The global facial treatment devices market is set to exhibit rapid
growth in the coming years on the back of numerous factors such as
the rising demand for cosmetic treatments, the growing prevalence of
dermatological conditions, and the increasing purchasing power of
modern consumers and their willingness to spend considerable amounts
on cosmetic facial treatment. The rapid growth of the healthcare
sector has proved beneficial for a number of components of the
sector, including the facial treatment devices market, which has
received a steady influx of investment, which is likely to enable
steady growth of the market in the coming years. The global facial
treatment devices market report provides a solid understanding of the
major factors driving and restraining the growth of the global market
as well as a comprehensive understanding of the segmentation of the
facial treatment devices market.
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According to Transparency Market Research, the global facial
treatment devices market is likely to be valued at US$808.4 mn by the
end of 2017. Exhibiting a robust 7.3% CAGR over the 2017-2022
forecast period, the global facial treatment devices market is
expected to rise to a valuation of US$1,149.6 mn by the end of 2022.
The prime driver for the global facial treatment devices market is
the rising prevalence of dermatological conditions across the world.
Growing pollution levels have been a major contributing factor to
this phenomenon, in addition to the growing adoption of unhealthy
lifestyles and dietary choices, which have resulted in a growth in a
number of diseases, including dermatological conditions. The rising
prevalence of dermatological conditions in developing countries in
Southeast Asia and the Middle East is likely to be a major driver for
the global facial treatment devices market in the coming years, as
consumers in these countries are becoming increasingly affluent,
resulting in the availability of advanced skin care treatments.
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The rising disposable income of consumers is thus likely to remain a
key driver for the global facial treatment market. While facial
treatment has always been part of an average consumer’s life, the
specialized attention being given to it is a novel phenomenon and is
the result of the growing range of facial treatment products being
made available to consumers as well as the rising inclination of
consumers to spend extravagant amounts on the same.
The growing demand for cosmetic treatments is also likely to remain a
major driver for the global facial treatment devices market in the
coming years. Cosmetic treatments have become increasingly popular
across the world in recent years due to the rising demand to maintain
a youthful and more attractive appearance, while the diversification
of treatments in the facial treatment market has also helped boost
the market’s growth prospects. Urban consumers are the key consumer
demographic for cosmetic treatments, as the demand to maintain a more
attractive appearance is higher among urban consumers.
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North America is likely to remain the dominant contributor to the
global facial treatment devices market in the coming years due to the
rising prevalence of dermatological disorders that necessitate the
use of facial treatment devices. Asia Pacific except Japan is also
likely to emerge as a significant contributor to the global market
over the coming years due to the rising disposable income of
consumers in the region.
Leading companies in the global facial treatment market include Solta
Medical Inc., Lumenis Ltd., Cynosure Inc., Strata Skin Sciences Inc.,
Syneron Medical Ltd., Lutronic Corporation, Cutera Inc., Lynton
Lasers Ltd., Sciton Inc., Alma Lasers Ltd., Venus Concept Canada
Corporation, and Fotona d.d.
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