Global Skincare Devices Market To Be Propelled By Escalating Skin Ailment Rates

2016-12-01
Published : Dec-2016

The global skincare devices market is extremely uneven with several corporations functioning in the market with specialized products. The rivalry in the market is considerably high as the companies struggle to rush up ahead of each other in the market with product variation and invention. The companies are also agreeing upon calculated contracts and mergers to augment their marketability. The global skincare devices market was worth US$ 7,255.8 Million in 2014 and is predicted to swell at a CAGR of 10.1% from 2015 to 2023 to touch US$ 17,299.4 Million in 2023.

Skincare devices aid in competent identification and cure of numerous skin disorders like skin cancers and dermatological symptoms such as acne, pigmented lesions, wrinkles, and vascular lesions. Swift increase in the occurrence rate of skin cancer and various skin disorders globally is anticipated to upsurge the figure of patients needing identification and cure for several skin disorders. This is likely to upturn the application of skincare devices, thus boosting the market. Furthermore, increasing consumer inclination for cosmetic procedures and their readiness to expend more on them has powered the growth of the universal skincare devices market.

North America ruled the market in 2014 seconded by Europe. The skincare devices market in North America is expected to record a CAGR of 9.92% from 2015 to 2023. Features such as pervasiveness of contemporary and lavish lifestyle, progression of the baby boomer pool, and an upswing in the implementation of skincare solutions are projected to thrust the progression of the market in North America. Developing markets in Asia and the Middle East and Africa are anticipated to display sure-shot growth in the implementation of skincare devices in the forthcoming years. The evolution of the skincare devices market in these areas can be accredited to the refining healthcare and medical amenities and infrastructure.

In line with the estimations of the American Society of Plastic Surgeons, almost 15.9 million minimally invasive cosmetic procedures were executed in the U.S. in 2015, which was a 2% rise over 2014. This specifies great acceptance of minimally invasive techniques in dermatological use. For normal skin related complications such as wrinkles, unwanted hair, and lines, patients’ desire quicker solutions with negligible pain that allows them to resume work at early as possible. Moreover, launch of hand-held tools in the lasabrasion and microdermabrasion segments will escalate expediency for service providers, thus motivating acceptance of these devices and development of the global market. Therefore, the global skincare market is seeing an accumulative tendency of product invention to warrant extreme patient relaxation through and after treatment.

Read more on Medical Devices on:

http://www.sandlerresearch.org/market-research/medical-device

 

Filed in:
More Reports
Title Price Buy Now

Retail Banking Market Dynamics: Indonesia 2018

Retail Banking Market Dynamics: Indonesia 2018 Summary "Retail Banking Market Dynamics: Indonesia 2018", report identifies macroeconomic and competitive dynamics that impact upon the Indonesian retail banking market. It provides insight into the outlook for deposits, credit cards, personal loans, and mortgages; net changes in market share across all four product areas; and overall financial performance, including profitability, efficiency, and income sources. The retail deposits and mortgages markets in Indonesia reported strong growth during 2013-17, but these gains are expected to decelerate over 2018-22. The credit card and personal loan markets are set to remain steady during this period compared to the review period. Indonesian banks have witnessed an increase in their profitabilit......
$2000

India All Set to Achieve its Climate Goals before Schedule – Includes Large Hydro Under Renewable

India All Set to Achieve its Climate Goals before Schedule - Includes Large Hydro Under Renewable Summary As a measure to promote hydropower sector in general, and large hydropower in particular, the union cabinet of India declared large hydropower projects as part of non-solar renewable purchase obligation (RPO). Currently, hydropower projects less than 25 MW capacity are categorized as renewable and above 25 MW are considered conventional plants. India is not the first country to consider all hydropower plants as renewable. Countries such as China and Brazil also consider all hydropower plants as renewable energy. The details of the cabinet approval are as follows - - Large hydropower projects to be declared renewable. - Large hydropower projects are considered as separate entities w......
$500

Tourism Source Market Insight: Canada – Analysis of tourist profiles & flows, spending patterns,destination markets, risks and future opportunities

Tourism Source Market Insight: Canada - Analysis of tourist profiles & flows, spending patterns,destination markets, risks and future opportunities Summary GlobalData's "Tourism Source Market Insight: Canada", report provides a detailed insight into Canada's domestic and outbound tourism market. The report looks at the profiles of Canadian tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Canadian outbound travel market. This report is part of GlobalData's Source Market Insights Series. This report provides an in-depth analysis of traveler flows, spending patterns, main destination markets, as we......
$1495

Enterprise Tech Ecosystem Series: Banco Santander

Enterprise Tech Ecosystem Series: Banco Santander Summary Santander has collaborated with companies such as IBM and Cloudera that offer expertise in cloud, AI, big data, and blockchain. The aim is to improve the security of its internal operations and its customers, increase employee productivity, enhance user experiences, upgrade advisors, reduce operational expenditures, and optimize its solutions against potential risks. Banco Santander is supporting new companies that aim to develop AI, big data, analytics, and risk management solutions. It does so by joining existing accelerator programs and creating new ones independently or in partnership with other accelerators. Santander has mostly invested in companies that enable it to optimize operational procedures both internally and for ......
$1295

Tourism Source Market Insight: China – Analysis of tourist profiles & flows, spending patterns,destination markets, risks and future opportunities

Tourism Source Market Insight: China - Analysis of tourist profiles & flows, spending patterns,destination markets, risks and future opportunities Summary GlobalData's "Tourism Source Market Insight: China", report provides a detailed insight into China's domestic and outbound tourism market. The report looks at the profiles of Chinese tourists and summarizes the key reasons that they travel. The report offers an in-depth analysis of traveler flows, spending patterns, main destination markets and current and future opportunities for tourism businesses seeking to tap into the Chinese outbound travel market. This report is part of GlobalData's Source Market Insights Series. This report provides an in-depth analysis of traveler flows, spending patterns, main destination markets, as well as......
$1495

Strategic Market Intelligence: Insurance Industry in Tunisia – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Insurance Industry in Tunisia - Key Trends and Opportunities to 2022 Summary GlobalData's "Strategic Market Intelligence: Insurance Industry in Tunisia - Key Trends and Opportunities to 2022", report provides a detailed outlook by product category for the Tunisian insurance industry, and a comparison of the Tunisian insurance with its regional counterparts. It provides values for key performance indicators such as written premium, paid claims, loss ratio, penetration, and density during the review period (2013-2017) and forecast period (2017-2022). The report also gives a comprehensive overview of the Tunisian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's r......
$1450

Strategic Market Intelligence: Insurance Industry in Serbia – Key Trends and Opportunities to 2022

Strategic Market Intelligence: Insurance Industry in Serbia - Key Trends and Opportunities to 2022 Summary GlobalData's "Strategic Market Intelligence: Insurance Industry in Serbia - Key Trends and Opportunities to 2022", report provides a detailed outlook by product category for the Serbian insurance industry, and a comparison of the Serbian insurance with its regional counterparts. It provides values for key performance indicators such as written premium, paid claims, loss ratio, penetration, and density during the review period (2013-2017) and forecast period (2017-2022). The report also gives a comprehensive overview of the Serbian economy and demographics, and provides detailed information on the competitive landscape in the country. The report brings together GlobalData's resear......
$995

Future of the Vietnamese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2024

Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024 Summary "Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news. This report offers detailed analysis of the Vietnamese defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth ana......
$1250

Construction in Nigeria: Key Trends and Opportunities to 2023

Construction in Nigeria: Key Trends and Opportunities to 2023 Summary The Nigerian construction industry recovered in 2017 and 2018, after registering a gloomy performance in 2016. The industry registered growth of 1% and 2.3% in real terms in 2017 and 2018 respectively. This was supported by improvements in economic conditions, an increase in oil revenues and the government's investment in the development of overall infrastructure projects across the country. In the 2016 and 2017 budgets, the government allocated NGN1.7 trillion (US$5.6 billion) towards capital infrastructure development. The industry is expected to expand over the forecast period (2019-2023), driven by the government's efforts to develop the country's housing and transport infrastructure. In January 2019, the governme......
$1495

Payments Landscape in Hungary: Opportunities and Risks to 2022

Payments Landscape in Hungary: Opportunities and Risks to 2022 Summary GlobalData's "Payments Landscape in Hungary: Opportunities and Risks to 2022", report provides detailed analysis of market trends in the Hungarian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, and direct debits during the review-period (2014-18e). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2018e-22f). It also offers information on the country's competitive landscape, including the market shares of issuers and s......
$2750
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy