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According to The Insight Partners’ research, the global skincare treatment devices market accounted for US$ 10,898.26 million in 2021 and is expected to reach US$ 23,378.96 million by 2028, recording a stellar annual growth rate of 11.5% from 2021 to 2028. Prevalence of skin disorders & awareness about beauty devices and new product launches with developments & strategic collaborations are the key parameters aiding the market expansion.

The rising cases of skin disorders such as dermatitis, acne, psoriasis, warts, moles, and lesions are creating the demand for skincare products and devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting over 50 million people annually. Besides, the changing beauty standards and the cosmetics industries are also luring customers for their skincare products. The rising geriatric population prone to wrinkles and aging demands anti-aging, toning, and skin rejuvenation treatment. As per the Aesthetic Society, 41,301 skin rejuvenation procedures were performed in the US, generating a revenue of US$ 31,567,167 in 2020.

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Key players dominating the global skincare treatment devices market are Allergan Plc; Cutera, Inc; Merz Pharma; Hologic, Inc; Candela Medical; Panasonic Corporation; Michelson Diagnostics Ltd; Bausch Health Companies Inc; Lumenis Be Ltd; and PhotoMedex among others.

Skin disorders and trend of good aesthetic appearance fuels the beauty industry to bring in more skincare products. Moreover, the research and development activities launch new products every year. However, the strategic collaborations between various market players to quench the market demands have been the prime accelerator of the skincare business. In January 2022, Obagi launched Skintrinsiq, a device to remove impurities from the skin. In March 2022, Lumenis Be, Ltd launched triLift, a facial stimulation device to treat aging elements by targeting epidermal tissues. Such product developments and company mergers with the aforementioned elements bolster the global skincare treatment devices market.

On the contrary, the high cost of skincare treatment devices and adverse after-effects restrict the growth of global skincare treatment devices market.

Based on product, the market is split into light/LED therapy & photo rejuvenation, liposuction, electrosurgical, microdermabrasion, laser-based, and cryotherapy devices. The laser-based segment held 26.69% market share in 2021. It was valued at US$ 2,908.51 million in 2021 and is estimated to generate US$ 6,466.75 million by 2028 to grow at 12.1% CAGR during 2021–2028.

According to the application, the domain is arrayed into cellulite reduction, hair removal, skin rejuvenation, skin tightening & body contouring, and others. The hair removal segment occupied 30.80% market share in 2021 with a valuation of US$ 3,356.81 million. Later, it is forecasted to accrue US$ 7,309.95 million by 2028, surging at 11.8% CAGR along the forecast period.

Speaking of distribution channel, the market segmentation comprises online retails, specialty stores, supermarkets/hypermarkets, and other sales channels. The specialty stores segment captured 40.15% market share in 2021, amassing US$ 4,375.78 million. Further, it is slated to accumulate US$ 9,475.28 million by 2028 to develop at 11.7% CAGR during the forecast period.

In terms of end-user, the global skincare treatment devices market is fragmented into dermatology clinics, hospitals, spas & salons, and others. With 38.44% share of the business, the dermatology clinics segment led the market in 2021. It was evaluated at US$ 4,189.23 million in 2021 and is speculated to be worth US$ 9,253.20 million by 2028, soaring at 12.0% CAGR throughout the forecast period.

Our regional analysis states that North America dominated the market in 2021 with 39.36% share of the domain, accounting for US$ 4,289.13 million. Later, it is likely to hit US$ 9,283.89 million by 2028, featuring a CAGR of 11.7% over the forecast period. Asia Pacific is spurring at 12.1% CAGR, the highest one. The regional business was assessed at US$ 2,357.09 million in 2021 and is supposed to be worth US$ 5,256.32 million by 2028.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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