Asia Pacific Beauty Devices Market Scenario
MRFR estimates that Asia Pacific beauty devices market 2020 is poised to mature at a CAGR 8.2% over the prognosis period (2017-2023).
With growing popularity of beauty treatments and rapid expansion in technology, we are living in the age of gadgets. Beauty based innovations such as wrinkle eraser and temporary tightener made a jump from hospitals or salons to homes in recent years. An upsurge in the prevalence of skin and hair disorders, an increase in beauty treatment facilities popularity, an increase in geriatric population and an increase in health care spending are fostering growth in the Asia Pacific beauty devices industry.
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The study points out that this demand is increasing especially rapidly in China and India due to raising disposable incomes and high population growth. Despite the growing demand for beauty products, the industry of the same is still fraught with a variety of genuine issues.Devices for cellulite elimination, hair removal devices, acne devices, grooming devices, light / led therapy and video rejuvenation products are the main contributors to the region’s beauty products industry. Thanks to the broad customer base opting for personal and health services at spas and salons, the market for beauty products is projected to be the highest in the spas and salons. In addition, with technical advancements and handheld product growth, demand for home beauty products is projected to grow dramatically over the forecast era.
However Consumers are more concerned about side effects associated with usage of these devices and availability of alternative cheap products, which may hinder the growth to an extent.
Asia Pacific Beauty Devices Market Segmentation
The Asia Pacific beauty devices market is segmented on the basis of application, product type, and end users.
On the basis of product type, market is segmented into oral care, skin care, hair care, and others. Hair care product type is further segmented into hair growth devices, hair removal devices, hair styling devices, and others. Sub-segmentation of skin care includes cellulite reduction devices, light/LED and photorejuvenation therapy devices, acne removal devices, and others.
The application-based segmentation of this market comprises into commercial purpose, domestic purpose, and others.
The end-user type-based segmentation includes professional and personalized users.
Asia Pacific Beauty Devices Market Regional Overview
The Asia Pacific beauty products market is segmented by country into China, Japan , India, and the rest of Asia Pacific. China commands the largest market share in the Asia Pacific region, owing to enormous economic growth and increasing ageing population. It is also stated that the hair styling equipment market dominates this area, with particular focus on China, and Japan. Nevertheless, while newly launched beauty products are gaining approval, it is also noted that FDA and CFDA are implementing stringent compliance requirements for these products. The report points out that the demand for beauty products in China and India is increasing rapidly, leading to rising disposable incomes and high population growth. While Korea is known as the center of innovation; China and Japan have taken the lead in the beauty devices industry.
Asia Pacific Beauty Devices Market Competitive Dashboard
Some of the key player in the market are Nu Skin Enterprises Inc,(US), Home Skinovations Ltd.(Israel), Panasonic Corporation (Japan), Syneron Medical Ltd. (US), L’Oréal Group (France), TRIA Beauty Inc.(US), Procter & Gamble(US), and others.
With the changing developments in the demand for beauty products, it is noted that competition between the firms has intensified with the introduction of new advertisers, and is projected to have a significant effect on product costs. Existing larger retailers are extending their products of customized beauty care apps beyond specialist grooming apps and smaller businesses are joining the market with a strong emphasis on beauty care devices for home use.
Table Of Contents
- Report Prologue
2.2 Scope Of The Study
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
- Market Dynamics
- Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger And Acquisition Landscape
5.7 Upcoming Trends In Market
- Asia Pacific Beauty Devices Market, By Product Type
6.1 Hair Care
6.2 Skin Care
6.3 Oral Care
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