Skincare devices including those for Lasabrasion, Microdermabrasion, Liposuction, LED Therapy, Dermatoscopes, Skin Rejuvenation, Cellulite Reduction, Skin Tightening & Body Contouring and Hair Removal are predicted to continue to grow in popularity over the next five years.
According to a new market report published by Transparency Market Research the global skincare devices market, currently valued at £ 3.6 billion is expected to grow at a Compounded Annual Growth rate (CAGR) of 10.1{19761799e1353b7a6a49a5f02d3172230495afcde52b198895f8f3ba7ac759cb} from 2012 to 2018, to reach an estimated value of £7 billion in 2018.
The impressive growth rate is going to be due to technological advancements in product design, which will make the devices highly efficient as well as increasing adoption of minimally and non-invasive procedures to ensure better patient comfort.
The market for LED therapy devices accounted for the largest share of the total market for treatment devices whereas the lasabrasion devices market is expected to record the highest growth during the forecast period. The rising numbers of liposuction and hair removal procedures make these market segments highly attractive in terms of revenue and CAGR.
Worldwide acceptance and use of laser and light based devices for aesthetic treatments will also drive growth in future.
Your Comments