Asia Pacific Beauty Devices Market Research- Forecast Till 2027

Asia Pacific Beauty Devices Market Information, By Product (Hair Care, Skin Care and Oral Care), Application (Domestic Purpose, Commercial Purpose, and others), End Users (Professional and Personalized) - Forecast Till 2027

ID: MRFR/MED/0192-HCR | February 2023 | Region: Bric | 100 Pages         

Asia Pacific Beauty Devices Market

Asia Pacific Beauty Devices Market is anticipated to grow at a CAGR of 16.6% during the forecast period.

Segmentation
By Product Hair Care Skin Care Oral Care
Application Domestic Purpose Commercial Purpose others
End Users Professional Personalized
Key Players
Companies Profiled   L’Oréal Group   Nu Skin Enterprises Inc   Panasonic Corporation   Syneron Medical Ltd    Home Skinovations Ltd   TRIA Beauty Inc   Procter & Gamble
Drivers
Market Driving Forces   Increasing prevalence of skin and hair problems   Rising geriatric population
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Asia-Pacific Beauty Devices Market Overview

The Asia-Pacific beauty devices market is expected to gain a market value of USD 20,000.94 million by 2030 at a CAGR of 16.6% from 2022-2030.


Beauty devices are products that enhance, beautify, and rejuvenate human skin. They all contain skin-rejuvenating ingredients that work to make the skin have a more youthful appearance. Beauty devices fall into the skincare category. They are used for body contouring, cellulite reduction, and skin firming.


The drivers of the beauty devices market are the need for effective and convenient beauty treatments, the growing awareness of the benefits of using beauty devices, and the increasing disposable incomes of consumers. The need for effective and timely beauty treatments is the primary driver of the market, as consumers are always looking for products that can help them achieve the desired results without spending too much time or money.


COVID-19 Analysis


The pandemic has negatively impacted the market. There was a decrease in the demand for the product as most people were avoiding unnecessary expenses. Furthermore, there was a decrease in various industrial activities that affected the production of new beauty devices. The pandemic has slowed their production capacity because of the labor and raw materials shortage. These factors have affected companies' revenue and negatively impacted the beauty devices market.


Figure 1 - Asia Pacific Beauty Devices Market, by Product Asia Pacific Beauty Devices Market


 Key Players in Asia-Pacific Beauty Devices MarketSome of the key player in the market are L’Oréal Group, Nu Skin Enterprises Inc, Panasonic Corporation, Syneron Medical Ltd, Home Skinovations Ltd, TRIA Beauty Inc, Procter & Gamble, and others. SegmentationThe Asia Pacific beauty devices market is segmented on the basis of product type, application, and end users.


On the basis of product type, market is segmented into hair care, skin care, oral care, and others. Hair care product type is further segmented into hair removal devices, hair growth devices, hair styling devices, and others. Sub-segmentation of skin care includes light/LED and photorejuvenation therapy devices, cellulite reduction devices, acne removal devices, and others


On the basis of application type, this market is segmented into domestic purpose, commercial purpose, and others.


Sub-segmentation by end-user type includes professional and personalized users.


Market Assessment Asia Pacific Beauty Devices Market-


Sources: International Trade Organization, White paper, Company Presentation, Annual Reports, China Food and Drug Administration


Regional Analysis On the basis of region, the Asia Pacific beauty devices market is segmented into China, Japan, India, and rest of Asia Pacific. Asia Pacific is expected to register the fastest growing market, during the forecast period i.e. 2017-2023. In the Asia Pacific region, China is commanding the largest market share owing to tremendous economic development and increasing aging population. It is also reported that this region is dominating the hair styling equipment market, with special emphasis on China, and Japan. Although, freshly introduced beauty devices are getting acceptance however, it is also noticed that FDA, and CFDA impose strict acceptance criteria for such devices.


Recent Developments



  • In January 2021, Nu Skin announced the launch of the Ageloc boost device and nutraceuticals adaptive skin care system.


Intended Audience



  • Product Manufacturers

  • Beauty Devices Manufacturer

  • Research and Development (R&D) Companies

  • Hospitals and Laboratories

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities 



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