Beauty Devices Market Size, Share, Upcoming Trends, Business Opportunities, Future Insights and Analysis By Global Companies, Forecast To 2023
Aug 6, 2019
Global Beauty Devices Market Analysis By Product (Skin Care, Hair Care, Oral Care), End User, Leading Market Players, Latest Trends, Regional insights and Application, Forecast to 2023
Pune, India - August 6, 2019 /MarketersMedia/ —
Market Overview:
The Global Beauty Devices Market size to witness a CAGR exceeding 7.8% forecast to (2017-2023). Beauty devices are used for treating problems associated with skin or hair to enhance the physical appearance of the patient. The increasing burden of hormonal disorders such as PCOS is prognosticated to boost the demand for hair removal devices. Similarly, the rising prevalence of skin and hair diseases are poised to attract a larger customer base in the forthcoming years.
Rising burden of skin diseases and beauty standards to expand beauty devices market over the forecast period. Developments in technology are projected to impact the growth of the beauty devices market favorably over the next few years. Rising awareness about these devices is set to open new avenues of growth opportunities in the nearby future. However, the adverse effects of these devices are likely to undermine market growth in the foreseeable future.
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Competitive Dashboard:
Top key vendors contributing to the development of the global beauty devices market are
L'Oreal S.A.
Panasonic Corporation
Nu Skin Enterprises
Procter & Gamble Co
Tria Beauty Inc.
PhotoMedex Inc
Syneron Medical Ltd
TRIA Beauty Inc
Home Skinovations Ltd
The market participants are resorting to action plans such as mergers & acquisitions, collaborations, product launches, technological innovations, geographical expansion, etc. Increasing investments in research & development in order to leverage next-gen technologies is also anticipated to intensify the competitive scenario of the market in the years to come. The entry of new players is expected, which can be attributed to the boom witnessed in the startup culture on the global front.
Market Segmentation:
The different segments of the beauty devices market, based on type, include hair care, oral care, skincare, and others. The sub-segments of the hair care segment are hair growth devices, hair removal devices, hair styling devices, and others. The skincare segment covers sub-segments such as light/led and photo rejuvenation therapy devices, acne removal devices, cellulite reduction devices, and others.
The key applications identified in the segmental analysis of the market are commercial purpose (hospitals/clinics, salon/spas, and others) and others.
Based on end-user, the global market has been segmented into personalized and professional.
Regional Analysis:
Geographical evaluation of the global beauty devices market spans across a few of the major regions such as Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC). Among these, Americas is expected to account for the dominant share of the global market over the next couple of years. One of the prime factors influencing the expansion of the regional market is the increasing prevalence of PCOS. Other factors such as rising geriatric population, rising government support, etc. are further anticipated to boost the revenue growth of the beauty devices market.
Rising investments in research & development by the key players based out of the region is expected to encourage the proliferation of the regional market in the upcoming years. Asia Pacific is assessed to expand at a relatively higher CAGR across the projection period. India and China, the two emerging markets o the world, are poised to contribute substantially to the development of the beauty devices market in the region over the assessment period. The adoption of advanced healthcare technology, coupled with rising healthcare expenditure, is projected to accelerate the revenue growth of the regional market in the foreseeable future.
Latest Industry News:
In June 2019, Foreo, a beauty and wellness brand based out of Sweden, has announced the launch of LUNA 3, one of the products in its LUNA range of facial cleansing devices, exclusively on Amazon Luxury Beauty.
In May 2019, Meitu, a well-known Chinese app developer, has announced the introduction of an AI powered skin cleansing device, MeituSpa, as a part of its ‘beauty and social media strategy’.
Table Of Content:
Beauty Devices Market Introduction
Research Methodology
Market Dynamics
Market Factor Analysis
Global Beauty Devices Market, By Product Type
Global Beauty Devices Market, By Application
Global Beauty Devices Market, By End-Users
Global Beauty Devices Market, By Region
Company Landscape
Company Profiles
Conclusin
List of Tables
Appendix
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Name: Akash Anand
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/beauty-devices-market-562
Source: MarketersMedia
Release ID: 88904718
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