Skin care devices are mainly used in hospitals for diagnosis and treatment of various skin diseases. There are various types of skin diseases like Acne, Eczema, Hives, Impetigo, and Melanoma that can be diagnosed and treated. Melanoma is life threating skin disease which is caused due to a skin disorder. Obesity has become one of the major issues for growing population. Liposuction is considered one of the effective treatments for obese people. Hence, fat removal procedures are being highly adopted.
Light therapy and laser instruments are the technologies that are used to improve the aesthetic appeal. The occurrence of skin cancers, melanoma, and skin allergies disorders are growing in developing countries; wherein pharmaceutical companies have the opportunity to innovate new drugs and grow in these regions. Skin cancer treatment mostly involves treatment to remove cancer cells. Fair-skinned people are highly prone to the basal cell carcinoma in which rate of incidence for this disorder is increasing every year.
According to statics provided by World Health Organization, there are about 132,000 skin cancer cases every year. Changing environment and weather conditions, rising pollution, and increasing cosmetic usage are some of the factors expected to increase this number, which, in turn, will increase the demand for such skin treatment devices.
The growing healthcare expenditure, high standard of living of people, rising incomes, growing geriatric population, and rising incidence of skin disorders are the key factors for increasing the demand for global skin care devices market. Moreover, the market is growing because of growing aesthetic awareness, skin problems such as scars and acne, cosmetic surgeries, skin cancer, and various skin disorders. Another factor in charge of driving the market growth is the high mortality rate due to skin cancer.
High cost of treating skin care device disorder is the major restrain of the market. Although the cost of treatment by skin care device is high, lack of awareness among underdeveloped countries also restrains the growth of the market. There are various side effects related to treating dermatological disorders, which becomes a challenge for the players to grow into the market.
This report provides analysis of the skin care device market that contains current industry trends, market size, market growth and demands, major players with their key strategies. It covers growth opportunities and market canvas in the coming years. The report has been made with an in-depth analysis along with inputs from the various industry experts. The research has been carried out with primary and secondary data sources and either supporting bottom-up or top-down approach.
In 2016, around 10,130 people died because of melanoma disorder, according to the skin cancer foundation. According to Astanza Laser LLC., 45 million Americans have tattoos with a majority of them being in the age group of 26 to 40 years. Laser tattoo removal is widely used nowadays and is one of the most effective ways to get rid of tattoos without burns or scarring.
As per the Australian Journal of Dermatology, non-melanoma, being one of the most expensive cancers in terms of treatment, is one of the most commonly treated types of cancer in Australia.
Based on the regional analysis, the global Skin care device devices market is segmented into North America, Europe, Asia-Pacific and LAMEA. As per the American Academy of dermatology, 50 million people are annually affected by acne in U.S.
Major players in the market are Ellipse A/S, Genesis Biosystems, Amd Global Telemedicine Inc., Ambicare Health Ltd., Applisonix Ltd., Biolitec Ag, Michelson Diagnostics Ltd., Olympus Corp., Palomar Medical Technologies Inc., Toshiba Medical Systems, Syneron Medical Ltd., and Alma Lasers Ltd., among others.
Global Composite Testing Market Segmentation:
By Diagnostic Devices:
• Light Therapy Devices
• Electrosurgical Equipment
• Liposuction Devices
• Microdermabrasion Devices
• Cryotherapy Devices
• Hair Removal
• Tattoo Removal
• Wrinkle Removal
• Other Treatment Applications
• North America (U.S and Canada and rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)