The global skincare devices market is expanding, driven by medspas and wearable tech, with North America and Asia Pacific leading the growth.
The global skincare devices market has been thriving in the past decade as skin issues have gained awareness from a healthcare and grooming point of view. Fairfield Market Research states that the market covers treating serious medical conditions such as skin cancer to rectifying damage to the skin due to UV radiation, pollution, and sun exposure. The skincare devices market is slated to witness a phenomenal rise during the forecast period as manufacturers are making constant strides in the development of sophisticated devices for various types of skincare therapies. Furthermore, increasing spending power has also made a strong case for skincare devices.
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Emergence of Medspas Give Skincare Devices a Chance to Shine Bright
Growing demand for skin procedures such as restoration, rejuvenation, contouring, skin tightening and firming, liposuction, and hair removal has accelerated market growth. Modern demands for body contouring for varied reasons have also given the skincare devices market a global impetus. The desire to look younger is the primary factor underpinning the market growth. The upward trend in cellulite reduction and skin rejuvenation is expected to be unabated throughout the forecast period. Analysts anticipate that cryotherapy, LED therapy devices and lasabration devices will remain sought-after devices between the forecast years of 2021 and 2026. The emergence of medspas that are specifically designed to offer medical-grade aesthetic procedures will boost skincare devices sales in the foreseeable future.
Future of Wearable Skincare Shows Excellent Promise
Wearable skincare is clearly the future of skincare routines, predicts Fairfield Market Research. Wearable devices for anti-ageing and rectifying sun/UV exposure are expected to lead the market with excellent potential for revenue. Ability to offer customization with these devices with the help of technologies such as the Internet of Things and Augmented Reality will prove to be an unparalleled innovation. These technologies will allow the devices to track skin’s daily condition, moisture levels, the impact of surrounding temperature, humidity, sleep data, and biological rhythm disruption, giving the end user optimal solution for skincare. Detailed and personalized skincare routines will give the market a new perspective, bringing in a wider consumer base.
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North America to Lead with Asia Pacific in Tow
North America is leading the global skincare devices market as the region boasts a technologically savvy demographic. Additionally, higher spending capacity and awareness about grooming and skincare have given North America a stronger foothold in the global skincare devices market. Cellulite reduction and liposuction procedures are garnering attention as obesity remains a glaring medical issue in the west. Furthermore, the strong presence of brands and well-established e-commerce platforms across the U.S and Canadian markets are expected to play a vital role in the region’s growth. Meanwhile, Asia Pacific is also undergoing a transformation in the skincare sector as the younger population is actively investing in personal grooming.
Some of the key players operating in the global skincare devices market are Alma Lasers Ltd., Philips, Bausch Health Companies Inc., DDK DRTV, Lumenis Ltd., NuFace, LLC (DermaFlash), FOREO, Syneron Medical Ltd., L’Oréal S.A., Solta Medical Inc, Syneron Medical Ltd., PhotoMedex, Sheseido Company, Schick Medical. Companies in the skincare devices landscape are trying to strengthen their product portfolios with innovative product launches that align with changing consumer demands.
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The article discusses the global growth of the skincare devices market, driven by technological advancements and consumer demand.
Medspas are boosting the market by offering medical-grade aesthetic procedures, increasing demand for skincare devices.
Wearable skincare devices, offering personalized routines, are seen as the future, driving market growth with innovative technology.
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