The ‘Global Beauty Devices Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global beauty devices market, assessing the market on the basis of its segments like product type, portability, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Beauty Devices Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 33.9 billion
• Forecast CAGR (2023-2028): 4.50%
• Forecast Market Size (2028): USD 43.9 billion
The beauty devices market growth is being driven by the increasing focus on physical appearance and rising awareness of the potential of beauty devices. As more women enter the workforce and have greater disposable income, they are investing in various treatments through beauty devices to improve their skin and hair. Growing acceptance of beauty treatments by men is also expanding the target audience for beauty devices, aiding the long term market growth.
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Busy and stressful lifestyles, combined with unhealthy diets, are leading to increasing prevalence of skin and hair conditions such as acne, premature skin ageing, and hair fall. Accordingly, the beauty devices market demand is rising for targeted applications of acne devices, rejuvenation devices, and hair growth devices. These devices can aid in delivering effective results with minimal side effects, which is increasing their demand. A globally ageing population is also boosting the demand for rejuvenation devices to help skin maintain a youthful appearance and minimise wrinkles.
Expansion of salons and spas globally, including name brand franchises and individual brands, is another factor aiding the beauty devices market development. As more consumers visit salons and spas, due to rising disposable incomes, there is increased competition among various salons and spas. By equipping themselves with latest beauty devices and treatments, salons and spas can gain a competitive edge and increase their profits.
Beauty Devices Industry Definition and Major Segments
Beauty devices are the various electronic or mechanical equipment or machines that are designed to help improve the appearance of a person. Commonly used for skincare and haircare, beauty devices are available that target specific concerns and those that proactively improve the appearance. While some beauty devices may be used at home, others require specialised knowledge and are offered by professionals at spas and salons.
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Based on product type, the market is divided into:
• Acne Devices
• Hair Removal Devices
• Hair Growth Devices
• Cleansing Devices
• Oxygen and Steamer Devices
• Rejuvenation Devices
• Others
On the basis of end user, the market is bifurcated into:
• Portable
• Fixed
Based on application, the market is segmented into:
• Salon
• Spa
• Home
• Others
By region, the market is categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Beauty Devices Market Trends
Among the key trends in the beauty devices market is the increasing prevalence of hormonal disorders which affect the skin and hair. Common conditions include hormonal acne, excessive hair growth, hair loss, dry skin, and dark circles, for which beauty devices can prove to be helpful in addition to medical treatment. Increasing incidences of adult acne and premature ageing are also bolstering the demand for beauty devices.
Advancements in technology of beauty devices is another crucial trend in the market for beauty devices, leading to the development of effective, affordable, and easy to use beauty devices. Innovations such as the use of radiofrequency, lasers, LED therapy, ultrasonic waves, and microcurrents have enhanced the safety and efficiency of beauty devices. As beauty devices become more commonplace and accessible, more users are investing in beauty devices for home use, thereby providing impetus to the beauty devices market.
North America accounts for a sizable share of the global market for beauty devices, supported by increasing purchasing power, rising interest in personal appearance, and growing geriatric population. The high levels of awareness of beauty devices and presence of various key players in the region are surging the demand and availability of various beauty devices, increasing the regional market growth.
Key Market Players
The major players in the global beauty devices market report are:
- Koninklijke Philips N.V.
- Candela Corporation
- Panasonic Holdings Corporation
- HomeSkinovations (HSN)
- Nu Skin Enterprises Inc.
- L’Oréal S.A.
- PhotoMedex, Inc.
- Lumenis Ltd.
- TRIA Beauty
- FOREO
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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