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Beauty Devices Industry 2019Description:-
Beauty devices are commonly used at homes, salons, and skin clinics for improving skin health and appearance. These include acne removal devices, hair removal devices, cleansing devices, face steamers, and more. There has been a rapid increase in the use of personal care products in modern times. As per reports, hair removal devices are most popular and have the largest share of the global market. In 2017, these devices contributed USD 1.4 billion to the home-use beauty products market, accounting for 24.8% of the total share.
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Key Players
Procter & Gamble
Philips
Panasonic
Nu Skin Enterprises
L'Oréal (Clarisonic)
Conair
MTG
Hitachi
Remington
YA-MAN
FOREO
Home Skinovations
Carol Cole (NuFace)
KAKUSAN
Quasar MD
Kingdom
Tria
According to report analysts, the global market of beauty devices is likely to grow at a Common Annual Growth Rate (CAGR) of about 19.5% over the forecast period. From USD 36,600 million in 2019, the market should reach USD 89,200 million by 2024. People have become more conscious about their looks and there is a growing prevalence of skin conditions such as acne, blemishes, age spots, pigmentation, sun-induced freckles, and fine lines. These factors are reportedly driving the market for skincare devices.
Considering the increasing popularity of electronic beauty devices, manufacturers have been introducing innovative and advanced products from time to time. These devices help dermatologists, clinicians and aestheticians to treat acne and other skin conditions, reduce signs of aging and boost skin health and elasticity. The use of these devices is also increasing among the geriatric population. These devices reduce aging marks, revitalize and tighten skin, and lend a younger look. Rising disposable income and high spending power are also the reason for increased sales of skincare devices.
Segmentation:
The global beauty devices market is segmented into types and applications. Based on type, the market is bifurcated into cleansing devices, skin derma rollers, oxygen and steamer, acne removal devices, hair removal devices, cellulite reduction devices, and others.
Based on applications, the market can be bifurcated into beauty salons, spas, households and others. Beauty salons are the main users of skincare devices and they accounted for more than 54% of the total market share in 2017.
Regional Analysis:
In this report, the five main regions considered for the worldwide market analysts of beauty devices are North America (The United States, Mexico and Canada), Europe (France, Germany, Spain, UK, Italy, Russia and rest of the region), Asia-Pacific (India, South Korea, Japan, China, Australia, Indonesia, Singapore and rest of the region), Central and South America (Brazil, Argentina, Columbia and rest of the region), and the Middle-East and Africa (UAE, Egypt, Saudi Arabia, Turkey and South Africa).
North America dominates the market for skincare devices. Continuously developing technology, high-quality products and high purchasing power in the region are the driving factors. Asia-Pacific is yet another important region in the global market. With a large consumer base and many local players, this region is expected to grow at a CAGR of 21.1% over the forecast period. There is an increase in the number of spas and salons and the demand for skincare devices is particularly high in India, China and Korea. The European market is likely to witness a CAGR of 17.6%.
Industry News:
In February 2019, a US-based company NuFace launched a pen-size microcurrent device called the NuFace Fix™. This device makes use of FDA-approved microcurrent technology to provide anti-aging solutions.
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Table of Contents – Major Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Beauty Devices Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Beauty Devices Market Analysis by Regions
5 North America Beauty Devices by Countries
Continued….
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