Rising prevalence of skin problems has been leading to scarring. Acne and wrinkles are considered the most common skin problems in the U.S., which are affecting over 50 million people yearly. Majority of physical changes, including permanent scarring occur due to acne. Moreover, about 85% of people aged between 12 and 24 experience acne.
The commonly used homecare dermatology energy-based devices for the treatment of acne and wrinkles are LEDs and phototherapy equipment. Thus, rising prevalence of skin disorders is directly expected to drive the growth of the global homecare dermatology energy-based device market over the forecast period.
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Growing commercialization of advanced technology in homecare dermatology and frequent introduction of user-friendly dermatology services are collectively boosting the growth prospects for homecare dermatology energy-based devices landscape at a global level.
According to a newly released intelligence report by Future Market Insights, exhibiting nearly 5% year over year growth in revenue, the global homecare dermatology energy-based devices landscape is likely to be worth over US$ 550 Mn in 2020. While maximum incremental opportunity is projected for China and APEC, North America – despite being the global leader – is likely to witness moderate growth in coming years.
Rapidly growing demand for homecare devices as a result of a paradigm shift from conventional clinics to in-house, non-invasive energy treatments is prominently responsible for healthy revenue growth projections for homecare dermatology energy-based devices.
Technological advancements in these devices are widening their application base, thereby pushing the rate of adoption further at a global level. Another strong push factor associated with homecare dermatology energy-based devices includes their availability as the OTC products.
- Product type analysis of market landscape reveals that laser and IPL (intense pulsed light) equipment are enjoying the highest sales, whereas LED equipment is projected to emerge as the most attractive segment in homecare dermatology energy based devices space in the near future.
- Hair removal and acne, followed by wrinkles treatment, are reportedly the most extensively sought after applications of homecare dermatology energy based devices.
- E-commerce dominates all other distribution channels, according to the report. Hyper markets and super markets also remain among the preferred channels for product distribution.
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Competitive Landscape
This section of the report features profiles of the key players operating in the homecare dermatology energy-based devices market based on their market shares, product offerings, differential strategies, company dashboard and marketing approach. Examples of some of the key players featured in the report on the homecare dermatology energy-based device market include 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.
The companies offers a wide range of homecare dermatology energy-based devices for applications such as wrinkle reduction, hair removal, acne control and others. The key manufacturers of homecare dermatology energy-based devices are focusing on new marketing strategies to increase their product penetration and geographical presence in the global homecare dermatology energy-based devices market.
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