AI Skin Analysis Market Trends and Forecast
The future of the global AI skin analysis market looks promising with opportunities in the skin management, cosmetics marketing, and intelligent medical beauty markets. The global AI skin analysis market is expected to grow with a CAGR of 14.5% from 2024 to 2030. The major drivers for this market are growing awareness of skincare and beauty and rising demand for personalized skincare solutions.
• Lucintel forecasts that B2B is expected to witness higher growth over the forecast period.
• Within this market, skin management is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Skin Analysis Market
• United States: In the U.S., companies like Procter & Gamble (P&G) and Neutrogena are advancing AI-driven skin analysis technologies. P&G announced the launch of Opté Precision Skincare System, utilizing AI to scan and analyze skin, detecting imperfections and applying makeup precisely. Neutrogena introduced Skin360, a smartphone-based AI tool for personalized skincare recommendations based on skin analysis. These initiatives align with the U.S. FDAÄX%$%Xs regulations on AI in healthcare, ensuring safety and efficacy.
• India: In India, startups like SkinKraft and CureSkin are innovating in AI skin analysis. SkinKraft provides personalized skincare solutions through AI-powered analysis of skin types and concerns, offering customized products. CureSkin offers an AI-based app for skin analysis and dermatologist consultations, aiming to improve accessibility to skincare solutions across IndiaÄX%$%Xs diverse demographics. The Indian government supports AI in healthcare through initiatives like the National Digital Health Mission (NDHM), promoting technology-driven healthcare solutions
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Skin Analysis Market by Segment
The study includes a forecast for the global AI skin analysis market by type, application, and region.
AI Skin Analysis Market by Type [Value from 2018 to 2030]:
• B2B
• B2C
AI Skin Analysis Market by Application [Value from 2018 to 2030]:
• Skin Management
• Cosmetics Marketing
• Intelligent Medical Beauty
• Others
AI Skin Analysis Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Skin Analysis Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI skin analysis companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI skin analysis companies profiled in this report include-
• Revieve
• Canfield Scientific
• Haut.AI
• Zemits
• Samsung
• Coralai
• Palo Alto Research Center Incorporated
Recent Development in the AI Skin Analysis Market
• Procter & Gamble (P&G): P&G launched the Opté Precision Skincare System, which uses AI and optical scanning technology to analyze the skinÄX%$%Xs condition. The device scans the skin, detects hyperpigmentation, age spots, and other imperfections, and precisely applies makeup only where needed. This AI-driven system aims to revolutionize personalized skincare by providing targeted treatment and enhancing skin appearance seamlessly.
• Neutrogena: Neutrogena introduced Skin360, an AI-powered tool integrated with a smartphone app that analyzes skin health. The device captures close-up images of the skin using a dermatologist-grade camera and provides detailed insights into skin moisture levels, fine lines, and wrinkles. The app offers personalized skincare recommendations based on AI analysis, helping users track their skinÄX%$%Xs progress over time and adjust their skincare routines accordingly.
• Meitu: MeituÄX%$%Xs BeautyPlus app utilizes AI technology for real-time skin analysis and virtual makeup. The app enhances selfies by automatically detecting and correcting imperfections such as blemishes and dark spots. Users can also experiment with virtual makeup styles and colors, enhancing their beauty experience through AI-driven features that cater to personalized preferences and trends.
• SkinKraft: SkinKraft offers personalized skincare solutions based on AI-driven skin analysis. The company analyzes usersÄX%$%X skin types and concerns through an online questionnaire and AI algorithms. Based on this analysis, SkinKraft formulates customized skincare products tailored to individual needs, addressing issues such as acne, dryness, and sensitivity. SkinKraftÄX%$%Xs approach combines data-driven insights with dermatological expertise to deliver effective skincare solutions directly to consumers
Features of the Global AI Skin Analysis Market
Market Size Estimates: Ai skin analysis market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ai skin analysis market size by type, application, and region in terms of value ($B).
Regional Analysis: Ai skin analysis market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI skin analysis market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI skin analysis market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI skin analysis market?
Answer: The global AI skin analysis market is expected to grow with a CAGR of 14.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI skin analysis market?
Answer: The major drivers for this market are growing awareness of skincare and beauty and rising demand for personalized skincare solutions.
Q3. What are the major segments for AI skin analysis market?
Answer: The future of the AI skin analysis market looks promising with opportunities in the skin management, cosmetics marketing, and intelligent medical beauty markets.
Q4. Who are the key AI skin analysis market companies?
Answer: Some of the key AI skin analysis companies are as follows:
• Revieve
• Canfield Scientific
• Haut.AI
• Zemits
• Samsung
• Coralai
• Palo Alto Research Center Incorporated
Q5. Which AI skin analysis market segment will be the largest in future?
Answer: Lucintel forecasts that B2B is expected to witness higher growth over the forecast period.
Q6. In AI skin analysis market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI skin analysis market by type (B2B and B2C), application (skin management, cosmetics marketing, intelligent medical beauty, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Skin Analysis Market Market, AI Skin Analysis Market Market Size, AI Skin Analysis Market Market Growth, AI Skin Analysis Market Market Analysis, AI Skin Analysis Market Market Report, AI Skin Analysis Market Market Share, AI Skin Analysis Market Market Trends, AI Skin Analysis Market Market Forecast, AI Skin Analysis Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.