Beauty Devices Market Size 2022
The global Beauty Devices Market Size is bound to grow on a robust note in the forecast period. The current scenario is such that the key stakeholders are into devising ASIC chips of their own to cater to their own distinctive products. As such, integration of hardware and software could happen in a better manner, that too, while keeping themselves distinctive from their counterparts. This would be the scene with semiconductors vertical going forward.
Persistence Market Research has predicted the market value to top US$ 80 Bn with CAGR of more than 15% by the end of 2031
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According to a revised study by Persistence Market Research, the global Beauty Devices Market Size 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 Size 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.
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 Size 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 Size.
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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
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)
Beauty Devices Market Size – Report Highlights
- A detailed overview of parent market of Beauty Devices Market Size
- Changing Beauty Devices Market Size dynamics in the industry
- In-depth segmentation of the Beauty Devices Market Size
- Historical, current, and projected Beauty Devices Market Size size regarding volume and value
- Recent industry trends and developments in Beauty Devices Market Size
- Competitive landscape of the Beauty Devices Market Size
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Beauty Devices Market Size performance
- Must-have information for Beauty Devices Market Size players to sustain and enhance their market footprint
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