Global Beauty Device Market, Key Manufacturers, Opportunities 2025 Global Beauty Device Market

Global Beauty Device Market, Key Manufacturers, Opportunities And
Forecast To 2025
Global Beauty Device Market report provides analysis for the forecast period
2018–2024. The market study reveals that the market is projected to grow with a
CAGR over 19.14% during the anticipated period in terms of value.
According to a new market report published by BlueWeave Consulting, The Global
Beauty Device Market was valued at USD 31.26 billion in 2017 and is projected to expand
at a CAGR of 19.14% from 2018 to 2024, by value, reaching around USD 106.31 billion by
the end of the forecast period. According to the report, North America was the largest
contributor in terms of revenue to global beauty device market in 2017.
Global Beauty Device Market: Competitive Dynamics
Major industry players in global beauty device market are adopting different strategic
initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic
expansion in the beauty device market. For instance, In January 2017, L'Oréal signed an
agreement with Valeant Pharmaceuticals to acquire; it’s the skincare brands including
CeraVe, AcneFree, and Ambi for a consideration of USD 1.3 billion in cash. The acquisition is
aimed to expand L’Oreal’s Active cosmetics division.
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Growing hormonal disorders leading to abnormal hair loss and hair growth is
driving the global beauty device market
Due to increasing exposure to pollution skin diseases, skin diseases are common in
modern society and it is ever increasing. This is causing papules, hives, warts etc. Other
factors contributing to skin diseases are excessive alcohol consumption and consumption of
tobacco. Acne, hyperpigmentation, depigmentation, psoriasis, freckles, deep wrinkles,
atopic dermatitis and melisma are some of the common skin problems. Increase in the level
of disposable income across the globe has led to a high spending on personal and beauty
care products and devices.
Rise in GDP per capita income and high disposable income has led to increasing spending
power of the Asian population to purchase various beauty devices, which further drives the
growth of the global market. The key driver for the global beauty device market is rise in
appearance consciousness consumers worldwide. Major aspect of people’s life is engrossed
by social media. This in turn has attracted people towards beauty devices to enhance their
appearance. For example the technological advancements in beauty devices with presence
of laser treatments for skin lightening and tightening in short span of time will generate
higher market revenue over the forecast period.
Global Beauty Device Market: Scope of the Report
The global market for beauty device is segmented by type of devices, application, and
geography. The type is further segmented into hair removal devices, cleansing devices,
acne devices, light/led therapy and photo rejuvenation devices, oxygen and steamer
devices, hair growth devices, skin dermal rollers, cellulite reduction devices and others. The
application is further segment into salon, spa, at home and others. Geographically, the
global beauty device market is bifurcated into North America, Asia Pacific, Europe, and Rest
of the World. North America beauty device market was the most prominent market because
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