According to our latest study on “Skincare Treatment Devices Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Application, Distribution Channel and End User,” the market is expected to grow from US$ 10,898.26 million in 2021 to US$ 23,378.96 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2021 to 2028. The report highlights the key factors driving the market and prominent players with their developments in the market.

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North America held a significant market share in the skincare treatment devices market. The growth is attributed to various factors such as increase in geriatric population which has created the demand for skin rejuvenation, skin tightening and antiaging treatments for healthy, glowing and young-looking skin. Additionally, the changing beauty industry and standards has increased the demand for home use skincare treatment devices for acne, wrinkles, and signs of aging. Thus, all the discussed factors are driving the skincare treatment devices market.

Increasing Prevalence of Skin Disorders and Rising Awareness About Beauty Devices
The rising prevalence of various disorders such as dermatitis, acne, psoriasis, and other skin anomalies such as warts, moles, and lesions is 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 Americans annually. Thus, a surge in such acne conditions is creating the need for skincare treatment devices. Additionally, changing beauty standards and the beauty industry are creating the demand for skincare treatment devices, thereby driving the skincare treatment devices market.

On the other hand, the rise in consumer awareness about skincare treatments is increasing medspas and skin clinics to provide affordable skin treatments for various skin conditions, thereby boosting the demand for skincare treatment devices. Furthermore, the increase in technological advancements and surge in R&D activities are leading to the launch of new and innovative devices for skincare treatments, thereby propelling the overall skincare treatment devices market share. In addition, there has been an increase in demand and inclination toward home-based skincare devices, which are portable. These devices are based on microcurrent and ultrasonic technic technology. For instance, in July 2021, NuFACE innovative at-home microcurrent technology 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. This has also resulted in the growth of the skincare treatment devices market.

Impact of COVID-19 Pandemic on Skincare Treatment Devices Market:
The COVID-19 outbreak has resulted in dramatic reductions in non-urgent medical services. From 2020 to mid-2021, countries around the globe have imposed lockdowns, which delayed hospital visits. Thus, the delayed hospital visits have shown critical impact on health and delayed the diagnosis of various critical conditions such as skin cancer, skin disorders and other abnormalities. Hospitals experienced drastic reductions in skin biopsies, aesthetic procedures, and other diagnostic procedures for skin disorders. For instance, according to a research article published in March 2021, universal healthcare claims in Ontario showed a drastic drop in total skin biopsies. There was a 15% drop in biopsies from the expected rate. The lockdown has significantly reduced cosmetic and aesthetic procedures as they were considered non-urgent services. The lockdown allowed only emergency procedures with stringent preventive measures to avoid the spread of the virus. The lockdown has also led to the closure of product units, sales, supply chain, and R&D activities for skincare treatment devices. It also delayed the product launches planned by the manufacturers for 2019 and 2020. After the launch of the vaccines in 2021, the situation was under control. Governments relaxed the restrictions on various services, which has created opportunities for the growth of the skincare treatment devices market. Thus, the COVID-19 pandemic has negatively affected the growth of the skincare treatment devices market.
Allergan; Cutera; Merz Pharma; Hologic, Inc.; Candela Corporation; Panasonic Corporation; Michelson Diagnostics Ltd.; Bausch Health Companies, Inc.; Lumenis BE Ltd.; and Photomedex Inc. are among the leading companies operating in skincare treatment devices market.

Based on product, the skincare treatment devices market is categorized into light/LED therapy and photo rejuvenation devices, liposuction devices, electrosurgical devices, microdermabrasion devices, lased-based devices, and cryotherapy devices. The skincare treatment devices market, by application, is segmented into cellulite reduction, hair removal, skin rejuvenation, skin tightening & body contouring, and others. Based on distribution channel, the market is segmented into online retails, specialty stores, supermarkets/hypermarkets, and other sales channels. By end user, the skincare treatment devices market is segmented into dermatology clinics, hospitals, spas & salons, and other end users. Based on geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of SCAM).

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