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Asia Pacific Skincare Devices Market to reach USD 21.21 billion by 2032.

Asia Pacific Skincare Devices Market Size study, by Product (Diagnostic Devices, Treatment Devices) by End Use (Hospitals, Clinics, Others) and Country Forecasts 2022-2032

Product Code: OIRPC-41471331
Publish Date: 2-06-2024
Page: 200

Asia Pacific Skincare Devices Market is valued approximately USD 7.07 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 12.98% over the forecast period 2024-2032. Skincare devices encompass a wide range of tools and gadgets designed to improve the health and appearance of the skin. These devices leverage various technologies, including light therapy, ultrasound, radiofrequency, microdermabrasion, and others, to address various skin concerns such as acne, aging, pigmentation, and texture irregularities. Skincare devices are popular among consumers seeking at-home solutions for common skin issues, as well as among professionals in dermatology clinics and medspas. The popularity of Korean and Japanese skincare routines, known as K-Beauty and J-Beauty, respectively, is influencing skincare trends in the Asia Pacific region. Consumers are embracing the multi-step skincare routines and innovative products endorsed by these beauty cultures, including skincare devices such as facial massagers, sheet masks, and beauty tools.

The expanding beauty and wellness industry in the Asia Pacific region, fueled by increasing consumer interest in self-care and beauty rituals, is driving demand for skincare devices. Spas, salons, and beauty clinics in the region are incorporating skincare devices into their treatment offerings to attract clients seeking advanced skincare solutions. Furthermore, Asia Pacific Skincare Devices Market is driven by increasing awareness and concerns about skin health and increasing aging population. However, Stringent regulatory requirements and approval processes, on the other hand, will stifle market growth between 2022 and 2032.

The key Countries considered for the Asia Pacific Skincare Devices market study includes China, India, Japan, South Korea, Australia and Rest of Asia Pacific. In 2023, South Korea was the largest regional market in terms of market share. South Korea is renowned for its advanced skincare technology and innovative beauty products, earning it the title of “Beauty Capital” or “Skincare Capital” of the world. The country’s skincare industry benefits from a culture that prioritizes skincare and beauty, with a large and sophisticated consumer base that is willing to invest in skincare devices and treatment.
Moreover, South Korea has a highly developed healthcare infrastructure and a thriving cosmetics industry, supported by robust research and development capabilities. The country’s skincare device manufacturers leverage cutting-edge technology and scientific research to develop high-quality and effective skincare devices that cater to a wide range of consumer needs. The market in India, on the other hand, is expected to develop at the fastest rate over the forecast period.

Major market player included in this report are:
Panasonic Corporation
Ya-man Ltd.
Hitachi Ltd
MTG Co., Ltd.
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Product
Diagnostic Devices
Treatment Devices

By End Use

By Region:
Asia Pacific
South Korea

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Asia Pacific Skincare Devices Market Definition and Research Assumptions
1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
1.3.1. Inclusion & Exclusion
1.3.2. Limitations
1.3.3. Supply Side Analysis Availability Infrastructure Regulatory Environment Market Competition Economic Viability (Consumer’s Perspective)
1.3.4. Demand Side Analysis Regulatory frameworks Technological Advancements Environmental Considerations Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary
2.1. Asia Pacific Skincare Devices Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
2.3.1. By Product
2.3.2. By End Use
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion
Chapter 3. Asia Pacific Skincare Devices Market Dynamics
3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities
Chapter 4. Asia Pacific Skincare Devices Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Asia Pacific Skincare Devices Market Size & Forecasts by Product 2022-2032
5.1. Diagnostic Devices
5.2. Treatment Devices
Chapter 6. Asia Pacific Skincare Devices Market Size & Forecasts by End Use 2022-2032
6.1. Hospitals
6.2. Clinics
6.3. Others
Chapter 7. Asia Pacific Skincare Devices Market Size & Forecasts by Country 2022-2032
7.1. China Skincare Devices Market
7.1.1. Product breakdown size & forecasts, 2022-2032
7.1.2. End Use breakdown size & forecasts, 2022-2032
7.2. India Skincare Devices Market
7.3. Japan Skincare Devices Market
7.4. Australia Skincare Devices Market
7.5. South Korea Skincare Devices Market
7.6. Rest of Asia Pacific Skincare Devices Market
Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Panasonic Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Market Strategies
8.3.2. Ya-man Ltd.
8.3.3. Hitachi Ltd
8.3.4. MTG Co., Ltd.
8.3.5. Company 5
8.3.6. Company 6
8.3.7. Company 7
8.3.8. Company 8
8.3.9. Company 9
8.3.10. Company 10
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes

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Data Collection:
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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