Market
Synopsis:
Market
Research Future (MRFR) postulates that the Global Beauty Devices Market
is
slated to register a CAGR of 7.8% during the forecast period (2017-2023).
Market
Potential and Pitfalls:
The rising familiarity of skin and hair problems which is
resulting in photo aging of the hair and skin is increasing owing to the high
subjection of UV radiation and pollution across the globe. This further leads
to hair loss, skin elasticity, and sunburns, which triggers the demand for
beauty devices. The market’s course is chiefly directed by the increased
awareness regarding beauty services and devices, growing hormonal diseases
among the global population, augmenting geriatric population, continuous technological
advancements, and surging incidences of hair and skin problems.
Ageing population, hormonal factors, aesthetic treatment,
pollution causing skin and hair problem, and rising disposable income are some
of the common factors that can take the market forward. At the same time,
globalization has made it easier for different cultures to come up with some
unique solution for beauty-related problems which results in innovative
products. The wide acceptance of such products can help the market in
expansion.
Although, price of such beauty products are an issue but
rising disposable income in the urban cities all over the world would not allow
the market to remain sluggish for such reason for a long span of time.
Competitive
Dashboard:
·
L'Oreal S.A.
·
Syneron Medical Ltd
·
Panasonic Corporation
·
TRIA Beauty Inc
·
Home Skinovations Ltd
·
PhotoMedex Inc
·
Procter & Gamble
Global
Beauty Devices Market: Segmental Analysis:
·
The Global Beauty Devices
Market has been segmented on the basis of application, technology, type, and
end-user.
·
By mode of type, the global
beauty devices market has been segmented into acne removal devices, hair growth
devices, skin derma rollers & hair removal devices, rejuvenation devices,
oxygen, cleansing devices, steamer devices, light/LED therapy & photo rejuvenation
devices, cellulite reduction devices, and others..
·
By mode of application, the
global beauty devices market has been segmented into ultrasonic infuser and
instrumental cosmetics.
·
By mode of technology, the
global beauty devices market has been segmented into wearable devices,
transcutaneous electrical nerve stimulation (TENS) technology, lasers
invigorate, and others.
·
By mode end-users, the
global beauty devices market has been segmented into personalized and
professionals.
Regional
Insights:
Considering
the global scenario, the beauty devices market is dominated by the American
region due to a well-developed technological base, growing geriatric
population, increased patients suffering from PCOS, and rising support from the
government for R&D activities in this region.
The
European region is considered to occupy the second spot in the global market
and is likely to retain its growth. The growth is credited to the increased
government support for R&D activities coupled with the high availability of
funds for research. For instance, economies like France and Germany are
constantly increasing investments in the healthcare sector which is likely to influence
the market growth.
The
Asia Pacific region is estimated to expand at the fastest rate due to the
presence of rapidly developing healthcare technology, surging expenditure on
healthcare, and presence of huge patient population in this region. With the
surging demand for beauty devices and new treatment methods especially in
economies like China and India are likely to foster the market growth in this
region. China is predicted to
command the largest market share due to growing aging population and immense
economic development
No comments:
Post a Comment