Beauty Devices Market Key Developments Trends, Analysis by Home Skinovations Ltd, L'Oreal S.A., Nu Skin Enterprises, Panasonic Corporation, PhotoMedex Inc, Procter & Gamble Co, Syneron Medical Ltd, Tria Beauty Inc.

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.

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 spells 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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The global beauty devices market has been segmented on the basis of application, end user, type and lastly, region. The application-based segmentation of this market covers the commercial purpose and others. Furthermore, commercial purpose segmented into hospitals/clinics, salon/spas, and others. Based on end users, the market has been segmented into professional and personalized.

Beauty Devices Market Segmentation:

The global beauty devices market is segmented on the basis of type, application, and end user.

On the basis of type, it is segmented into hair care, skin care, oral care, and others. Furthermore hair care segmented into hair removal devices, hair growth devices, hair styling devices, and others and skin care segmented into light/led and photo rejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others.

On the basis of application, it is segmented into commercial purpose and others. Furthermore commercial purpose segmented into salon/spas, hospitals/clinics, and others

On the basis of end user, it is segmented into professional and personalized. 

Key Players

The key players in the global beauty devices market include Home Skinovations Ltd (Israel), L'Oreal S.A. (France), Nu Skin Enterprises (USA), Panasonic Corporation (Japan), PhotoMedex Inc (USA), Procter & Gamble Co (USA), Syneron Medical Ltd (USA), and Tria Beauty Inc. (USA).

Regional Analysis

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.

On the other hand, the Middle East and Africa is expecting a luxurious growth in coming years. On the basis of consumer awareness, the usage of beauty devices is dominant across all age groups.

Table Of Content

1. Report Prologue

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

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

        TOC Continued….!

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