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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.  

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.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 

 

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Beauty Devices Market

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