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 revenue CAGR of 8.3% during the forecast period, 2020-2027.
Emergen Research has published its latest report titled “Anti-Aging Devices Market By Device Type, By Product Type, By Application, Forecast to 2027.”
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 revenue CAGR of 8.3% during the forecast period, 2020-2027.
Market Dynamics:
Rapid advancements in technology have led to the development of devices that can effectively target signs of aging such as fine lines and wrinkles. Skin aging is a complex biological process that is influenced by combination of intrinsic and extrinsic factors. Skin anti-aging strategies aim to reverse the dermal and epidermal signs of aging and improve skin conditions through administration of nutritional supplements. Anti-aging devices exfoliate the skin, enhance cell turnover, and stimulate collagen and elastin production to rejuvenate the skin. Increasing popularity of anti-aging devices and treatment, rising disposable income among individuals, and growing focus of women on improving skin health and overall appearance are some key factors expected to drive market revenue growth over the forecast period.
Anti-aging devices aim to reduce appearance of lines and wrinkles, enhance skin miniaturization, and reduce transepidermal water loss. The devices stimulate the skin to promote blood circulation, improve firmness, and enhance elasticity. Anti-aging devices such as facial massagers enhance cell turnover and slows down the aging process and growing focus on skin care routine have further boosted adoption of anti-aging devices across the globe. Skin care tech devices play a crucial role in prevention, regeneration, and delaying of skin aging. Increasing concerns regarding acne, wrinkles, and hyperpigmentation have further boosted adoption of high-tech anti-aging devices that are equipped with LED lights or microcurrent technology. Development of advanced devices and growing preference for non-invasive and minimally invasive treatment approaches are some other factors expected to drive market growth over the forecast period.
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However, high costs of anti-aging devices, lower purchasing power of individuals in developing and underdeveloped countries, and lack of knowledge regarding availability of anti-aging devices are some factors expected to restrain market growth to a certain extent going ahead. Overuse of these devices can harm the skin and lead to premature aging and lack of awareness regarding appropriate use of ant-aging devices is expected to further limit its adoption and hamper market growth.
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
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Stand-alone Devices Segment to Account for Largest Revenue Share:
Stand-alone devices segment to account for largest revenue share in the global market over the forecast period attributable to increasing use of standalone devices by dermatologists in hospitals and clinics, availability of advanced devices, and rising affordability of treatments.
Laser Devices Segment to Register Significant Revenue Growth:
Laser devices segment is expected to register significant revenue growth over the forecast period attributable to growing preference for laser treatment, increasing use of laser technology to treat numerous skin conditions, and rising need for minimally invasive therapeutic options. Laser technology is widely used in aesthetic dermatology and cosmetology to enhance skin texture, tone, and reduce hyperpigmentation.
North America to Dominate Other Regional Markets in Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period attributable to increasing popularity of personalized skincare routine, rapid adoption of technologically advanced skin care and anti-aging devices, presence of established healthcare infrastructure, increasing investment to accelerate R&D activities in skincare technology, and presence of major companies in the region.
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Major Companies in the Market Include:
- Cynosure Inc.
- Home Skinovations Limited
- Allergan PLC
- Cutera Inc.
- Alma Lasers Limited
- Lumenis Limited
- Neutrogena
- Koninklijke Philips NV
- Merz Pharmaceuticals GmbH
- Sciton Inc.
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
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Skin Rejuvenation
- Hair Removal
- Skin Tightening
- Body Contouring
- Cellulite Reduction
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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