02.01.18
According to the report from P&S Market Research, the skin care devices market is forecasted to reach $14.6 billion by 2023, led by increasing cases of skin cancer and skin-related disorders, technological advancements in skin care devices, increases in disposable income, rising demand for aesthetic procedures and a growing geriatric population.
The company contends the skin diagnostic devices market is expected to witness the fastest growth at a CAGR of 11.9% during the forecast period. This rising demand can be attributed to the increasing prevalence of skin diseases, especially skin cancer, the diagnosis of which requires the use of these devices.
Skin treatment devices—light/LED therapy and photorejuvenation, liposuction, electrosurgical, laser based, cryotherapy, microdermabrasion, and others—held the largest share in the skin care devices market in 2017, according to the firm.
The company contends the skin diagnostic devices market is expected to witness the fastest growth at a CAGR of 11.9% during the forecast period. This rising demand can be attributed to the increasing prevalence of skin diseases, especially skin cancer, the diagnosis of which requires the use of these devices.
Skin treatment devices—light/LED therapy and photorejuvenation, liposuction, electrosurgical, laser based, cryotherapy, microdermabrasion, and others—held the largest share in the skin care devices market in 2017, according to the firm.
