Market Research Future published a Half-Cooked Research Report on “Global Beauty Devices Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The global beauty devices market is growing with the rapid pace; mainly due to the increasing per capita income. According to a recent study report published by the Market Research Future, the global beauty devices market is booming and expected to gain prominence over the forecast period growing rapidly .The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
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Beauty devices are the products and services which help in improving appearance of a person. These devices have various benefits as they are convenient to use and portable. The beauty devices help in cleansing the skin, and are also treat the aging-related problems such as wrinkles, acne, scars, spots and hair loss. The beauty products include hair removal devices, hair growth devices, hair styling devices, light/led, cellulite reduction devices, acne removal devices photo rejuvenation therapy devices and others. With the increasing customer demands, beauty devices marketers are shaping up their products and sales accordingly and it is imperative for existing marketers and new entrants to focus more on new advanced technology in beauty devices. On considering recent scenario, it’s clear that people are giving preference to personalized beauty devices to smoothen their beauty routines. A number of factors such as, increasing occurrence of skin and hair related problems, launch of new technologically-advanced beauty devices, increasing geriatric population, and high healthcare expenditure are propelling the growth of global beauty devices market. Using electronic devices for beauty purpose is now not up to only makeover, major health issues, such as, hair fall, acne, psoriasis and various other dermatological problems can be resolved using these beauty devices. The key barriers hampering the growth of market are alternative low-priced beauty devices present in the market and the side-effects linked with the usage of these beauty devices.
Global Beauty Devices Market – Competitive Analysis
Over the past few years, the beauty devices market has been doubled because of increasing innovation and improved technology in beauty devices. During last decade there is a significant increase in the number of companies offering beauty devices, thus major companies are focusing on the acquisition and collaboration to minimize the competition in the market. Whereas, local companies are reducing the cost of their devices to gain the market.
L’Oreal S.A. (France), Nu Skin Enterprises (U.S.), Panasonic Corporation (Japan), Syneron Medical Ltd (U.S.), Home Skinovations Ltd (Canada), TRIA Beauty Inc (U.S.), Procter & Gamble Co (U.S.), PhotoMedex Inc (U.S.) are some of the prominent players at the forefront of competition in the Global Beauty Devices Market and are profiled in MRFR Analysis.
TRIA Beauty Inc. is a USA based company, founded in 2003. In recent years, TRIA Beauty has introduced multiple FDA-accepted devices in the market. Laser 4X, is one of the most popular FDA-accepted products of company
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Global Beauty Devices Market – Regional Analysis
The Americas dominate the global beauty devices market owing to the presence of huge patient with PCOS, rising genetic population, and increasing research & development support from government. With the increasing in product demands, beauty devices players are shaping up their products and sales accordingly and it is imperative for existing marketers and new entrants to focus more on new and advanced technology for beauty devices.
Europe holds the second largest share of the global beauty devices market as result of increasing prevalence of skin and hair related problems, increasing aging population, and rising awareness about beauty devices. Moreover, the growing public awareness about beauty devices likely to boost the European market.
Asia Pacific is the fastest growing beauty devices market across the globe, owing to increasing popularity of beauty devices treatments and rapid development in new technology. It’s clear that we are living in the gadget generation. In recent years, beauty related technologies such as, wrinkle eraser has made a leap from clinics or salons to homes. The study points show that the market in China and India are particularly growing fast due to increasing disposable incomes and high population size. The Middle East and Africa holds the least share of the global market due to presence of alternative low-priced beauty devices. Middle East holds the major share in the market whereas, Africa region is expecting a fastest growth for the market.
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