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Global Skin Care Treatment Devices Market Expected to Grow at Over 11.5% CAGR by 2028

this skin care treatment devices According to a report by ResearchAndMarkets, the market is projected to reach $23,378.96 million by 2028, up from $10,898.26 million in 2021, and grow at a CAGR of 11.5% over the period 2021-2028.

The increasing prevalence of skin disorders, a growing beauty industry, and increasing demand for aesthetics are creating the need for skincare treatment devices. Manufacturers are constantly working to develop new products and innovations to meet this demand from a large population.

Increasing strategic collaborations between various market players leads to the development of new products with combined technology, thereby accelerating the growth of the skin care devices market.

Minimal and Non-Intervention Beauty Treatments

Alongside product launches, increasing demand for minimal and non-invasive beauty treatments is driving the skincare treatment devices market.

There has been an increase in technology integration such as ultrasonic technology, radiofrequency, microcurrent and artificial intelligence (AI) in various products launched recently. For example, in August 2020, Lumenis Ltd. announced the latest innovation: NuEra Tight with FocalRF technology.

The platform offers a breakthrough in personalized non-invasive RF body treatments to meet the unique needs of each patient. NuEra Tight with FocalRF technology has been developed to provide special body treatments according to the different needs of a patient. The new technology provides practitioners with advanced tools for today’s aesthetic patients that take into account clinical indications and specific body regions in a single device.

The increase in R&D activities and increased investments by market players in the development and renewal of advanced skin care treatment devices is expected to support market growth. Therefore, increased strategic collaborations between market players allow the use of other resources in terms of technology and research, leading to the development of new products.

The global skincare treatment devices market is segmented on the basis of product, application, distribution channel and end user. The product-based skincare treatment devices market is segmented as follows: light/LED therapy and photo rejuvenation device, liposuction devices, microdermabrasion devices, laser-based devices and cryotherapy devices.

Laser-based devices had the largest market share in 2021 and are expected to record the highest CAGR in the market during the forecast period due to the increasing number of cosmetic surgeries and the use of medical lasers in these surgeries.

Depending on the application, the skin care treatment devices market is cellulite reduction, hair removal, skin rejuvenation, skin tightening and body shaping, among others. The hair removal segment had the largest share of the market in 2021. In addition, the skin tightening and body contouring segment is estimated to have recorded the highest CAGR in the market during the forecast period.

Depending on the distribution channel, the skin care treatment devices market is segmented into online retail stores, specialty stores, supermarkets/hypermarkets and other segments. The specialty stores segment had the largest share of the market in 2021. The online retail segment is estimated to have recorded the highest CAGR in the market during the forecast period.

Based on the end user, the skin care treatment devices market is segmented into dermatology clinics, hospitals, spas and beauty salons. The dermatology clinics segment has the largest share of the market in 2021, while the hospitals segment is estimated to have recorded the highest CAGR in the market during the forecast period.

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