Market Research Future (MRFR) postulates that the Global Beauty Devices Market is slated to register a CAGR of 7.8% during the forecast period (2017-2023). Increasing hormonal disorders among the global population is highly favouring the market growth. Beauty devices are referred to as products which help to enhance one’s physical appearance related to skin and hair. Such beauty devices promise to offer the exact services one can achieve from any aesthetic treatment.
Global Beauty Devices Market – Competitive Dashboard
The prominent players operating the global beauty devices market comprises Nu Skin Enterprises, L’Oreal S.A., Syneron Medical Ltd, Panasonic Corporation, TRIA Beauty Inc, Home Skinovations Ltd, PhotoMedex Inc, Procter & Gamble Co, and Tria Beauty Inc.
Industry Updates
Mar 28, 2019: Nu Skin has recently launched the ageLOC LumiSpa IdealEyes and ageLO® LumiSpa Accent, which is a latest targeted treatment and has been clinically proven to enhance the appearance of skin around the eyes.
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Global Beauty Devices Market – Segmental Analysis
The Global Beauty Devices Market has been segmented on the basis of application, technology, type, and end-user.
By mode of type, the global beauty devices market has been segmented into acne removal devices, hair growth devices, skin derma rollers & hair removal devices, rejuvenation devices, oxygen, cleansing devices, steamer devices, light/LED therapy & photo rejuvenation devices, cellulite reduction devices, and others. Among these, light/LED therapy & photo rejuvenation devices are likely to gain prominence during the appraisal period due to the advanced features provided by these devices for treating blemishes, wrinkles, and sagged skin.
By mode of application, the global beauty devices market has been segmented into ultrasonic infuser and instrumental cosmetics.
By mode of technology, the global beauty devices market has been segmented into wearable devices, transcutaneous electrical nerve stimulation (TENS) technology, lasers invigorate, and others.
By mode end-users, the global beauty devices market has been segmented into personalized and professionals. Among these, the professional’s segment is likely to gain significant prominence as they have experience and knowledge regarding such devices.
Global Beauty Devices Market – Regional Insights
Geographically, the beauty devices market span across regions namely, Europe, Asia Pacific, America, and the Middle East & Africa.
Considering the global scenario, the beauty devices market is dominated by the American region due to a well-developed technological base, growing geriatric population, increased patients suffering from PCOS, and rising support from the government for R&D activities in this region.
The European region is considered to occupy the second spot in the global market and is likely to retain its growth. The growth is credited to the increased government support for R&D activities coupled with the high availability of funds for research. For instance, economies like France and Germany are constantly increasing investments in the healthcare sector which is likely to influence the market growth.
The Asia Pacific region is estimated to expand at the fastest rate due to the presence of rapidly developing healthcare technology, surging expenditure on healthcare, and presence of huge patient population in this region. With the surging demand for beauty devices and new treatment methods especially in economies like China and India are likely to foster the market growth in this region. China is predicted to command the largest market share due to growing aging population and immense economic development.
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