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Market Analysis: Beauty Devices Market
The global beauty devices market accounted to USD 27.8 billion in 2016 growing at a CAGR of 19.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers and Restraints:
Increase in geriatric population.
Increase in demand for anti-aging products and devices.
Rising Lifestyle Quotient.
Increasing Number of Procedures.
Reduced Time and Risk.
Growing technological advancement.
Table of Contents
5.Global, By Component
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Market Segmentation: Beauty Devices Market
The global beauty devices market is segmented by product type into skin care and hair care. Skin care is further segmented into cleansing devices, acne devices, light therapy and photorejuvenation devices, oxygen & steamer devices. Hair Care is further segmented into hair removal devices, hair growth devices and hair styling devices.
By End User the market is segmented into hospitals, clinics, dermatology clinics, skin & beauty clinics, and cosmetic centers.
On the basis of geography, global beauty devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Beauty Devices Market
The global beauty devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global beauty devices market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Beauty Devices Market
Some of the major players operating in global beauty devices market are Procter & Gamble, Valeant pharmaceuticals, CM International S.A., doctorstech, iBeautyMachine, Japan Gals co.,ltd., Tech4beauty International, SharpLight Technologies Ltd., Termosalud, Silkn.com, Syneron Medical Ltd, RÖS’S, Healux Corporation, Lumenis Ltd., Panasonic Corporation, Photomedax Inc., NuFACE, Koninklijke Philips N.V., Tria, Grandway beauty, LUMSAIL and Thrice corporation among others.
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