In 2015, beauty device market reached USD 53,124 and is expected to expand at a CAGR of >15% during the forecast period of 2016-2021.
Global beauty device market is one of the growing markets across the globe. Factors like improper working schedules, hectic life, expanding population suffering from depression and related condition leads to elasticity in the skin.
As the condition concerns population, a huge footfall is experienced by the beauty technicians across the globe. Further, increase in number of skin & hair problems due to UV radiations and excess pollution in the atmosphere would further boost up the market of beauty devices globally. Moreover, beauty device market is fuelled up by the young as well as elder population so as to maintain the personality and desire of being well groomed.
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In 2015, beauty device market reached USD 53,124 and is expected to expand at a CAGR of >15% during the forecast period of 2016-2021. Globally, Asia captured the highest share to beauty device market in 2015 due to the availability of affordable beauty devices & increasing disposable income in emerging economies such as India and China. The growing population and rising urbanization are also some of the factors fostering the growth of this region.
Growth in aging population worldwide and increasing number of cases of skin diseases & hair fall problems due to environmental pollution would anticipate the beauty device market growth globally.
Due to advanced technology & convenient options in beauty device market, the demand for beauty devices is anticipated to boost up the beauty device market growth across the globe. The ease in availability of beauty devices would further intensify the growth of the market worldwide.
The restraint for beauty device market includes the risks & side effects from beauty devices. For instance, the photo rejuvenation device leads to severe skin burns due to excessive exposure of radiations which leads to swelling & appearance of fragile skin.
Key extracts from the Table of Content of Beauty device Market 2016-2021 report:
Beauty device Market Size and Forecast, 2016-2021
Beauty device Market CAGR for the Period 2016-2021
Beauty device Market Y-O-Y for the Period 2016-2021
Beauty device Market Demand & Supply Analysis
Beauty device Market Investment Attractiveness
Beauty device Market BPS Analysis
Beauty device Market Dynamics – Trends, Drivers, Challenges, and Opportunities
Beauty device Market Competitive Landscape Analysis
Beauty device Market Investment Proposition, by Geography
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by Ajay Daniel (few months ago!)