Tuesday, 31 May 2016

Beauty Devices Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Global Beauty Devices Market : Description

Beauty devices are a wide range of consumer products designed to improve the physical appearance of an individual by enhancing the skin. The skin is one of the most important parts of an individual’s appearance, and therefore, is the focus of various beauty products and devices. Beauty devices primarily tighten the skin to remove wrinkles and provide a more youthful appearance; some can also be used to eliminate pathogens from the skin.

The report on the global Beauty Devices Market includes comprehensive analysis of the competitive dynamics, segmentation, and major drivers and restraints of the global beauty devices market. The report sheds light on the performance of the beauty devices market in the past, and based on precise analysis of the market’s current conditions, presents forecasts for the next few years.

Global Beauty Devices Market : Drivers and Restraints

Increasing prevalence of skin diseases that require medical intervention is the primary driver of the global beauty devices market. Prevalence of skin diseases such as skin cancer has increased rapidly in the past few years due to increasing air pollution and exposure to UV rays. This has driven demand for beauty devices in order to remove signs of skin diseases. The ease of use of modern beauty devices is another major factor driving demand.

The increasing geriatric population is also a major driver of the global beauty devices market. Geriatric people suffer from more skin disorders than the youth, as the skin suffers from degradation over time. The improving standards of life in developed as well as developing economies have allowed the geriatric population to expand rapidly, thereby driving demand for beauty devices. High purchasing power of the geriatric population has also fueled the growth of the global beauty devices market.

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On the other hand, the risk of bacterial and fungal infections is a major restraint of the global beauty devices market. Contact dermatitis is also a risk with several beauty devices. Hence, product innovation to iron out the risk of such side effects has emerged as one of the most promising opportunities in the global beauty devices market.

Global Beauty Devices Market : Geographical Dynamics

North America dominates the global beauty devices market. High disposable income of consumers in the region, which allows them to set aside significant sums for personal care, is a major driver of the beauty devices market in the region. Due to early introduction in the region, beauty devices are readily accepted by consumers as part of their day-to-day lifestyle than those in other regions. This has augmented the beauty devices market in the region.

Asia Pacific is expected to emerge as a major market for beauty devices in the next few years. The rapid increase in the GDP of countries such as China has allowed consumers to spend more on personal care. This has driven demand for various beauty products. China has one of the fastest growing personal care markets in the world. It is expected to remain a dominant force in the global beauty devices market in the near future.

Major Players operating in the global beauty devices market are L’OrĂ©al Group, Panasonic Corporation, TRIA Beauty, Inc., Koninklijke Philips N.V., Procter & Gamble, Home Skinovations, Ltd., Carol Cole Company, Syneron Medical, Ltd., and Nu Skin Enterprises, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

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