Beauty devices are the products and services which help in improving appearance of a person. These devices have various benefits as they are convenient to use and portable. The beauty devices help in cleansing the skin, and are also treat the aging-related problems such as wrinkles, acne, scars, spots and hair loss. The beauty products include hair removal devices, hair growth devices, hair styling devices, light/led, cellulite reduction devices, acne removal devices photo rejuvenation therapy devices and others.
The Global Beauty Devices Market is expected to grow at a CAGR of 7.8 % during the forecast period 2017-2023.
Beauty devices are attracting high attention of market, since the innovative technology is developing in almost every aspect of life. These beauty devices are accepted by the consumers. However, the presence of substitute with lower price and side-effects from beauty devices may hamper the upside move of the market over the review period.
Some of key the players in the market are
- L’Oreal S.A.,
- Nu Skin Enterprises,
- Panasonic Corporation,
- Syneron Medical Ltd,
- Home Skinovations Ltd,
- TRIA Beauty Inc,
- Procter & Gamble Co,
- PhotoMedex Inc,
- Tria Beauty Inc.
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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.
LIST OF TABLES
Table 1 Beauty Devices Industry Synopsis, 2017-2023
Table 2 Global Beauty Devices Market Estimates and Forecast, 2017-2023, (USD Million)
Table 3 Global Beauty Devices Market by Region, 2017-2023, (USD Million)
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Table 4 Global Beauty Devices Market by Product Type, 2017-2023, (USD Million)
Table 5 Global Beauty Devices Market by Application, 2017-2023, (USD Million)
Table 6 Global Beauty Devices Market by End Users, 2017-2023, (USD Million)
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