A new market study, titled “Global Beauty Device Market by type (hair removal devices, cleansing devices, acne devices, light/LED therapy and photo rejuvenation devices, oxygen & steamer devices, hair growth devices, skin dermal rollers and cellulite reduction devices) by Application (salon, spa, at home and others) Size, Share, Development, Growth and Demand Forecast, 2018- 2024” has been featured on WiseGuyReports.
Global Beauty Device Market: Outlook
Global Beauty Device Market report provides analysis for the forecast period 2018–2024. The market study reveals that the market is projected to grow with a CAGR over 19.14% during the anticipated period in terms of value. The market is expected to reach over USD 106.314 billion by 2024. The given market growth is influenced by increasing inclination of consumers towards beauty devices which are easy to use at home, launch of innovative products and increasing utilization of electronic beauty devices. Moreover, consumer’s increasing dependency on electronic products will significantly drive the electronic beauty devices over the forecast period.
The market overview section of the report demonstrates market dynamics such as trends, drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global beauty device product.
Global Beauty Device Market: Scope of the Report
On the basis on the type of products, the global beauty device market is segmented into hair removal devices, cleansing devices, acne devices, light/LED therapy and photo rejuvenation devices, oxygen & steamer devices, hair growth devices, skin dermal rollers, cellulite reduction devices, and others. Based on application, the beauty devices market is segmented into salon, spa, at home and others. Finally, the report covers the analysis of these segments across based North America, Europe, Asia-Pacific and Rest of the World along with the qualitative analysis for market estimates that boosts the growth of the global beauty device market during the forecast period. Among different regions, the largest market is North America, while the fastest growing market for the Beauty Device is Asia-Pacific. The report also highlights the competitive landscape of the global beauty device market that includes the company overview, the products & offerings, strategic decisions taken by the company, launch of new products and financial highlights.
Global Beauty Device Market: Key Stakeholders
- Beauty devices manufacturing companies
- Suppliers and distributors of beauty devices
- Hospitals, surgical centres, cosmetic clinics, retailers and consumers
- Market research and consulting firms
- Government bodies and municipal corporations
Global Beauty Device Market: Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Beauty Device Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
- North America led the global beauty devices market, over a 51.9% contribution to the global market in 2017. The North American beauty devices market was valued over USD 16,225.3 million in 2017 and is expected to grow with a CAGR over 18.82% during the forecast period 2018-2024
- Based on type of product, Hair removal devices generated significant revenue in 2017 and it is expected to exhibit strong growth during the period 2018 – 2024
- Salon hold major share in the global beauty device application market in 2017 and it is expected to grow with a CAGR over 19.06 % during the projected period
- Based on application, SPA segment generated largest revenue in the global beauty Device market in 2017 and it is expected to exhibit the fastest growth during the period 2018 – 2024
- Among the different types of beauty devices, Light/LED therapy and photorejuvenation devices market is expected to witness the fastest growth, with a CAGR over 21.1% during the forecast period and is expected to reach over USD 16,784 million by 2024
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Global Beauty Device Market: Research Methodology
The research was conducted covering the desk research and primary research. Extensive secondary research was conducted using paid data sources, including Bloomberg, Factiva, OneSource, and Hoovers. Additionally, several publicly-available data sources were used, including American Geriatrics Society (AGS), Bureau of Labour Statistics (BEA), Centres for Disease Control and Prevention (CDC), Organization for Economic Co-operation and Development (OECD), United Nations Department of Economic and Social Affairs (UN-DESA), The World Bank, and various journals. These data sources were used to gather industry related information to develop an understanding of beauty devices. Data sources used for primary research included, but were not limited to, distributors, manufacturers, physicians, cosmetic surgeons, store managers, suppliers and various salon and spa owners. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Beauty Device Product Market: Research Summary
The global beauty device market is growing at a significant rate due to the increased utilization of electronic products for enhancing beauty and treating beauty related problems. Various beauty devices manufactured to meet the need of self-grooming population will accelerate the market growth over the forecast period. Beauty devices can help to treat skin diseases and minimizing the effect of ultraviolet radiation. However, prevailing traditional and cheap beauty products may impact market growth. United States was the largest country for global beauty device market, which holds significant market share in 2017 and is expected to continue being the largest market during the forecast period.
The demand for beauty device is expected to grow at a faster rate owing to shift in consumer preferences toward the need to improve appearance and confidence during the anticipated time frame. Asia Pacific is likely to witness significant growth in terms of revenue. Countries such as India, South Korea, China, Japan, Thailand, etc. will significantly contribute to the global beauty device market.
Global Beauty Device Product Market: Competitive Dynamics
The global beauty device product market is dominated by a number of players, amongst them the prominent players are Panasonic Corporation, Lumenis Ltd, Nu Skin Enterprises Inc, TRIA Beauty Inc, Home Skinovations Ltd, The Procter & Gamble Company, Koninklijke Philips N.V., YA-MAN LTD, MTG Co. Ltd, Carol Cole Company, L’Oreal SA, etc.
Table of Content
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. Market Size and Forecast by Type
Chapter 6. Market Size and Forecast by Application
Chapter 7. Global Beauty Devices Market, by Geography
Chapter 8. Competitive Analysis
Chapter 9. Company Profiles and Strategic Developments
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