Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) — U.S “Skin Rejuvenation Devices – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global skin rejuvenation device market was valued at USD 2.1 billion in 2023 and is projected to reach USD 3.9 billion by 2030, growing at a CAGR of 8.9% from 2023 to 2030.
The market for skin rejuvenation devices has experienced significant growth due to the advancement of technology and increasing consumer demand for non-invasive aesthetic treatments. Innovations such as laser therapy, intense pulsed light (IPL) and micro-needling devices have transformed skin care routines and treatment options. These technologies offer solutions for a range of skin problems, including wrinkles, fine lines, pigmentation and loss of elasticity, making them particularly attractive to a diverse age group.
In addition, the advent of home appliances has expanded the accessibility of skin rejuvenation treatments, previously limited to dermatology clinics and medical spas. These devices incorporate cutting-edge technologies such as fractional photothermolysis and ultrasound, previously only available in professional settings, thus broadening the consumer base.
How do consumer trends affect the market?
Consumer behavior significantly influences the purchase of skin rejuvenation devices, with an increasing emphasis on skin care and appearance due to social norms and media influence. The rise of social media platforms has not only educated consumers about skin care, but has also increased the demand for personalized skin care treatments that these devices can provide.
Additionally, there is a growing trend among consumers, both men and women, towards maintaining a youthful appearance, which is further fueling the demand for innovative skin rejuvenation solutions. The market has also seen a shift towards preventative skin care in a younger demographic, aimed at delaying the signs of aging, which supports the early adoption of these devices.
What are the key growth drivers in the Skin Rejuvenation Devices market?
The growth in the skin rejuvenation device market is driven by various factors. Incorporating advanced technologies such as artificial intelligence and connectivity for improved fit and functionality has enabled these devices to deliver more targeted and effective treatments. An aging global population and growing concerns about cosmetic appearance have broadened the consumer base, from older individuals looking to rejuvenate their skin to younger consumers seeking preventative treatments.
Economic improvements worldwide have increased disposable income levels, allowing more consumers to invest in high-quality beauty and health regimens. Additionally, increased global health awareness has led consumers to prefer non-invasive and non-surgical procedures, further driving the demand for skin rejuvenation devices. Finally, continuous technological advances are constantly expanding the capabilities of these devices, making them an indispensable tool in both clinical and home settings.
Basic information:
- Market Development: Understand the significant growth trajectory of the Intense Pulsed Light (IPL) Devices segment, which is expected to reach USD 1.2 billion by 2030 at a CAGR of 9.1%. The Laser-based Devices segment is also expected to grow at a CAGR of 9.5% during the analysis period.
- Regional Analysis: Gain insight into the US market, estimated at $596.1 million in 2023, and China, projected to grow at an impressive 10.5% CAGR to reach $393.7 million by 2030 .Discover growth trends in other key regions such as Japan, Canada, Germany and Asia Pacific.
Key questions answered:
- How is the global skin rejuvenation device market expected to develop by 2030?
- What are the major drivers and restraints affecting the market?
- Which market segments will grow the most during the forecast period?
- How will the market shares for different regions and segments change by 2030?
- Who are the leading players in the market and what are their prospects?
Reference Features:
- Complete Market Data: Independent analysis of annual sales and market forecasts in US$ million from 2023 to 2030.
- In-depth regional analysis: Detailed information on key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Covering major players such as Alma Lasers, Inc., Cutera, Inc., Cynosure, Inc. and more.
- Free Updates: Get free report updates for a year to keep you up to date with the latest market developments.
Key Features:
| Attribute reference | Details |
| Number of Pages | 409 |
| Prognostic period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 2.1 billion dollars |
| Projected market value (USD) by 2030 | 3.9 billion dollars |
| Compound Annual Growth Rate | 8.9% |
| Covered Areas | Catholic |
Key topics covered:
MARKET OVERVIEW
- Consumers’ growing desire to maintain a youthful appearance continues to drive demand for skin rejuvenation devices
- Global Economic Update
- Global Economic Growth Forecasts (Real Gross Domestic Product (GDP), Annual % Change) for the years 2022 to 2025
- Global metric inflation rates (in %) for the years 2019 to 2025
- Skin Rejuvenation Devices – Global Key Competitors Market Share Percentage in 2024 (E)
- Competitive Market Presence – Strong/Active/Strengthening/Trivial for Global Players in 2024 (E)
- Product overview
- Types of skin rejuvenation devices
- Skin rejuvenating benefits
- Influencer/Product/Technology Insights
- Recent market activity
FOCUS ON SELECTED PLAYERS
- Alma Lasers, Inc.
- Cutera, Inc.
- Cynosure, Inc.
- EL.EN SpA
- Fotona doo
- Lumenis Ltd.
- Lutronic Corporation
- Lynton Lasers Ltd.
- Sciton, Inc.
- Solta Medical, Inc.
- STRATA Skin Sciences
- Syneron & Candela
- Concept of Venus
MARKET TRENDS & THE DRIVERS
- The increasing demand for non-invasive cosmetic procedures is fueling the growth of the market
- Advances in laser technology enhance skin rejuvenation results
- Device and treatment innovations are unlocking new pockets of growth for the resurgent beauty industry
- The increase in the global aging population worldwide offers opportunities for the skin rejuvenation device market
- Distribution of skin resurfacing procedure by age in the US: 2023
- Rise of Cosmetic Procedures Among Younger Demographic Favors Market Growth
- US Cosmetic Surgery Rate by Age Group: 2022
- Expanding the Addressable Market through Home Rejuvenation Devices
- Women continue to dominate the global skin care market
- Increasing participation of women in the workforce and subsequent focus on maintaining physical appearance favors the purchase of skin care products
- The shift towards personalized skin care solutions leads to device customization
- Growing awareness and acceptance of cosmetic treatments among men offers encouraging growth prospects
- Growing number of Spas Propels Skin Clinics and Device Development
- The rise of combination therapies is expanding the utility and functionality of devices
- AI technology to reshape the skin care industry
- Laser skin rejuvenation is gaining widespread recognition
- LED Light Therapy is gaining prominence
- Revolution in skin care with radio frequency devices
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