Skincare Devices Market Upcoming Trends, Demand, Regional Analysis and Forecast 2029

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Skincare Devices Market
Skincare Devices Market

Dermatology is the science of identifying and treating skin abnormalities and disorders. Eczema, psoriasis, acne, rosacea, ichthyosis, vitiligo, hives, seborrheic dermatitis, and other diseases are treated with skincare devices. The rising prevalence of skin cancer and other skin diseases is a major factor driving the high demand for Skincare Devices Market. Furthermore, growing public awareness of the aesthetic appeal of skincare devices, as well as technological advancements in skincare devices, are significantly increasing the adoption of these devices. One of the important factors driving the market is the rise in disposable income.

Over the forecast period, the rising prevalence of skin disorders is expected to drive growth in the global Skincare Devices Market. According to the Global Polaris Atlas Annual Report 2018-2019, the annual incidence rate of psoriasis was 280 per 100,000 person-years in 2017, with the disease's prevalence increasing (from 2.5 percent in 2011 to 3.9 percent in 2017). Furthermore, the growing geriatric population is expected to contribute to market growth. For example, the World Health Organization predicts that the geriatric population will reach 2 billion by 2050, up from 900 million in 2015.

The global Skincare Devices Market was worth US$ 11,752.2 million in 2019 and is expected to be worth US$ 25,533.7 million by 2027, growing at a CAGR of 10.2 percent between 2020 and 2027. Men's preference for nonsurgical cosmetic treatments is growing in the market. For example, RealSelf, an online resource for learning about aesthetic procedures and connecting with doctors who perform them, reported a 6% increase in the number of men researching nonsurgical cosmetic treatments in 2019 compared to 2018. The market's major players are concentrating on the approval and launch of new products in order to expand their product portfolio. InMode Ltd., for example, launched Evoke, a non-invasive, RF-based platform for facial remodelling, in January 2020. It is a hands-free device that addresses patient aesthetic concerns by heating the skin and subdermal tissue uniformly and controllably.

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