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Global 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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Major Market Competitors: Beauty Devices Market
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.
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)
(Domestic Purpose,Commercial Purpose,Others)
By End User
(Hospitals,Clinics,Dermatology Clinics,Skin And Beauty Clinics,Cosmetic Centers)
(North America,South America,Europe,Asia-Pacific,Middle East and Africa)
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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
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.
Competitive Analysis: Global Beauty Devices Market
Global beauty devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of beauty devices market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Competitive Analysis: Beauty Devices Market
The global beauty devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global beauty devices market for global, Europe, North America, Asia Pacific and South America.
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