Asia Pacific beauty devices market researchand analysis by product, application, end users -forecast till 2030. MRFRestimates that Asia Pacific beauty devices market 2023 is poised to mature at a CAGR 16.6% over the prognosis period (2022-2030).
The rising popularity of beauty procedures and the quick advancement of technology. In recent years, beauty-related advancements like wrinkle removers and temporary tighteners moved from hospitals or salons to households. The popularity of beauty treatment facilities is rising, skin and hair issues are becoming more common, there are more elderly people, and health care spending is rising, all of which are encouraging growth in the Asia Pacific beauty devices market.
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.
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), LOral 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.
TheAsia Pacific beauty devices market reportis 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-basedsegmentation of this market comprises into commercial purpose, domestic purpose, and others.
The end-user type-basedsegmentation includes professional and personalized users.
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.
Yet, it is also mentioned that while recently released beauty products are being approved, FDA and CFDA are adopting strict compliance standards for these items. The paper highlights how fast rising disposable incomes and rapid population expansion are being caused by rising demand for cosmetic items in China and India. China and Japan have seized the initiative in the sector for aesthetic devices, despite Korea's reputation as a hub of innovation.
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