Skincare Devices Market Worth $12.8 Billion by 2020 | CAGR 10.0%: Grand View Research, Inc.

Skincare Devices Market Worth $12.8 Billion by 2020 | CAGR 10.0%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, July 10, 2018

SAN FRANCISCO, July 10, 2018 /PRNewswire/ --

The global skincare devices market size is expected to reach USD 12.8 billion by 2020, according to a new report by Grand View Research, Inc., progressing at a CAGR of 10.0% during the forecast period. Increasing number of skin related disorders such as cancer and assorted disorders are likely to increase the adoption rate of these devices.

     (Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg )

Rising use of home-care products and growing medical spa treatments are some the key trends stimulating market growth. Some of the key factors that are driving growth are technological advancements, growing appearance consciousness, and rising disposable income.

Growing awareness regarding benefits of skin rejuvenation amongst patients, rising demand for aesthetics, and increasing incidence of skin disorders are among the primary growth stimulants. Syneron Medical, a U.S. based company, is one of the biggest players in the skin rejuvenation market. Its product known as VelaSmooth which has been approved by the U.S. FDA.

The market is projected to witness significant growth over the forecast period, owing to rising prevalence of skin diseases. Technological advancements, extremely effective devices, and increasing acceptance of these devices as they are non-invasive, are some of the factors escalating the growth of the market.

Furthermore, surging demand for processes such as liposuction, body contouring, skin rejuvenation, and tightening is anticipated to accelerate the growth of the market. However, equipment cost and competitive pricing are limiting the market from realizing its utmost potential.

Browse full research report with TOC on "Skincare Devices Market Size, Share & Trends Analysis Report By Product, By Application (Disease Diagnosis & Treatment, Hair Removal, Skin Rejuvenation, Cellulite Reduction, Body Contouring), And Segment Forecasts, 2012 - 2020" at: https://www.grandviewresearch.com/industry-analysis/skincare-devices-market

Further Key Findings From the Report Suggest: 

Browse related reports by Grand View Research: 

Grand View Research has segmented the global skin care devices market on the basis of product, application, and region: 

Explore the BI enabled intuitive market research database, The Grand Library, by Grand View Research, Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Voltar noticias em Inglês