Beauty devices market is expected to rise to an estimated value of USD 166.06 billion by 2026 registering a healthy CAGR of 19.57% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising number of procedures for beauty devices and less time and risk involved in the industry.
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With the use of up to date and proven tools and techniques, complex market insights are organized in simpler version in the world class beauty devices report for a better understanding of end user. A team of skilled analysts, statisticians, research experts, enthusiastic forecasters and economists work painstakingly to structure such great market research report for the businesses seeking a potential growth. This team is focused on understanding client’s businesses and its needs so that the finest market research report is delivered to the client. Beauty devices market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity and production.
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.
Trending Beauty Devices Market Developments in 2019
- In August 2019, Bod, an Australia based medicinal marijuana company has collaborated with UTS the University of Technology Sydney for producing an ant-aging skin cream by infusing cannabidiol (CBD) a non-psychotic compound found in cannabis. The acquisition of these two companies accompanied by Greenfield MC Cultivation which is licensed cannabis importer in Australia will enroll Asia-Pacific exporters for developing the anti-aging cream.
- In March 2019, Church & Dwight Co., has partnered with Ideavillage Products Corporations in order to acquire the brands “Flawless” including “Finishing Touch” manufacturer of hair removal product.. Flawless is renowned company for manufacturing women’s electric hair removal devices and products. This recent takeover will channelize the revenue flow in the global market of beauty devices.
Segmentation: Global Beauty Devices Market
By Product Type
( Hair Removal Devices, Cleansing Devices, Acne Devices, Rejuvenation Devices, Light/LED Therapy and Photorejuvenation Devices, Oxygen and Steamer Devices,Hair Growth Devices, Skin Derma Rollers, Cellulite Reduction Devices)
By Usage
(Salon,Spa,Home,Others)
By Application
(Domestic Purpose,Commercial Purpose,Others)
By End User
(Hospitals,Clinics,Dermatology Clinics,Skin And Beauty Clinics,Cosmetic Centers)
By Geography
(North America,South America,Europe,Asia-Pacific,Middle East and Africa)
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Market Drivers
Increasing geriatric population drives the market
Rising demand for anti-aging products and devices among population will drive the market growth
Rising lifestyle quotient are factor which led to market expansion
Growing technological advancement and development is driving the market
Market Restraints
Availability of cheaper beauty products in the market is restraining the market growth
High cost of these beauty products will also act as a restraint for the market.
Key Developments in the Market:
In April 2017, Channel Investments announced its acquisition of TRIA Beauty and Iluminage Beauty which is global leader in beauty and skin care. This acquisition will build brand image, help in formulating expansion strategy, able to serve better, improve profitability and performance of channel investments in the industry.
In January 2017, L’Oréal a France announced its acquisition with Valeant to acquire the skincare brands CeraVe, AcneFree and Ambi. Such acquisition will benefit L’Oréal in expanding its product portfolio, provide better consumer experience, and enable competitive advantage with faster growth. These three brands will help them to meet the growing demand for active skincare among population.
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Research Methodology: Global Beauty Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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