Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global beauty devices market. In addition, complete analysis of changes on the global beauty devices market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The key factor propelling the growth of beauty devices market is the growing occurrence of skin diseases, increase in the aging population, and the harmful effects of ultraviolet radiation, these are the driving factor which is increasing the growth of beauty deceive market. Moreover, the beauty devices provide a youthful skin. It helps with ageing and reduces skin tightening. Skin revitalization is one of the common effects of beauty devices. Further, increasing hormonal disorder is a crucial driver for the market. Due to lifestyle changes and other factors, there are hormone problems in individuals. It causes severe outbreaks of acne and other skin problems. Furthermore, hair fall, hair damage, split-end, skin pigmentation, redness, blackheads and acne can affect appearance. For all these conditions beauty deceive the market to offer exceptional services. All these factors increase production and profitability in the market.
The major opportunity for beauty devices market is he launch of a new product will create market growth opportunities. The beauty devices market has plenty of new developments. The launch of LE therapy can lead to remarkable demand in the forecast period. Further, the research and development in beauty devices is huge and the market is expected to increase during the forecast period. These factors are expected to drive the market growth and create new growth opportunities for the market.
The restraints factor for the beauty devices market is due to the competition in the market is increasing every year. Many alternatives in the market are restraining the growth of the beauty devices market. There are both low cost and expensive alternatives. Beauty devices with high costs come with exceptional qualities. However, the low-cost alternatives are poor in quality. These factors are expected to restrain the growth of market.
The COVID-19 pandemic has disrupted global supply chain networks in an unprecedented way. Supply-demand imbalances have pushed manufacturers across sectors to grapple with multiple challenges including some of the common side effects are scarring, edema, burns and ecchymosis. These side effects can be damaging for the overall market growth. The customers remain hesitant about beauty devices due to the side effects.
The report provides in-depth analysis of global beauty devices market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various beauty devices. Market in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The global beauty devices market comprises of different market segment like type, mode of operation, application, and distribution channel.
The different type studied in the global beauty devices market are hair care, skin care and oral care. As growing prevalence of skin and hair problems, photo aging of hair and skin, is rising due to extreme exposure to UV radiation and pollution, which results in hair loss, reduced skin elasticity, and sunburns is fueling the market demand for beauty devices.
The beauty devices market by form includes various segment like electric, battery operated, manual. many skin-care devices are purely helpful for the healthy skin it including facial brushes to get a deeper clean and red-light helmet to promote hair growth including these devices use various forms of energy like LED light or microcurrent technology and it helps to improve skin texture. Manual tools (like gua sha stones) are the most trending and demanding in the manual segment in the market. Manual type of skin care is also demanding in the beauty devices market. Some of the devices in manual is less in cost so the demand for manual has increased and it’s expected to increase during the forecast period.
The beauty devices market by application includes various segment like salon, spa, and home. Salon, Spa segment is expected to increase the market growth during the forecast period. Owing to the factors can be attributed to the increasing awareness of beauty treatments, upsurge in disposable income, and rise in the number of salon & spa. Increasing attraction towards spa due to its benefits the demand for the spa has increased.
The beauty devices market by distribution channel includes various segment like direct sales, retai , E-commerce. Direct sale is expected to growing segment due to increasing demand for the devices with warranty and quality of product from the customer. Furthermore, the E-commerce segment is rapidly increasing owing to highest influencing advertisement and increasing e- commerce shopping these segments is expected to increase and likely to dominate during the forecast period.
The global beauty devices market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). North America is likely to gain major market share and maintain its dominance over the estimated time period. Owing to the developed beauty technology in this region is a high demand factor. As per the US medical journal, the PCOS population and geriatric population is surging. It is leading to substantial demand for beauty devices. The demand in the Asia Pacific region has significantly increased with the advent of less expensive beauty devices, availability of multinational brands, and increased standard of living. Furthermore, in Europe, the demand is increasing with the rise in the aging population. These are the driving factors which is expected to increase the growth of global beauty devices market.
The competitive landscape analysis of Beauty Devices Market is certainly based range of market players operating in the healthcare market with increasing demand for production of beauty devices market. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are L’Oreal Group, Panasonic Corporation, Procter & Gamble Company, Carol Cole Company, Bausch Health Companies Inc., Nu Skin, CANDELA CORPORATION, Silk’n, TRIA BEAUTY, Curallux LLC., Termosalud, FOREO, Tech4Beauty, among others.
Beauty devices provide benefits in the treatment of these problems and issues and make skin healthy. These devices are simple to use and convenient. They can treat dermal conditions with high efficiency. Additionally, beauty devices help in providing immediate results, in case of treating wrinkles and blemishes. Beauty devices are classified into acne devices, hair removal devices, hair growth devices, cleansing devices, oxygen & steamer devices, rejuvenation devices, and others. They are used in salon, spa, home, and others. They can treat, enhance and boost skin appearance. There are beauty devices for skin, hair, hand, feet and more. The hair beauty devices can open hair follicles, clean, repair and strengthen the hair. All these exceptional features of beauty devices incline most of the population towards the market. All these factors will bring have a positive impact on the beauty devices market.
The global beauty devices market comprises of different market segment like type, mode of operation, application, and distribution channel. The different type studied in the global beauty devices market are hair care, skin care and oral care. The beauty devices market by mode of operation includes various segment like electric and battery operated, manual. The beauty devices market by application includes various segment like salon, spa, and home. By distribution channel, the segment includes direct sales, retail, E-commerce. The global beauty devices market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Europe is likely to gain major market share and maintain its dominance over the estimated time period.
1) What are the drivers for beauty devices market?
The key driving factors of the market are rising consumer expenditure on beauty and cosmetics are propelling the market growth.
2) Which type segment is expected to dominate in the market?
Skin care is expected to witness increasing demand for beauty devices market.
3) Which is the leading application segment for beauty devices market?
Spa segment is expected to the major market share, and is expected to witness the growth at highest pace during the forecast period.
4) Which region is gaining majority of market share during the forecast period (2022-2028)?
North America is expected to gain major market share during the forecast period (2022-2028).
