Global Beauty Devices Market is estimated to reach $113 billion by 2024; growing at a CAGR of 18.3% from 2016 to 2024. Beauty devices includes all the products and services that aids in improving bodily appearance of the consumers. The popularity of beauty devices is becoming more and more prevalent among women as well as men. Technological advancements have given consumers more control over their skin and also saves their time and money. Skin tools that are user-friendly and budget-friendly gives the end-users an opportunity to treat their skin within the comfort of their home with no down-time. Customers demand for quick and higher-end offering devices has heightened the focus on greater personalization and higher level of customer services. Moreover, introduction of at-home skin care devices has certainly changed the view of consumers skin care techniques and has also driven the growth of beauty devices market.
Global Beauty Devices Market Size and Forecast, 2015 - 2024 (US$ Billion)
Increasing disposable income, growing aging population, and increased awareness about these products through immense advertisements and promotions are the factors driving the growth of the global beauty devices market. Moreover, rising prevalence of skin diseases, growing concerns regarding harmful effects of ultraviolet radiations, and rising appearance consciousness also boosts the growth of the market. However, possibility of risks associated with these devices and high cost may hamper the adoption of beauty devices. Furthermore, increasing trend of eco-friendly products and personalized at-home beauty devices is anticipated to provide immense growth opportunities in the coming years.
The global beauty devices market is bifurcated into device type, usage area, and geography. Device type is segmented into cellulite reduction devices, skin dermal rollers, hair removal devices, cleansing devices, hair growth devices, rejuvenation devices, light/LED therapy & photorejuvenation devices, acne devices, oxygen & steamer devices, and others. Usage area is further categorized into salon, spa, at home, and others.
Global Beauty Devices market share by region, 2024 (value%)
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
The key players operating in this market include Panasonic Corporation, Koninklijke Philips N.V., Syneron Medical Ltd., Nu Skin Enterprises, Home SKinovations Ltd., Carol Cole Company., Procter & Gamble, L’Oreal S.A., Lumenis Ltd., and TRIA Beauty, Inc., among others.
The key takeaways from the report
- The report will provide a detailed analysis of Global Beauty Devices Market with respect to major segments such as device type, usage area, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Beauty Devices Market from 2015 to 2024 has been included in the report
- Profile of the key players in the Global Beauty Devices Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Beauty Devices Market
Device Type Segments
- Cellulite Reduction Devices
- Skin Dermal Rollers
- Hair Removal Devices
- Cleansing Devices
- Hair Growth Devices
- Rejuvenation Devices
- Light/LED Therapy & Photorejuvenation Devices
- Acne Devices
- Oxygen & Steamer Devices
- Other Devices
Usage Area Segments
- At Home
- Other Usage Areas
- North America
- South Korea
- South America
- Middle East