Persistence Market Research has published a new report on the Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020. As per the report, the global beauty devices market is expected to progress rapidly from US$19.4 bn in 2014 to US$54.2 bn by 2020 at an 18.70% CAGR.
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In Asia, the market for beauty devices is expected to expand rapidly due to increasing disposable incomes, introduction of less expensive beauty products, and availability of branded products. Asia is expected to be the fastest growing regional segment of the global beauty devices market in the years to come. The Europe beauty devices market is propelled by the increasing aging population. Introduction of new skin care products, beauty devices, and spa solutions to treat skin and hair problems is expected to propel the Europe beauty devices market during the period from 2014 to 2020.
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Some beauty devices lead to reactions such as redness, swelling, and bruising. Growing awareness of the risks or side effects associated with skin care products and beauty devices is predicted to restrict the growth of the global beauty devices market in the coming few years. However, introduction of beauty products with natural ingredients is expected to propel the global beauty devices market during the forecast period. Based on usage area, the global beauty devices market is classified into at-home, spa, salon, and others. By type, the global beauty devices market is classified into hair removal devices, cleansing devices, acne devices, rejuvenation devices, light/LED therapy and photo rejuvenation devices, oxygen and steamer devices, hair growth devices, skin derma rollers, and cellulite reduction devices, and others. The current global beauty devices market is highly competitive, with new products being introduced by leading companies every year.
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