The rising prevalence of dermatitis; acne; psoriasis; and other skin anomalies, such as warts, moles, and lesions, are creating the demand for skincare treatment devices. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US and affects ~50 million people annually. Thus, a surge in acne conditions is creating the need for skincare treatment devices. Additionally, changing beauty standards and the progressive beauty industry are creating demand for skincare treatment devices. Moreover, geriatric populations are prone to wrinkles, and they tend to be highly inclined toward antiaging, toning, and skin rejuvenation products to hide the signs of aging. As per The Aesthetic Society, 41,301 skin rejuvenation procedures were performed in the US in 2020, generating a revenue of US$ 31,567,167. Further, a rise in consumer awareness about skincare treatments is triggering the number of medical spas and skin clinics to provide affordable skin treatments for various skin conditions. Technological advancements and a surge in R&D activities are encouraging the launch of new and innovative devices for skincare treatments. In addition, there has been an increase in demand and inclination toward home-based skincare devices, especially portable ones. These devices are based on microcurrent and ultrasonic technic technology. In July 2021, NuFACE, an innovative at-home microcurrent technology provider, announced its latest skincare innovation with IonPlex Ionized Skincare Activators—a unique blend of electrically charged ions and glacial water that deliver a surge of active ingredients for optimal microcurrent results and healthy, younger-looking skin. Furthermore, increasing awareness about appearance, rising consumer awareness about skincare devices, and surge in demand for aesthetics are magnifying the demand for skincare treatments, such as laser treatments, body contouring, and skin tightening, which boosts the skincare treatment devices market growth.
With new features and technologies, vendors can expand their customer base and footprints in emerging markets. This factor is likely to drive the North America skincare treatment devices market at a substantial CAGR during the forecast period.
North America Skincare Treatment Devices Market Segmentation
The North America skincare treatment devices market is segmented on the basis of product, application, distribution channel, end user, and country. Based on product, the market is segmented into light/LED therapy and photo rejuvenation devices, liposuction devices, electrosurgical devices, microdermabrasion devices, laser-based devices, and cryotherapy devices. In 2021, the laser-based devices segment held the largest share of the market; it is expected to register the highest CAGR during the forecast period. Based on application, the North America skincare treatment devices market is segmented into cellulite reduction, hair removal, skin rejuvenation, skin tightening and body contouring, and others. In 2021, the hair removal segment held the largest market share, and the skin tightening and body contouring segment is expected to register the highest CAGR in the market during the forecast period. Based on distribution channel, the North America skincare treatment devices market is segmented into online retails, specialty stores, supermarkets/ hypermarkets, and other sales channels. In 2021, the specialty stores segment held the largest market share. On the other hand, the online retails segment is expected to register the highest CAGR in the market during the forecast period. Based on end user, the North America skincare treatment devices market is segmented into dermatology clinics, hospitals, spas & salons, and others. In 2021, the dermatology clinics segment held the largest share of the market, and it is further expected to record the highest CAGR in the market during the forecast period. Based on country, the North America skincare treatment devices market is segmented into the US, Canada, and Mexico. In 2021, the US held the largest market share, and the market in this country is expected to grow at the fastest CAGR during the forecast period.
Allergan Plc; Cutera, Inc.; Merz Pharma; Hologic, Inc.; Candela Medical; Panasonic Corporation; Michelson Diagnostics Ltd.; Bausch Health Companies Inc.; Lumenis Be Ltd.; and PhotoMedex are among the leading companies in the North America skincare treatment devices market.