The global skincare devices market is estimated to generate a revenue of $7,787.4 million in 2017, and is projected to grow at a CAGR of 11.2% during the forecast period. The skincare devices market size will be led by skin treatment devices as the treatment of skin problems require the use of different types of devices, whereas the diagnosis of many skin diseases is possible through visual inspection also, i.e., without the use of a device. Also, many skincare treatment devices such as liposuction and cryotherapy devices, come at a very high cost and have aesthetic applications such as enhancement of skin and body appearance.
Technological advancements in the skincare devices and treatments ultimately help in the enhancement of human skin features. These technologically advanced devices can more effectively treat fine lines, wrinkles, sun spots, and cellulite to enhance skin appearance. Some of the advantages of these devices include non-invasiveness, and workability on energy-based solutions. Due to these advantages, the adoption of such devices in hospitals and clinics to treat wrinkles and stretch marks has increased. Many advancements have been taking in the skincare devices market. For instance, in February 2017, Clarisonic, Inc. launched a skincare product, the Smart Profile Uplift, for the cleansing and firming massage to uplift fifteen signs of aging on the face, neck and décolleté.
The skincare devices are expected to witness the fastest growth in demand in Asia-Pacific, at a CAGR of 12.5% during the forecast period, owing to a large population, higher prevalence of skin diseases and obesity, and aging population in the region. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), people aged 65 years and above constituted approximately 11.4% of the population in 2013, and the count is estimated to increase by approximately 20% by 2050. The geriatric population is at a greater risk of skin cancer. According to the Skin Cancer Foundation, the majority of people diagnosed with melanoma are white men, above 55 years of age. Also, the elderly people generally face problems such as wrinkles, cellulite, loose skin, obesity and therefore, fueling the growth of the Asia-Pacific skincare devices market.
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