What are Latest Technological Trends in Capnography Devices Market?

[Pramod Kumar]

The global home-use beauty devices market revenue stood at $9,571.6 million in 2020, and it is expected to rise to $89,535.1 million by 2030. According to the estimates of the market research firm, P&S Intelligence, the market will advance at a CAGR of 25.1% from 2020 to 2030 (forecast period). The growing public awareness about beauty devices, rising incidence of skin diseases, mushrooming population of geriatric people, and increasing appearance consciousness of people are the major factors fueling the expansion of the market across the globe.

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Depending on technology, the home-use beauty devices market is classified into vibration, nano-iconic, electroporation, microneedling, laser/light, and radiofrequency (RF) energy. Out of these, the laser/light category is predicted to exhibit the highest growth rate in the market throughout the forecast period. Wavelengths of high-energy light are emitted by these devices, which target a particular skin disorder or condition and generate heat energy in order to destroy the diseased cells. This subsequently leads to improved skin condition.

When indication is taken into consideration, the home-use beauty devices market is categorized into acne treatment, hair removal, skin rejuvenation, cleansing, hair growth, oxygen/facial steaming, dermarolling, and cellulite reduction. Out of these, the hair removal category held the largest share in the market during the last few years. Hair removal devices are used for removing and reducing unwanted hair painlessly, without causing any damage to the surrounding skin. Additionally, the surging use of laser hair removal devices is also predicted to propel the advancement of the category in the coming years.

Geographically, North America contributed the highest revenue to the home-use beauty devices market in the past, primarily because of the high appearance consciousness and disposable income of people. In the forthcoming years, the market will register the fastest growth in Asia-Pacific (APAC). The increasing prevalence of skin diseases, rising appearance consciousness of people, and surging occurrence rate of hormonal disorders are the major factors fueling the expansion of the regional market. Furthermore, countries, such as India, China, Indonesia, Thailand, and Vietnam with their soaring millennial population are providing lucrative growth opportunities to the players operating in the market.