Press release
Asia Pacific Beauty Devices Market at 8.2% of CAGR Emerge with L’Oréal Group, Nu Skin Enterprises Inc, Panasonic Co, Tria Beauty Inc., Procter & Gamble and Other till 2023
Asia Pacific Beauty Devices Market - Key PlayersSome of the key player in the market are L’Oréal Group (France), Nu Skin Enterprises Inc, (US), Panasonic Corporation (Japan), Syneron Medical Ltd. (US), Home Skinovations Ltd. (Israel), TRIA Beauty Inc. (US), Procter & Gamble (US), and others.
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Asia Pacific Beauty Devices Market - Overview
Beauty devices are products that aid in enhancing physical appearance. Starting from skin issues to hair problems, these beauty devices promise to provide the same service as one would get from any aesthetic treatment. Widespread awareness about beauty devices and services, increasing prevalence of skin and hair problems along with rapid technological advancement are the driving factors of the market.
Rising geriatric population is associated with various age related problems such as age spots, wrinkles, acne and hair loss. Thus, these factors also fuelling growth of the beauty devices market. However, side effects associated with beauty devices and presence of alternative cheap products may hinder the growth to an extent. As per recent study, it is found that Asian skin is more vulnerable to acne outbreaks, compared to other skin types. Specifically it’s found that East Asian people have the lowest skin barrier strength. By taking this aspect into consideration, it is estimated that Asia Pacific beauty devices market is expected to grow at a CAGR 8.2% during the forecast period of 2017-2023.
Asia Pacific Beauty Devices Market - Segmentation
The Asia Pacific beauty devices market is classified on the basis of product type, application, and end user.
Based on product type, market is segregated into hair care, skin care, oral care, and others. Sub-segmentation of hair care product includes hair removal devices, hair styling devices, hair growth devices, and others. Skin care is further segmented into light/LED and photorejuvenation therapy devices, acne removal devices, cellulite reduction devices, and others.
On the basis of application type, market is classified into domestic purpose, commercial purpose, and others.
On the basis of end user, market is segmented into professional and personalized.
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Asia Pacific Beauty Devices Market - Regional Analysis
Geographically, Asia Pacific’s beauty devices market is classified into China, Japan, India, and rest of Asia Pacific. Owing to the rise in skin related problems and increasing geriatric population, China accounts for the largest market share in the Asia Pacific region. The economic and social changes in beauty devices market are most prominent in countries such as, China, Japan, India and Korea in this region. The study points out that the beauty devices market in China and India are particularly growing fast due to increasing disposable incomes and high population size.
Although Korea is considered as the hub of innovations; in the beauty devices market China and Japan has taken the lead.
Table of Content
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
Continued….
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