Global Beauty Device Market by type (hair removal devices, cleansing devices, acne devices, light/LED therapy and photo rejuvenation devices, oxygen & steamer devices, hair growth devices, skin dermal rollers and cellulite reduction devices) by Application (salon, spa, at home and others) Size, Share, Development, Growth and Demand Forecast, 2018- 2024
- Published Date: September 2018
- Report ID: BWC1819
- Available Format: PDF
- Page: 100
Report Overview
Global Beauty Device Market: Outlook
Global Beauty Device Market report provides analysis for the forecast period 2018–2024. The market study reveals that the market is projected to grow with a CAGR over 19.14% during the anticipated period in terms of value. The market is expected to reach over USD 106.314 billion by 2024. The given market growth is influenced by increasing inclination of consumers towards beauty devices which are easy to use at home, launch of innovative products and increasing utilization of electronic beauty devices. Moreover, consumer’s increasing dependency on electronic products will significantly drive the electronic beauty devices over the forecast period.
The market overview section of the report demonstrates market dynamics such as trends, drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global beauty device product.
Global Beauty Device Market: Scope of the Report
On the basis on the type of products, the global beauty device market is segmented into hair removal devices, cleansing devices, acne devices, light/LED therapy and photo rejuvenation devices, oxygen & steamer devices, hair growth devices, skin dermal rollers, cellulite reduction devices, and others. Based on application, the beauty devices market is segmented into salon, spa, at home and others. Finally, the report covers the analysis of these segments across based North America, Europe, Asia-Pacific and Rest of the World along with the qualitative analysis for market estimates that boosts the growth of the global beauty device market during the forecast period. Among different regions, the largest market is North America, while the fastest growing market for the Beauty Device is Asia-Pacific. The report also highlights the competitive landscape of the global beauty device market that includes the company overview, the products & offerings, strategic decisions taken by the company, launch of new products and financial highlights.
Global Beauty Device Market: Key Stakeholders
· Beauty devices manufacturing companies
· Suppliers and distributors of beauty devices
· Hospitals, surgical centres, cosmetic clinics, retailers and consumers
· Market research and consulting firms
· Government bodies and municipal corporations
Global Beauty Device Market: Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Beauty Device Market Size, Share, Development, Growth and Demand Forecast to 2024” are:
· Beauty devices manufacturing companies
· Suppliers and distributors of beauty devices
· Hospitals, surgical centres, cosmetic clinics, retailers and consumers
· Market research and consulting firms
· Government bodies and municipal corporations
Global Beauty Device Market: Research Methodology
The research was conducted covering the desk research and primary research. Extensive secondary research was conducted using paid data sources, including Bloomberg, Factiva, OneSource, and Hoovers. Additionally, several publicly-available data sources were used, including American Geriatrics Society (AGS), Bureau of Labour Statistics (BEA), Centres for Disease Control and Prevention (CDC), Organization for Economic Co-operation and Development (OECD), United Nations Department of Economic and Social Affairs (UN-DESA), The World Bank, and various journals. These data sources were used to gather industry related information to develop an understanding of beauty devices. Data sources used for primary research included, but were not limited to, distributors, manufacturers, physicians, cosmetic surgeons, store managers, suppliers and various salon and spa owners. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.
Global Beauty Device Product Market: Research Summary
The global beauty device market is growing at a significant rate due to the increased utilization of electronic products for enhancing beauty and treating beauty related problems. Various beauty devices manufactured to meet the need of self-grooming population will accelerate the market growth over the forecast period. Beauty devices can help to treat skin diseases and minimizing the effect of ultraviolet radiation. However, prevailing traditional and cheap beauty products may impact market growth. United States was the largest country for global beauty device market, which holds significant market share in 2017 and is expected to continue being the largest market during the forecast period.
The demand for beauty device is expected to grow at a faster rate owing to shift in consumer preferences toward the need to improve appearance and confidence during the anticipated time frame. Asia Pacific is likely to witness significant growth in terms of revenue. Countries such as India, South Korea, China, Japan, Thailand, etc. will significantly contribute to the global beauty device market.
Global Beauty Device Product Market: Competitive Dynamics
The global beauty device product market is dominated by a number of players, amongst them the prominent players are Panasonic Corporation, Lumenis Ltd, Nu Skin Enterprises Inc, TRIA Beauty Inc, Home Skinovations Ltd, The Procter & Gamble Company, Koninklijke Philips N.V., YA-MAN LTD, MTG Co. Ltd, Carol Cole Company, L’Oreal SA, etc.
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market segmentation by type
1.3.2 Market segmentation by application
1.3.3 Market segmentation by geography
1.3.4 Analysis period
1.3.5 Market data reporting unit
1.3.5.1. Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of primary research respondents
2.2.2 By region
2.2.3 By industry participants
2.2.4 By company type
2.3 Market Size Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
3.1 Key Findings
3.2 Research Summary
Chapter 4. Introduction
4.1 Market Segmentation
4.1.1 Overview by type of device
4.1.1.1 Hair removal devices
4.1.1.2 Cleansing devices
4.1.1.3 Acne devices
4.1.1.4 Light/LED therapy and photorejuvenation (LT&P) devices
4.1.1.5 Oxygen & steamer devices
4.1.1.6 Hair growth devices
4.1.1.7 Skin dermal rollers
4.1.1.8 Cellulite reduction devices
4.1.1.9 Others
4.1.2 Overview by application
4.1.2.1 Salon
4.1.2.2 Spa
4.1.2.3 At Home
4.1.2.4 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Introduction of newly launched products
4.2.1.2 Amplifying usage of electronic beauty devices
4.2.1.3 At-home beauty devices are gaining popularity due to its easy to use feature
4.2.2 Drivers
4.2.2.1 Increasing geriatric population
4.2.2.2 Increasing ascendancy of skin diseases
4.2.2.3 Increase in disposable income leading to rise in spending on personal care
4.2.2.4 Increasing hormonal disorders leading to abnormal hair loss and hair growth
4.2.2.5 Growing appearance consciousness leading to beauty devices
4.2.2.6 Impact analysis of drivers on market forecast
4.3 Factors Hindering the Market and its Impact on Market Forecast
4.3.1.1 Allied health hazards with beauty devices
4.3.1.2 Prevailing traditional and cheap beauty products
4.3.1.3 Elevated prices of beauty devices
4.3.1.4 Impact analysis of restraints on market forecast
Chapter 5. Market Size and Forecast by Type
5.1 Global Hair Removal Devices Market
5.1.1 Global hair removal devices market, by region
5.2 Global Cleansing Devices Market
5.2.1 Global cleansing devices market, by region
5.3 Global Acne Devices Market
5.3.1 Global acne devices market, by region
5.4 Global Light/LED Therapy and Photorejuvenation Devices Market
5.4.1 Global light/LED therapy and photorejuvenation devices market, by region
5.5 Global Oxygen and Steamer Devices Market
5.5.1 Global oxygen and steamer devices market, by region
5.6 Global Hair Growth Devices Market
5.6.1 Global hair growth devices market, by region
5.7 Global Skin Dermal Rollers Market
5.7.1 Global skin dermal rollers market, by region
5.8 Global Cellulite Reduction Devices Market
5.8.1 Global cellulite reduction devices market, by region
Chapter 6. Market Size and Forecast by Application
6.1 Global Beauty Devices Market in Salon
6.1.1 Global beauty devices market in salon, by region
6.2 Global Beauty Devices Market in Spa
6.2.1 Global beauty devices market in spa, by region
6.3 Global Beauty Devices Market at Home
6.3.1 Global beauty devices market at home, by region
Chapter 7. Global Beauty Devices Market, by Geography
7.1 North America Beauty Devices Market
7.1.1 North America beauty devices market, by type
7.1.2 North America beauty devices market, by application
7.1.3 North America beauty devices market, by country
7.1.3.1 U.S. beauty devices market
7.1.3.1.1 U.S. beauty devices market, by application
7.1.3.2 Canada beauty devices market
7.1.3.2.1 Canada beauty devices market, by application
7.2 Europe Beauty Devices Market
7.2.1 Europe beauty devices market, by type
7.2.2 Europe beauty devices market, by application
7.2.3 Europe beauty devices market, by country
7.2.3.1 Germany beauty devices market
7.2.3.1.1 Germany beauty devices market, by application
7.2.3.2 France beauty devices market
7.2.3.2.1 France beauty devices market, by application
7.2.3.3 Italy beauty devices market
7.2.3.3.1 Italy beauty devices market, by application
7.2.3.4 Spain beauty devices market
7.2.3.4.1 Spain beauty devices market, by application
7.2.3.5 U.K. beauty devices market
7.2.3.5.1 U.K. beauty devices market, by application
7.3 Asia Beauty Devices Market
7.3.1 Asia beauty devices market, by type of device
7.3.2 Asia beauty devices market, by application
7.3.3 Asia beauty devices market, by country
7.3.3.1 China beauty devices market
7.3.3.1.1 China beauty devices market, by application
7.3.3.2 Japan beauty devices market
7.3.3.2.1 Japan beauty devices market, by application
7.3.3.3 India beauty devices market
7.3.3.3.1 India beauty devices market, by application
7.4 Latin America (LATAM) Beauty Devices Market
7.4.1 LATAM beauty devices market, by type
7.4.2 LATAM beauty devices market, by application
7.4.3 LATAM beauty devices market, by country
7.4.3.1 Brazil beauty devices market
7.4.3.1.1 Brazil beauty devices market, by application
7.5 Rest of the World (RoW) Beauty Devices Market
7.5.1 RoW beauty devices market, by type of device
7.5.2 RoW beauty devices market, by application
Chapter 8. Competitive Analysis
8.1 Porter’s Five Forces of Competitive Position Analysis
8.1.1 Bargaining power of buyers
8.1.2 Bargaining power of suppliers
8.1.3 Threat of new entrants
8.1.4 Intensity of rivalry
8.1.5 Threat of substitutes
8.2 Competitive Positioning of Key Players in the Global Beauty Devices Market
8.3 Global Strategic Developments
8.3.1 Merger & acquisition
8.3.2 Partnership/collaboration
8.3.3 Product launch & approval
Chapter 9. Company Profiles and Strategic Developments
9.1 Key Company Profiles
9.1.1 L’Oreal SA
9.1.2 Business overview
9.1.3 Product and service offerings
9.1.4 Nu Skin Enterprises, Inc.
9.1.5 Business overview
9.1.6 Product and service offerings
9.2 Panasonic Corporation
9.2.1 Business overview
9.2.2 Products and services
9.3 Home Skinovations, Ltd.
9.3.1 Business overview
9.3.2 Products and services
9.4 Photomedex Inc.
9.4.1 Business overview
9.4.2 Product and service offerings
9.5 Carol Cole Company
9.5.1 Business overview
9.5.2 Products and services
9.6 Lumenis Ltd.
9.6.1 Business overview
9.6.2 Product and service offerings
9.7 The Proctor & Gamble Company
9.7.1 Business overview
9.7.2 Product and services offerings
9.8 Syneron Medical Ltd.
9.8.1 Business overview
9.8.2 Product and service offerings
9.9 TRIA Beauty, Inc.
9.9.1 Business overview
9.9.2 Products and services
9.10 Koninklijke Philips N.V.
9.10.1 Business overview
9.10.2 Products and services
Chapter 10. Appendix
10.1 List of Abbreviations
Market Segmentation
1. Research Methodology
2. Regional Split of Primary & Secondary Research
3. Secondary Research
The research process began with obtaining historical market sizes of the entire beauty device market and the share of each type of segmentation, through exhaustive secondary research to understand the potential of the market under the prevailing market environment during the past years. The growth rate of the market and its segments was studied with a comparative approach to understand the impact of factors that shaped the market during the recent past.
The next step involved the study of present market environment that is influencing the beauty device market and its expected long-term impact. Weightage was given to several forces that are expected to affect the home security market, during the forecast period. Based on the interim analysis, the market numbers were formulated for each of the forecast years for every segment.
4. Primary Research
Various industry experts including CEOs, presidents, vice presidents, directors, sales managers, products managers, organization executives and other key people of the global beauty device market were interviewed. The third step involved validation of hypothesis through segmented primary research with the key opinion leaders in the industry, including the company representatives, experts from distributer agencies, service providers and other industry experts. The primary research helped in assessing the gathered and assumed data with the real-time experience of industry representatives. This also led to modification in certain assumptions that were taken during the process of preliminary research. The analysts arrived at solid data points after the completion of primary research process.
In the fourth step, the market engineering was conducted, where the data points collected through secondary and primary sources were compiled to compute the final market sizes.
4.1 Breakdown of Primary Research Respondents, By Region
4.2 Breakdown of Primary Research Respondents, By Industry Participants
5. Market Size Estimation
Top-down approach has been followed to obtain the market size by country. Bottom-Up approach has been followed to obtain market size by type of devices and by application.
An amalgamation of bottom-up and top-down approach has been performed to determine the revenue.
6. Assumptions for the Study
- The macro-economic factors would remain same during the forecast period.
- The market players would exhibit consistent performance during the forecast period without having any adverse ripple effects on the industry.
7. Market Breakdown & Data Triangulation
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