Impact of COVID-19 on the Beauty Devices Industry, 2020-2030 - Featuring Company Profiles of 24 Major Market Players
DUBLIN, July 22, 2020 /PRNewswire/ -- The "Beauty Devices Market Research Report: By Type, Usage - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The soaring geriatric population in several countries is one of the biggest factors propelling the demand for beauty care products and devices across the globe.
In the developing nations such as India and China, the geriatric population is expected to be much higher than that in the developed countries. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total population of people in China India, and Brazil having ages above 60 years are expected to rise to 437 million, 324 million, and 58 million respectively, by 2050.
There are various types of beauty devices commonly used throughout the world - cleansing, hair removal, acne, hair growth, light/LED therapy and photorejuvenation, oxygen and steamer, dermal rollers, and cellulite reduction. Amongst these, light/LED therapy and photorejuvenation devices are expected to record the fastest growth in demand during the forecast period, primarily for pigmentation, age spots, blemishes, sun-induced freckles, wrinkles, and fine lines.
The most major trends currently being witnessed in the beauty devices market are the rising utilization of electronic beauty devices and increasing development of technologically innovative products. Due to the frequent launch of technologically advanced beauty devices, dermatologists, clinicians, and aestheticians are able to better treat various skin problems and ailments such as improving skin textures, reducing the signs of ageing, and removing spots. For instance, Nu Skin Enterprises Inc. developed the ageLOC LumiSpa, which is a rechargeable and waterproof handheld personal skin care cleansing device, in January 2018.
Globally, North America is anticipated to register the highest usage of beauty devices in the coming years. This is mainly ascribed to the greater spending capacity of people in this region on personal care and beauty devices owing to their high disposable income.
Furthermore, the rising prevalence of skin diseases and the increasing awareness about skin care and skin problems amongst the people in this region are expected to significantly boost the usage of beauty devices in the region over the next few years. Hence, it can be concluded that owing to the rising incidence of skin problems, increasing consumer awareness about skin ailments, and rapid development of advanced personal and beauty care products, the demand for beauty devices will surge in the coming years.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Hair removal
4.1.1.2 Cleansing
4.1.1.3 Acne treatment
4.1.1.4 LED therapy and photorejuvenation
4.1.1.5 Oxygen/facial steaming
4.1.1.6 Hair growth
4.1.1.7 Dermarolling
4.1.1.8 Cellulite reduction
4.1.1.9 Others
4.1.2 By Usage
4.1.2.1 Salon
4.1.2.2 Spa
4.1.2.3 At-home
4.1.2.4 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Introduction of New Products
4.2.1.2 Rising Inclination for Improved Appearance
4.2.1.3 Growing Popularity of Home-Use Beauty Devices
4.2.2 Drivers
4.2.2.1 Surging Geriatric Population
4.2.2.2 Increasing Prevalence of Skin Problems
4.2.2.3 Rising Disposable Income
4.2.2.4 Growing Prevalence of Hormonal Disorders
4.2.2.5 Increasing Awareness About Beauty Devices
4.2.2.6 Impact Analysis of Drivers on Market Forecast
4.2.3 Restraints
4.2.3.1 Risks Associated With the Use of Beauty Devices
4.2.3.2 Lack of Reimbursement Policies
4.2.3.3 High Cost of Beauty Devices
4.2.3.4 Impact Analysis of Restraints on Market Forecast
4.2.4 Opportunities
4.2.4.1 Emerging Economies Are Key Opportunities Area for Market Players
4.3 Porter's Five Forces Analysis
4.4 Impact of COVID-19
Chapter 5. Global Market Size and Forecast
5.1 Overview
5.2 Beauty Devices Market, By Type
5.3 Beauty Devices Market, By Usage
5.4 Beauty Devices Market, By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Top Brands/Products, By Country
11.1.1 US
11.1.2 Canada
11.1.3 Germany
11.1.4 France
11.1.5 UK
11.1.6 Italy
11.1.7 Spain
11.1.8 Russia
11.1.9 China
11.1.10 Japan
11.1.11 South Korea
11.1.12 Thailand
11.1.13 Malaysia
11.1.14 Indonesia
11.1.15 Brazil
11.1.16 Mexico
11.1.17 Chile
11.1.18 Iran
11.1.19 UAE
11.2 Strategic Developments of Key Players
11.2.1 Product Launch and Approval
11.2.2 Mergers and Acquisitions
11.2.3 Partnership and Expansion
Chapter 12. Company Profiles
12.1 Panasonic Corporation
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.2 Lumenis Ltd.
12.3 Nu Skin Enterprises Inc.
12.4 TRIA Beauty Inc.
12.5 Home Skinovations Ltd.
12.6 Carol Cole Company Inc.
12.7 L'Oreal SA
12.8 Candela Corporation
12.9 YA-MAN Ltd.
12.1 MTG Co. Ltd.
12.11 Koninklijke Philips N.V.
12.12 LightStim
12.13 Spectrum Brands Holdings Inc.
12.14 Conair Corporation
12.15 Amorepacific Corporation
12.16 Project E Beauty
12.17 Dr. Dennis Gross Skincare LLC
12.18 Beauty Bioscience Inc.
12.19 FOREO AB
12.20 Cyden Limited
12.21 Alma Lasers Ltd.
12.22 Jeisys Medical Inc.
12.23 Imdad LLC
12.24 The Procter & Gamble Company
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