The global beauty devices market was valued at USD 39.1 billion in 2018 and is expected to reach USD 107.2 billion by 2024. The factors contributing to the growth of the market include the rise in the prevalence of skin disorders, increasing rate of hormonal imbalance cases, an increase in the geriatric population, and growing awareness for beauty devices. The launch of at-home LED therapy devices is the latest trend observed in the market.
Download Free Report Sample At: https://www.vynzresearch.com/healthcare/beauty-devices-market/request-sample
Hair loss condition is one the common skin condition that is associated to ageing population and hormonal imbalance. According to the American Hair Loss Association, Androgenetic Alopecia or common male pattern baldness (MPB) accounts for more than 95% of hair loss in men. Additionally, common causes for female baldness include ageing, hormonal imbalance leading to PCOS, medication and other illnesses. There has been growing awareness towards beauty devices in both the developed and developing economies that will drive the growth of the overall global beauty devices during the analysis period.
Salon and spas are the largest end-user category for beauty devices globally due to the increasing awareness among consumers and also increasing disposable income. The fastest growth in demand for beauty devices is witnessed for at home devices. The industry players are focused on the development of products that serves its consumers at the convenience of their home, without compromising the product’s efficacy.
North America accounted for the major share in the beauty devices market in 2018 as the players in the region are continuously developing technologically advanced products with high quality. Moreover, the purchasing power of the North American people is significantly higher as compared to other regions across the globe; therefore market players manufacture premium products for the demographic.
The Asia-Pacific beauty devices market is driven by the rising number of local players in the regional market, the large consumer base, and the increase in number of salon and spas. The demand for beauty devices in countries such as China, India, and Korea is high, due to the large consumer base. This also provides an opportunity for market players to expand their global presence and invest in these countries to increase their overall market share.
Key players in the beauty devices market are investing in the development of at home and handheld devices, which is strengthening their position in the market. Also, the local players in Asia-Pacific are investing on the development of compact, cost-effective, and technologically advanced beauty devices for at home use.
Panasonic Corporation, L’Oreal SA, Photomedax Inc., Home Skinovations Ltd, The Proctor & Gamble Company, Koninklijke Philips N.V., Carol Cole Company, Lumenis Ltd., Syneron Medical, and TRIA Beauty, Inc are some of the key players operating in the beauty devices industry.
Global Beauty Devices Market Coverage
Type Insight and Forecast 2014-2024
Cleansing Devices
Hair Removal Devices
Skin Dermal Rollers
Acne Devices
Light/LED Therapy and Photo Rejuvenation Devices
Oxygen and Steamer Devices
Hair Growth Devices
Cellulite Reduction Devices
Others
End-User Insight and Forecast 2014-2024
Beauty Clinics
Spas and Salons
at Home
Others
Geographical Segmentation
Beauty Devices Market by Region
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Russia
Poland
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
New Zealand
Singapore
Vietnam
Malaysia
Thailand
Rest of Asia-Pacific
Rest of the World (RoW)
Brazil
Saudi Arabia
U.A.E
South Africa
Other Countries
Contact
Manager: Client Care
Toll-Free: 18882533960
Email: kundan@vynzresearch.com
Website: www.vynzresearch.com
No comments:
Post a Comment