Rising Appearance Consciousness Strengthening Home-Use Beauty Devices Market
Growing incidents of skin diseases, rising appearance consciousness, increasing awareness on home-use beauty devices , and expansion of product portfolio by market players are some of the major factors responsible for the growth of the home-use beauty devices market. In 2017, the market generated a revenue of $5.5 billion and is predicted to progress at a 20.2% CAGR during the forecast period (2018–2023), according to P&S Intelligence. Home-use beauty devices are designed for people to meet their personal care requirements, such as skin rejuvenation and treatment, without visiting a beauty expert. According to the United Nations World Population Prospects: The 2017 Revision data, nearly 962 million people, around 13.0% of the global population, were aged 60 or above. The population falling in this age group is surging at a rate of about 3.0% per year. Many skin-related issues associated with aging, such as loosening of the skin, dense facial hair, wrinkles, and droopin...