Hair Care Segment to Lead Global Beauty Devices Market till 2024
Growing
beauty consciousness along with rising awareness about beauty devices to drive
global beauty devices market through 2024
According to TechSci Research
report, “Global Beauty
Devices Market By Purpose, By Distribution Channel, By Region, By Company,
Competition, Forecast & Opportunities, 2024”, global
beauty devices market is projected to grow at a CAGR of 5.87% during 2019-2024,
on the back of rapid innovations in the skin care and hair care related
industry. Moreover, growing consumer demand for portable devices is further positively
impacting the growth of the beauty devices market. Additionally, increasing
demand for high-quality hair care and hair removal devices and the speedily
growing online stores are some other factors that are anticipated to
contributing to the growth of beauty devices market during the forecast period.
Also, the increasing demand for devices used in the treatment of skin diseases
such as acne, psoriasis, and atopic dermatitis has been crucial in expanding
the market’s operation.
Browse 110 market data Figures
spread through 147 Pages and an in-depth TOC on "Global
Beauty Devices Market"
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In terms of distribution channel, the beauty devices market
is categorized into store-based retail and non-store-based retail. Store-based
retail accounted for the majority share of global beauty devices market in
2018. Non-store-based retail is also witnessing a healthy growth owing to
growing popularity of the e-commerce market. Moreover, e-commerce and
technology are transforming this category with new user experiences, where
luxury brands and small start-ups alike are racing to embrace e-commerce,
making this channel even stronger.
In terms of region, the
global beauty devices market is categorized into North America, Asia-Pacific,
Europe, Middle East & Asia and Latin America. Asia-Pacific and North
America accounted for over 70% of the global beauty devices market in 2018 on
account of presence of major manufacturers in the regions and availability of a
greater number of products, especially in North America. Among the countries in
North America, United States accounted for more than half of the North America beauty
devices market in 2018. The dominance of US beauty devices market is majorly
due to the wide acceptance of technologically advanced products and the
presence of major industry players in the country.
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“Global beauty devices market
is anticipated to register a steady growth during forecast period. The growth
in the market is led by technological advancements with innovative and
customizable products being launched on regular basis across the globe.
Moreover, increasing working women population, rising beauty consciousness and growing
inclination towards premium personalized products across regions would further
steer growth in global beauty devices market.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Beauty Devices
Market By Purpose, By Distribution Channel, By Region, By Company, Competition,
Forecast & Opportunities, 2024”, has evaluated the future
growth potential of global beauty devices market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in global beauty devices market.
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