Due to the surging population of geriatric people, the sales of home-use beauty devices are rising rapidly across the world. Geriatric people are increasingly using various anti-aging devices that revitalize and tighten their skin and give them a youthful appearance and help them overcome several skin problems. Furthermore, the soaring population of elderly people, especially in the emerging economies such as China, Japan, and India is massively augmenting the sales of home-use beauty devices.
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Because of the above-mentioned factors, the demand for home-use beauty devices is growing rapidly. This is causing the expansion of the global home-use beauty devices market. The market valuation is predicted to rise from $6,457.4 million in 2019 to $45,956.3 million by 2030.
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Because of the above-mentioned factors, the demand for home-use beauty devices is growing rapidly. This is causing the expansion of the global home-use beauty devices market. The market valuation is predicted to rise from $6,457.4 million in 2019 to
Globally, the market will register lucrative growth in the Asia-Pacific (APAC) region in the coming years, as per the estimates of P&S Intelligence, a market research company based in India. The key factors driving the advancement of the home-use beauty devices market in this region are the rising public awareness about the various potential applications of the home-use beauty devices and the mushrooming population of geriatric people in the regional countries.
Global home-use beauty devices market is expected to reach $16.7 billion by 2023, according to P Market Research.Based on type, the home-use beauty devices market for anti-aging is expected to reach $3.9 billion by 2023, registering a CAGR of 21.7% during the forecast period.
As stated by the United Nations (U.N.), in 2017, there are around 962 million people aged 60 or above, comprising 13% of the global population.
The population aged 60 or above is growing at a rate of about 3% every year.
Thus, various beauty-related problems associated with aging, such as wrinkles, loosening of the skin, increase in facial hair, and drooping eyebrows and eyelids, are contributing to the market growth of this category.Request to Get the Sample Pages at: https://www.psmarketresearch.com/market-analysis/home-use-beauty-devices-market/report-sampleDuring the forecast period, the European home-use beauty devices market is expected to outpace the North American home-use beauty devices market, on account of rising geriatric population, increasing prevalence of hair- and skin-related diseases, and introduction of specialized hair regrowth devices in addition to apps that educate consumers on the usage of such devices.The prevalence of androgenetic alopecia (hair loss) is reportedly higher in the European population as compared to the Asians, Native Americans, and African-Americans.
The introduction of specialized hair regrowth devices in Europe has witnessed increased adoption by people, as problems such as hair loss are more common among Europeans as compared to the people in other regions.
Besides, France is considered the fashion-hub of the world and is home to some of the renowned fashion brands.
