Facial Treatment MarketRepresents a Robust CAGR of Nearly 7.3% Between 2017 and2022
Posted: Dec 10, 2018
Global Facial Treatment Market: Snapshot
The global facial treatment devices market is profiled in detail in the report in order to provide readers with a comprehensive view of the market’s growth prospects over the 2017-2022 forecast period. The facial treatment devices market has exhibited solid growth in the last few years due to a number of factors such as the growing disposable income of urban consumers and the rising proclivity of consumers to spend increasing amounts on cosmetic treatments. The market is likely to rise at a steady pace in the coming years, according to Transparency Market Research. The facial treatment devices market is likely to be valued at US$808.4 mn by the end of 2017 and further rise to US$1,149.6 mn by the end of 2022. The facial treatment devices market is likely to exhibit a strong 7.3% CAGR from 2017 to 2022.
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IPL Devices Likely to Dominate Global Facial Treatment Devices Market
By product type, the global facial treatment devices market is segmented into laser based devices, IPL devices, RF devices, ultrasound devices, and LED devices. Of these, IPL devices are likely to lead demand from the global facial treatment devices market in the coming years due to their growing demand in over laser-based devices. The IPL devices segment is likely to be valued at US$234.7 mn by the end of 2017, representing 29% of the global facial treatment devices market. Exhibiting a steady 6.6% CAGR between 2017 and 2022, the IPL devices segment is expected to rise to US$323.7 mn by the end of 2022.
North America Likely to Dominate Geographical Hierarchy of Facial Treatment Devices Market
For a closer understanding of the geographical dynamics of the global facial treatment devices market, the report segments the market into North America, Latin America, Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa. Of these, North America is likely to remain the leading contributor to the global facial treatment devices market in the coming years due to the widespread demand for facial treatment devices in developed countries such as the U.S. and Canada. The North America facial treatment devices market is expected to rise from US$278.1 mn to US$402.5 mn over the 2017-2022 forecast period. The North America facial treatment devices market is likely to exhibit a robust 7.7% CAGR over the forecast period, underlining its dominance in the global market.
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Asia Pacific except Japan to Emerge as Significant Contender
Asia Pacific except Japan is likely to emerge as a significant contributor to the global facial treatment devices market over the 2017-2022 forecast period, with the regional market set to generate an absolute opportunity of US$83.1 mn between 2017 and 2022.
The facial treatment market is also set to exhibit solid growth in Europe, the Middle East, and Africa in the coming years, with the Europe and MEA markets for facial treatment devices both set to exhibit a 6.6% CAGR over the 2017-2022 forecast period. The Europe market is a leading contributor to the global facial treatment devices market and is likely to rise to a valuation of US$289.5 mn over the forecast period, while the MEA facial treatment devices market is set to rise to US$47.4 mn by the end of 2022.
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