NEW YORK, June 7, 2021 / PRNewswire / – As people become more and more aware of their appearance and more and more aware of beauty devices, the global beauty device market has reached $ 50,814.4 million in 2020. In addition, driven by the boom in the elderly population, the increasing prevalence of dermatological and hormonal diseases and the increase in disposable income, the market value is likely to reach $ 311,039.3 million by 2030, at a CAGR of 20.6% between 2021 and 2030, depending on the market research report published by P&S Intelligence.
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The beauty device market has been hit hard by the COVID-19 pandemic, as containment measures included movement restrictions and the closure of all non-essential manufacturing facilities, shopping malls and even hospital departments. As a result, the production and sale of beauty devices has declined significantly, but only for a limited time. Since the lockdowns were lifted and non-core activities resumed in many countries, the market has started to recover.
The market categories under Type Segment are Hair Removal, Cleansing, LED Therapy & Photorejuvenation, Acne Treatment, Hair Growth, Oxygen / Face, Cellulite Reduction, dermarolling and others. Among these, the beauty devices market has been dominated by the category of LED therapy and photorejuvenation in the period 2015-2020 (historical period). Blemishes, pigmentation, sun induced freckles, wrinkles, age spots, fine lines and many other skin issues can be effectively treated with such devices.
Browse Detailed Report with COVID-19 Impact Analysis on Beauty Devices Market Research Report: By Type (Hair Removal, Cleansing, Acne Treatment, Light Emitting Diode & Photorejuvenation Therapy, Oxygen / Steam Facial, Hair Growth, Dermarolling, Cellulite Reduction), Usage (Salon, Spa, At-Home) – Global Industry Analysis and Demand Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/beauty-devices-market
Salon, home, spa and others are the categories of the market according to the use. Among these, salon category is said to experience the fastest growth in the beauty device market during the forecast period owing to the growing awareness of the appearance and the growing incidence of the market. Androgenetic alopecia.
During the forecast period, the beauty device market will experience the highest CAGR in Asia Pacific (APAC). The main drivers of demand for these products in the region are the increasing rate of urbanization, the growing influence of social media, and growing concerns about appearance.
The players in the beauty equipment market are opting for partnerships and plant extensions for a competitive advantage over each other.
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Earlier in December 2019, the Amorepacific X TMIC Innovation Factory was established by Amorepacific Corporation and its partner Alibaba Group to reach more customers.
The leading companies in the global beauty device market are Panasonic Corporation, Nu Skin Enterprises Inc., Lumenis Ltd., TRIA Beauty Inc., Carol Cole Company Inc., Home Skinovations Ltd., L’Oréal SA, YA-MAN LTD. , Candela Corporation, Koninklijke Philips NV and MTG Co. Ltd.
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Home Use Beauty Appliance Market Report – Across the globe, the APAC home use beauty devices market is expected to expand rapidly in the coming years mainly due to the growing public awareness of the use of these products in various skin treatment applications. and the increase in the geriatric population in APAC countries. .
Skin Care Devices Market Report – Globally, the skin care devices market is expected to exhibit the highest growth rate in Asia Pacific in the future. This is believed to be due to the presence of a large population, the increasing incidence of obesity and skin diseases, and the increasing geriatric population in the region.
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