Data bridge market research’s following report shows the CAGR values for the notable years 2018 and the base year 2019.This geological constituents of this report are North America, Europe, Asia Pacific, the Middle East and Africa. The SWOT investigation shows an exhaustive diagram of the key market players who are coordinating acquisitions and consolidations, new item dispatch, joint endeavors, innovative work, and commonplace augmentation. Variables that significantly add to the upgrade of the Beauty Devices market are the information on market definition, orders, applications, and market trends.The forecast period 2020-2027 is relied upon to be extraordinary for the Beauty Devices market, particularly for the medical Devices business. The business, import, export, income and CAGR values have additionally considered a to be negligible change as the quantity of start to finish clients is expanding generally.
Beauty devices market is expected to rise to an estimated value of USD 166.06 billion by 2026 registering a healthy CAGR of 19.57% in the forecast period of 2019-2026.
Some of the major players operating in global beauty devices market are Procter & Gamble, Valeant pharmaceuticals, CM International S.A., doctorstech, iBeautyMachine, Japan Gals co.,ltd., Tech4beauty International, SharpLight Technologies Ltd., Termosalud, Silkn.com, Syneron Medical Ltd, RÖS’S, Healux Corporation, Lumenis Ltd., Panasonic Corporation, Photomedax Inc., NuFACE, Koninklijke Philips N.V., Tria, Grandway beauty, LUMSAIL and Thrice corporation among others.
Trending Beauty Devices Market Developments in 2019
- In August 2019, Bod, an Australia based medicinal marijuana company has collaborated with UTS the University of Technology Sydney for producing an ant-aging skin cream by infusing cannabidiol (CBD) a non-psychotic compound found in cannabis. The acquisition of these two companies accompanied by Greenfield MC Cultivation which is licensed cannabis importer in Australia will enroll Asia-Pacific exporters for developing the anti-aging cream.
- In March 2019, Church & Dwight Co., has partnered with Ideavillage Products Corporations in order to acquire the brands “Flawless” including “Finishing Touch” manufacturer of hair removal product.. Flawless is renowned company for manufacturing women’s electric hair removal devices and products. This recent takeover will channelize the revenue flow in the global market of beauty devices.
Segmentation: Global Beauty Devices Market
By Product Type
( Hair Removal Devices, Cleansing Devices, Acne Devices, Rejuvenation Devices, Light/LED Therapy and Photorejuvenation Devices, Oxygen and Steamer Devices,Hair Growth Devices, Skin Derma Rollers, Cellulite Reduction Devices)
(Domestic Purpose,Commercial Purpose,Others)
By End User
(Hospitals,Clinics,Dermatology Clinics,Skin And Beauty Clinics,Cosmetic Centers)
(North America,South America,Europe,Asia-Pacific,Middle East and Africa)
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Benefits of the report for Beauty Devices market
- What are the challenges being faced by the new entrants
- Drivers and restrains of the market
- Key developments in the market
- Market volume
- CAGR value for the forecast period 2019-2026
Increasing geriatric population drives the market
Rising demand for anti-aging products and devices among population will drive the market growth
Rising lifestyle quotient are factor which led to market expansion
Growing technological advancement and development is driving the market
Availability of cheaper beauty products in the market is restraining the market growth
High cost of these beauty products will also act as a restraint for the market.
Key Developments in the Market:
In April 2017, Channel Investments announced its acquisition of TRIA Beauty and Iluminage Beauty which is global leader in beauty and skin care. This acquisition will build brand image, help in formulating expansion strategy, able to serve better, improve profitability and performance of channel investments in the industry.
In January 2017, L’Oréal a France announced its acquisition with Valeant to acquire the skincare brands CeraVe, AcneFree and Ambi. Such acquisition will benefit L’Oréal in expanding its product portfolio, provide better consumer experience, and enable competitive advantage with faster growth. These three brands will help them to meet the growing demand for active skincare among population.
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