Acknowledging the exponential upsurges, the market is climbing rapidly, Market Research Future (MRFR) in its recently published study report asserts that the Global Beauty Devices Market Will Witness Significant Growth, Registering A CAGR Of 7.8 % During The Estimated Period (2017 -2023). The market growth of beauty devices is a little overwhelming to weed through. Acknowledging the phenomenal upsurges, the market is witnessing and gauging the potential of the market to go further in the years to come
The beauty devices market has been proliferating rapidly mainly due to the ravishing outcomes that are provided by these devices in the professional as well as at home settings. Moreover, factors such as the huge technological advancements that are rapidly dropping the prices of these devices, making them extremely affordable are escalating the market on the global platform.
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Key Players:
Leaders in the global beauty devices market include Nu Skin Enterprises, L'Oreal S.A., Panasonic Corporation, Home Skinovations Ltd, Syneron Medical Ltd, TRIA Beauty Inc, PhotoMedex Inc, Procter & Gamble Co, Home SKinovations Ltd, Photomedax Inc., Lumenis Ltd., Carol Cole Company, Koninklijke Philips N.V., and Tria Beauty Inc.
Industry/ Innovation/ Related News:
October 16, 2018 – Pollogen Ltd. (Israel), a beauty-tech firm launched a new beauty device - Geneo Personal device that offers a ‘super-facial’ in less than 10 minutes, without having to go to the salon. The new sleek Geneo comprises an oxygenation system that can clean the skin in 6 minutes. It stimulates oxygen from beneath the skin for rejuvenating effect in minutes. The device is launching at $109 for Early Birds, and will eventually retail at $249.
Global Beauty Devices Market - Competitive Analysis
The highly competitive, beauty devices market appears fragmented due to the presence of many well-established players having the global presence.
M&A activities, innovation, brand reinforcement, and collaboration remain the key trends for these players. Manufacturers are striving to develop high-performance beauty devices powered by the latest technology and clinical advances.
Segmentation:
MRFR report segments the global beauty devices market by type, application, and end-user for a better analysis of the upcoming market.
Based on the type, the beauty devices market can be segmented into hair care, skin care, oral care, and others. Furthermore, hair care segmented into hair removal devices, hair growth devices, hair styling devices, and others and skin care segmented into light/led and photo rejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others.
Application-wise, the beauty devices market can be segmented into commercial purpose and others. Furthermore, the commercial purpose can be segmented into hospitals/clinics, salon/spas, and others.
On the basis of end-user, the beauty devices market can be segmented into professional and personalized.