The skin analysis market will grow substantially in the next 10 years as technology, range of business models and company value propositions change.
A study conducted by IDTechEx found that the skin analysis industry is expected to reach a value of $275 million by 2030.
Factors impacting growth include:
- Consumer education about skin conditions and products to alleviate them
- Personalized products to consumers
- Digital cameras and AI technology in the palms of consumers from their smartphones
- New models continue to emerge
To read more about the rise of skin analysis technologies, please visit IDTechEx’s report.