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Home-Use Beauty Devices Market is expected to grow at a CAGR of 25.6 % from 2023-2030

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david thamus
Home-Use Beauty Devices Market is expected to grow at a CAGR of 25.6 % from 2023-2030

According to a new report published by UnivDatos Markets Insights, the Home-Use Beauty Devices Market was valued at USD 12133.96 million in 2022 & is expected to grow at a CAGR of 25.6 % from 2023-2030. The analysis has been segmented into Emphasis on Type (Hair Removal, Cleansing, Acne Treatment, Light-Emitting Diode (Led) Therapy and Photorejuvenation, Oxygen/Facial Steaming, Hair Growth, Others); Technology (Laser/ Light, Vibration, Rf Energy, Nano-Iconic, Microneedling, Electroporation); End User (Beauty Salons, Specialty Stores, Online Channels, Others); Region/Country.

The home-use beauty devices market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the home-use beauty devices market. The home-use beauty devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the home-use beauty devices market at the global and regional levels.

Request for Sample Pages - https://univdatos.com/get-a-free-sample-form-php/?product_id=43920

Key Market Dynamics

This is mainly due to the rising prevalence of skin diseases, the surging geriatric population, growing hormonal disorders, and rising awareness regarding beauty devices coupled with the growing focus of major stakeholders in the beauty industry to adopt to make beauty products more sustainable with no side effects and eco-friendlier. Major beauty companies are investing heavily in their products due to rising appearance consciousness and the rising incidence of skin illnesses. As per the US census bureau, the female population around 50% of women aged between 30 and 44 years in 2020. Furthermore, various factors such as hormonal imbalance can cause conditions like hirsutism which is responsible for excessive body hair growth and significantly contributes to the market for aesthetic devices. Therefore, the market for home-use beauty devices is expected to witness significant growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic has adversely impacted the global beauty industry. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. As a result, end-user industries such as beauty salons, specialty stores, online channels, and others had to terminate their operations. This, in turn, many people to lose their jobs. Moreover, people were forced to stay home, which reduced their need to look good and young to some extent. These factors have negatively impacted the home-use beauty devices industry.

The global home-use beauty devices market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on type, the market is classified into hair removal, cleansing, acne treatment, light-emitting diode (led) therapy and photo rejuvenation, oxygen/facial steaming, hair growth, and others. Amongst these, the light-emitting diode (led) therapy and photo rejuvenation segment dominated the market in 2022.

·        Based on technology, the market is categorized into laser/ light, vibration, RF energy, nano-iconic, micro-needling, and electroporation. Among these, micro-needling held a significant share of the market in 2022.

Home-use beauty devices Market Geographical Segmentation Includes:

·        North America (U.S., Canada, and the Rest of North America)

·        Europe (Germany, U.K., France, Italy, Spain Rest of Europe)

·        Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)

·        Rest of the World

North America is expected to witness a significant CAGR during the forecast period on account of growing various beauty devices and skin treatment activities in countries like the U.S. and Canada. The endorsement by Hollywood stars also significantly contributed to the considerable growth of the state in the U.S. beauty devices market. Increased consumer awareness regarding the availability of various beauty devices and skin treatments like skin rejuvenation. Furthermore, the increasing geriatric population and new product launches, and various developmental strategies adopted by the regional market will drive market growth.

Click here to view the Report Description & TOC - https://univdatos.com/report/home-use-beauty-devices-market-2/

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the home-use beauty devices market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.

Recent Developments:

·        In March 2022, L'Oréal announced a new investment in a venture led by Geno, a biotechnology company, to create sustainable alternatives to key ingredients in beauty products. L'Oréal will be a founding member of the venture alongside Unilever and Kao.

·        In July 2021, NuFACE® launched the latest skincare innovation with IonPlex™ Ionized Skincare Activators—a unique blend of electrically charged ions and glacial water that deliver a surge of active ingredients for optimal microcurrent results and healthy, younger-looking skin.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the home-use beauty devices market?

• Which factors are influencing the home-use beauty devices market over the forecast period?

• What are the global challenges, threats, and risks in the home-use beauty devices market?

• Which factors are propelling and restraining the home-use beauty devices market?

• What are the demanding global regions of the home-use beauty devices market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

• What are the descriptive profiles of key companies along with their SWOT analysis?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs. 

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