VynZ Research USA 165 Broadway, 23rd Floor, New York City, New York m Global Skincare Device Market (Size of USD $896.3million in 2017) to Witness 28.1% CAGR During 2018–2024

The global skin care devices market was pegged at USD 8.2 billion in 2017, and is expected to reach USD 17.8 billion by Driven by the factors such as increasing cases of skin ailments, advancements in technology, increasing healthcare expenditure, growth in disposable income, and increasing usage of home use devices. The skincare devices market is poised to grow at CAGR of 11.8% during the forecast period ( ). Get Free Report Sample at: market/request-samplehttps:// market/request-sample The global skin care devices market was pegged at USD 8.2 billion in 2017, and is expected to reach USD 17.8 billion by Driven by the factors such as increasing cases of skin ailments, advancements in technology, increasing healthcare expenditure, growth in disposable income, and increasing usage of home use devices. The skincare devices market is poised to grow at CAGR of 11.8% during the forecast period ( ). Get Free Report Sample at: market/request-samplehttps:// market/request-sample Global Skincare Device Market

The market for skin care devices is primarily driven by increasing adoption of aestetic procedures worldwide. With the invention of non-invasive and minimally invasive procedures, consumers and patients are rapidly adopting skin treatment devices such as laser-based technology. Furthermore, with the increasing awareness for cosmetic procedures, the skincare devices market is on surge during the last few years. The International Society of Aesthetic Plastic Surgery (ISAPS) reported in 2017 that women continue to drive the demand for cosmetic surgeries, accounting for 86.2% or 20,362,655 cosmetic procedures worldwide in In terms of type of skincare devices, a treatment device generated largest revenue in the market USD 6.4 billion in 2017 and is expected to grow at the significant rate during the forecast period. Of all the treatment devices, laser devices have witnessed the highest growth during In terms of application, body contouring and skin tightening devices are anticipated to grow at the highest CAGR of 12.8% in the skincare devices market during Global Skincare Device Market

products, growing geriatric population and increasing awareness regarding the adoption of aesthetics are boosting the growth of body contouring and skin tightening devices. On the basis of distribution channel, indirect channel holds larger share in the skincare devices market due to the dominance of conventional distribution network of wholesalers and retailers. However, the market by direct channels are expected to grow at 13.1% during the forecast period. Increasing profit margin and expanding reach of e-commerce network are leading to the higher growth in the market by indirect channels. North America accounted for the major share in the skincare devices market in 2017 as the players in the region are continuously investing capital for the advancement of technology for skincare devices. U.S. accounted for the most number of cosmetic surgeries in The country registered approximately 4,217.9 thousand cosmetic surgeries in 2016, which is highest among all the countries across the globe, representing around 18% of cosmetic procedures performed worldwide. Global Skincare Device Market

Moreover, Asia-Pacific is observed to witness fastest growth in the skincare devices market. Increasing disposable income, development of low cost devices by local players and large consumer base in the region are the leading factors fuelling the Asia-Pacific skincare devices market. Key players in the skincare devices market are investing in the development of at home and hand held devices, which is strengthening their position in the market. However, local players are depending upon new technology to develop low cost products, thus increasing the rivalry in the market to some extent. 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. and Panasonic Corporation are the key players offering skincare products in the market. Global Skincare Device Market

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