Global Skin Rejuvenation Device Market is anticipated to grow at a CAGR of 10.1% by 2023

October 25 15:00 2018

“Radiant Insights, Inc.”
The report covers forecast and analysis for the Skin Rejuvenation Device market on a global and regional level.

The global Skin Rejuvenation Device Market is projected to grow at stable CAGR over the forecast period (2018 to 2023), according to a report available on Radiant Insights, Inc. growing need for advanced medical equipment to treat various skin related problems can fuel demand for skin rejuvenation devices. These devices can enhance skin features by reversing ageing signs. Rising adoption of non-invasive surgical procedures among patients can stimulate growth of market. Growing awareness regarding common skin disorders coupled with demand for aesthetic appearance can propel demand for advanced skin rejuvenation treatments. Increasing cases of skin related problems including scars, wrinkles, sun burns, and acne can drive use of advanced equipment during treatment. In addition, increasing geriatric population liable to various skin related problems and demanding rejuvenation of their skin can also impel growth of market. Moreover, continual introduction of new and innovative devices by manufacturing companies can augment growth of market during the forecast (2018 to 2023).

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To cater to rising demand for skin rejuvenation devices, most companies are likely to invest in R&D activities to launch better products. For instance, Lacomri recently launched its 7 color LED light therapy mask for consumers to improve their skin. It can reduce rashes and wrinkles on facial skin by strengthening contours and toning muscles of the face. Both men and women of any age can use this pack and improve their facial skin in minutes. The device is expected to use natural light waves coming from seven different Light Emitting Diodes (LEDs). Each LED is likely to offer specific benefit related to rejuvenation of facial skin. The skin rejuvenation device market can be segregated on the basis of type, application, and region. Based on type, the market can classified into ultrasound devices, Intense Pulsed Light (IPL) devices, and LED devices. IPL devices segment is expected to dominate the market during the forecast period. Increasing use in skin rejuvenation procedures can fuel product demand over the forecast period. Based on application, the market can bifurcated into beauty clinics and household. Beauty clinics segment dominated the market in past few years. It is predicted to grow at similar pace over the forecast period owing to availability of skilled human resources.

Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East and Africa. North America is predicted to account for highest market share during the forecast period. High prevalence of geriatric population in the region can spur growth of skin rejuvenation device market. In addition, increasing disposable income and demand for aesthetic skin care can augment market growth in the region. In Asia Pacific, the skin rejuvenation device market is estimated to witness significant growth over the forecast period. Rising disposable income of middle class population and demand for advanced skin related treatments can stimulate regional growth. In addition, growing adoption of anti-aging procedures to gain aesthetic looks can also propel market growth in the region. Moreover, growth of medical tourism in India can further impel market. Some of the leading companies operating in the skin rejuvenation device market are Cutera, Inc.; Alma Lasers Inc.; Cynosure, Inc.; GE Healthcare; and Michelson Diagnostics. Most companies are likely to adopt business strategies including mergers and acquisitions to gain competitive edge over others. In addition, companies can invest in R&D activities to develop innovative devices and expand their product portfolio.

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Table of Contents:

Part 1. Summary

Part 2. Report Methodology
2.1 Methodology
2.2 Data Source
2.3 Disclaimer

Part 3. Market Overview
3.1 General Information
3.2 Segmentation by Type
3.3 Segmentation by Application
3.4 Regional Skin Rejuvenation Device Market Size (Status & Prospect)
3.4.1 North America
3.4.2 Europe
3.4.3 Asia-Pacific
3.4.4 Middle East & Africa
3.4.5 South America

Part 4. Competitive Landscape
4.1 Global Skin Rejuvenation Device Sales & Share by Company (2013-2018)
4.2 Global Skin Rejuvenation Device Revenue & Share by Company (2013-2018)
4.3 Price Trends
4.4 Competitive Trends

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