
North America Skincare Treatment Devices Market
No. of Pages: 143 | Report Code: BMIRE00025095 | Category: Life Sciences
No. of Pages: 143 | Report Code: BMIRE00025095 | Category: Life Sciences
The rising prevalence of dermatitis; acne; psoriasis; and other skin anomalies, such as warts, moles, and lesions, are creating the demand for skincare treatment devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million people annually. Thus, a surge in acne conditions is creating the need for skincare treatment devices. Additionally, changing beauty standards and the progressive beauty industry are creating demand for skincare treatment devices. Moreover, geriatric populations are prone to wrinkles, and they tend to be highly inclined toward antiaging, toning, and skin rejuvenation products to hide the signs of aging. As per The Aesthetic Society, 41,301 skin rejuvenation procedures were performed in the US in 2020, generating a revenue of US$ 31,567,167. Further, a rise in consumer awareness about skincare treatments is triggering the number of medical spas and skin clinics to provide affordable skin treatments for various skin conditions. Technological advancements and a surge in R&D activities are encouraging the launch of new and innovative devices for skincare treatments. In addition, there has been an increase in demand and inclination toward home-based skincare devices, especially portable ones. These devices are based on microcurrent and ultrasonic technic technology. In July 2021, NuFACE, an innovative at-home microcurrent technology provider, announced its latest skincare innovation with IonPlex Ionized Skincare Activators—a unique blend of electrically charged ions and glacial water that deliver a surge of active ingredients for optimal microcurrent results and healthy, younger-looking skin. Furthermore, increasing awareness about appearance, rising consumer awareness about skincare devices, and surge in demand for aesthetics are magnifying the demand for skincare treatments, such as laser treatments, body contouring, and skin tightening, which boosts the skincare treatment devices market growth.
With new features and technologies, vendors can expand their customer base and footprints in emerging markets. This factor is likely to drive the North America skincare treatment devices market at a substantial CAGR during the forecast period.
Strategic insights for the North America Skincare Treatment Devices provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 4,289.13 Million |
Market Size by 2028 | US$ 9,283.89 Million |
Global CAGR (2021 - 2028) | 11.7% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Skincare Treatment Devices refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
North America Skincare Treatment Devices Market Segmentation
The North America skincare treatment devices market is segmented on the basis of product, application, distribution channel, end user, and country. Based on product, the market is segmented into light/LED therapy and photo rejuvenation devices, liposuction devices, electrosurgical devices, microdermabrasion devices, laser-based devices, and cryotherapy devices. In 2021, the laser-based devices segment held the largest share of the market; it is expected to register the highest CAGR during the forecast period. Based on application, the North America skincare treatment devices market is segmented into cellulite reduction, hair removal, skin rejuvenation, skin tightening and body contouring, and others. In 2021, the hair removal segment held the largest market share, and the skin tightening and body contouring segment is expected to register the highest CAGR in the market during the forecast period. Based on distribution channel, the North America skincare treatment devices market is segmented into online retails, specialty stores, supermarkets/ hypermarkets, and other sales channels. In 2021, the specialty stores segment held the largest market share. On the other hand, the online retails segment is expected to register the highest CAGR in the market during the forecast period. Based on end user, the North America skincare treatment devices market is segmented into dermatology clinics, hospitals, spas & salons, and others. In 2021, the dermatology clinics segment held the largest share of the market, and it is further expected to record the highest CAGR in the market during the forecast period. Based on country, the North America skincare treatment devices market is segmented into the US, Canada, and Mexico. In 2021, the US held the largest market share, and the market in this country is expected to grow at the fastest CAGR during the forecast period.
Allergan Plc; Cutera, Inc.; Merz Pharma; Hologic, Inc.; Candela Medical; Panasonic Corporation; Michelson Diagnostics Ltd.; Bausch Health Companies Inc.; Lumenis Be Ltd.; and PhotoMedex are among the leading companies in the North America skincare treatment devices market.
The North America Skincare Treatment Devices Market is valued at US$ 4,289.13 Million in 2021, it is projected to reach US$ 9,283.89 Million by 2028.
As per our report North America Skincare Treatment Devices Market, the market size is valued at US$ 4,289.13 Million in 2021, projecting it to reach US$ 9,283.89 Million by 2028. This translates to a CAGR of approximately 11.7% during the forecast period.
The North America Skincare Treatment Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Skincare Treatment Devices Market report:
The North America Skincare Treatment Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Skincare Treatment Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Skincare Treatment Devices Market value chain can benefit from the information contained in a comprehensive market report.