Homecare Dermatology Energy-based Devices Market: Laser Devices to Hold High Revenue Share Through 2028

Future Market Insights

Aesthetic treatments with technological advancement in LEDs, laser devices, radio frequency devices and IPL (intense pulsed light) contribute to the growth of the global homecare dermatology energy-based devices market. The increasing prevalence of skin diseases such as pigmentation, wrinkles and acne is predicted to increase the adoption of homecare dermatology energy-based devices globally. Furthermore, nearly 85% of people aged between 12 and 24 experience acne. These devices come at a lower cost and provide ease of treatment from hair removal to skin rejuvenation.

The global homecare dermatology energy-based devices market, according to the latest research by the company is predicted to account for over US$ 860 Mn, in terms of value by 2028 end. The homecare dermatology energy-based devices market is projected to witness significant CAGR growth of 5.3% through 2028.The new homecare dermatology energy-based devices utilize sonic technology for aesthetic treatments. Tria age-defying laser is a FDA-cleared laser for homecare use.

In order to expand product reach the major players are opting for strategic approaches in the homecare dermatology energy-based devices market. Rising demand for homecare dermatology energy-based devices for improving the skin problems, with recurrent approval of products and advancements in technology, are further encouraging the manufacturers for strategic activities such as partnerships and agreements, which is projected to drive the growth of the homecare dermatology energy-based devices market. E-commerce distribution channel segment is expected to account high revenue share in the homecare dermatology energy-based devices market as e-commerce websites provide special offers and discounts to customers, which consequently increases the sale of the products.

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The companies operating in the homecare dermatology energy-based devices market are focusing on launching new homecare dermatology energy-based devices globally. As a result, they are adopting methods such as retail partnership and distribution agreements as an expansion strategy to gain maximum profits in the global homecare dermatology energy-based devices market. Furthermore, advancement in laser technologies over the years have contributed to various applications of aesthetic treatments, contributing to the growth of the global homecare dermatology energy-based devices market.

However, availability of alternative products such as blades, razors, epilators, scrubbers and creams is expected to hamper the growth of the homecare dermatology energy-based devices market. Manufacturers have launched new products, for instance, Inne Beauty has painless hair removal devices in its portfolio. These devices are less expensive than the homecare energy-based devices such as lasers, IPL and radio frequency devices. Moreover, home care energy-based devices are still inferior to the office-based devices and medical treatment still remains the standard of care for most conditions. Also, a level of caution has to be adhered while using light or infrared devices. This would negatively impact the growth of the overall homecare dermatology energy-based devices market.

The company has segmented the global homecare dermatology energy-based devices market based on product type into laser devices, radio frequency, intense pulsed light (IPL) devices, LED devices and infrared devices.  Based on application the global homecare dermatology energy-based devices market is segmented as Hair Removal, Acne, Wrinkles, skin rejuvenation, skin pigmentation and others. Based on distribution channel the global homecare dermatology energy-based devices market is segmented on the bases of Super Market& hyper market, Retail Pharmacies, Drug Stores and e-commerce.

Laser devices segment according to the company accounted for almost 26% revenue share in the global homecare dermatology energy-based devices market in 2017. The China homecare dermatology energy-based devices market is predicted to be the most profitable market in the global homecare dermatology energy-based devices during the forecast period due to presence of a large number of manufacturers. However, growing popularity of LED and IPL devices is expected to limit the segment’s growth in the near future.

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Examples of some of the major companies operating in the homecare dermatology energy-based devices market which have been tracked in the report are Shenzhen Leaflife Technology Co., Ltd., Dezac group ( Rio Beauty), Norlanya Technology Co., Home Skinovations Inc., Koninklijke Philips,  Johnson & Johnson Consumer Inc., Procter & Gamble, Tria Beauty and Conair Corporation.

 

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