Homecare Dermatology Energy Based Devices to Surpass US$ 550 Mn in Revenue by 2020

According to a newly released intelligence report, 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.

The growing awareness among general population regarding the benefits of homecare dermatology energy-based devices and technological advancement are increasing their adoption across the globe. These homecare dermatology energy-based devices save money and time and are easy to buy as they are available over the counter. These are some of the factors contributing to the growth of the homecare dermatology energy-based devices market.
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Increasing Burden of Skin Disorders
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. 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.
Increasing Use of Technology Combinations in Products
LEDs are used for reducing fine lines, bringing of skin tone, while lasers are target specific and effective. The combination of both the devices can lead to better results. Also, increasing use of combination of technologies have better outcomes. LED lights have anti-bacterial properties which stop the growth of acne. Also, majority of the treatments work on all the skin tones. For instance, RF Beaute Photo PLUS works on a combination of radio frequency and LED technology. LED minimises the apparence of wrinkles and fine lines and reduces the pore size while the RF removes the dirt from skin.
New Product Launches Governed by Regulatory Approvals in the Homecare Dermatology Energy-based Devices Market
Product launches in the homecare dermatology energy-based device market are specifically governed by certain regulations, whose approval is necessary for the launch of products in the market. Over the last few years, leading players in homecare dermatology energy-based device market have received regulatory approvals across major geographic markets, which have enabled them to launch various products in the market. For instance, in October 2017, Home Skinovations Inc. received FDA clearance for its Anti-Aging Device Titan, which is proven to tighten the skin and enhance beauty without undergoing invasive procedures.
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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Segmentation
The report offers a comprehensive taxonomy of homecare dermatology energy-based devices market based on product type, application, distribution channel and region. The homecare dermatology energy-based devices are used for various applications such as skin rejuvenation, skin pigmentation, acne control, wrinkle reduction, and hair removal, among others. The major distributors of homecare dermatology energy-based devices are super market& hyper markets, retail pharmacies, drug stores and e-commerce. By product type, the global homecare dermatology energy-based devices market is segmented into intense pulsed light (IPL) devices, laser devices, and LED devices, radiofrequency devices and infrared devices. Based on application, the global homecare dermatology energy-based devices market is segmented into hair removal, acne, wrinkles, skin rejuvenation and pigmentation. Based on distribution channel, the global homecare dermatology energy-based devices market is segmented into super market& hyper market, retail pharmacies, drug store and e-commerce. The homecare dermatology energy-based devices market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding China & Japan (APEC), China and Middle East & Africa (MEA).
Additional Questions Answered
Some of the additional questions addressed in this report on homecare dermatology energy-based devices market-
What is the revenue potential of homecare dermatology energy-based devices market across regions of North America and Europe?
Who are the key competitors in homecare dermatology energy-based devices market and what are their portfolios in homecare dermatology energy-based devices?
What are major challenges influencing the growth of homecare dermatology energy-based devices market?
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