Press release
Beauty Devices Market Predicted to Grow at a CAGR of 11.4% from 2023 to 2033
Beauty Devices Market
In order to cure various skin conditions, such as acne, pigmentation, and hair removal, beauty devices are employed. Treatment for skin-related problems like wrinkles and acne Likewise, they eliminate scars brought on by injuries. They are also used to address problems with the hair, including hair loss and ageing.
However, there are various risks and complications associated with cosmetic devices that can cause bruising, swelling and redness. Also, the expanded availability of easy-to-use beauty products hinders the market growth.
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In North America, the use of beauty devices in the market is increasing as the aging population increases and the availability of advanced devices increases. There are also approximately 750,000 beauty salons and spas in America. These beauty salons and spas have driven demand for beauty equipment and personal care products to better serve their customers.
In Europe, the beauty equipment market is driven by an increasing aging population. Moreover, in Spain, the market is evolving as awareness of the potential healing applications of beauty devices to treat skin and hair problems increases.
However, in Asia, the growth of beauty equipment is much higher than in developed countries due to rising disposable income, availability of multinational brands and introduction of cheap beauty equipment.
L'Oréal Group, Nu Skin Enterprises, Inc., Home Skinovations, Ltd., PhotoMedex, Inc., TRIA Beauty, Inc., Syneron Medical, Ltd., Koninklijke Philips NV, Panasonic Corporation, Carol Cole Company, Procter & GambleBeauty Some of the major players in the equipment market.
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Key Market Dynamics
One of the major factors in the global market for beauty devices is the aging of the population as the elderly are associated with loss of fibrous tissue and reduced lines and vascular networks in the skin layers. In older people, the skin characteristics and appearance change, causing dryness, sagging skin, wrinkles, and pigmentation changes.
In addition, anti-aging products and devices help to tighten, revitalize, look younger, and reduce skin aging, further boosting the market demand for beauty equipment.
However, there are certain side effects associated with using beauty equipment. Scarring, post-operative erythema, semi-wound bleeding, superficial burns, and edema hinder the market growth of cosmetic devices. In addition, certain risks associated with photo rejuvenation such as discomfort, bruising, excessive swelling, soft skin, and blisters act as important constraints for the global beauty devices market growth.
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Key Segments of Beauty Devices Market Industry Research
By Usage Area:
Spas at home
Salons
Others
By Type:
Hair Growth Devices
Acne Removal Devices
Rejuvenation Devices
Skin Derma Rollers
Hair Removal Devices
Cleansing Devices
Light/Led Therapy And Photo Rejuvenation Devices
Cellulite Reduction Devices
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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