LONDON, Feb. 3, 2016 /PRNewswire/ -- The new report on "Global Skincare Devices Market Assessment & Forecast: 2015 - 2019" by Spearhead Acuity Business Research & Consulting Group, reveals that North America controlled the greatest share of 36.9% of the global skincare devices market. The skincare devices market is highly commoditized and thus is very fragmented. An added factor responsible for fragmentation is the unregulated nature of the devices. Microderm abrasion and other skincare devices are not regulated by healthcare authorities making market entry easy for new players. Strong purchase power continues to encourage dermatologists and skincare specialists along with other aesthetic service providers to invest in expensive technologies.
This report covers the market for non-invasive aesthetic skincare devices such as aesthetic lasers, cryotherapy devices, LED/infrared light therapy devices used for skin damage repair, microdermabrasion, microcurrent and ultrasound, electrosurgery and contouring, radiofrequency, skin tightening, cleansing & exfoliation and cellulite reduction. Cosmetic procedures of the skin are sought after through the world across all economic classes. However, availability and affordability of skin care procedures greatly vary with the complexity of technology and standard of living in a country. Skin care devices market therefore varies among different geographies based on their standard of living, demographic/cultural significance of skin care, and penetration of technology. A large variety of devices such as dermabrasion, LED and infrared, ultrasound and RF are available through online shopping to skincare clinics as well as end customers directly. Since these devices are easy to use end customers have begun buying skincare devices on a large scale. The modus used in these cases is first to scout the brands of devices used in popular clinics and then purchase it themselves.
Geographically the skin care devices market has been segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. According to the American Society for Aesthetic Plastic surgery, in 2014, the United States has observed a 508% growth in non-surgical procedures such as laser, microdermabrasion and others. In addition according to the same study, a recorded total of 417,034 microdermabrasion procedures were performed in 2014. In 2014, Brazil observed 52,650 laser rejuvenating procedures in the country, again the second highest in the world according to International Society for Aesthetic Plastic surgery. Major factors for North America's continued leadership is high awareness of technology, large number of skincare specialists, greater purchase power for commodities and luxury products.
Israel leads in innovation and competition within the skincare devices market. The region has contributed to this market by being a base for global leading players such as Lumenis, Alma Lasers, Syneron Candela and Novoxel among others. The low device regulation is partially offset by stringent regulation of FDA on approval of clinical applications of the aesthetic devices. Energy based minimally invasive aesthetic devices are observing a very strong growth and cryo based skincare technologies are anticipated to experience the fastest growth. The medical tourism industry also offers a variety of surgical and non-surgical skincare procedures to patients. The growing medical tourism industry is also responsible for promoting the growth of the skincare devices market.
Download the full report: https://www.reportbuyer.com/product/3605174/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48