The Global SkinRejuvenation Devices Market, by Products (Laser Devices ,Intense PulsedLight Devices, Radiofrequency Devices ,Ultrasound Devices, LED Devices,Mechanical Energy Devices), by End User (Dermatology Clinics, Beauty Centersand Others), and by Region (North America, Latin America, Europe, Asia Pacific,Middle East, and Africa) was valued at US$ 1,478 million in 2017, and isprojected to exhibit a CAGR of 9.3% over the forecast period (2018 – 2026).
Skin rejuvenation procedures arehighly preferred in order to make visual appearance appealing and gainconfident body language. They are rapidly emerging as alternative tochemical-based treatment or pharmacological treatment to treat various skinproblems such as wrinkles, dark circles, facial lines, pigmentation, scars,stretch marks, acne, dry and itchy skin, and age spots. According to 2017,Plastic Surgery Statistics Report by American Society for Plastic Surgeons,around 587,903 and 586,662 laser skin resurfacing procedures were reported inthe U.S. in 2017 and 2016 respectively. According to same source, around740,287 microdermabrasion procedures were reported in 2017, such high number ofskin rejuvenation procedures are expected to drive growth of the skinrejuvenation devices market. Same source quotes that there is 186% rise incosmetic minimally invasive procedures during 2000 to 2017 that shows enormouspreference for such procedures. According to the American Society for AestheticPlastic Surgery’s national data bank, the U.S. spent US$ 2,332,965,407 in 2015,on skin rejuvenation procedures of which significant amount is expected to bespent on device.
Furthermore, increased agingpopulation worldwide especially in developed economies and increased disposableincome of population in emerging economies such as China, India, and Brazil areexpected to fuel growth of the market. Indian Market is expected to witnesssignificant growth due to medical tourism prospects into the country from costcompetitiveness and skilled human resource in medical and cosmetic proceduresector. For instance, according to a statistics, India issued more than 0.17million medical visas in 2016, including for follow up treatment, as against0.12 million in 2015. According to the International Society of AestheticPlastic Surgery (ISAPS) report, in 2016, the top five countries – the U.S.,Brazil, Japan, Italy, and Mexico – accounted for around 41.4% of the world’scosmetic procedures, followed by Russia, India, Turkey, Germany, and France.
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New product launches andacquisitions by key players are expected to drive growth of the skinrejuvenation devices market
Key players are launchinginnovative products in the endoscopy market on order to maintain leadingposition in market. These new products address the various needs such minimuminvasion and efficient performance for skin rejuvenation treatment. Forinstance, in 2016, BISON MEDICAL launched its ACCENTO long pulse alexandritelaser device. It has two designs based on wavelength such as single accento 755nm and accento dual with 755 and 1064 nm. It is indicated for dermatologyapplication. In January 2018, Cutera, Inc. launched Juliet and Secret RF to itsproduct offerings of laser and energy-based device. Market players areacquiring companies that could complement and add to product portfolio andcould expand geographical presence. In March 2017, Hologic, Inc. acquiredCynosure, Inc., which is a developer, manufacturer and supplier of a broadarray of light-based aesthetic and medical treatment systems.
Browse 22 Market Data Tables and18 Figures spread through 175 Pages and in-depth TOC on “Skin RejuvenationDevices Market”- by Products (Laser Devices, Intense Pulsed Light Devices,Radiofrequency Devices, Ultrasound Devices, LED Devices, Mechanical EnergyDevices), by End User (Dermatology Clinics, Beauty Centers and Others), and by Region (North America, Latin America,Europe, Asia Pacific, Middle East, and Africa)
Key Takeaways of the SkinRejuvenation Devices Market:
The global skin rejuvenationdevices market is expected to exhibit a CAGR of 9.2% over the forecast period,owing to increasing adaptation of the minimally invasive skin procedures withthe help of various devices such as laser device and energy-based device.
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Among product type, intense pulselight devices segment is expected to hold dominant position due to highernumber of procedures performed annually with this devices. However, laserdevices segment is expected to exhibit high CAGR over rest of the products dueto several new product launched in recent past and faster adoption of thesedevices by dermatologist.
Among end users, dermatologyclinic segment is expected to hold largest market share due to availability ofskin rejuvenation devices in the dermatology premises, skilled human resources,and increased awareness among consumer regarding dermatology treatment.
North America is expected to bethe dominant region in the skin rejuvenation devices market, followed by LatinAmerica. The U.S. spends highest amount on the cosmetic skin rejuvenationprocedures in the world. Key players are also launching new products intomarket, which is expected to propel growth of market in the region.Furthermore, Asia pacific is expected to exhibit highest CAGR due to risingdisposable income thereby spending over cosmetic procedures.
Key players operating in the skinrejuvenation devices market include Cutera Inc., Hologic, Inc., LutronicCorporation, Syneron Medical Ltd., Lumenis Ltd., Strata Skin Sciences, Inc.,BISON MEDICAL, Solta Medical Inc., Lynton Lasers Ltd., and EL.En. S.p.A.,Sciton, Inc., Fotona D.O.O., and Alma Lasers, Ltd.
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