Global Beauty Devices Market Anticipated to Witness A Ravishing Growth By at 7.8% CAGR from 2017-2023; Asserts MRFR
Beauty Devices have come ridiculously close to making the youthful skin a reality. Just a few years ago, the beauty treatments were sinfully expensive and highly specialized. Consumers had to either visit a dermatologist, plastic surgeon, or an esthetician to get the appropriate procedures to correct or manage their beauty concerns.
While some conditions and desired results would still demand a trip to professional, technological advancements in beauty devices have been exploding, and there are now a variety of options to treat head to toe beauty related concerns. As a result, the beauty devices market is growing radically heading with a wide range of varieties enabled with varying technologies.
Global Beauty Devices Market – Competitive Analysis
The highly competitive, beauty devices market appears fragmented due to the presence of many well-established players having the global presence.
M&A activities, innovation, brand reinforcement, and collaboration remain the key trends for these players. Manufacturers are striving to develop high-performance beauty devices powered by the latest technology and clinical advances.
Leaders in the global beauty devices market include Nu Skin Enterprises, L’Oreal S.A., Panasonic Corporation, Home Skinovations Ltd, Syneron Medical Ltd, TRIA Beauty Inc, PhotoMedex Inc, Procter & Gamble Co, Home SKinovations Ltd, Photomedax Inc., Lumenis Ltd., Carol Cole Company, Koninklijke Philips N.V., and Tria Beauty Inc.
Global Beauty Devices Market – Segmentation
MRFR has segmented its analysis into five key dynamics for the convenience of understanding;
By Technologies: Comprises – Transcutaneous electrical nerve stimulation (TENS) technology, Wearable Devices, Lasers Invigorate and others.
By Types: Hair Growth Devices, Acne Removal Devices, Rejuvenation Devices, Skin Derma Rollers & Hair Removal Devices, Cleansing Devices, Oxygen, Steamer Devices, Light/LED Therapy & Photo Rejuvenation Devices, and Cellulite Reduction Devices among others.
By Applications: Instrumental Cosmetics, and Ultrasonic Infuser among others.
By End-User: Professional (Spas, Salons, Clinic and others), and Personalized (At home) among others.
By Regions: North America, APAC, Europe, and Rest-of-the-World.
Global Beauty Devices Market – Regional Analysis
The North American is the leading market for beauty devices, globally, holding the largest market share owing to the technological advancement in beauty devices. Owing to the factors such as the well-developed technology, increasing patient with PCOS, rising aging population, and growing government support for research & development, the region is expected to further continue with its dominance in the future. Furthermore, increased R&D activities and the presence of major companies are fostering the market growth in the region.
The European region stands at the second position in terms of the market size of beauty devices owing to the government support for R&D and availability of funds for research. Germany among other European countries, backed by its expertise in medical devices market will support the market growth in the region to grow at a much higher rate than the industry average.
The APAC region has emerged as a promising market for beauty devices owing to the presence of rapidly developing healthcare technology and improving economic conditions in the region. The devices market in the APAC region projects a high growth rate in the years to come owing to the plentiful new product launches. High returns are rewarded to the majority of at-home beauty device firms that had the foresight to enter Asian beauty devices market. India and China among other APAC countries are anticipated to grow rapidly, commanding significant market shares. The beauty and personal care market in Japan, China, and Korea are also growing owing to the rapid economic development in these countries.