Global Beauty Devices Market Size, Share, Future Trends, Top Key Companies Profile, and Insights, Forecast to 2024
The factors contributing to the growth of the beauty devices market include the rise in the prevalence of skin disorders, increasing rate of hormonal imbalance cases, an increase in the geriatric population, and growing awareness for beauty devices. The launch of at-home LED therapy devices is the latest trend observed in the market.
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The increasing prevalence of skin conditions, in addition to the increasing rate of hormonal imbalance cases, are the primary factors driving the growth of the global beauty devices industry. The rise in cases of skin conditions is also attributed to the rise in the number of aging population.
The market for beauty devices is led by hair removal products and its market growth is driven by the increasing prevalence of hormonal imbalance cases, especially in women population. The number of polycystic ovary syndrome (PCOS), has witnessed an increase in growth on a global level, which is a common cause of facial hair growth among women suffering from PCOS.
Salon and spas are the largest end-user category for beauty devices globally due to the increasing awareness among consumers and also increasing disposable income. The fastest growth in demand for beauty devices is witnessed for at-home devices.
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Key players in the beauty devices market are investing in the development of at-home and handheld devices, which is strengthening their position in the market. Also, the local players in Asia-Pacific are investing in the development of compact, cost-effective, and technologically advanced beauty devices for at-home use.
Panasonic Corporation, L’Oreal SA, Photomedax Inc., Home Skinovations Ltd, The Proctor & Gamble Company, Koninklijke Philips N.V., Carol Cole Company, Lumenis Ltd., Syneron Medical, and TRIA Beauty, Inc are some of the key players operating in the beauty devices industry.
Source: VynZ Research
