Beauty Devices Market And its Growth prospect in the Near Future

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Global Beauty Devices Market to Witness 19.1
CAGR during 2017 2023
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Global Beauty Devices Market
According to a new market research report Global
Beauty Devices Market Size, Share, Development,
Growth and Demand Forecast to 2023 - Industry
Insight by Type of Device (Hair Removal Devices,
Cleansing Devices, Acne Devices, Light/LED
Therapy and Photo Rejuvenation Devices, Oxygen
and Steamer Devices, Hair Growth Devices, Skin
Dermal Rollers, Cellulite Reduction Devices and
Others) and by Application (Salon, Spa, At Home
and Others) published by PS Market Research,
the global beauty devices market is projected to
reach 94,353.3 million by 2023, growing at a
CAGR of 19.1 during the period 2017 -
2023. Browse Report Description at
https//www.psmarketresearch.com/market-analysis/b
eauty-devices-market
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Global Beauty Devices Market
Global Beauty Device market was worth 27,803
million in 2016
According to the study, the global beauty devices
market is likely to grow from 27.8 billion in
2016 to 94.3 billion by 2023. Increasing
prevalence of skin diseases, growing aging
population, increasing hormonal disorders and
high disposable income are some of the major
factors driving the growth of the global beauty
devices market. The market is further expected to
gain revenue due to increasing hormonal disorders
and increasing awareness about beauty devices.
Introduction of new beauty devices, increasing
utilization of electronic beauty devices and
rising inclination of consumers towards easy to
use at home beauty devices are some of the major
trends observed in the global beauty devices
market.
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Global Beauty Devices Market
Insights on market segments
As per the findings of research, hair removal
devices held the largest share in the global
beauty devices market in 2016, primarily due to
increasing prevalence of PCOS and other hormonal
problems among females. The light/LED therapy and
photorejuvenation devices (LTP) market is
expected to witness fastest growth during the
forecast period. The higher growth for LTP is
attributed to the increasing awareness about
advanced features offered by light/LED therapy
and photorejuvenation devices for treating
wrinkles, blemishes and sagged skin. Among
different type of application, salon held the
largest share in the global beauty devices market
in 2016, due to increasing number of salons.
Growing geriatric population, rising prevalence
of alopecia, and increasing awareness about
beauty treatments is significantly driving the
growth of the global beauty devices market in the
salons.
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Global Beauty Devices Market
North America stands as the largest beauty device
market
Geographically, North America has been the
largest market for beauty devices, with the U.S.
being the major contributor to the regional
market as compared to Canada. The key factor
driving the North American beauty device market
include increasing aging population and rising
prevalence of skin related problems in the
region. According to the American Academy of
Dermatology, approximately 85 of the population
in the U.S. suffers from acne every year. There
is a large population of the patients suffering
from acne scars in the country.
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Global Beauty Devices Market
Increasing hormonal disorders to have high impact
on the beauty devices market
Hormonal disorders are increasing globally due to
insufficient sleep, stressful lifestyle, poor
diet and lack of exercise. Polycystic ovary
syndrome (PCOS) is an endocrine disorder that
occurs due to imbalance of hormones in the
females, leading to acne and growth of excessive
or unwanted hair in females. As reported by NCBI
in 2014, PCOS also leads to hirsutism, a
condition where hair growth is observed in places
which normally occurs for men, such as chin,
chest, upper lip, stomach and back. NCBI further
reported that hirsutism is a condition of
hypoandrogenism and occurs in around 70 women
already suffering from PCOS. Androgen alopecia is
a hair loss problem observed in both men and
women. In case of men it is known as male-pattern
baldness. The prevalence of androgenic alopecia
and PCOS is increasing globally, thus leading to
increased sales of hair growth devices, driving
the global beauty devices market.
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Global Beauty Devices Market
Key players in the market are collaborating to
offer better advanced visualization solutions
Key players in the beauty devices market are
collaborating to offer better advanced beauty
devices. In January 2017, L'Oréal signed an
agreement with Valeant pharmaceuticals to acquire
its the skincare brands including CeraVe,
AcneFree and Ambi for a consideration of 1.3
billion in cash. The acquisition is aimed to
expand LOreals Active cosmetics division. Some
of the other key players in the market include
LOreal SA, Panasonic Corporation, Home
Skinovations Ltd and Photomedax Inc., Carol Cole
Company, Lumenis Ltd., The Proctor Gamble
Company, Syneron Medical, TRIA Beauty, Inc., and
Koninklijke Philips N.V.
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Global Beauty Devices Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/b
eauty-devices-market/report-sample
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