Skincare Devices Market Size, Share, Growth & Industry Analysis, By Product Type (Diagnostic Devices, Treatment Devices), By Application (Disease Diagnosis, Skin Treatment), By End-User (Dermatology Clinics, Salons and Spas, Others), and Regional Analysis, 2024-2031

Skincare Devices Market Size

The global Skincare Devices Market size was valued at USD 17.66 billion in 2023 and is projected to grow from USD 19.70 billion in 2024 to USD 45.49 billion by 2031, exhibiting a CAGR of 12.69% during the forecast period. The market is expanding due to rising consumer focus on advanced skincare solutions and the increasing integration of smart technologies.

The surging demand for effective at-home treatments and non-invasive cosmetic procedures is fostering innovation in the field. With skin conditions such as acne and psoriasis becoming increasingly prevalent, there is a growing need for devices that offer precise and efficient care. This trend is fueling sustained market growth and creating opportunities for technological advancements.

In the scope of work, the report includes solutions offered by companies such as Alma Lasers, Cynosure, Inc., Solta Medical, Inc., Cutera, Inc., Candela Corporation., Canfield Scientific, Inc., AESTHETIC SCIENCE, LLC., Ambicare Health Limited., Image Derm, Inc., Fotona, and others.

The skincare devices market is experiencing significant growth due to increased consumer awareness and ongoing technological advancements. In addition, the growing prevalence of skin cancer, particularly melanoma, is boosting the demand for efficient diagnostic tools.

• According to the American Cancer Society, melanoma, despite comprising only 1% of skin cancer cases, is responsible for the highest number of cancer deaths, with approximately 97,610 new diagnoses recorded in 2023.
• Additionally, the American Academy of Dermatology reports that 1 in 3 Americans visits a dermatologist, and 1 in 4 is diagnosed with skin diseases annually. This underscores the urgent need for rapid, effective diagnostic devices to enable early detection and treatment.

Furthermore, innovations such as AI and AR are enhancing device effectiveness and improving user engagement. The rising popularity of LED therapy and cosmetic procedures, such as skin tightening and rejuvenation, is further contributing to market expansion. Strategic initiatives by key players, including product approvals and launches, further boost market growth.

Skincare devices are specialized tools designed to enhance and maintain skin health and appearance. They utilize various technologies to address a range of skin concerns, including acne, aging, and pigmentation. These devices include facial cleansing brushes, LED therapy tools, microcurrent devices, and skin tightening machines.

By employing advanced technologies such as ultrasonic waves, radiofrequency, and light therapy, skincare devices offer targeted treatments that improve skin texture, reduce wrinkles, and promote overall skin health. They are used both professionally in dermatology clinics and for home use, providing users with convenient and effective solutions for achieving healthier, more radiant skin.

Analyst’s Review

Strategic initiatives by key industry players and the approval of new product are propelling market growth.

• For instance, in June 2022, Casio Computer Co., Ltd. issued an EU Declaration of Conformity for the DZ-D100 dermatology camera and DZ-S50 dermatology scope following successful conformity studies under European Medical Device Regulations (MDR).

These initiatives are expected to influence the market. Key players may capitalize on these strategic initiatives and product approvals by expanding their product portfolios and enhancing distribution channels. By introducing innovative, compliant devices while targeting new markets, companies are enhancing their market presence, attracting a larger customer base, and boosting substantial growth in the coming years.

Skincare Devices Market Growth Factors

The rising prevalence of skin diseases and disorders such as acne, eczema, and psoriasis is leading to increased demand for skincare devices. As these conditions become increasingly common, there is a growing need for effective and accessible treatments. Skincare devices offer innovative solutions for at-home use, providing convenience and reducing the need for frequent dermatologist visits.

These devices, which include tools for acne treatment as well as those for managing eczema and psoriasis symptoms, empower individuals to effectively manage their skin health. The increasing awareness of these conditions and the availability of advanced skincare technologies are propelling the market growth.

A significant challenge hindering the development of the skincare devices market is the high cost associated with advanced technologies, which limits accessibility for a broader consumer base. High-proced devices may restrict market penetration and hinder overall growth. Additionally, regulatory hurdles and lengthy approval processes may delay product launches, impacting market dynamics. Key players are addressing these issues by investing in cost-effective manufacturing processes and seeking regulatory approvals early in the development stage.

• For instance, in June 2022, Cynosure launched the PicoSure Pro device, an upgrade to its PicoSure platform. The PicoSure Pro became one of the first picosecond lasers with a 755nm wavelength to receive clearance from the United States Food and Drug Administration.

Moreover, leading companies are exploring alternative pricing strategies and expanding their product lines to include more affordable options, thereby enhancing market accessibility and fostering growth.

Skincare Devices Market Trends

The growing awareness regarding skincare and beauty products among consumers is fostering the demand for skincare devices. As individuals become increasingly aware of their skin health, they seek products that help them achieve healthy, youthful-looking skin. This rising awareness is leading to increased interest in devices such as facial cleansing tools, skin tightening devices, and other advanced skincare technologies.

These devices offer effective solutions for various skin concerns, making them appealing to a broad audience. By providing enhanced skin care routines and delivering noticeable results, these devices are helping consumers meet their skincare goals, thereby contributing to the skincare devices market growth and bolstering adoption.

The growing popularity of LED therapy among end users to treat various skin issues such as acne, infections, and wrinkles is creating significant opportunities in the market. Additionally, the rising trend of cosmetic procedures, including skin tightening, rejuvenation, liposuction, and body contouring, particularly among models aiming to maintain a youthful and fit appearance, is influencing the market. Procedures such as spot and scar reduction, as well as tattoo removal, support increasing market trends.

• According to the American Academy of Dermatology Association, approximately 50 million people in the USA are affected by acne each year, 7.5 million people suffer from psoriasis, and 9,500 people are diagnosed with skin cancer annually.

These statistics underscore the growing demand for effective skincare solutions, thus boosting the demand for skincare devices.

Segmentation Analysis

The global market is segmented based on product type, application, end-user, and geography.

By Product Type

Based on product type, the skincare devices market is categorized into diagnostic devices and treatment devices. The treatment devices segment garnered the highest revenue of USD 11.65 billion in 2023.

Advanced technologies, such as LED therapy, radiofrequency, and microcurrent devices, provide targeted treatments for issues such as acne, wrinkles, and pigmentation. Increased consumer demand for personalized and non-invasive skincare solutions is propelling the expansion of the segment, as these devices offer convenient at-home treatments and reduce the need for frequent dermatologist visits.

• The launch of advanced wrinkle removal devices, such as Lumenis's Splendor X in January 2022, which received a CE mark for its multiple treatments and utilizes BLEND X technology, aids segmental growth.

By Application

Based on application, the market is categorized into disease diagnosis and skin treatment. The skin treatment segment captured the largest skincare devices market share of 64.85% in 2023. Innovations in technologies such as laser therapy, radiofrequency, and chemical peels enhance both the treatment and precision of treatments.

Rising skin issues, such as acne, aging signs, and pigmentation, are boosting the demand for these solutions. Personalized treatments tailored to individual skin types and concerns are becoming increasingly popular and attracting a broader consumer base. Additionally, the enhanced accessibility of both professional and at-home treatment options, along with increased consumer awareness, is augmenting segmental expansion.

By End-User

Based on end-user, the market is categorized into dermatology clinics, salons and spas, and others. The dermatology clinics segment is expected to garner the highest revenue of USD 19.76 billion by 2031. These clinics provide both medical and cosmetic services, including laser therapy, chemical peels, and injectables, to address diverse patient needs.

The expertise of dermatologists ensures high-quality, personalized care, thereby enhancing treatment outcomes and patient satisfaction. The adoption of advanced technologies, such as AI diagnostics and innovative treatment devices, further boosts the growth of the segment. Additionally, increasing public awareness of skin health and preventive care enhances patient volumes, thereby fostering robust expansion and ensuring sustained  growth.

Skincare Devices Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia-Pacific, MEA, and Latin America.

North America skincare devices market share stood around 35.09% in 2023 in the global market, with a valuation of USD 6.20 billion. The increasing prevalence of skin cancer and other skin diseases, such as eczema and rosacea, is resulting in increased demand for dermatology devices.

• According to the American Cancer Society's 2022 statistics, an estimated 99,780 new cases of melanoma are expected in the United States, with 57,180 cases among males and 42,600 among females.

This rising prevalence of skin cancer highlights the urgent need for effective diagnostic and treatment devices. Additionally, growing awareness regarding aesthetic procedures and the approval of advanced dermatological devices aid regional market expansion. As the demand for precise and effective skin treatments grows, the North America dermatology devices market is experiencing robust growth.

Asia-Pacific is anticipated to witness considerable growth at a robust CAGR of 13.81% over the forecast period. Rapid urbanization and rising disposable incomes across countries such as China, India, and Southeast Asia are spurring the demand for advanced skincare solutions.

The expanding middle-class population is increasing consumer purchasing power, leading to a rise in interest in high-quality skincare devices. Additionally, growing awareness regarding skin health and wellness is boosting the adoption of innovative skincare technologies.

The proliferation of e-commerce platforms enhances accessibility and convenience, extending their reach to a broader audience in both urban and rural areas. Furthermore, the region's diverse climate and environmental conditions create a demand for a variety of skincare devices tailored to specific needs, thereby stimulating robust domestic market expansion.

Competitive Landscape

The global skincare devices market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

Companies are implementing impactful strategic initiatives, such as expanding services, investing in research and development (R&D), establishing new service delivery centers, and optimizing their service delivery processes, which are likely to create new opportunities for market growth.

List of Key Companies in Skincare Devices Market

• Alma Lasers
• Cynosure, Inc.
• Solta Medical, Inc.
• Cutera, Inc.
• Candela Corporation.
• Canfield Scientific, Inc.
• AESTHETIC SCIENCE, LLC.
• Ambicare Health Limited.
• Image Derm, Inc.
• Fotona

Key Industry Development

• April 2024 (Partnership): Beiersdorf and Rubedo Life Science announced a multi-year strategic partnership with the aim of developing a groundbreaking anti-aging solution for the global skincare market. This collaboration combines Beiersdorf’s expertise in skin care innovation with Rubedo’s specialization in targeting cellular senescence. Additionally, Beiersdorf has invested in Rubedo, by participating in its recently concluded Series A financing round through its Oscar & Paul Corporate Venture Capital Fund.

The global skincare devices market is segmented as:

By Product Type

• Diagnostic Devices
• Treatment Devices

By Application

• Disease Diagnosis
• Skin Treatment

By End-User

• Dermatology Clinics
• Salons and Spas
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America