According to the current analysis of Reports and Data, the global Skincare Device Market was valued at USD 13.54 Billion in 2020 and is expected to reach USD 37.42 Billion by the year 2028, at a CAGR of 13.3%. There are possibly two clinically and biologically distinct aging processes affecting the skin. The first is intrinsic aging, defined by "the biologic clock," which affects the skin by slow, irreversible tissue degeneration. The second is extrinsic aging, "photo-aging', which is due to the chronic exposure of the elements such as ultraviolet radiation. The world of skincare can seem a bit overwhelming. The beauty and wellness industry is growing extensively all over the world. Increased emphasis on holistic wellbeing with people's desire to look good and young are other motivators for the growth of the skincare device market.

Cosmetic procedures may be undertaken to achieve different objectives, even among a specific age demographic. There are two types of skincare devices, diagnostic devices and treatment devices. With a shift in focus towards the quality of service, the industry has been looking for a professionally skilled workforce to sustain growth. Different types of diagnostic and treatment devices contributed to the skincare devices market due to the manufacturing of technologically well-equipped devices. The medical and aesthetic skin procedures have shown the rapid surge within the last decades due to the greater number of new skin cancer diagnoses and higher demand for skin rejuvenating practices. The changing trends and technologies have also played a huge role in the high boom of the skincare device market during the forecast period. Shift from traditional method to a minimally invasive procedure improved the diagnostic procedure, and reliable outcome of the skincare treatment is significantly contributing to the market growth. Treatment of skin disorder using laser technologies is one of the popular methods for improving facial wrinkles, scars, and blemishes. Despite the success of the treatment, factors such as high cost of treatment, associated side effects, heat injury to the skin, scarring, skin eruptions, and infections as well as increased pain and discomfort down the line, are expected to hinder the skincare devices market during the forecast period.

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Further key findings from the report suggest

• The skin care device market is growing at a CAGR of 9 %in Asia Pacific followed by North America and Europe, with 8.9% and 8.6% CAGR, respectively. High demand for skin care procedure across the globe is the key factor to accelerate market growth during the forecast period across all regions.
• Skin rejuvenating is expected to be the dominating segment of skincare device market. which holds the highest market share of 27.5% and growing with the  CAGR of 8.8% due to the high demand for skincare treatment among the females and better and reliable outcomes of the global skincare device market
• Disease diagnosis segment is expected to be the fastest-growing market segment during the forecast period with a CAGR of 10.7%. Due to high rise of skin diseases, individuals are pertaining to the skincare device market. According to the American Academy of Dermatology it is estimated that more than 9,500 people in the U.S. are diagnosed with skin cancer every day.
• 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. Direct channels offer market players opportunities to increase their profit margin even by pricing their products at a lower costs

Key Players covered in this report 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., Syneron Medical Ltd., and Panasonic Corporation.

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Type (Revenue, USD Million; 2018–2028)

• Treatment Devices
• Diagnostic Devices
• Biopsy Devices
• Dermatoscopes
• Others

Distribution Channel (Revenue, USD Million; 2018–2028)

• Direct
• Indirect

Application (Revenue, USD Million; 2018–2028)

• Hair Removal
• Skin Rejuvenation
• Diseases Diagnosis
• Cellulite Reduction
• Skin Tightening Body Contouring,
• Others

End-Use (Revenue, USD Million; 2018–2028)

• Dermatology Clinics
• Hospitals
• Spas and Salons
• Others

Geographic Segment Covered in the Report:

The Skincare Devices report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)

Major Points covered in this report are as below:

• The Skincare Devices industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.

• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

• The Skincare Devices Market report provides key statistics on the market status of the Skincare Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

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