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.
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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.
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.
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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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