Anti-aging Devices Market Trend - Increasing Focus on Skin Care and Physical Appurtenance
Increasing focus on skin care and physical appurtenance, rising aging population across the globe, and rapid adoption of advanced anti-aging treatment and devices in many developed and developing countries are expected to drive global Anti-aging Devices market growth.
According to Emergen Research, the global anti-aging devices market size was USD 7.49 billion in 2019 and is expected to reach USD 14.22 billion in 2027 and register a steady revenue CAGR of 8.3% during the forecast period, 2020-2027.
Skin aging is a complex process, influenced by a combination of various intrinsic and extrinsic factors. Skincare devices play a crucial role in preventing, regenerating, and delaying skin aging. Various anti-aging strategies and treatments are undertaken by the aging population in order to improve skin textures and conditions and reverse the dermal signs of aging. Factors such as increasing skin concerns such as acne, hyperpigmentation, and wrinkles, rapid technological advancements in anti-aging devices, and growing preference for non-invasive or minimally invasive treatment approaches are some key factors expected to drive global market revenue growth during the forecast period.
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However, high cost of anti-aging devices and procedures, lack of awareness about these devices, and easy availability of counterfeit products are some key factors that can hamper overall market growth to a certain extent going ahead.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
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- Emergence of variants continue to cause concerns and impact normal routines
Stand-alone Segment to Account for Largest Revenue Share:
The stand-alone segment is expected to account for largest revenue share during the forecast period owing to rising availability of various types of advanced anti-aging devices, rapid adoption of standalone devices in hospitals and clinics, and presence of skilled professionals.
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Laser Devices Segment To Register Rapid Revenue CAGR:
The laser devices segment is expected to register rapid revenue CAGR during the forecast period. This can be attributed to high usage of laser treatment to treat numerous skin conditions, increasing disposable income, growing awareness about advanced laser treatment options, and rapid adoption of advanced laser treatment for enhancing skin tone, texture, and reducing pigmentation.
Asia Pacific To Register Rapid Revenue CAGR:
Asia Pacific market revenue is expected to expand at a rapid CAGR over the forecast period owing to increasing focus on personal appearance and improving skin health, large aging population, and rapid adoption of advanced devices and treatment. In addition, rising disposable income, growing demand for high-tech anti-aging devices, and increasing investments in developing novel and cost-effective devices are expected to drive Asia Pacific market growth going ahead.
Major Companies in the Market Include:
- Cynosure Inc.
- Home Skinovations Limited
- Allergan PLC
- Cutera Inc.
- Alma Lasers Limited
- Lumenis Limited
- Koninklijke Philips NV
- Merz Pharmaceuticals GmbH
- Sciton Inc.
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For the purpose of this report, Emergen Research has segmented the global anti-aging devices market on the basis of device type, product type, application, and region:
Device Type Outlook (Revenue, USD Billion; 2017-2027)
- Stand-Alone Devices
- Direct-To-Consumer Devices
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Radiofrequency Devices
- Laser Devices
- Combination Technologies
- Pulsed Light Devices
- Exfoliation Devices
- Ultrasound Devices
- Light Therapy
Application Outlook (Revenue, USD Billion; 2017-2027)
- Skin Rejuvenation
- Hair Removal
- Skin Tightening
- Body Contouring
- Cellulite Reduction
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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