Global Beauty Device Market is Expected to Reach $54 Billion in 2020 by Persistence Market Research

North America dominates the global market for beauty devices due to a large number of aging population and availability of advanced devices. Asia is expected to show high growth rates in the next five years in the global beauty devices market. China and India are expected to be the fastest growing beauty devices markets in the Asian region.

According to a new market report published by Persistence Market Research “Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020,” the global beauty devices market was valued at USD 19,389.1 million in 2014 and is expected to grow at a CAGR of 18.7% from 2014 to 2020, to reach an estimated value of USD 54,186.9 million in 2020.

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http://www.persistencemarketresearch.com/market-research/beauty-devices-market.asp

Globally, the beauty devices market is witnessing significant growth due to increasing disposable income, which is enabling people to spend more on personal care. In addition, rise in aging the population and increasing prevalence of skin diseases and harmful effects of ultraviolet radiation are also driving the growth of the market. However, there are various risks and complications associated with beauty devices which may lead to bruising, swelling, and redness. In addition, extended availability of easy-to-use beauty products inhibits the growth of the market. The global beauty devices market is anticipated to grow from an estimated USD 19,389.1 million in 2014 to USD 54,186.9 million in 2020 at a CAGR of 18.7% during the forecast period.

In North America, increasing aging population and availability of advanced devices are driving the use of beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salon and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.

In Europe, the beauty devices market is driven by rising aging population. In addition, in Spain the market is evolving due to rising awareness about potential healing applications of beauty devices in the treatment of skin and hair problems.

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However, in Asia the growth for beauty devices is much higher than developed countries due to increasing disposable income, availability of multinational brands and the introduction of less expensive beauty devices.

L’Oréal Group, Nu Skin Enterprises, Inc., Home Skinovations, Ltd., PhotoMedex, Inc., TRIA Beauty, Inc., Syneron Medical, Ltd., Koninklijke Philips N.V., Panasonic Corporation, Carol Cole Company and Procter & Gamble are some of the major players of beauty devices market.

The beauty devices market is segmented as follows:

Beauty devices market, by usage area:

• Salon
• Spa
• At-home
• Others

Beauty devices market, by type:

• Hair removal devices
• Cleansing devices
• Acne devices
• Rejuvenation devices
• Light/LED therapy and photo rejuvenation devices
• Oxygen and steamer devices
• Hair growth devices
• Skin Derma rollers
• Cellulite reduction devices
• Others

Browse Medical Devices Market Research Reports:
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Beauty devices market, by geography

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • The U.K.
• Asia
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Rest of the World (RoW)

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and a high pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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“Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020”

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