11.7% Global CAGR for Skin Aesthetic Devices Market to achieve US$ 4,332.90 Mn by 2027

Cutera Inc., Allergan plc., Cynosure and Alma Lasers – Notable Market Participants in Skin Aesthetics Devices Industry

Skin aesthetics deals with the enhancement of cosmetic appearance of the skin. Skin aesthetic devices majorly include systems and platforms for hair removal, vascular lesions, tattoo removal, treatment of acne & scars, and rejuvenation of skin. Factors such as rising preference toward minimally invasive procedures, increase in number of cosmetic surgeries, growth in population between the ages 30 and 65 years are expected to account for the growth of the market.

The most notable market participants are Cutera Inc., Allergan plc. Cynosure, Alma Lasers, Merz Pharma, Sciton, inc. and Venus Concept occupying a considerable share of the market owing to their offerings to the market.

Market leaders are involved in inorganic activities such as partnerships and acquisitions in order to improve their performance and consolidate market position. For instance, in October 2017, Candela Corporation entered into an exclusive collaboration agreement with MT.DERM GmbH for the commercialization of MT.DERM’s medical micro-needling products.  According to the agreement, Candela Medical will market the product globally.

Prominent players in skin aesthetics devices market are also focusing on organic strategies such as product launch, product approval, geographic and manufacturing expansion, and others. These strategies are helping major players to strengthen their market positions along with widening their geographic footprints. Additionally, various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market. Few of the important key developments from the industry are mentioned below: