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Facial Beauty Devices Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Hitachi Ltd., Procter and Gamble, Panasonic Corporation , L'Oréal S.A
Facial Beauty Devices Global Market Report 2024
As per the report, the facial beauty devices market size has grown rapidly in recent years. It will grow from $15.80 billion in 2023 to $18.81 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The facial beauty devices market size is expected to see rapid growth in the next few years. It will grow to $35.32 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%.
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Rising Incidence Of Skin Problems Fuels Growth In The Facial Beauty Device Market
The increase in skin problems is expected to propel the growth of the facial beauty device market going forward. Skin problems refer to illnesses that affect the skin's surface and can cause various symptoms, such as rashes, acne, burning, itching, and changes in pigmentation. With increasing awareness about skin problems and the desire for personalized skincare routines, the demand for facial beauty devices is rising. Facial beauty devices offer a range of benefits for various skin concerns, helping to improve the overall health and appearance of the skin when used correctly and consistently. For instance, according to Cancer Australia, an Australia-based cancer control agency, Australia recorded 18,257 new skin melanoma cases in 2023, an increase from 15,628 cases in the previous two years. Therefore, the growing incidence of skin problems drives the facial beauty device market.
AMIRO Leads The Way With Innovative Optoelectronic Technology In Facial Beauty Devices
Major companies operating in the facial beauty device market are focusing on innovative smart technologies such as optoelectronic technology to gain a competitive edge in the market. Optoelectronic technology refers to developing and manufacturing hardware to transform electrical energy into light and the real-life use of photovoltaic or light-emitting devices. For instance, in September 2023, AMIRO, a China-based beauty and skincare technology company, launched the skin-tightening AMIRO S2 SEAL gadget and the LED light facial beauty device AMIRO LumoMax. The AMIRO LumoMax is an easy-to-use LED light face beauty device that provides post-cosmetic surgery treatment with five daily methods: whitening, calming, acne elimination, sleep, and privacy. The AMIRO S2 is an updated version of AMIRO's initial stamping beauty gadget. AMIRO S2 provides accurate anti-aging treatment using a four-color zoning mask, eliminating the need to change devices or settings. These two products showcase AMIRO's dedication to precision skincare and its innovative use of precision science and deep optoelectronic integration in the skincare industry.
The facial beauty devices market covered in this report is segmented -
1) By Type: Cleansing Devices, Oxygen And Steamer, Dermal Rollers, Acne Removal Devices, Hair Removal Devices, Other Types
2) By Mode Of Operation: Electric, Battery Operated, Manual, Devices, Other Modes Of Operations
3) By Application: Beauty Salon, Household, Other Applications
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Major companies operating in the facial beauty devices market are Hitachi Ltd., Procter and Gamble, Panasonic Corporation , L'Oréal S.A., Philips N.V., NuFace, MTG Co. Ltd., Clinique Clinique Laboratories, Nu Skin Enterprises, Conair Corporation, Remington, Lumenis, Face Gym, SSENSE, Ya Man ltd., Clarisonic Inc., LYMA, TRIA Beauty Inc., Quasar MD, Habalan Med Beauty Co. Ltd., Newa, Ziip Beauty
Contents of the report:
1. Executive Summary
2. Facial Beauty Devices Market Report Structure
3. Facial Beauty Devices Market Trends And Strategies
4. Facial Beauty Devices Market - Macro Economic Scenario
5. Facial Beauty Devices Market Size And Growth
…..
27. Facial Beauty Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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