Report ID: UCMIG35A2224
Report ID:
UCMIG35A2224 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for skincare devices worldwide was valued at USD 12.5 billion in 2021, and is projected to grow at a CAGR of 11.9% from 2022 to 2030. The market growth is attributed to the high demand for skincare devices due to the increasing prevalence of skin cancer and other skin diseases. Additionally, the rise in awareness about esthetic appeal and technological advancements in skincare devices are contributing to the significant adoption of these devices. The market is also being driven by the increase in disposable income.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2224