Beauty Devices Market Size, Segmentation, Recent Trends, Strategies, Demand, Top Players
The demand within the Global “Beauty Devices Market Research Report- Global Forecast till 2023” has been rising due to the several approaches like technology advancements and heavy competition.
The beauty devices market has been proliferating rapidly mainly due to the ravishing outcomes that are provided by these devices in the professional as well as at home settings. Moreover, factors such as the huge technological advancements that are rapidly dropping the prices of these devices, making them extremely affordable are escalating the market on the global platform. Acknowledging the exponential upsurges, the market is climbing rapidly, Market Research Future (MRFR) in its recently published study report asserts that the global beauty devices market will witness significant growth, registering a CAGR of 7.8 % during the estimated period (2017 -2023).
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In addition to the rapid urbanization and better living standards led by the improving economic conditions, other factor impacting the market growth, equally, is the strong desire among consumers to look and feel young & beautiful. Moreover, the rising prevalence of skin diseases such as acne, melisma (photoaging of skin) and the disorders associated with excessive exposure to ultraviolet radiation and pollution such as wrinkles, are contributing to the high growth of the beauty devices market.
Additionally, the benefits obtained by the beauty devices are considered as one of the major driving forces. The growing reach of the media has allowed manufacturers to expand their range and minimize recall value by offering a product suiting to consumer’s budget, body, skin, complexion type, and the environment. Furthermore, the growing requirement for brand differentiation in an increasingly competitive environment is expected to foster market growth.
On the other hand, factors such as disadvantages or side effects such as discomfort, excessive swelling, and sensitive skin, bruising, and blistering, associated with the mishandling or wrong application of these devices, alongside some of the prevailing side effects occurring post-treatment are impeding the market growth. Besides, some devices belch intense pulsed light which can trigger the side effects, such as scarring, superficial burns, edema, and postoperative erythema may hinder with the growth of beauty devices market.
Global Beauty Devices Market - Segments
MRFR has segmented the
report into five key dynamics for an easy grasp.
By Technology: Transcutaneous Electrical Nerve Stimulation (TENS)
Technology, Wearable Devices, Lasers Invigorate, and others.
By Type: Hair Growth Devices, Acne Removal Devices, Rejuvenation
Devices, Skin Derma Rollers & Hair Removal Devices, Cleansing Devices,
Oxygen, Light/LED Therapy & Photo Rejuvenation Devices, Steamer Devices,
Cellulite Reduction Devices, and several others.
By Applications: Instrumental Cosmetics and Ultrasonic Infuser among
others.
By End-user: Personalized (At home) and Professionals (Spas,
Salons, Clinic, and others) among others.
By Regions: North America, Asia Pacific, Europe, and
Rest-of-the-World (RoW).
Global Beauty Devices Market Size - Regional Analysis
The North American region
accounts for the dominating market for beauty devices, globally. The largest
share of this market attributes to the factors such as the huge technological
advancements in beauty devices, rising aging population, and the increasing
PCOS patients. Moreover, factors such as the well-developed technology and the
increasing support from the government for research & development
activities in the region substantiate the growth of the beauty devices market
in North America. Owing to the increased R&D activities and the
presence of major companies the region is likely to retain its dominance over
the global beauty devices market throughout the forecast period.
Global Beauty Devices Market - Competitive Landscape
Highly competitive, the
beauty devices market appears to be fragmented owing to the presence of several
large and small-scale players. These players invest substantially in R&D to
develop advanced sensors. High potential growth opportunities that the market
demonstrates are in turn, attracting several new entrants to the market, further
intensifying the competition in the already fiercely competitive market.
Major Players:
Key players leading the
global beauty devices market are 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., among several others.
For More Details
https://www.marketresearchfuture.com/reports/beauty-devices-market-562
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