Part
01
of one
Part
01
What is the global at-home anti-aging device market for 2016 in USD and the CAGR for the next few years
Hi there, and thank you for your request for the global at-home anti-aging device market for 2016, along with CAGR for the next few years. Below you will find information from resources such as Zion Research and Market Data Forecast.
In short, the at-home anti-aging device market reached between US$6.04 billion and US$10.01 billion in 2016, and has a CAGR of between 5.8% and 11.5%.
I elaborate on my findings and calculations below.
METHODOLOGY & CALCULATIONS
In order to answer your query, I looked for estimations on the market size of the at-home anti-aging device industry. Despite many consultancies, including Market Data Forecast, Zion Research and P&S Market Research, studying the beauty and anti-aging market, none of them had publicly available specific numbers on the at-home anti-aging device market.
However, I was able to make an estimation using numbers from these consultancies. Using figures from Market Data Forecast, Zion Research and Future Market Insights, I was able to calculate the percentage of the anti-aging market that represented devices. Given that consultancies have different forecasts on the size of the market, I have given these results as a range.
Then, in order to calculate what portion of said market was at-home devices, I calculated the percentage that the at-home beauty device market represented in the overall beauty device market - and applied said percentage as proxy.
Please take into account that these figures are estimations, and should be taken as such.
AT-HOME ANTI-AGING DEVICE MARKET SIZE
According to Zion Research, the anti-aging market reached US$140.3 billion in 2015, with 7.5% CAGR - which means that in 2016, the market reached US$150.82 billion.
On the other hand, Market Data Forecast's calculations are more optimistic, pointing at the market reaching US$250 billion in 2016.
Future Market Insights pointed out that the radio frequency device market represents around 50% of the overall anti-aging market - which applied to the range, means that the anti-aging device market reached between US$75.41 billion and US$125 billion.
Now, according to P&S Market Research, the beauty device market reached US$23.4 billion in 2015, with 19% CAGR - which means the market reached US$27.84 billion in 2016.
Kline Group reported that at-home beauty devices reached US$2 billion in 2015, with 11.5% growth annually - which, should the growth rate have stayed the same, will have increased to US$2.23 billion in 2016. This means the at-home device segment represents 8.01% of the total beauty device global market.
Applying this percentage to the anti-aging device market will place its size between US$6.04 billion and US$10.01 billion.
AT-HOME ANTI-AGING DEVICE MARKET CAGR 2016-2021
Given the different forecasts, CAGR for the at-home anti-aging device market is optimistic, reaching double-digits.
A specific number is harder to pin down - it could be as low as 5.8%, as Market Data Forecast predicts for the anti-aging market as a whole, or as high as 19%, as P&S Market Research predicts for the beauty device market as a whole.
However, P&S Market Research points out that professional devices will drive the growth of the market, which points at a more modest growth for at-home devices. Making a safe assumption, we can say that CAGR for at-home anti-aging devices will hit somewhere between 5.8% and 11.5%, which is the growth rate of at-home beauty devices.
To wrap up, the at-home anti-aging device market reached between US$6.04 billion and US$10.01 billion in 2016, and has a CAGR of between 5.8% and 11.5%.
Thank you for choosing Wonder! Please let us know if there is anything else we can help you with.