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 United Nations Department of Economic and Social Affairs (UNDESA), the population of geriatric people in the age group-60 years or above will rise to more than 400 million, 300 million, and 100 million in China, India, and the U.S. respectively by 2050. Besides this factor, the rising incidence of skin disorders such as acne and photo aging, because of excessive exposure to ultraviolet (UV) radiation and pollution is also positively impacting the demand for home-use beauty devices.
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Amongst these, the demand for the laser/light technology will explode in the coming years. This is because of the surging utilization of light-based home-use beauty devices all over the world in several application areas such as skin rejuvenation, hair growth, and acne and various benefits and the high convenience provided by these light-based devices. Based on indication, the home-use beauty devices market is classified into acne treatment, hair removal, cleansing, skin rejuvenation/anti-aging, hair growth, cellulite reduction, dermarolling, and oxygen/facial steaming.
