The global skincare devices market Growth Accelerated by Increased Adoption of Anti-Aging Skincare Devices

Skincare devices are used to treat various skin conditions including acne, pigmentation, anti-aging, skin rejuvenation, hair removal, and skin tightening and body contouring. Skincare devices offer non-invasive procedures to address fine lines, wrinkles, dark spots, and sun damage. Increasing adoption of non-invasive aesthetic procedures and growing awareness about skincare treatments are driving the demand for skincare devices.

 The global Skincare Devices Market is estimated to be valued at US$ 40,139.2 Mn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased adoption of anti-aging skincare devices is one of the key trends driving the growth of the skincare devices market. Aging population coupled with high disposable income has boosted aesthetic consciousness and demand for non-invasive aesthetic treatments. People are increasingly opting for anti-aging devices like laser therapy to diminish fine lines and wrinkles. Anti-aging devices offer non-invasive anti-aging treatments to tighten, relax and rejuvenate the skin without any downtime or pain. Various anti-aging devices including laser therapy devices, intense pulsed light devices and radiofrequency devices are gaining popularity driving significant growth in the overall skincare devices market during the forecast period.
Segment Analysis
The global skincare devices market dominated by aesthetic devices sub segment, which accounts for over 60% of the total market share. This is because aesthetic devices help in face rejuvenation, skin tightening and non-invasive fat reduction through procedures like laser resurfacing, intense pulsed light, Radiofrequency treatments etc. These devices have less downtime and are less painful compared to cosmetic surgeries, which drives their dominating demand.

Key Takeaways
The global skincare devices market is expected to witness high growth during the forecast period of 2023 to 2030. Regional analysis shows that North America holds the major share currently and is expected to remain fastest growing region due to high aesthetic consciousness and increased healthcare expenditure. Europe is another key regional market. Asia Pacific is expected to witness highest growth during the forecast period owing to rising disposable income, growing middle class population and increasing awareness about aesthetic procedures in developing countries like China and India. Key players operating in the skincare devices market are Beckman Coulter, Inc., Thermogenesis Holdings, Inc., Maco Pharma International GmbH, Immucor, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Grifols, S.A., Abbott Laboratories, Global Scientific Company, Sigma Laborzentrifugen GmbH, Terumo BCT, Inc., Poly Medicure Ltd, and Thermo Fisher Scientific, Inc.

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