Demand for Home-Use Skincare Devices Projected to Rise

People these days have started paying a lot more attention to their physical appearance. The reason for this can very well be the increasing penetration of the internet and social media platforms. Since people are increasingly engaging in posting their photos on platforms such as Facebook and Instagram, they want to look good.

On a more serious note, the prevalence of a number of skin diseases, especially skin cancer, is growing considerably as well. As per the World Health Organization (WHO), 2 to 3 million cases of non-melanoma skin cancer and approximately 132,000 cases of melanoma occur every year. Factors such as excessive UV exposure, growing tobacco and alcohol consumption, increasing pollution levels, rising stress and anxiety, and unhygienic conditions have led to the growing number of people suffering from skin diseases.

It is owing to all these factors that the global skincare devices industry is set to generate revenue of $28,157.2 million in 2030, increasing from $9,531.9 million in 2019, at an 11.0% CAGR during the forecast period, according to a research conducted by P&S Intelligence.

Types of Skincare Devices

These devices are available for both treatment and diagnosis purposes. Skincare devices meant for treatment include microdermabrasion devices, cryotherapy devices, laser-based devices, electrosurgical devices, liposuction devices, and light/LED therapy & photorejuvenation devices. Diagnostic skincare devices include image-guided systems, biopsy devices, and dermatoscopes.

The demand for different treatment devices has been higher up till now. Cryotherapy and liposuction devices are primarily meant for enhancing the physical appearance. Even though these devices are costly, the increasing consciousness among people regarding their appearance is leading to a high demand for them.

Applications of Skincare Devices

? Skin rejuvenation

? Skin tightening & body contouring

? Hair removal

? Disease diagnosis & treatment

? Cellulite reduction

In the past, the demand for skincare devices has been considerably high for the hair removal application. Women are increasingly opting for such products for removing unwanted hair from their bodies. Furthermore, now that skincare devices are available online, it has become incredibly easy for people to buy them. The demand for laser hair removal devices is especially high, as more people now know about them and they are readily available online.

Other than this, the demand for skin tightening & body contouring devices is set to boom in the near future, be because of an increasing number of people undergoing liposuction, which needs skin tightening. As per a recent report by the International Society of Aesthetic Plastic Surgery, in 2018, 1,732,620 liposuction procedures were performed, which was a considerable rise from the 1,372,901 procedures conducted in 2014. Other than this, the surging prevalence of obesity is also creating a high demand for skincare devices for skin tightening & contouring.

Skincare Devices Being Rapidly Used at Homes

Until recently, skincare devices were majorly being used in dermatology clinics. And while the demand for these devices in dermatology clinics is still high as they offer a number of treatments, these days, their adoption in homes is increasing significantly as well.

Technological advancements have made these devices highly suitable for home use. Electronic skincare devices have been introduced for higher automation and convenience. These devices also save a lot of time, as people do not have to go to clinics to get the treatments. Moreover, manufacturers are still working on developing products that are cost-effective and easy to use.

High Per Capita Income Driving Demand for Skincare Devices in North America

Among all regions, the sale of skincare devices has been the highest in North America, which can primarily be attributed to the fact that more people in the region are able to afford these. While advancements have been made to make these devices more affordable, developing countries still lack the necessary resources for mass adoption. Furthermore, the healthcare infrastructure is highly advanced in the region, along with which the expenditure in the sector is high as well. Ascribed to this, more advanced services are available to people in North America.

In addition to this, the increasing prevalence of obesity among Americans is also resulting in the high demand for skincare devices in the region. As per the Centers for Disease Control and Prevention (CDC), about 42% Americans are expected to be obese by 2030. Owing to this, the demand for medical procedures such as skin tightening and liposuction, which can aid people in dealing with the issue, is predicted to increase.

Conclusion

The demand for skincare devices is growing rapidly on account of the rising consciousness among people regarding their physical appearance and the increasing prevalence of skin cancer and other skin diseases. Moreover, the adoption of home-use skincare devices is also projected to grow in the years to come.