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

Posted on 2018-08-17 by Goldstein Research in Consumer Services // 0 Comments

New York, USA, 2018-Aug-17 — /EPR Network/ —Global beauty devices market is continuously growing form past few years at a significant pace owing to extensive demand by young consumers to enhance 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 devices proposition appeals to a broad demographic from acne treatments for age group of 20s, to skin blemish treatments for 30-40 age groups, to anti-ageing treatments for 50-somethings. According to Goldstein Research, “emerging markets,” including most of 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.

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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, HiMirror, one of thefirst 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.

“Global Beauty Devices Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, 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)
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of 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 skincare 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. Beauty devices market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on consumer goods industry analysis to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

On the basis of Product Type

On the basis of Application

On the basis of End User

On the basis of Region

About Goldstein Research

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