NEWARK, Del, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The skin care devices market is projected to be valued at US$ 23.8 Bn in 2023 and is estimated to grow to US$ 101.5 Bn by 2033. The market is anticipated to record a significant CAGR of 15.6% during the forecast period.
The growing demand for skin care devices due to the growing disposable income, the standard of living, and electronic goods are enhancing the market share. The increasing number of beauty experts, skin disorders, and end-use industries result in the adoption of skin care devices. Moreover, a few more factors fueling the skin care devices market share, such as the growing demand for spinning discs, non-invasive procedures to speedily regenerate skin cells, and increasing millennial consumers.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13111
Skincare companies aim to innovate devices to provide better skin treatment and prevent skin problems to boost market expansion. However, the increasing adoption of skin care devices to treat skin problems such as scabies, warts, fungal infection, and psoriasis also propel market opportunities. The growing number of cosmetic procedures such as skin lightening, tightening, body contouring, and rejuvenation in the cosmetic industry greatly contributes to impelling the skin care devices market growth.
The increasing adoption of skin care devices to maintain daily skincare routine drives the market share. Several top skin care companies are there providing skin care devices to consumers in a kit to maintain healthy and hydrated skin, thus increasing the market opportunities.
The key players provide beauty skin care devices at a reasonable cost to maintain skin daily. However, consumers' adoption of skin care devices for their sensitive, dull, and wrinkled skin is likely to bolster the skin care devices market size during the forecast period.
In the past few years, the DIY beauty trend has attracted consumers to avoid visits to clinics, salons, and spas. The growing DIY promotes consumers to maintain their skin health at home without going anywhere. The adoption of DIY reduces the usage of chemical products and encourages organic products and better devices on the e-commerce platform. To avoid the spread of harmful in-toxicity to the skin, consumers shift their preferences towards DIY beauty and consequently increasing the sales of skin care devices.
Key Takeaways from the Skin Care Devices Market:
- The skin care devices market is expected to have a valuation of US$ 101.5 Bn by 2033.
- With a CAGR of 15.6%, the market for skin care devices is increasing during the forecast period.
- The market in the United States is anticipated to grow at a CAGR of 10.6% through 2033.
- With a CAGR of 13.8%, the UK market is likely to uplift during the forecast period significantly.
- The China market is estimated to grow at a CAGR of 24.4% over the forecast period.
- Acne treatment devices are the global market leader, with a CAGR of 15.9% during the projection period.
- With a CAGR of 16.2% throughout the projection period, the modern trade category dominates the worldwide market.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-13111
Who is winning?
The market is consolidated by the number of present players globally during the forecast period. The players are innovating and launching skincare devices to prevent the skin damage and other issues to attract consumers' attention and are also advancing the market growth. These players dive deeply into the market and come out with the unique ideas to expand their business.
The prominent vendors are fuelling the market growth by adopting several marketing methodologies such as mergers, collaborations, acquisitions, and partnerships. In the coming years, these players will launch advanced skincare devices which are estimated to bolster the market share.
In 2020, According to a report by the American Society of Plastic Surgeons, nearly 15.6 million people in the US adopted cosmetic procedures whereas, 13.2 million were minimally invasive and 2.3 million were cosmetic surgical procedures.
Skin Care Devices Market by Category
By Product Type:
- Cleansing Devices
- Anti-aging Devices
- Skin Texture & Tone Enhancement Devices
- Acne Treatment Devices
By End User:
- At-home
- Salon & Spa
By Price Range:
- Economy Below US$ 25
- Mid-range US$ 25-200
- Premium US$ 200 & Above
By Sales Channel:
- Direct Sales
- Modern Trade
- Departmental Stores
- Specialty Stores
- Online Retailers
- Mono Brand Stores
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- Middle East & Africa (MEA)
Ask For Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-13111
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
Complete TOC with Report Preview @ https://www.futuremarketinsights.com/reports/skin-care-devices-market
Have a Look at Related Research Reports of Consumer Product
BRICS Oral Care Market Size: The personal care industry broadly comprises bath and shower products, colour cosmetics, skin care, hair care, oral care, and others. In recent years, personal care products are finding profound use in day to day life of consumers.
Men's Skincare Products Market Forecast: the men’s skincare products market is estimated at US$ 13,572.6 Mn in 2022 and is projected to reach US$ 28,344.8 Mn by 2029, at a CAGR of 8.0% from 2014 to 2021.
Anti-Pollution Skin Care Market Demand: The Anti-Pollution Skin Care Market is likely to hold the global market at a moderate CAGR of ~7.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 7.9 Billion in 2022 and is likely to cross ~US$ 14.48 Billion by the end of 2032.
Skin Lightening Products Market Growth: FMI’s 300 pages report on skin lightening products market studies various factors supporting growth across seven key regions.
Baby Personal Care Market Outlook: The Baby Personal Care Market is likely to hold the global market at a moderate CAGR of ~5% during the forecast period. The global market holds a forecasted revenue of US$ 5.8 Billion in 2022 and is likely to cross US$ 8.31 Billion by the end of 2032.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
