Skin Rejuvenation Devices Market

Skin Rejuvenation Devices Market Outlook (2023 to 2033)

According to a detailed report by Fact.MR, the global skin rejuvenation devices market recorded sales of US$ 1.92 billion in 2022. The market is predicted to advance at a CAGR of 8.9% and reach in an industry size of US$ 4.93 billion by 2033-end. Rising use of skin rejuvenation devices is attributed to their feature to help individuals revitalize their complexion and achieve youthful skin.

Growth of the beauty & wellness industry is predicted to positively impact the demand for skin rejuvenation devices. These aesthetic devices are specifically designed to improve the texture and appearance of the skin. This dermatology equipment leverages multiple methods and technologies to address some common concerns related to the skin, including fine lines, pigmentation issues, acne, scars, and aging.

Key Market Growth Drivers

• Increasing aging population worldwide is leading to the rising demand for various anti-aging solutions. With growing age, many people are seeking minimally invasive and non-surgical options to maintain their youthful skin.
• Constant technological advancements are predicted to lead to the development of innovative and more effective skin rejuvenation devices. They use technologies, including radiofrequency, laser therapy, microneedling, and ultrasound to stimulate the production of collagen and improve skin texture and tone.

Growing awareness about skincare along with the availability of multiple at-home skin rejuvenation devices is forecasted to result in increasing consumer interest in the industry. Many consumers are becoming aware of the use of anti-aging devices and are ready to invest in them.

• Global demand for energy-based skin rejuvenation devices is predicted to increase at 7.7% CAGR and reach a market value of US$ 163 million by 2033.
• Sales of skin rejuvenation devices in China are forecasted to rise at a CAGR of 7.4% and reach US$ 598 million by 2033-end.

Skin rejuvenation devices provide a non-invasive alternative to conventional surgical procedures. This feature makes these devices an attractive option for people who are willing to invest in improving their skin without any risks associated with surgery.

Report Attributes	Details
Skin Rejuvenation Devices Market Size (2022A)	US$ 1.92 Billion
Estimated Market Value (2023E)	US$ 2.1 Billion
Projected Market Value (2033F)	US$ 4.93 Billion
Global Market Growth Rate (2023 to 2033)	8.9% CAGR
United States Market Value (2022)	US$ 605 Million
Sales of Energy-based Skin Rejuvenation Devices (2033)	US$ 163 Million
Japan Market Growth Rate (2023 to 2033)	7.4% CAGR
Germany Market Growth Rate (2023 to 2033)	4.6% CAGR
Key Companies Profiled	Alma Lasers, Inc. Cynosure, Inc. Cutera, Inc. EL.EN S.p.A. Lumenis Ltd. Fotona d.o.o. Lutronic Corporation Sciton, Inc. Lynton Lasers Ltd. Solta Medical, Inc. Sciton, Inc. Syneron & Candela STRATA Skin Sciences Venus Concept

What is Driving the Demand for Skin Rejuvenation Devices?

“Growing Prevalence of Skin-related Disorders and Rising Number of Aesthetic Processes”

Rising prevalence of different types of skin-related problems, including scars, wrinkles, sun-damaged skin, acne, hyperpigmentation, and stretch marks are predicted to result in the growing use of skin rejuvenation devices for procedures. Furthermore, individuals are displaying a growing interest in skincare and are willing to make investments in achieving healthier skin.

For instance :

• According to the report titled Global Aesthetic Survey published by the International Society of Aesthetic Plastic Surgery in April 2022, adoption of aesthetic body procedures, including buttock augmentation, abdominoplasty, and liposuction increased by 63% in 2020 around the world. Breast procedures, including breast lift/reductions and augmentation/breast lift, increased by 54.1% in 2021.

“Increasing Aging Population Driving Sales of Skin Rejuvenation Devices”

According to Fact.MR, owing to the rising geriatric population, demand for skincare devices is predicted to increase significantly.

For instance :

• According to age-related data provided by the World Health Organization in October 2021, the percentage of the global population over 60 years of age is predicted to double from 12% to 22% from 2017 to 2050. It is estimated that approximately 80% of the elderly population will reside in middle- and low-income countries by 2050. 1 in 6 people around the world is forecasted to be 60 years old or more by 2030.

Geriatric people generally face issues related to wrinkles, decreasing skin fat, and similar skin-related problems. These issues are projected to result in an increasing number of skin rejuvenation processes that are further predicted to benefit the global market in the coming decade.

What Challenges May Limit the Demand Growth for Skin Rejuvenation Equipment?

“High Cost of Anti-aging Devices and Complex Manufacturing Processes”

A wide spectrum of cutting-edge technologies are included in skin rejuvenation devices. However, the expenditure related to these anti-aging devices is predicted to impede their accessibility, especially for individuals with limited financial resources. Moreover, the development and production of dermatology equipment includes intricate engineering, rigorous quality control processes, and high-quality materials. Skilled labor, precision machinery, and raw materials are requisites in intricate manufacturing procedures that ultimately lead to a higher initial investment, thus purchasing devices becomes an expensive affair.

“Limited Accessibility of Advanced Skin Rejuvenation Devices”

Advanced skin rejuvenation devices are not available uniformly across geographies. This disparity in access is projected to create a significant imbalance in the supply of cutting-edge technology and skincare services. Urban areas can have comparatively easy access to superior devices compared to their rural counterparts.

Urban areas owing to their high population density along with greater economic resources are anticipated to attract several skincare practitioners and clinics. It results in convenient access to various advanced non-invasive rejuvenation devices that are further predicted to limit their scope in rural areas.

How are Start-ups Strategizing in the Global Market?

“Investments in Technological Innovation to Develop Cutting-edge Devices”

Start-ups can concentrate on the development of cutting-edge devices to offer superior performance, user experience, and safety. This is predicted to involve advancements in artificial intelligence, robotics, laser technology, and integration of Internet of Things (IoT) capabilities for product customization.

To succeed in the industry, start-ups need to conduct thorough R&D activities and identify unmet requirements in the industry. Moreover, they need to invest in the development of clear value propositions that closely resonate with potential investors and consumers.

Country-wise Insights

North America is projected to account for a significant share of the global market revenue owing to the rising popularity of minimally invasive and non-invasive procedures for skin rejuvenation due to their efficiency and safety. Europe is anticipated to follow closely to North America due to increasing interest in eco-friendly and sustainable medical aesthetic devices.

Which Aspects are Supporting the Growth of the United States Market?

“Growing Cosmetic and Aesthetic Trends in the United States”

The United States market reached a valuation of US$ 605 million in 2022. There is a significant increase in societal emphasis on self-care and appearance in the country. The majority of Americans are looking for non-surgical options to enhance their appearance, which is further projected to result in growing interest in multiple types of skin rejuvenation devices.

Skin rejuvenation devices provide minimally invasive alternatives to traditional surgical procedures and are thus an attractive option to individuals wanting to avoid risks related to surgery.

How is the German Market Expected to Perform Going Forward?

“Increased Willingness to Spend on Personal Grooming”

The German market is predicted to advance at a 4.6% CAGR through 2033. Germany is one of the premier economic powerhouses in Europe and is renowned for its prosperous and robust economy. Germany's economic prosperity is evident in the substantial disposable income of its residents, enabling them to make investments in a wide range of advanced devices and skincare treatments. Prudent economic policies of Germany, including social safety nets and a low unemployment rate, ensure high disposable income.

Which Countries in Asia Pacific are Market Players Projected to Invest In?

“Growing Preference for Non-invasive Skincare Procedures in China”

Demand for skin rejuvenation devices in China is forecasted to rise at a CAGR of 7.4% and reach a valuation of US$ 598 million by 2033-end. Many consumers in China are increasingly seeking minimally invasive and non-invasive procedures.

Owing to a variety of reasons, including shorter recovery time, relative affordability, and reduced risks in comparison to more invasive surgical alternatives, non-invasive procedures are favored by the majority of Chinese. The traction for skin rejuvenation devices is increasing due to their alignment with non-invasive approaches and increasing emphasis on skin grooming.

“Increasing Cultural Emphasis on Skincare in Japan”

Sales of skin rejuvenation devices in Japan are projected to advance at a significant 7.4% CAGR from 2023 to 2033. The culture of personal grooming and skincare is deeply rooted in the traditions and history of Japan. This culture is giving rise to the growing demand for skincare treatments and products that include the extensive adoption of various types of skin rejuvenation devices.

Japanese aesthetics concentrate on the appreciation of natural, balance, and subtlety beauty. This has further given rise to the desire for youthful, radiant, and clear skin that is projected to boost demand for aesthetic devices.

Category-wise Insights

As per the report published by Fact.MR, global demand for laser-based devices is projected to expand at a robust CAGR of 9.7% from 2023 to 2033 owing to their customization feature and effectiveness in results.

Why are Energy-based Aesthetic Devices Extensively Used for Skin Rejuvenation Purposes?

“Minimally Invasive and Non-Surgical Nature of Energy-based Procedures”

According to Fact.MR, a market research and competitive intelligence provider, energy-based skin rejuvenation devices are forecasted to hold a noticeable share of the global market revenue. Worldwide demand for energy-based skin rejuvenation devices is predicted to increase at a CAGR of 7.7% and reach US$ 163 million by 2033.

Energy-based skin rejuvenation devices, including radiofrequency, laser, and ultrasound are well-known due to their feature to deliver effective and noticeable outcomes in skin rejuvenation. They can target several skin concerns, including pigmentation irregularities, fine lines, sagging skin, and wrinkles to get improved skin appearance and texture.

Compared to conventional surgical options, energy-based procedures for skin rejuvenation are generally minimally invasive and non-surgical. Patients can get the desired results with reduced discomfort, minimal downtime, and fewer risks.

Market Competition

Manufacturers of skin rejuvenation devices are adopting multiple strategies to achieve their goals, including management of supply chain systems, ensuring quality control of products, new developments, etc. Key market players are investing in product launches to expand their product portfolio and get a competitive edge.

For instance :

• Skin Science Solutions is a key leader in body and skin rejuvenating treatment. In April 2022, the company announced the launch of its icoone® Roboderm®. It is a new-generation device with unique cellular technologies to provide non-invasive and painless body and facial rejuvenation.

Key players in the skin rejuvenation devices market are Alma Lasers, Inc., Cynosure, Inc., Cutera, Inc., EL.EN S.p.A., Lumenis Ltd., Fotona d.o.o., Lutronic Corporation, Sciton, Inc., Lynton Lasers Ltd., Solta Medical, Inc., Sciton, Inc., Syneron & Candela, STRATA Skin Sciences, and Venus Concept.

Segmentation of Skin Rejuvenation Devices Industry Research

• By Type :

  • Energy-based
  • Laser-based
  • RF Devices
  • Ultrasound Devices
  • LED Devices
  • IPL Devices

• By End User :

  • Dermatology Clinics
  • Beauty Clinics

• By Sales Channel :

  • Direct Sales
  • Modern Sales
  • Specialty Stores
  • Departmental Stores
  • Online Retailers
  • Mono-brand Stores

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa