Global Beauty Devices Market report published by Accurize Market Research forecast that the global market is expected to reach $115 billion by 2025; growing at a CAGR of 18.3% from 2017 to 2025. By geography, the Asia Pacific and Europe are expected to grow at a CAGR of 20.6% and 19.4%, respectively, during the forecast period.
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Increased disposable income and awareness among people to drive the market
Major reasons pushing the growth of the beauty devices market are the increase in disposable income, rising population, and the awareness through various advertisements & promotions, increasing prevalence of skin related diseases, and increasing appearance consciousness among consumers. Despite the increase, the high cost of beauty devices and the possibility of side effects would hamper the adoption. Although increasing the popularity of eco-friendly, personalized, and at-home beauty devices could provide several scopes for future growth in the coming years.
Market Segmentation
The global beauty device is segmented based on device type, usage area, and geography. The device type segment of the beauty device market is segregated into cellulite reduction devices, skin dermal rollers, hair removal devices, hair growth devices, cleansing devices, rejuvenation devices, light/LED therapy & acne devices, oxygen & steamer devices, and others. The usage area segment is further categorized into the salon, spa, at home, and others. Geographically, the beauty device market has been bifurcated into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
“Salon accounted for the largest market share in the usage area segment", says Accurize
Salon held the largest market share in 2017, while at home is expected to attain the fastest CAGR during the forecast period, 2017 – 2025. While in the device type segment, hair removal devices and cleaning devices accounted for the major segment share in 2017.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
North America and Asia-Pacific held a majority of market share with 52% and 22%, respectively in 2017. In terms of growth, Asia-Pacific is anticipated to grow with the fastest CAGR of 20.6%, due to, high population base, growing disposable income, and market expansion by major companies.
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Top players in the market
Major companies operating in the market are Panasonic Corporation, Koninklijke Philips N.V., Syneron Medical Ltd., Nu Skin Enterprises, Home SKinovations Ltd., Carol Cole Company., Procter & Gamble, L’Oreal S.A., Lumenis Ltd., and TRIA Beauty, Inc., among others.
The global Beauty Devices Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the beauty devices market include Panasonic Corporation, Lumenis Ltd., Nu Skin Enterprises Inc., TRIA Beauty Inc., Home Skinovations Ltd., Carol Cole Company Inc., L’Oréal SA, Candela Corporation, YA-Man LTD., MTG Co. Ltd., Koninklijke Philips N.V., LightStim, Spectrum Brands Holdings Inc., Conair Corporation, Amorepacific Corporation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Beauty Devices Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/beauty-devices-market/download-sampleMarket DynamicsThe global beauty devices market has grown massively in the last five years and will continue to perform well in the coming years with favoring trends.
Men and women now more often buy their personal beauty devices to avoid a number of visits to spas and salons.
Rising e-commerce of these products and the availability of combo packs at low cost are fuelling the market growth.
The market is mainly driven by the rising incidence of skin diseases, surging disposable income, escalating geriatric population, increasing appearance consciousness and awareness about beauty devices, and growing prevalence of hormonal disorders, according to P Market Research.In terms of usage, the beauty devices market has been categorized into salon, spa, at-home, and others.
During the forecast period, the market is expected to witness the highest growth in the at-home category, with a CAGR of 20.2%.
The easy availability of these beauty devices across the globe and less expertise required for their use leads to their increased adoption is attributing to its growing popularity globally.Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/beauty-devices-market/report-sampleDuring the forecast period, the European beauty devices industry is expected to outpace the North American beauty devices industry, in terms of growth, on account of increasing healthcare spending, growing aging population, increasing prevalence of skin diseases, and technological advancements in beauty devices.Pre-Purchase Enquiry: https://www.psmarketresearch.com/send-enquiry?enquiry-url=beauty-devices-market Lumenis Ltd. offers a diverse range of devices for aesthetic treatments, which include ablative-skin-resurfacing, acne-scars-treatment, blepharoplasty, laser hair removal, pigmentation, rosacea, scar revision, skin-toning, tattoo removal, vascular leg vein, non-ablative skin resurfacing, and photorejuvenation.
Some of its products are LightSheer DESIRE, a new generation of laser hair reduction system, ResurFX, LightSheer INFINITY, M22, and LightSheer Duet.Some of the other key players operating in the beauty devices market are Panasonic Corporation, Lumenis Ltd, Home Skinovations Ltd, the Procter & Gamble Company, Syneron Medical Ltd, iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company.
