Beauty Devices Market Provides Information on the Historical and Current Market Size and the Future

Global beauty devices market is expected to reach $97.0 billion by 2023, according to P&S Market Research.

The market is mainly driven by the rising incidence of skin diseases, surging disposable income, escalating geriatric population, increasing appearance consciousness and awareness about beauty devices, and growing prevalence of hormonal disorders.

Based on type of device, the beauty devices market is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $25.0 billion by 2023, registering a CAGR of 20.0% during the forecast period. This is attributed to the occurrence of hormonal disorders leading to abnormal hair growth in the body and the availability of user friendly, compact, and innovative hair removal devices.

In terms of usage, the beauty devices market has been categorized into salon, spa, at-home, and others. During the forecast period, the market is expected to witness the highest growth in the at-home category, with a CAGR of 20.2%. The easy availability of these beauty devices across the globe and less expertise required for their use leads to their increased adoption is attributing to its growing popularity globally.

Request to Get the Sample Pages at:https://www.psmarketresearch.com/market-analysis/beauty-devices-market/report-sample According to the European Commission publication in 2014, the population of people aged 65 years and above was approximately 93.2 million in 2013, and the number is estimated to reach 105.3 million by 2020. The aging population is driving the demand of beauty devices, as aging leads to skin dryness, which further leads to the formation of wrinkles. This happens due to the weakening of collagen, the protein that provides strength and elasticity to the skin. Certain beauty devices help in building collagen to reveal a younger looking skin; thereby leading to the growth of the market.

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Lumenis Ltd. offers a diverse range of devices for aesthetic treatments, which include ablative-skin-resurfacing, acne-scars-treatment, blepharoplasty, laser hair removal, pigmentation, rosacea, scar revision, skin-toning, tattoo removal, vascular leg vein, non-ablative skin resurfacing, and photorejuvenation. Some of its products are LightSheer DESIRE, a new generation of laser hair reduction system, ResurFX, LightSheer INFINITY, M22, and LightSheer Duet.

Some of the other key players operating in the beauty devices market are Panasonic Corporation, Lumenis Ltd, Home Skinovations Ltd, the Procter & Gamble Company, Syneron Medical Ltd, iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company.

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