Beauty Devices Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212574
  • Format: Electronic (PDF)
  • Number of Pages: 200
  • Author(s): Joshi, Madhavi

Report Overview

The Beauty Devices Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 95 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Beauty Devices Market

(Market Size)
$45 billion
$95 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 45 billion
2030 Market Size USD 95 billion
Key Players L'Oreal, Procter & Gamble, Home Skinovations, Koninklijke Philips, Panasonic

Market Summary

The beauty devices market represents a dynamic and rapidly evolving segment within the broader semiconductor and electronics industry, characterized by the integration of advanced technologies into personal care and aesthetic applications. These devices leverage innovations in sensors, microcontrollers, energy-based systems like LED and laser, and connectivity features to offer consumers and professionals enhanced solutions for skin treatment, hair removal, anti-aging, and cleansing. The market is driven by a growing consumer emphasis on personal grooming, wellness, and the adoption of at-home beauty treatments, which has been further accelerated by trends such as the rise of tele-dermatology and personalized skincare regimens. Key product categories include hair growth devices, acne treatment devices, anti-aging devices, and cleansing devices, each incorporating sophisticated electronic components to deliver precise and effective results. The convergence of beauty with technology, often termed 'beauty tech', is reshaping the industry landscape, with companies continuously investing in R&D to introduce smarter, more efficient, and user-friendly devices. This market is highly competitive, with participation from both established electronics firms and specialized beauty brands, all striving to capture market share through innovation and strategic partnerships.

Key Highlights

The beauty devices market is distinguished by several key highlights that underscore its significance and growth potential. A prominent trend is the increasing consumer preference for non-invasive and minimally invasive aesthetic treatments, which has spurred demand for devices that offer professional-grade results at home. Technological advancements are a major highlight, with devices now featuring IoT connectivity, AI-driven skin analysis, and customizable settings that adapt to individual user needs. The integration of robotics and automation in certain high-end devices is also gaining traction, enhancing precision and efficacy. Another critical aspect is the expansion of distribution channels, particularly e-commerce, which has made these devices more accessible to a global audience. Sustainability is emerging as a focus area, with manufacturers exploring eco-friendly materials and energy-efficient designs. Furthermore, regulatory approvals and certifications, such as FDA clearance for certain devices, play a vital role in building consumer trust and ensuring product safety and efficacy. These highlights collectively indicate a market that is not only growing but also maturing, with a strong emphasis on innovation, consumer safety, and market expansion.

Drivers, Opportunities & Restraints

The growth of the beauty devices market is propelled by several key drivers, including rising consumer disposable income, increasing awareness about advanced skincare solutions, and the growing influence of social media and beauty influencers. The desire for personalized and convenient beauty treatments is encouraging consumers to invest in at-home devices, reducing the need for frequent salon visits. Additionally, technological advancements in semiconductors, such as improved battery life, enhanced sensors, and miniaturization of components, are making these devices more effective and affordable. Opportunities abound in emerging markets, where rising middle-class populations are becoming more inclined towards premium beauty products. There is also significant potential in the development of multifunctional devices that combine several treatment modalities, catering to the demand for versatility. However, the market faces restraints such as high product costs, which can limit adoption in price-sensitive regions. Safety concerns and the risk of side effects from improper use remain challenges, necessitating robust consumer education and clear instructions. Regulatory hurdles and the need for compliance with varying international standards can also impede market entry and expansion for some companies.

Concentration Insights

The beauty devices market exhibits a concentrated competitive landscape, with a few major players holding significant market share, while numerous smaller companies and startups are also active, particularly in niche segments. Leading companies such as L'Or?al Group, Procter & Gamble, Koninklijke Philips N.V., and Home Skinovations Ltd. have established strong brand recognition and extensive distribution networks. These players often engage in strategic initiatives like mergers, acquisitions, and partnerships to enhance their product portfolios and geographic reach. The market concentration is also influenced by high barriers to entry, including substantial R&D investments, stringent regulatory requirements, and the need for advanced manufacturing capabilities. However, the rise of direct-to-consumer brands and the proliferation of e-commerce have enabled smaller innovators to gain traction by targeting specific consumer needs with specialized devices. Regional concentration varies, with North America and Europe being mature markets dominated by established players, while the Asia-Pacific region shows a more fragmented landscape with local companies competing alongside global giants.

Type Insights

Beauty devices can be categorized into several types based on their primary function and technology. Hair growth devices utilize technologies like low-level laser therapy (LLLT) to stimulate hair follicles and promote regrowth, appealing to consumers dealing with hair loss conditions. Acne treatment devices often employ blue and red light therapy to target bacteria and reduce inflammation, offering a chemical-free alternative to traditional treatments. Anti-aging devices encompass a wide range of technologies, including microcurrent devices that tone facial muscles, radiofrequency devices that stimulate collagen production, and LED devices that address wrinkles and fine lines. Cleansing devices, such as sonic facial brushes, use high-frequency vibrations to deeply clean pores and exfoliate the skin. Additionally, hair removal devices, which primarily use intense pulsed light (IPL) or laser technology, represent a significant segment, providing long-term solutions for unwanted hair. Each device type integrates specific electronic components, such as precision sensors, energy emitters, and power management systems, to ensure safety, efficacy, and user convenience.

Application Insights

The application of beauty devices spans both professional and personal use settings, catering to diverse consumer needs. In professional settings, such as dermatology clinics, spas, and salons, devices are often more powerful and feature-rich, used by trained practitioners to perform treatments like laser hair removal, skin resurfacing, and non-surgical facelifts. These professional-grade devices require higher precision, durability, and compliance with medical standards. For personal or at-home use, devices are designed to be user-friendly, portable, and safe for unsupervised operation, enabling consumers to maintain their beauty routines conveniently. Common applications include daily skincare regimens, periodic hair removal, and targeted treatment of specific concerns like acne or signs of aging. The trend towards hybrid devices that offer multiple functions in one unit is gaining popularity, allowing users to address various beauty needs with a single investment. The adoption of smart features, such as app connectivity for tracking progress and receiving personalized recommendations, is enhancing the user experience and driving engagement across both application segments.

Regional Insights

The beauty devices market demonstrates distinct regional dynamics influenced by economic conditions, cultural preferences, and technological adoption rates. North America is a leading market, characterized by high consumer awareness, strong purchasing power, and a well-established infrastructure for beauty and wellness services. The presence of major market players and a culture that emphasizes personal grooming and anti-aging solutions drive growth in this region. Europe follows closely, with countries like Germany, France, and the UK showing robust demand for premium beauty devices, supported by a growing aging population and increasing interest in non-invasive treatments. The Asia-Pacific region is experiencing the fastest growth, fueled by rising disposable incomes, urbanization, and the influence of K-beauty and J-beauty trends. Countries such as China, Japan, and South Korea are hubs for innovation and manufacturing, with local companies gaining prominence. Latin America and the Middle East & Africa are emerging markets, where increasing beauty consciousness and expanding retail networks are creating new opportunities, though adoption rates are still developing compared to more mature regions.

Company Insights

Several key companies dominate the beauty devices market, each bringing unique strengths and strategies. L'Or?al Group, through its subsidiary L'Or?al Luxury Products, offers advanced devices like the Lanc?me Absolue Powder Device, focusing on high-end skincare solutions. Procter & Gamble has made significant inroads with its Braun Silk-expert series of IPL hair removal devices, leveraging its brand trust and extensive distribution. Koninklijke Philips N.V. is a major player with its Philips Lumea line, known for its safe and effective at-home hair removal systems. Home Skinovations Ltd., the maker of the FOREO skincare devices, specializes in silicone-based facial cleansing and massage devices that emphasize hygiene and durability. NuFACE, known for its microcurrent devices, targets the anti-aging segment with products designed to tone and lift facial muscles. Additionally, companies like TRIA Beauty, with its laser hair removal devices, and LightStim, offering LED therapy devices, cater to niche segments with focused innovations. These companies invest heavily in research and development to enhance product features, ensure regulatory compliance, and differentiate their offerings in a competitive market.

Recent Developments

The beauty devices market has witnessed several recent developments that highlight its innovative and dynamic nature. There has been a surge in the launch of smart devices integrated with artificial intelligence and IoT capabilities, enabling personalized skincare routines based on real-time skin analysis. For instance, companies have introduced devices that connect to mobile apps to track usage, monitor progress, and adjust treatment settings automatically. Another significant trend is the expansion into male grooming segments, with devices specifically designed for men's skincare and beard maintenance. Partnerships between beauty device manufacturers and cosmetic companies are becoming more common, aiming to create synergistic product ecosystems. Additionally, there is growing emphasis on sustainability, with companies exploring recyclable materials and energy-efficient designs to appeal to environmentally conscious consumers. Regulatory advancements, such as new guidelines for at-home devices, are also shaping the market, ensuring higher safety standards. These developments reflect the industry's response to evolving consumer demands and technological possibilities, driving continuous innovation and market growth.

Report Segmentation

The beauty devices market report is segmented to provide a comprehensive analysis of various aspects influencing the industry. The segmentation typically includes by device type, such as hair growth devices, acne treatment devices, anti-aging devices, cleansing devices, and hair removal devices, each analyzed for their market dynamics and growth potential. Another key segmentation is by application, distinguishing between professional use in clinics and salons and personal use at home, highlighting differences in product features, pricing, and consumer behavior. The report also segments the market by technology, covering categories like LED, laser, IPL, ultrasonic, and microcurrent, to understand the adoption and effectiveness of different technological approaches. Geographical segmentation is crucial, with regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa analyzed separately to identify regional trends, opportunities, and challenges. Additionally, the report may include segmentation by distribution channel, such as offline retail, online/e-commerce, and direct sales, providing insights into changing consumer purchasing patterns. This multi-faceted segmentation enables a detailed and nuanced understanding of the market, aiding stakeholders in strategic decision-making.

FAQs

What are the most popular types of beauty devices? The most popular types include hair removal devices like IPL systems, anti-aging devices such as microcurrent and radiofrequency units, cleansing devices like sonic brushes, and specialized tools for acne treatment and hair growth. These categories dominate due to high consumer demand for non-invasive, at-home solutions.

How do beauty devices work? Beauty devices employ various technologies; for example, LED devices use specific light wavelengths to target skin concerns, IPL devices use broad-spectrum light to disable hair follicles, and microcurrent devices send low-level electrical currents to stimulate muscles and collagen production for anti-aging effects.

Are at-home beauty devices safe? When used according to manufacturer instructions, most at-home beauty devices are safe. Many undergo rigorous testing and carry certifications from regulatory bodies. However, users should follow guidelines carefully, especially for devices involving light-based or energy-based technologies, to avoid potential side effects.

What is the difference between professional and at-home beauty devices? Professional devices are typically more powerful, offer advanced features, and are used by trained practitioners in clinical settings. At-home devices are designed for consumer use, with enhanced safety features, user-friendly interfaces, and generally lower energy levels to ensure safety without professional supervision.

Which regions have the highest adoption of beauty devices? North America and Europe have high adoption rates due to strong consumer awareness and disposable income. The Asia-Pacific region is rapidly growing, driven by beauty trends in countries like South Korea and Japan, increasing urbanization, and rising interest in personal grooming.

Can beauty devices replace professional treatments? While at-home devices can provide significant benefits and convenience, they are generally not as powerful as professional-grade equipment used in clinics. They are best suited for maintenance and mild to moderate concerns, whereas severe or complex issues may still require professional treatment for optimal results.

Citius Research has developed a research report titled “Beauty Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Beauty Devices Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Beauty Devices Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Beauty Devices Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Beauty Devices Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Beauty Devices Market
• Research Methodology
• Executive Summary
• Market Dynamics of Beauty Devices Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Beauty Devices Market
• Cost and Gross Margin Analysis of Beauty Devices Market
• Beauty Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Beauty Devices Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Beauty Devices Market Key Stakeholders

Below are the key stakeholders for the Beauty Devices Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Beauty Devices Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Beauty Devices Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Beauty Devices Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Beauty Devices Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Beauty Devices Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Beauty Devices Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Beauty Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Beauty Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Beauty Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Beauty Devices Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Beauty Devices Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Beauty Devices Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Beauty Devices Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Beauty Devices Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Beauty Devices Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Beauty Devices Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Beauty Devices Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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