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Global Beauty Devices Market 2016-2024: Size, Share, Demand, Insights, Trends and Competitors Analysis

(March 17, 2018)

Home-use beauty devices emerged as the fastest growing segment in global beauty devices market

Global beauty devices market is expected to expand at a compound annual growth rate (CAGR) of 19.2% over the forecast period i.e. 2016-2024.

Market Landscape

Global beauty devices market is continuously growing form past few years at a significant pace owing to extensive demand by young consumers to enhance the beauty and to improve physical appearance, especially in Asia Pacific region. The global beauty devices industry expends billions of dollars every year on promotion campaigns to endorse new and existing products. While the overall skincare beauty devices market continues to attain solid growth, higher-priced luxury products and brands are making the major gains. Beauty devices for professionals and clinical use has also witnessed significant in past few years. Beauty devises proposition appeals to a broad demographic from acne treatments for the age group of the 20s, to skin blemish treatments for 30-40 age groups, to anti-aging treatments for 50-somethings. According to Goldstein Research, “emerging markets,” including most of the Asia-Pacific countries, the Middle East & Africa, Latin America, and Eastern Europe, contributed approximately 80% of total growth in the global beauty market in 2016. These regions provide huge potential for the beauty devices market growth.

On the back of advancement in beauty devices, there are numerous beauty products that have become smarter and creating space for themselves in future homes of smart homes. For instance, mirror, one of the first smart beauty mirrors that recently unveiled its new Plus edition and accompanying HiSkin device. The product’s touch-free design concludes a custom-made analysis of your skin by just clicking your picture.

The beauty devices industry report 2016-2024 covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in beauty devices industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Beauty devices manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall beauty devices industry.

Global Beauty Devices Market Segmentation can be classified on the basis of:-

  • On the basis of Product Type
    • Skin Care
      • Cleansing Devices
      • Light/LED and Photorejuvenation Therapy Devices
      • Skin Derma Rollers
      • Cellulite Reduction Devices
      • Other Skincare Devices
    • Hair Care
      • Hair Removal Devices
      • Hair Styling Devices
    • Oral Healthcare Devices
  • On the basis of application
    • Commercial (Salons and Spas)
    • Domestic/ At Home
    • Hospitals/ Clinics
  • On the basis of end-user
    • Men
    • Women
  • On the basis of region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion)
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)

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Market Trends, Drivers, and Challenges

Growing aging population, rising cognizance towards physical appearance, growing disposable incomes in developing countries and consumerism are the major factors propelling the growth of beauty devices market. Acne has become an extensive problem, especially in North America. Rising prevalence of Melanoma, a type of skin cancer, across the US has also emerged as the major concern among the population of U.S. According to the report of US Centre for Disease Control and Prevention, invasive melanoma prevalence rate was 19.9 for 2008-12. All these factors will further strengthen the demand for skin care beauty devices. However, availability of cheaper substitutes and conventional products also curbs the growth of beauty devices market to a considerable point. These products may comprise traditional hair removal devices like razors instead of electric shavers and epilators.

Global Beauty Devices Market Report has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global beauty devices market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

Media Contact
Company Name: Goldstein Research
Contact Person: Steve Blade
Email: [email protected]
Phone: +1-6465687747
Address:99 Wall Street, Suite No:- 527
City: New York
State: NY
Country: United States


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