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The worldwide beauty device market has grown rapidly and widely, mainly because of the tremendous results these devices provide in the professional and home comforts. In addition, with tremendous technological advances, the rapidly declining prices of these devices are driving the market onto the global platform, becoming extremely affordable.
Recognizing these exponential increases, the market is growing rapidly. Market Research Future (MRFR) states in its recently released study report that the global beauty market will experience significant growth, with a CAGR of 7.8% over the estimated period (2017-2023). .
In addition to rapid urbanization and improved living standards brought about by improving economic conditions, the strong desire of consumers to look and feel beautiful and young is also a determining factor for market growth. In addition, the increasing prevalence of skin diseases such as acne, melisma (photoaging of the skin) and disorders badociated with excessive exposure to ultraviolet light and pollution such as wrinkles contribute to the strong growth of the beauty device market.
In addition, the benefits obtained by beauty devices are considered one of the main drivers. The increasing media reach has allowed manufacturers to expand their range and minimize the recall value by offering a product that is tailored to the consumer's budget, body, skin, complexion and environment. In addition, the growing need to differentiate brands in an increasingly competitive environment should foster market growth.
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On the other hand, factors such as disadvantages or side effects such as discomfort, excessive swelling and sensitive skin, bruising and blistering, badociated with mishandling or misapplication of these devices, as well as some of the common side effects occurring after the treatment. hinder the growth of the market. In addition, some devices emit intense pulsed light that can trigger side effects, such as scars, superficial burns, edema and erythema postoperative, which may hinder the development of the beauty device market.
Cosmetics Market – Competitive Analysis
The highly competitive cosmetics market appears fragmented due to the presence of many well established players with a global presence.
Mergers and acquisitions, innovation, brand building and collaboration remain key trends for these players. Manufacturers are striving to develop high-performance beauty devices based on the latest technology and advanced clinics.
Dominant Players:
Some of the main players in the market are
- L'Oreal S.A.
- Nu Skin Companies
- Panasonic Corporation
- Syneron Medical Ltd
- Home Skinovations Ltd
- TRIA Beauty Inc.
- Procter & Gamble Co.
- PhotoMedex Inc.
- Tria Beauty Inc.
Industry News:
January 07, 2019 – La Roche-Posay (USA), a dermatologist-tested and dermatologist-tested global wellness brand, introduces the world's first portable sensor – "My Skin Track pH" at Consumer Electronics Show Las Vegas.
This sensor comes with an application that allows you to easily measure the pH of the skin and create personalized treatment plans to better take care of the skin. This innovative sensor uses microfluidic technology and accurately measures the pH of the skin. A key indicator of skin health, this revolutionary innovation is still in the prototype stage.
Capillus, LLC, a Miami-based medical device manufacturer, launched Capillus272 in January 2015, which promotes hair regrowth in people with androgenic alopecia.
In April 2017, L'Oreal SA had launched a skin device based on mechanobiology techniques. This technique is a mbadage device with anti-aging effects that help to reshape the lips, face and neck. This device can improve the signs of technology by improving skin tissue.
October 16, 2018 – Pollogen Ltd. (Israel), A beauty technology company has launched a new beauty device, the Geneo Personal, which offers a "super face" in less than 10 minutes, without having to go to the salon. The new stylish Geneo includes an oxygenation system capable of cleaning the skin in 6 minutes. It stimulates oxygen under the skin for a rejuvenating effect in minutes. The device is launched at $ 109 for Early Birds and will eventually sell for $ 249.
Beauty appliances market – Segmentation
The global beauty device market can be segmented according to application, type, geography and end users. Based on the type of device, the market can be segmented into dermal rolls, hair removal, cellulite reduction, light therapy, oxygen therapy, cleansing, hair growth, acne, photorejuvenation and others. Photorejuvenation devices, as well as light and LED treatments, are expected to experience the fastest growth during the 2017-2023 forecast period.
The market can be segmented according to use, such as spa, beauty salon, home and others. Of these, the salons have the greatest market value.
On the basis of the end user, the market can be segmented into personalized and professional services.
The market can be segmented on a geographic basis in North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa, where the Asia Pacific is considered the growth market. the fastest for beauty devices.
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Beauty Device Market – Regional Analysis
At the regional level, the beauty device market can be segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa. The Asia-Pacific region is expected to experience the fastest growth over the forecast period.
America dominates the global marketplace due to the increased number of patients with PCOS, advanced technology, increased government support for research and development, and the aging population. In addition, the concentration of large companies fueled growth in this region.
Due to the availability of funds and government support for R & D, Europe is in second place and is expected to grow over the forecast period. The Asia Pacific region is the fastest growing region in this market due to the presence of advanced health technologies, the high cost of health care and the huge patient population. China occupies the largest share of the market due to the aging of the population and extraordinary economic growth.
At the same time, regions such as Africa and the Middle East are expected to grow luxuriously in the coming years.
About future market research:
AT Future Market Research (MRFR), we enable our customers to understand the complexity of various sectors through our Cooked Research Report (CRR), our Half-Cooked Research Reports (HCRR), our Raw Research Reports (3Rs), our Continuous Food Research ( CFR) and our market research and consulting. Services.
In order to stay up to date with the technology and work processes of the industry, MRFR often schedules and leads meetings with industry experts and industry tours for its research badyst members.
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