Beauty Devices promise to offer the same service as one can receive from aesthetic treatment. Existing companies are focusing on advanced technology and unique approaches to create competition with the new entrants. With developing technology in every aspect of life, beauty devices have attracted a huge amount of consumers to adopt these technologically advanced products.
Global Beauty Device Market is one of the flourishing markets across the world. The global beauty devices market is expected to showcase a CAGR of 7.8 % as per a new report by Market Research Future (MRFR).
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Beauty Devices Market – Dominant Players
Some of key the players in the market are
- L’Oreal S.A.
- Nu Skin Enterprises
- Panasonic Corporation
- Syneron Medical Ltd
- Home Skinovations Ltd
- TRIA Beauty Inc.
- Procter & Gamble Co.
- PhotoMedex Inc.
- Tria Beauty Inc.
January 07, 2019
La Roche-Posay (US), a leading global wellness brand providing dermatologist Tested Skin Care products introduces the world’s first wearable sensor – ‘My Skin Track pH’ at the Consumer Electronics Show in Las Vegas.
This sensor comes along with a companion app to easily measure personal skin pH levels and create customized product regimens to better care for skin. This innovative sensor uses microfluidic technology and measures skin pH levels accurately. A key indicator of skin health this revolutionary innovation is still at the prototype stage.
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Beauty Devices Market – Drivers and Restraints
With the rising population, beauty devices and services, high disposable income, increasing prevalence of hair and skin problems and increasing hormonal disorders, and extensive technological advancement, the global market for beauty devices is sure to expand. Aging population another major factor leading to the growth of this market. Old age is directly proportional to reduced vascular and glandular network in the skin layers, loss of fibrous tissues, sagging of skin, wrinkles, dryness, and pigmentation of the skin. Anti-aging devices and products tighten and revitalize the skin and make one look younger. Adoption of such technologies by the consumers is elevating the market growth. Also, the increasing hair and skin problems caused due to excess pollution and UV radiations are sure to boost up the market growth in years to come.
Meanwhile, side effects such as postoperative erythema, edema scarring, ecchymosis, and superficial burns are hindering the growth of beauty devices market. Moreover, risks related to photo rejuvenation devices comprises excessive swelling, blistering acts bruising, discomfort and fragile skin are the major restraints of the market globally.
Beauty Devices Market – Segmentation
MRFR report segments the Global Beauty Devices Market by type, application, and end-user for a better analysis of the upcoming market.
Based on the type, the beauty devices market can be segmented into hair care, skin care, oral care, and others. Furthermore, hair care segmented into hair removal devices, hair growth devices, hair styling devices, and others and skin care segmented into light/led and photo rejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others.
Application-wise, the beauty devices market can be segmented into commercial purpose and others. Furthermore, the commercial purpose can be segmented into hospitals/clinics, salon/spas, and others.
On the basis of end-user, the beauty devices market can be segmented into professional and personalized.
Beauty Devices Market – Regional Analysis
Regionally, the market for beauty devices can be segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. Asia-Pacific is expected to show the fastest growth during the forecast period.
America dominates the global market due to increasing patients with PCOS, advanced technology, increasing support from the government for R&D and rise in the aging population. Moreover, the concentration of major companies has fueled the growth in this region.
Owing to the availability of funds and government support for R&D, Europe stands in the second position and is expected to grow over the forecasted period. Asia-Pacific is the fastest growing region in Beauty Devices Market due to the presence of advanced healthcare technology, high healthcare cost, and huge patient population. China is leading the largest market share because of rising aging population and stupendous economic growth.
Meanwhile, regions like Africa and Middle East is expected to experience a luxurious growth in years to come.
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