Global Beauty
Devices Market: Overview
The increasing
prevalence of skin-related issues, a rising geriatric population, and
the expansion of the middle class have been the key factors boosting
the Global
Beauty
Devices
Market.
The market is poised to surge exponentially between 2016 and 2024.
Much of the growth exhibited by the market is attributed to the
rising demand for hair removal devices. This product segment is
expected to hold a considerable share in the market during the
forecast period. Among the various application segments, the demand
for beauty devices from salons is expected to rise at an impressive
rate.
Among other factors,
the growth of consumerism has had a profound impact on the market’s
trajectory. Increasing demand for devices used in the treatment of
skin diseases such as acne, psoriasis, and atopic dermatitis has been
crucial in expanding the market’s operation. Of the aforementioned
skin-related issues, acne is among the most prevalent dermatological
conditions, troubling millions around the world. It is caused due to
the clogging of hair follicles by dirt, dead skin cells, and sebum.
More often than not, acne leaves behind scars. According to the
findings of the American Academy of Dermatology, about 85% of
Americans suffer from acne at some point in their lives. Apart from
this, exposure to ultraviolet radiation can also cause skin diseases.
Beauty devices that
have been launched recently in the market have proven extremely
beneficial in the treatment of the aforementioned dermatological
conditions. Demand from the global beauty devices market is thus
expected to increase at a robust pace in the coming years. The report
studies the various factors influencing the global beauty devices
market. It provides a comprehensive overview of the growth trajectory
exhibited by the market over the last few years. It also presents
forecasts about the market’s growth prospects based on information
obtained from trusted industrial sources.
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Global Beauty
Devices Market: Drivers and Restraints
The majority of
demand witnessed by the market comes from geriatric consumers. Old
age is often associated with a reduced vascular network in layers of
skin and loss of fibrous tissue. Consequently, people belonging to
this age group demand special treatments for healthier-looking skin.
Furthermore, the characteristics and appearance of a person get
altered in old age, leading to dryness, pigmentation, wrinkles, and
sagging of skin. Anti-aging beauty devices available in the market
help in reducing these signs of skin aging, thus lending the skin a
youthful radiance by tightening it.
Awareness about the
availability of treatments and related devices for treating aging
skin has been thus boosting the global beauty devices market. Despite
witnessing a considerable rise over the last couple of years,
knowledge regarding the risks associated with using these devices is
hampering the market’s growth to an extent. Some of the most common
side-effects associated with the beauty devices include fragile skin,
excessive swelling, discomfort, blistering, and bruising. The
appearance of these side-effects can slow or postpone the process of
skin treatment. Also, many popular beauty devices emit intense pulsed
light that can result in side-effects such as edema, superficial
burn, scarring, and postoperative erythema.
Global Beauty
Devices Market: Competitive Insight
In order to study
the competition prevailing in the market in detail, the report
profiles some of the major companies operating therein. These include
the L’Oreal Group, Panasonic Corporation, Procter & Gamble
Company, and Carol Cole Company. The strengths and weaknesses of
these companies are extensively studied in the report. It also
provides in-depth insights into the threats and opportunities that
these companies are likely to face in the near future.
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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