Demand for Home-Use Beauty Devices Set to Boom in Asia-Pacific in Future
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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As per the American Academy of Dermatology (AAD), around 85% of all Americans are diagnosed with acne at some point in their lives. In addition to this, the academy stated that melasma is a highly prevalent skin disease that causes gray-brown and brown patches on the face. Beauty devices are increasingly being used for curing these types of skin diseases. For instance, beauty devices can be used for curing the small brown spots caused by freckles.
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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. Furthermore, the market is predicted to exhibit a CAGR of 20.4% between 2020 and 2030. Vibrational, nano-iconic, laser/light, electroporation, microneedling, and radiofrequency (RF) energy are the most commonly used technologies in the home-use beauty devices.
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.
Thus, it is safe to say that the demand for home-use beauty devices will soar all over the world in the upcoming years, on account of the rising incidence of skin ailments, the surging geriatric population, and the growing public awareness about these devices in various countries around the world.
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