September 2022, L’Oreal, which is a leading global skincare brand, signed a contract to obtain SkinBetter Science, an American doctor-distributed skincare brand.

Market Segmentation

By Product

  • Diagnostic Devices
  • Treatment Devices

By Application

  • Hair Removal
  • Skin Rejuvenation
  • Acne, Psoriasis, and Tattoo Removal
  • Wrinkle Removal and Skin Resurfacing
  • Body Contouring and Fat Removal
  • Cellulite Reduction
  • Vascular and Pigmented Lesion Removal
  • Others

By End User

  • Hospitals
  • Clinics
  • Others

Buy this Research Report@ https://www.precedenceresearch.com/checkout/3484

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 650 460 3308