There have been noticeable changes in the beauty industry with progress in technologies, such as ultrasonic technology, radiofrequency, microcurrent, and artificial intelligence (AI). Moreover, the high prevalence rate of skin disorders is expected to create the demand for effective and efficient treatment options. Skincare treatment devices play an important role in treating such skin conditions. In August 2020, Lumenis Ltd. announced the NuEra Tight enabled with the FocalRF technology. The platform represents a breakthrough in personalized noninvasive RF body treatments to match the unique needs of every patient. An increase in R&D activities and rising investments by companies in the development of advanced skincare treatment devices are further expected to promote the skincare treatment devices market growth in the South America. Moreover, strategic collaborations among market players allow the optimum use of technology and research resources
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America Skincare treatment devices market at a substantial CAGR during the forecast period.
South America Skincare Treatment Devices Market Segmentation
The South 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 a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on application, the South 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 South America skincare treatment devices market is segmented into online retails, specialty stores, supermarkets/ hypermarkets, and other sales channel. In 2021, the specialty stores segment held the largest market share; and the online retails segment is expected to register the highest CAGR in the market during the forecast period. Based on end user, the market is segmented into dermatology clinics, hospitals, spas & salons, and others. In 2021, the dermatology clinics segment held a larger share of the market; and the same segment is expected to register a higher CAGR during the forecast period. Based on country, the South America skincare treatment devices market is segmented into Brazil, Argentina, and Rest of SAM. In 2021, Brazil held the largest market share; and it is also 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.; and Lumenis Be Ltd. are among the leading companies in the South America skincare treatment devices market.