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Beauty Devices Market Expected to Reach USD 90.0 billion by 2024, at a CAGR of 19.2%


 “Global Beauty Devices Market Outlook 2024: Global Opportunity And Demand Analysis, Market Forecast, 2018-2024” presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.

Top Leading Companies are Panasonic Corporation (Synopsis, Business Strategy, Product Portfolio, SWOT Analysis), Procter & Gamble, L’Oréal Group, Tria Beauty Inc, Koninklijke Philips N.V., Carol Cole Company, Home Skinovations Ltd., Lumenis Ltd., Syneron Medical.

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Essential points covered in Global Beauty Devices Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the Global Beauty Devices market?
  • What are the key market trends impacting the growth of the Global Beauty Devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Global Beauty Devices market?
  • What are the market opportunities and threats faced by the vendors in the Global Beauty Devices market?
  • What are the key outcomes of the five forces analysis of the Global Beauty Devices market?

This independent 280 pages report guarantees you will remain better informed than your competition. With over 170 tables and figures examining the Beauty Devices market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2024.

Market Overview:

The use of devices for enhancing beauty and improving physical experience has been on the rise lately, owing to several factors such as global rise in aging population, especially in Asia, rising consumerism and consciousness among people to look attractive. A wide variety of beauty devices are currently available in the global market. The convenience these devices provide in terms of easy handling boost their popularity among the consumers. Rising incidences of infections and skin and hair related problems further bolster the beauty device market growth.
Beauty devices are being used by both commercial beauty establishments like salons and spas, as well as at home. The increased need of the old to look young, and of the young to look attractive, fuelled by the rise in personal disposable incomes further gives a major boost to global beauty devices market. Advancement in beauty devices offers compactness and low cost availability of products which are fostering the demand for beauty devices for various applications.

Market Segmentation:

  • On the basis of Product Type
    o Skin Care
    Cleansing Devices
    Light/LED and Photorejuvenation Therapy Devices
    Skin Derma Rollers
    Cellulite Reduction Devices
    Other Skincare Devices
    o Hair Care
    Hair Removal Devices
    Hair Styling Devices
    o Oral Healthcare Devices
  • On the basis of Application
    o Commercial (Salons and Spas)
    o Domestic/ At Home
    o Hospitals/ Clinics
  • On the basis of End User
    o Men
    o Women

Geographically, this report is segmented into several key Regions, with Sales, revenue, Market Share (%) and Growth Rate (%) of Beauty Devices in these regions 2016 to 2024 (forecast), covering North America , Latin America , Europe , Asia-Pacific , Middle East and Africa (MEA) , Rest of World.

Market Size and Forecast:

The market of beauty devices is expected to reach USD 90.0 billion by 2024, growing at a CAGR of 19.2% over the forecast period. Hair removal devices account for about 30% of the revenue from all types of devices being used, while Light/LED and photo rejuvenation therapy devices are expected to showcase the highest CAGR in upcoming years.  Usage at salons commands the majority of demand for these devices; on the other hand, demand for home use is expected to spurt at a faster pace in the coming years.
North America region dominates the global beauty devices market for beauty devices in terms of sales and revenue, while Asia-Pacific, with special emphasis on India and China, is set to witness the highest growth rates during the forecast period i.e. 2016-2024. This can be attributed to the highest predicted percentage of elderly population in Asia-Pacific region, compared to the rest of the world. Moreover, the rapid economic development along with large consumer base is expected to drive the growth of beauty device industry.

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Market Trends:

The ever changing market trends for beauty device market are as follows:
More and more people are inclining towards using beauty devices at home rather than visiting a salon or spa. Easy to use, value for money and faster results are the qualities customers look for when purchasing and using these devices. The usage of apps for booking treatments and getting advice is gaining momentum, though it’s relatively new right now. Using these to monitor real time skin exposure and damage data to customize products for consumers can give the player an edge over competitors, by increasing efficiency of treatment and increasing favorability among customers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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