Beauty Devices Market at 7.8% of CAGR Makes It Booming Industry in Revenues By 2023

Global Beauty Device Market is one of the flourishing markets across the world. The Global Beauty Devices Market is expected to showcase a CAGR of 7.8 % as per a new report by Market Research Future (MRFR).

Pune, Maharashtra - December 11, 2018 /MarketersMedia/ —

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.

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.

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 spell more competition in the near future that can slow down the market growth due to cut-throat competition regarding low prices.

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Beauty Devices Market - Key Players

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.

Beauty Devices Market - Developments

Capillus, LLC, a medical device manufacturer in Miami, in January 2015, had launched Capillus272 that promotes hair re-growth in people suffering from androgenic alopecia.

In April 2017, L’Oréal SA had launched a skin device which was based on mechanobiology techniques. This technique is a massage device with anti-aging effects that help in contouring lips, face and neck. This device can improve signs of technology by improving skin tissues.

Beauty Devices Market - Segmentation

The Global Market for Beauty Devices can be segmented on the basis of application, type, geography and end users. Based on the type of device, the market can be segmented into dermal rollers, hair removal, cellulite reduction, light/led therapy, oxygen and steamer, cleansing, hair growth, acne, photorejuvenation and others. Photorejuvenation devices along with light and LED therapy is expected to grow at the fastest rate during the forecast period 2017-2023.

The market can be segmented as per the usage such as spa, salon, at-home and others. Among these, salons are noted to hold the highest market value.

On the basis of end user, the market can be segmented into personalized and professional.

The market can be segmented on the basis of geography into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa, where Asia-Pacific is recorded to be the fastest growing market in beauty devices.

Beauty Devices Market - Regional Analysis

Regionally, the market for beauty devices can be segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Asia-Pacific is expected to show the fastest growth during the forecast period.

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America dominates the global market due to increasing patients with PCOS, advanced technology, increasing support from the government for R&D and rise in the aging population. Moreover, the concentration of major companies has fueled the growth in this region.

Owing to the availability of funds and government support for R&D, Europe stands in the second position and is expected to grow over the forecasted period. Asia-Pacific is the fastest growing region in this market due to the presence of advanced healthcare technology, high healthcare cost, and huge patient population. China is leading the largest market share because of rising aging population and stupendous economic growth.

Meanwhile, regions like Africa and Middle East is expected to experience a luxurious growth in years to come.

Major Table of Content

Chapter 1. Report Prologue

Chapter 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

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

Continued….

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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