Global Beauty Devices to Cross USD 94.35 Bn by 2023, Forecasts P&S Market Research in Its In-Demand Study Available at MarketPublishers.com28 Jun 2017 • by Natalie Aster
LONDON – Over 2017-2023, the world’s beauty devices market is poised to increase at a considerable CAGR of slightly over 19%. By the year 2023, the value of this market is anticipated to surpass USD 94.35 billion. Some of the important market growth drivers include rising prevalence of skin diseases, rapidly aging population, rising incidence of hormonal disorders and escalating disposable income. However, there are also certain factors that restrain the market growth, for example, availability of traditional and cheaper beauty products, and risks associated with the usage of some beauty devices.
As of 2016, the hair removal devices sector captured the biggest share of the overall beauty devise market. This is attributed primarily to the rising availability of user-friendly shavers and epilators. The hair removal sector is poised to see a remarkable upturn through 2023, and it will likely perform as the key growth booster of the world’s beauty devices market.
Amid all applications, the beauty devices used at home are predicted to increase at the highest rate through 2023.
The in-demand topical study “Global Beauty Devices Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Type of Device and by Application (Salon, Spa, At Home and Others)” prepared by P&S Market Research offers a clear understanding of the world’s market landscape and provides updated reliable info on the market performance at different geographical scales. Furthermore, dynamics and segmentation of the beauty devices market is thoroughly covered in this report along with relevant info on the major market growth limiters and drivers. This report highlights the prevailing trends, identifies the emerging opportunities and discusses the major growth challenges. Additionally, this report includes an insightful overview of the competitive environment and an all-round future outlook through 2023.
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