Beauty devices enhance
users' physical appearance by resolving issues related to skin and hair. Market
Research Future (MRFR) has published a report about the global beauty devices
market that estimates an enormous boost for this market with 7.8% CAGR (Compound
Annual Growth Rate) between 2017 and 2023.
The key driving factors
for the global beauty devices market growth include high disposable income,
immense technological advancement, increasing awareness about beauty devices
and services, increasing hormonal disorders, increasing prevalence of skin and
hair problems, and rising geriatric population. Given the latest trends in this
market, new players are entering the market, and existing players are focusing
more on introducing technologically advanced devices. This spells more
competition in the near future that can slow down the market growth due to
cut-throat competition regarding low prices.
The global beauty devices
market has been segmented on the basis of application, end user, type and
lastly, region. The application-based segmentation of this market covers the
commercial purpose and others. Furthermore, commercial purpose segmented into
hospitals/clinics, salon/spas, and others. Based on end users, the market has
been segmented into professional and personalized.
Beauty
Devices Market Segmentation:
The global beauty devices
market is segmented on the basis of type, application, and end user.
On the basis of type, it
is segmented into hair care, skin care, oral care, and others. Furthermore hair
care segmented into hair removal devices, hair growth devices, hair styling
devices, and others and skin care segmented into light/led and photo
rejuvenation therapy devices, cellulite reduction devices, acne removal
devices, and others.
On the basis of application,
it is segmented into commercial purpose and others. Furthermore commercial
purpose segmented into salon/spas, hospitals/clinics, and others
On the basis of end user,
it is segmented into professional and personalized.
Key Players
The key
players in the global beauty devices market include Home Skinovations Ltd
(Israel), L'Oreal S.A. (France), Nu Skin Enterprises (USA), Panasonic
Corporation (Japan), PhotoMedex Inc (USA), Procter & Gamble Co (USA),
Syneron Medical Ltd (USA), and Tria Beauty Inc. (USA).
Regional
Analysis
The Americas dominate the
global beauty devices market owing to well-developed technology, increasing
patient with PCOS, rising aging population, and increasing government support
for research & development. Furthermore, increased R&D activities and
the concentration of major companies have fuelled the growth of the market in
this region. Some regions of Latin America are also expected to rise at a
faster pace.
Europe holds the second
position in the global beauty devices market owing to the government support
for research & development and availability of funds for research. This is expected
to continue to drive the European market over the forecasted period. For
instance, countries like Germany and France are increasing investment in the
healthcare domain.
Asia Pacific is the
fastest growing acquired beauty devices market owing to the presence of rapidly
developing healthcare technology, huge patient population, and high healthcare
expenditure. Moreover, increasing demand for new treatment methods in countries
like India and China is likely to emerge as the fastest growing market across
the globe. Furthermore, increasing demand for quality devices in healthcare, is
projected to lead to the use of advanced equipment, which, in turn, will
increase the market growth of the acquired aplastic anemia in the region. In
the Asia Pacific region, China is commanding the largest market share owing to
tremendous economic development and increasing aging population.
On the other hand, the
Middle East and Africa is expecting a luxurious growth in coming years. On the
basis of consumer awareness, the usage of beauty devices is dominant across all
age groups.
Table
Of Content
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic
Indicators
4.6 Technology Trends
& Assessment
TOC Continued….!
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Complete Report Details @
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