Global Beauty Devices Market Is Boosted By High Commonness Of Skin Related Diseases

Global Beauty Devices Market Report, published by Variant Market Research, forecast that the global market was valued at $29 Billion in 2016 and expected to reach $113 Billion by 2024, growing at a CAGR of 18.3% from 2016 to 2024. In geographical segments, Asia-Pacific and Europe are expected to grow at a CAGR of 20.6% and 19.4%, respectively, over the forecast period 2016 – 2024.

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The global beauty devices market is majorly driven by rising geriatric population, increasing knowledge through various advertisements & promotions, high commonness of skin related diseases. However, high price of beauty devices and chances of side effects may hinder the growth of the market. Additionally, growing popularity of eco-friendly, personalized, and at-home beauty devices would provide growth opportunities for market in the future years.

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The beauty devices market has been bifurcated into usage area, device type, and geography. Device type segment contains skin dermal rollers, cellulite reduction devices, hair removal devices, hair growth devices, cleansing devices, rejuvenation devices, acne devices, oxygen & steamer devices, light/LED therapy & photo rejuvenation devices, and others. Usage area segment includes spa, salon, at home, and others. Among device type, hair removal devices and cleaning devices accounted for the largest segment share in 2016. Salon accounted for the maximum market share in 2016, while at home is anticipated to attain fastest CAGR during the forecast period, 2016 – 2024.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. North America and Asia-Pacific accounted for the majority of market share with 52.1% and 22.3%, respectively in 2016. In terms of growth Asia-Pacific is expected to grow with the fastest CAGR 20.6%, driven by, rising disposable income, high population base, and market expansion by major companies.

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The major key players operating in this market contain Koninklijke Philips N.V., Panasonic Corporation, Syneron Medical Ltd., Home SKinovations Ltd., Nu Skin Enterprises, Carol Cole Company., L’Oreal S.A., TRIA Beauty, Inc., Procter & Gamble, and Lumenis Ltd., among others.

Scope of the Global Beauty Devices Market
Device Type Segments
• Cellulite Reduction Devices
• Skin Dermal Rollers
• Hair Removal Devices
• Cleansing Devices
• Hair Growth Devices
• Rejuvenation Devices
• Light/LED Therapy & Photorejuvenation Devices
• Acne Devices
• Oxygen & Steamer Devices
• Other Devices

Usage Area Segments
• Salon
• Spa
• At Home
• Other Usage Areas

Geography Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia-Pacific
o China
o Japan
o India
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com

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This release was published on openPR.