In a recent published report, Kenneth Research has updated the market report for Beauty devises Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Beauty devises Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Beauty Devices Market is estimated to reach $113 billion by 2024; growing at a CAGR of 18.3% from 2016 to 2024. Beauty devices are products and services used for enhancing bodily appearance of the person. These devices are becoming increasingly popular among women as well as among men. Several novel innovations have given the end-users more control over their skin, along with saving time and money. Effective user-friendly and budget friendly skin tools aids consumers in treating their skin at home with no down-time. Moreover, demand for quick solutions and high-end devices has led to the development of personalization and higher-level consumer services. Increasing popularity of at-home skin care tools has changed the consumers view of skin care techniques and has also supported the beauty devices market.
Increasing geriatric population, rising per capita income, growing number of promotions and advertisements are the factors fueling the growth of the global beauty devices market. Increasing awareness towards harmful effects of UV radiations, rising commonness of skin diseases, and appearance consciousness also supports the growth of the market. Additionally, personalization, eco-friendly and at-home beauty devices would provide growth opportunities for the market. Though, high costs and possibility of side effects might restrain the market.
The global beauty devices market is categorized into usage area, device types, and geography. Usage area is further segmented into salon, at home, spa, and others. Device types is bifurcated into hair growth devices, cellulite reduction devices, rejuvenation devices, hair removal devices, cleansing devices, oxygen and steamer devices, skin dermal rollers, light/LED therapy and photorejuvenation devices, acne devices, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
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The key players operating in this market include Home SKinovations Ltd., Panasonic Corporation, Nu Skin Enterprises, Koninklijke Philips N.V., Lumenis Ltd., Carol Cole Company., Procter & Gamble, Syneron Medical Ltd., L’Oreal S.A., and TRIA Beauty, Inc., among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Beauty Devices Market with respect to major segments such as device type, usage area, and geography. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Beauty Devices Market from 2015 to 2024 has been included in the report. Profile of the key players in the Global Beauty Devices Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of the Global Beauty Devices Market:
Usage Area Segments
Salon
At Home
Spa
Other Usage Areas
Device Type Segments
Hair Growth Devices
Cellulite Reduction Devices
Rejuvenation Devices
Hair Removal Devices
Cleansing Devices
Oxygen and Steamer Devices
Skin Dermal Rollers
Light/LED Therapy and Photorejuvenation Devices
Acne Devices
Other Devices
Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Other
Asia-Pacific
China
Japan
India
South Korea
Others
RoW
South America
Middle East
Africa
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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