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.
Global Beauty Device Market
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.
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.
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 beauty
device industry is one the