According to a revised study by Persistence Market Research, the global beauty devices market is expected to be valued at US$ 32 Bn in 2021, and is expected to expand at an impressive CAGR of more than 15% from 2021 to 2031, to reach a value of US$ 80 Bn in 2031.
Globally, the beauty devices market is witnessing significant growth due to increasing disposable income, which is enabling people to spend more on personal care. In addition, rise in aging the population and increasing prevalence of skin diseases and harmful effects of ultraviolet radiation are also driving the growth of the market.
However, there are various risks and complications associated with beauty devices which may lead to bruising, swelling, and redness. In addition, extended availability of easy-to-use beauty products inhibits the growth of the market.
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In North America, increasing aging population and availability of advanced devices are driving the use of beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salon and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.
In Europe, the beauty devices market is driven by rising aging population. In addition, in Spain the market is evolving due to rising awareness about potential healing applications of beauty devices in the treatment of skin and hair problems.
However, in Asia the growth for beauty devices is much higher than developed countries due to increasing disposable income, availability of multinational brands and the introduction of less expensive beauty devices.
L’Oréal Group, Nu Skin Enterprises, Inc., Home Skinovations, Ltd., PhotoMedex, Inc., TRIA Beauty, Inc., Syneron Medical, Ltd., Koninklijke Philips N.V., Panasonic Corporation, Carol Cole Company and Procter & Gamble are some of the major players of beauty devices market.
Market Segmentation
Usage Area
- Salon
- Spa
- At-home
- Others
Type
- Hair removal devices
- Cleansing devices
- Acne devices
- Rejuvenation devices
- Light/LED therapy and photo rejuvenation devices
- Oxygen and steamer devices
- Hair growth devices
- Skin Derma rollers
- Cellulite reduction devices
- Others
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Geography
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- The U.K.
- Asia
- China
- Japan
- India
- Latin America
- Brazil
- Rest of the World (RoW)
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