|Status : Published||Published On : Mar, 2021||Report Code : VRHC1196||Industry : Healthcare||Available Format :||Page : 89|
The French skincare devices market is expected to grow at a CAGR of 12.9% during the forecast period with its market size predicted to reach USD 882.8 million by 2027. The France skincare devices market is primarily driven by the factors such as technological advancements, high awareness for the beauty care, declining use of chemical-based topical skincare products, increasing geriatric population, the high prevalence of skin disorders. Laser-based devices, electrosurgical devices, light-based devices, liposuction devices are the major contributor to the skincare devices industry in the region.
Insight by Type
Based on the type, the skincare devices market is categorized into treatment devices and diagnostic devices. Treatment devices hold a larger share in the French skincare devices market. Skincare treatment devices market is categorized into laser-based devices, electrosurgical devices, light-based devices, liposuction devices, microdermabrasion, cryotherapy devices, and others. Of all these devices laser devices market is predicted to observe the highest growth during the forecast period.
Diagnostic skincare devices market is further segmented into biopsy devices, dermatoscopes, image-guided systems, and others. Of all these diagnostic devices, image-guided systems market is anticipated to observe the highest CAGR during the forecast period.
Insight by Distribution Channel
On the basis of the distribution channel, the skincare devices market is segmented into direct channels and indirect channels. Skincare devices are more sold through indirect channels as compared to direct channels, however, with the increasing internet penetration market players are also leveraging the benefits of direct channels.
Insight by Application
On the basis of application, the French skincare devices market is segmented into hair removal, skin rejuvenation, diseases diagnosis and treatment, cellulite reduction, skin tightening & body contouring, others. The highest growth in demand for skincare devices is predicted to be observed for skin tightening and body contouring application.
Insight by End User
The primary end users of skincare devices in the French are dermatology clinics, spas and salons, hospitals, and others. Among all end users, the spas and salons are expected to witness the fastest growth in demand for the skincare devices in France.
The technological advancements, high awareness for the beauty care, declining use of chemical-based topical skincare products, increasing geriatric population, the high prevalence of skin disorders are the primary growth drivers for the France skincare devices industry. Moreover, the high disposable income in the country illustrates the high affordability of these devices by end users.
Owing to the high disposable income the demand for premium skincare devices is anticipated to remain high in the country. The development of high-quality handheld devices by the industry players provides consumers with alternatives to conventional treatment options. As per the World Bank data, the GDP per capita of France was USD 22,433.6 in 2001, which increased to USD 38,476.7 in 2017.
Also, the French population is aging, which is highly prone to several skin complications. Large geriatric population base illustrates a strong demand for skin treatment devices as well as skin disorder diagnostic devices in the country. For instance, according to the World Bank, 16% of the French population was aged 65 or above in 2001 and the number increased significantly to 20% by 2017.
The side effects associated with the use of skincare devices and stringent regulatory norms are the key challenges faced by the French skincare devices industry. The stringent regulations in the country lead to the delayed approval of technologically advanced devices, thus hampering the growth of the market.
Some of the players operating in the French skincare devices industry are Lumenis Ltd., Merz Pharma GmbH & Co. KGaA, Alma Lasers Ltd., PhotoMedex Inc., Hologic Inc., Galderma SA, Syneron Medical Ltd., Panasonic Corporation, Classys Inc. and Irisiome SAS.
Primary Research Interviews Breakdown