Facial Beauty Apparatus Market Scope
While the personal care product segment remains the most prominent in the beauty industry, demand for natural and organic skincare products is rising at a faster pace than the overall Personal Care market. Skin care drugs are herbal preparations that are meant to be applied to the human body's different external sections and provide effective topical actions as well as offer protection against degenerative skin conditions. Consumer demands, which are increasingly obsessed with purchasing environmentally sustainable goods, have emphasised the use of plant extracts in skin care products. Technology and skin care have clashed more than ever in the last several years. Precious serums and lotions are rendered useless, and a slew of high-tech equipment and gadgets take their place.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Panasonic Corporation (Japan), Lumenis Ltd. (Israel), Nu Skin Enterprises Inc. (United States), TRIA Beauty Inc. (United States), Carol Cole Company Inc. (United States), L’Oréal SA (France), Candela Corporation (United States), Home Skinovations Ltd. (United States), YA-MAN LTD. (Japan) and MTG Co. Ltd. (Japan) |
CAGR | 15.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States & Japanese Vendors will contribute to the maximum growth of Global Facial Beauty Apparatus market throughout the predicted period.
Panasonic Corporation (Japan), Lumenis Ltd. (Israel), Nu Skin Enterprises Inc. (United States), TRIA Beauty Inc. (United States), Carol Cole Company Inc. (United States), L’Oréal SA (France), Candela Corporation (United States), Home Skinovations Ltd. (United States), YA-MAN LTD. (Japan) and MTG Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Koninklijke Philips N.V. (Netherlands), LightStim (United States), Spectrum Brands Holdings Inc. (United States), Conair Corporation (United States) and Amorepacific Corporation (South Korea).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Facial Beauty Apparatus market by Type and Region with country level break-up.
On the basis of geography, the market of Facial Beauty Apparatus has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On 27th May, 2021 – Arizona Natural Resource, Portfolio Company of Core Industrial Partners (Private Equity firm) Acquired Marianna Beauty Holdings Inc. This Combination Adds Marianna’s Innovative Product Capabilities Across Beauty and Personal Care Serving a Wider Range of Consumers.
On January 12, 2024, NuFace, a leading microcurrent device company, announced a strategic partnership with TriPollar, a radiofrequency technology expert. This partnership aims to combine their expertise to develop innovative facial beauty apparatuses with both microcurrent and radiofrequency technologies.
Influencing Trend:
Rising Skin Care Awareness Among Men and Increasing Number of Salons
Market Growth Drivers:
Growth in Cosmetic and Fashion Industry and Increasing Disposable Income Among Females
Challenges:
Rise in Price Level due to Tariffs & Taxes and Lack of Appropriate Regulations
Restraints:
Side Effects and Allergic Reactions and Presence of Counterfeit Products
Opportunities:
Low Penetration in Emerging Regions Particularly Asia
Key Target Audience
Facial Beauty Apparatus Manufactures, New Entrants and Investors, Facial Beauty Apparatus Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others