Beauty Devices Market (Size of USD 33.2 Billion in 2017) to Witness 18.3% CAGR during 2018– 2024

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Beauty Devices Market
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Industry Overview

• Beauty devices are instruments or apparatus used
  for cosmetic purposes for the physical
  enhancement of its customers. The global beauty
  devices market was valued at USD 33.2 billion in
  2017. Several devices such as cellulite reduction
  devices, hair removal devices, acne devices,
  cleansing devices, light/led therapy and photo
  rejuvenation devices, hair growth devices, oxygen
  and steamer devices, skin dermal rollers,
  contributes to the beauty devices market size.
  The significant growth in the beauty devices
  industry is imputed to the rise in prevalence of
  skin disorders, increasing rate of hormonal
  imbalance cases, increase in the geriatric
  population, and growing awareness for beauty
  devices.
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  ices-market

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market segmentation

• Among the various devices, hair removal devices
  are the largest contributor to the revenue
  generated in the global beauty devices market.
  The largest share of hair removal devices owes to
  the rising number of hormonal imbalance cases,
  specifically worldwide prevalence of polycystic
  ovary syndrome (PCOS), the most common hormonal
  disorder among women leading to facial hair
  growth. The availability of range of hair removal
  devices, such as trimmers, clippers, epilators,
  and shavers provide the consumers with wide
  options for selection and are indicative for the
  largest share of the device.

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Geographic Overview

• Geographically, North America is the largest
  beauty devices market, globally. This
  contribution is due to the demographic drift
  towards increasing ageing population, and
  awareness to the available treatment options. The
  North American market is also driven by the surge
  in prevalence of skin conditions, such as acne,
  psoriasis, and rosacea. According to the American
  Academy of Dermatology, acne is the most common
  skin condition, affecting up to 50 million
  Americans annually.

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Competition among key players

• Market players in the beauty devices industry are
  enhancing their market share through
  collaborations, focusing on the development of
  products with advance features. The global beauty
  devices market include large share of
  contribution from companies that include
  Panasonic Corporation, LOreal SA, Photomedax
  Inc., Home Skinovations Ltd, The Proctor Gamble
  Company, Koninklijke Philips N.V., Carol Cole
  Company, Lumenis Ltd., Syneron Medical, and TRIA
  Beauty, Inc.

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