The beauty devices market value is projected to grow from USD 31.75 billion in 2021 and is projected to reach USD 58.31 billion by 2030; it is expected to grow at a CAGR of 7 % from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The market report also covers the estimated market sizes and trends for different countries across major regions, globally.
Crucial factors accountable for market growth are:
- Rising consumer expenditure on beauty and cosmetics
- Rising cases of road accidents that causes scars
- New product launches for at-home use of beauty devices
- Growing geriatric population across the globe
- Rising prevalence of Hirsutism among women
- Rising importance of social media marketing
- Huge youth population in developing nations
- Rising penetration of spas and salons
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Research Objective
the market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2017 to 2020. This research report evaluates beauty devices market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global beauty devices market for the period from 2017 to 2030. This research study offers historic data for years 2017 to 2020 along with a forecast from 2021 to 2030 based on value.
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the beauty devices market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Scope of the Beauty Devices Market Report
| Report Highlights | Details |
| Market Size | USD 58.31 Billion by 2030 |
| Growth Rate | CAGR of 7% From 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Application, Region |
Report Highlights
- Based on the type, the hair removal devices segment was the largest segment in 2020. This is attributed to the extensive use of hair removal devices. The spas and salons play a significant role in the consumption of hair removal devices owing to their regular need for serving the women consumers. Further, the rising cases of hirsutism among the women are boosting the demand. Hirsutism is a condition in which the women develops male like hair patterns on chest, back, and face. According to the National Center for Biotechnology Information, around 10% women in US are suffering from hirsutism.
- Based on the application, the home segment is expected to be the most opportunistic segment owing to the rising focus of the manufacturers to provide beauty devices to the consumers for at-home use. The rising consumer expenditure of beauty and cosmetic products is expected to fuel the growth of this segment.
Market Dynamics
Drivers
Growing prevalence of skin issues such as acne, pigmentation, and photoaging due to the extended exposure to sunlight and pollution is boosting the beauty devices market. Further, rising awareness regarding the availability of various beauty devices among the consumers especially in the developing markets is positively impacting the market growth.
Restraints
There are several side effects associated with the beauty devices such as edema, scarring, and burns are the major factors that may impact the beauty devices market growth in a negative way and may hamper the market growth during the forecast period.
Opportunities
New product developments and new product launches by the market players will provide further growth avenues in the market. Moreover, market players are focusing on providing new at-home beauty devices to the consumers through their direct-to-consumer distribution channels.
Challenges
Low penetration in the developing and underdeveloped market coupled with the lack of consumer awareness is a major challenge to be overcome by the market players in order to grow in the upcoming future.
Read Also: Orthodontics Market Size, Share, Growth, Scope and Global Forecasts to 2030
Regional Snapshot
North America dominated the global beauty devices market in 2020 and is expected to retain its position throughout the forecast period. North America is characterized by increased disposable income, rising geriatric population, increased awareness regarding the beauty devices, higher adoption of advanced technology, and increased demand for personal care products. The increased preferences among the consumers for self-care is boosting the demand for the beauty devices in the region. Further, the presence of various regional players and various developmental strategies adopted by them is positively impacting the growth of the market.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is attributable to huge population, rapid urbanization, rising disposable income, rising awareness regarding the availability of beauty devices, and improved living standards. The rising prevalence of skin problems owing to the rising pollution is driving the market growth in the region. Further, the rising penetration of social media and aggressive marketing by the players through social media platforms is fueling the growth of the beauty devices market in the Asia Pacific region.
Some of the prominent players in the global beauty devices market include:
- Panasonic Corporation
- YA-MAN Ltd.
- MTG Co. Ltd.
- TRIA Beauty, Inc.
- L’Oreal S A
- Lumenis Ltd.
- Home Skinovations Ltd.
- Nu Skin Enterprises
- Carol Cole Company Inc.
- Koninklijke Philips N.V.
- LightStim
- Conair Corporation
- Candela Corporation
- Spectrum Brands Holdings Inc.
- Capillus LLC.
Segments Covered in the Report
Market By Type
- Acne Devices
- Hair Removal Devices
- Hair Growth Devices
- Cleansing Devices
- Rejuvenation Devices
- Oxygen & Steamer Devices
- Others
Market By Application
- Salon
- Spa
- Home
- Others
Market By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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