NEW YORK, May 31, 2016 /PRNewswire/ --
According to market research "Global Beauty Devices Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Type (Hair Removal Devices, Cleansing Devices, Acne Devices, Light/LED Therapy and Photorejuvenation Devices, Oxygen and Steaming Devices, Hair Growth Devices, Skin Dermal Rollers, Cellulite Reduction Devices and Others) and by Application (Salon, Spa, At Home and Others)" by P&S Market Research, the global beauty devices market was valued at $23,403.9 million in 2015, and it is expected to grow with a CAGR of 19.0% during the period 2016 - 2022.
The market is growing, due to the growth of the geriatric population and increasing prevalence of skin diseases, such as acne and psoriasis. In addition, the increase in disposable income is leading to increase in spending on personal care, thus boosting the growth of the global beauty devices market.
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The aging population acts as a major driver for the global beauty devices market, as old age is associated with loss of fibrous tissue and a reduced vascular and glandular network in the layers of skin. In the elderly population, the appearance and characteristics of the skin gets altered, thus leading to wrinkles, dryness, pigmentary alteration, and sagging of the skin. The anti-aging products and devices help in reducing skin aging, giving a person a younger look by revitalizing and tightening the skin; hence, fuelling the demand for beauty devices globally.
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Some of the key companies operating in the beauty devices market include L'Oréal Group, Nu Skin Enterprises Inc., Panasonic Corporation, Home Skinovations Ltd., PhotoMedex Inc., Carol Cole Company, Procter & Gamble Company, Syneron Medical Ltd., TRIA Beauty Inc., and Koninklijke Philips N.V.
GLOBAL BEAUTY DEVICES MARKET SEGMENTATION
By Type of Device
- Hair Removal Devices
- Cleansing Devices
- Acne Devices
- Light/LED Therapy and Photorejuvenation Devices
- Oxygen and Steaming Devices
- Hair Growth Devices
- Skin Dermal Rollers
- Cellulite Reduction Devices
- At Home
- North America- U.S., Canada, and Rest of North America
- Europe- Germany, France, Italy, Spain, The U.K., and Rest of Europe
- Asia- China, Japan, India, and Rest of Asia
- Latin America- Brazil and Rest of Latin America
- Rest of the World (RoW)
Browse Other Reports by P&S Market Research
Beauty Drinks Market - https://www.psmarketresearch.com/market-analysis/beauty-drinks-market
Lipstick Market - https://www.psmarketresearch.com/market-analysis/lipstick-market
Dermatology Drug Market - https://www.psmarketresearch.com/market-analysis/dermatology-drug-market
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SOURCE P&S Market Research