COVID-19 Impact on Beauty Devices Market Research | Trends | Growth

Beauty Devices market is expected to reach USD 1,74,420.5 million by the end of 2026.

Bizlytik analysts forecast the global Beauty Devices market to grow at a CAGR of 19.6% during the forecast period, according to their latest market research report.

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Beauty devices are a set of products that are primarily used to enhance the appearance and attributes of female consumers and are also becoming increasingly popular among men. The increasing urge among consumers to purchase beauty devices have been paralleled with the continued technological advancement of the products, thereby improving opportunities for product sales.

The rise in the global old-age population, increasing prevalence of skin diseases due to the harmful effects of ultraviolet radiation, and increasing disposable income are the influential primary factors propelling the market growth during the forecast period. Acne, psoriasis, and atopic dermatitis are some common skin diseases that are reported worldwide. Beauty devices are being increasingly used to prevent the occurrence of such skin-diseases. The improvement in consumer spending power enables consumers to pay for costly and high-priced products. The aging population is also increasingly looking for products to maintain and improve their appearance to look youthful and beautiful. Such factors would prove instrumental in enhancing the prospects of market growth in the coming years.

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Cellulite Reduction Devices, Dermal Rollers, Hair Removal Devices, Cleansing Devices, Hair Growth Devices, Rejuvenation Devices, Light/LED Therapy & Photorejuvenation Devices, Acne Devices, Oxygen & Steamer Devices, and Other Devices are covered in the Type segment of the market scope. In contrast, the application segment is categorized into Salon & Spa, At Home, and Others. The report covers the overall value of the market, both in terms of Type and Application.

The value of Hair Growth Devices by Type is expected to reach USD 16,902.6 million by 2026; growing at a CAGR of 20.9% during 2020-2026. The high prevalence of premature hair loss among men and rising consumer interest in the adoption of preventive measures for the elimination of hair fall problems would be instrumental in boosting the segment growth during the forecast period.

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North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

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North America is a lucrative market for crucial manufacturers and vendors owing to the presence of a large consumer base in demand-rich countries such as the United States and Canada, along with the heightened awareness among the general population towards skincare initiatives.

The Beauty Devices Market is highly fragmented, with the presence of various multinational brands vying for a competitive edge with several local vendors offering products at cost-effective prices. New product launches and technological up-gradation of the existing product portfolio are the primary business strategies of top players.

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This release was published on openPR.