Global Beauty Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023

Industry : HealthcarePublished Date : November 15th, 2017
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The global beauty device market is expected to increase from USD 28.4 billion in 2016, to USD 89.5 billion by 2023, at a CAGR of 17.8% from 2017 to 2023. The growth in global beauty device market is attributed to demographic changes, changing lifestyles, rise in disposable income of middle class and an aspiration to live good life and look good. Technological advances, resulting in production of convenient and affordable beauty devices along with the launches of mini devices has also provided impetus to the market growth. The years used for the assessment are as follows;

  • Historical year   : 2015
  • Base year            : 2016
  • Forecast period : 2017 – 2023

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total beauty device market and its various segments.
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global beauty device market
  • Finalizing the overall size and share for the global beauty device market 

OBJECTIVES:

  • To classify global beauty device market into segments on the basis of type, end-users, and analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with the beauty device  market
  •  Profiling key companies operating in the global beauty device market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for beauty device market is as follows:

By  Type 

  • Hair removal devices
  • Cellulite reduction devices
  • Hair growth devices
  • Cleansing devices
  • Photo rejuvenation devices
  • Acne elimination devices
  • Dermabrasion devices
  • Others

By End-User

  • Salon
  • Spa
  • At Home
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Rest of the World

The global beauty device market is expected to increase from USD 28.4 billion in 2016, to USD 89.5 billion by 2023, at a CAGR of 17.8% from 2017 to 2023. The growth is attributed to demographic changes, changing lifestyles, and rise in disposable income. Technological advances, resulting in production of convenient and affordable beauty devices along with the launches of mini devices has also provided impetus to the market growth. Beauty devices have taken the form of electronic offerings which are replacing manual processes in the beauty regime. Moreover, a growing awareness amongst consumer about beauty treatments and devices, available in the market is also a key component of the market growth. However, concerns about the trustworthiness and potential side effects related with the usage of beauty devices like, skin burns, discomfort, swelling, skin blemishes and others may hinder the market growth during the forecast period.

The hair removal type segment holds the largest share of the global beauty device market and is expected to hold its dominance during 2017-2023. On the basis of end-user, the beauty device market is bifurcated into salon, spa, at home, and others. The salon segment holds the largest market share in 2016. The at home segment is expected to show highest CAGR during the forecast period due to technological innovations resulting in miniaturised, convenient and affordable beauty devices.

Geographically, North America holds the largest share of the global beauty device market and is projected to continue its dominance over the forecast period. The Asia-Pacific region holds second largest share of the global market and is expected to witness highest CAGR during 2017-2023, due to increasing number of new companies entering the beauty device market and rising disposable income in the region.

Some of the key companies operating in the beauty device market include L’Oréal Group, Procter & Gamble, Nu Skin Enterprises, Carol Cole Company, Home Skinovations Ltd, TRIA beauty, inc., Panasonic Corporation, Koninklijke Philips N.V, Syneron Medica, PhotoMedex,Inc., among others

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Type

1.2.2. Market Breakdown, By End-User

1.2.3. Market Breakdown, By Region

1.3. Research Methodology

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Landscape

2.2.1. Market Share

2.2.2. Opportunities

    2.2.2.1. Huge potential in developing economies due to rise in disposable income

       2.2.3. Trends

   2.2.3.1. Increasing preference towards personalized, home-use devices

   2.2.3.2. Growing acceptance of electronic beauty devices

       2.2.4. Growth Drivers

   2.2.4.1. Increasing old age population

   2.2.4.2. Technological advances, resulting in production of convenient and affordable beauty devices

   2.2.4.3. Growing awareness amongst consumer about beauty treatments and devices

       2.2.5. Impact Analysis of Drivers on Future Forecast of the Market

       2.2.6. Restraints of the Market

                  2.2.6.1. Concerns regarding the potential side effects related with the usage of beauty devices

      2.2.7. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. Regional Regulatory Affairs

3.2. Competitive Analysis

3.3. Investment Analysis

3.4. Recommendations

CHAPTER 4. Global Beauty Devices Market Size and Forecast (2013 – 2023)

4.1. The Global Beauty Devices Market, By Type

4.1.1. Hair removal devices

4.1.2. Cellulite reduction devices

4.1.3. Hair growth devices

4.1.4. Cleansing devices

4.1.5. Photo rejuvenation devices

4.1.6. Acne elimination devices

4.1.7. Dermabrasion devices

4.1.8. Others

4.2. Global Beauty Devices Market, By End-User

4.2.1. Salon

4.2.2. Spa

4.2.3. At Home

4.2.4. Others

4.3. Global Beauty Devices Market, By Region

4.3.1. North America

4.3.2. Europe

4.3.3. Asia-Pacific

4.3.4. South America

4.3.5. Rest of the World(RoW)

CHAPTER 5. Global Beauty Devices Market, By Geography

5.1. North America Beauty Devices Market

5.1.1. North America Beauty Devices Market, By Type

5.1.2. North America Beauty Devices Market, By End-User

5.1.3. North America Beauty Devices Market, By Country

   5.1.3.1. The U.S

           5.1.3.2. Canada

5.2. Europe Beauty Devices Market

5.2.1. Europe Beauty Devices Market, By Type

5.2.2. Europe Beauty Devices Market, By End-User

5.2.3. Europe Beauty Devices Market, By Country

   5.2.3.1. Germany

           5.2.3.2. France

           5.2.3.3. The U.K.

            5.2.3.4. Italy

            5.2.3.5. Spain

5.3. Asia-Pacific Beauty Devices Market

5.3.1. Asia-Pacific Beauty Devices Market, By Type

5.3.2. Asia-Pacific Beauty Devices Market, By End-User

5.3.3. Asia-Pacific Beauty Devices Market, By Country

   5.3.3.1. China

   5.3.3.2. Japan

   5.3.3.3. India

   5.3.3.4. Rest of Asia-Pacific

5.4. South America Beauty Devices Market

5.4.1. South America Beauty Devices Market, By Type

5.4.2. South America Beauty Devices Market, By End-User

5.4.3. South America Beauty Devices Market, By Country

    5.4.3.1. Brazil

     5.4.3.2. Rest of South America

5.5. Rest of the World (RoW) Beauty Devices Market

5.5.1. Rest of the World (RoW) Beauty Devices Market, By Type

5.5.2. Rest of the World (RoW) Beauty Devices Market, By End-User

5.5.3. Rest of the World (RoW) Beauty Devices Market, By Country

   5.5.3.1. South Africa

           5.5.3.2. Rest of RoW

CHAPTER 6. COMPETITIVE ANALYSIS

6.1. Porters Five Forces Analysis

6.1.1. Bargaining Power of Buyers

6.1.2. Bargaining Power of Suppliers

6.1.3. Threat of New Entrants

6.1.4. Intensity of Rivalry

6.1.5. Threat of Substitutes

CHAPTER 7. Key Players and Strategic Developments

7.1. L’Oréal Group

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Procter & Gamble

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Nu Skin Enterprises

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Carol Cole Company

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Home Skinovations Ltd

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. TRIA beauty, inc.

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Panasonic Corporation

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Koninklijke Philips N.V

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Syneron Medica

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. PhotoMedex, Inc.

 7.10.1. Business Overview

 7.10.2. Product and Service Offering

 7.10.3. Financial Overview

 7.10.4. Strategic Developments

CHAPTER 8. RESEARCH APPROACH

8.1. Initial Data Search

8.2. Secondary Research

8.3. Primary Research

8.4. Scope and Assumptions

Global Beauty Devices Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023