Research Reports
Beauty Devices Market Report Business Scenario and Future Growth Analysis
Beauty Devices Market Report Business Scenario and Future Growth Analysis
Published by Coherent Market Insights
Posted on September 13, 2021
Beauty devices are used to treat skin-related problems such as acne and wrinkles. Moreover, they are also used to eliminate the scars caused due to injury. They are also used to treat hair related problems such as hair fall, greying hair, etc. These devices are a result of advancements in skincare devices technology.
The global Beauty devices market was accounted for US$ 45,573.5 Mn in terms of value by the end of 2019
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4386
Drivers:
Increasing aging population is a prime factor fueling the market growth of the beauty devices. Aging is associated with the loss of the fibrous tissue. The skin layer started reducing vascular and glandular networks which leads to wrinkles, pigmentation and sagging of the skin. According to the United Nations, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). Thus, the rise in the aging population is projected to foster the market growth of beauty devices.
Market Opportunities
The expansion of salon and beauty care centers around the globe is projected to bring new market opportunities in the near future. Growing pollution is again increasing the prevalence of various skin diseases which is also creating demand for beauty devices. Moreover, growing awareness regarding scars treatment caused due to injury is further anticipated to foster the market growth of the beauty device over the forecast period.
Beauty Devices Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | US$ 45,573.5 Mn |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 18.7% | 2027 Value Projection: | US$ 179,729.8 Mn |
| Geographies covered: |
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| Segments covered: |
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| Companies covered: | L’Oreal Group, Nu Skin Enterprise, Inc., Panasonic Corporation, Home Skinovations, Ltd., PhotoMedex, Inc., Carol Cole Company, Procter & Gamble Company, Koninklijke Philips N.V., TRIA Beauty, Inc., AmorePacific Group | ||
| Growth Drivers: |
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| Restraints & Challenges: |
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Global Beauty Device Market – Impact of Coronavirus (Covid-19) Pandemic
The novel Coronavirus (COVID-19) has impacted almost all the industries globally including the personal care products market. There is an increased demand for beauty and personal care products during the pandemic period owing to rising trends of home use and portable beauty devices.
“Before Buying Check Our Discount For Your Better Business”: https://www.coherentmarketinsights.com/insight/request-discount/4386
Few Recent Developments
In January 2020, L’Oréal introduced Perso, a smart device that makes beauty personal. The smart skincare system is capable of providing personalized skincare solutions via a four-step process.
The post Beauty Devices Market Report Business Scenario and Future Growth Analysis appeared first on Gatorledger.
Beauty devices are used to treat skin-related problems such as acne and wrinkles. Moreover, they are also used to eliminate the scars caused due to injury. They are also used to treat hair related problems such as hair fall, greying hair, etc. These devices are a result of advancements in skincare devices technology.
The global Beauty devices market was accounted for US$ 45,573.5 Mn in terms of value by the end of 2019
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/4386
Drivers:
Increasing aging population is a prime factor fueling the market growth of the beauty devices. Aging is associated with the loss of the fibrous tissue. The skin layer started reducing vascular and glandular networks which leads to wrinkles, pigmentation and sagging of the skin. According to the United Nations, by 2050, one in six people in the world will be over age 65 (16%), up from one in 11 in 2019 (9%). Thus, the rise in the aging population is projected to foster the market growth of beauty devices.
Market Opportunities
The expansion of salon and beauty care centers around the globe is projected to bring new market opportunities in the near future. Growing pollution is again increasing the prevalence of various skin diseases which is also creating demand for beauty devices. Moreover, growing awareness regarding scars treatment caused due to injury is further anticipated to foster the market growth of the beauty device over the forecast period.
Beauty Devices Market Report Coverage
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2019 | Market Size in 2019: | US$ 45,573.5 Mn |
| Historical Data for: | 2017 to 2019 | Forecast Period: | 2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: | 18.7% | 2027 Value Projection: | US$ 179,729.8 Mn |
| Geographies covered: |
| ||
| Segments covered: |
| ||
| Companies covered: | L’Oreal Group, Nu Skin Enterprise, Inc., Panasonic Corporation, Home Skinovations, Ltd., PhotoMedex, Inc., Carol Cole Company, Procter & Gamble Company, Koninklijke Philips N.V., TRIA Beauty, Inc., AmorePacific Group | ||
| Growth Drivers: |
| ||
| Restraints & Challenges: |
| ||
Global Beauty Device Market – Impact of Coronavirus (Covid-19) Pandemic
The novel Coronavirus (COVID-19) has impacted almost all the industries globally including the personal care products market. There is an increased demand for beauty and personal care products during the pandemic period owing to rising trends of home use and portable beauty devices.
“Before Buying Check Our Discount For Your Better Business”: https://www.coherentmarketinsights.com/insight/request-discount/4386
Few Recent Developments
In January 2020, L’Oréal introduced Perso, a smart device that makes beauty personal. The smart skincare system is capable of providing personalized skincare solutions via a four-step process.
The post Beauty Devices Market Report Business Scenario and Future Growth Analysis appeared first on Gatorledger.
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