This report provides in-depth analysis and estimation of the beauty devices market for the period 2014 to 2020, considering 2013 as the base year of calculation.
New York, NY -- (SBWIRE) -- 04/14/2015 -- According to a new market report published by Persistence Market Research "Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020," the global beauty devices market was valued at USD 19,389.1 million in 2014 and is expected to grow at a CAGR of 18.7% from 2014 to 2020, to reach an estimated value of USD 54,186.9 million in 2020.
Browse the full Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/beauty-devices-market.asp
Globally, the beauty devices market is witnessing significant growth due to increasing aging population. In addition, rising personal care spending, increasing prevalence of skin diseases and harmful effect of ultra violet radiation are also fueling the growth of the market. However, risks and complications associated with beauty devices and extended availability of easy-to-use beauty products hampers growth of the global beauty devices market.
The global beauty devices market is expected to grow from an estimated USD 19,389.1 million in 2014 to USD 54,186.9 million in 2020 at a CAGR of 18.7% during the forecast period. North America is the largest market for beauty devices. Most commonly used in salons; hair removal devices are the most popular type of beauty devices. In terms of growth, Asia is the fastest growing region; at-homes make for the fastest growing usage area; while Light/LED therapy and photorejuvenation devices make for the fastest growing type of beauty devices.
Hair removal devices are used to remove and reduce unwanted hair painlessly without damaging the surrounding skin. The global hair removal devices market is expected to grow from an estimated USD 3,706.1 million in 2014 to USD 10,977.5 million in 2020 at a CAGR of 19.8% during the forecast period.
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The beauty devices market is segmented as follows:
1) Beauty devices market, by usage area
2) Beauty devices market, by type
Hair removal devices
Light/LED therapy and photo rejuvenation devices
Oxygen and steamer devices
Hair growth devices
Skin Derma rollers
Cellulite reduction devices
3) Beauty devices market, by geography
Rest of the World (RoW)
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