USD 31.64 billion
Beauty Devices Market Size, Share, Growth Analysis, By Product Type(Acne devices, hair removal devices, hair growth devices, cleansing devices), By Application(Salon, spa, home, and others), By End User(Hospitals & clinics and others), By Portability(Pocket-Sized/Handheld Device and Fixed), By Mode of Operation(Electric and Battery Operated and Manual), By Gender(Female and Male), By Distribution Channel(Direct Sales, Retail and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2119 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
194
|Figures:
80
Beauty Devices Market Insights
Beauty Devices Market size was valued at USD 31.64 billion in 2019 and is poised to grow from USD 33.86 billion in 2023 to USD 58.17 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).
Increasing awareness about the beauty devices and treatments for skin, increasing appearance consciousness among the youth population, and increasing disposable income drive the market growth. Beauty devices are extensively used for the treatment of scars, acnes, pigmentation, blemishes, age spots, wrinkles, and freckles.
The increasing number of spas and salons across the globe is a significant factor that drives market growth. Consumers spend more on the beauty products to look presentable all the time. Further, key players use social media platforms for marketing various beauty products that increase awareness among people about the beauty products that are available for different skin-related problems. The youth is severely influenced by social media and the increasing penetration of internet helps the consumer search about various treatments and beauty devices related to skin care, haircare, and others. Hence, the increasing adoption of smartphones and rising penetration of internet are the factors that boost the market growth during the forecast period.
US Beauty Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hair Removal devices
Fastest Growth
Hair removal devices
Growth Rate
7% CAGR
Global Beauty Devices Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Beauty Devices Market Segmental Analysis
Global Beauty Devices Market is segmented into product type, application, end user, portability, mode of operation, distribution channel, gender, and region. Based on product type, the global Beauty Devices Market is segmented into acne device, hair removal devices, hair growth devices, cleansing devices, oxygen and steamer devices, rejuvenation devices, and others. Based on application, the global Beauty Devices Market is segmented into salon, spa, home, and others. By Portability, the Beauty Devices Market is segmented into Pocket-Sized/Handheld Device and Fixed. By Mode of Operation, the Beauty Devices Market is segmented into Electric and Battery Operated and Manual. By Gender, the Beauty Devices Market is segmented into Female and Male. By Distribution Channel, the market is segmented into Direct Sales, Retail and Online. Based on end user, the global Beauty Devices Market is segmented into hospitals & clinics and others. By region, it is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Beauty Devices Market Analysis by Product Type
Hair removal devices segment is expected to dominate the global beauty devices market during the forecast period due to increasing use of hair removal devices across the globe. Hair removal devices is the most common issues among the young population especially in the women.
Rejuvenation segment is expected to be the most opportunistic segment during the forecast period due to increasing adoption of photo-rejuvenation therapy among the consumers. This therapy is used for treating hyperpigmentation and skin redness. It stimulates the production of collagen and provides a radiant skin. Hence, increasing awareness regarding rejuvenation devices among the people is expected to boost the market.
Beauty Devices Market Analysis by Application
Salon segment is expected to account for the largest revenue share during the forecast period. In developed and developing regions, there is increasing penetration of salons which fuel the growth of the segment.
Home segment is expected to be the fastest growing segment during the forecast period due to increasing awareness and availability of beauty devices for consumers as a home-appliances. Majority of the players are offering beauty devices at home that increases the competition among the global market.
Global Beauty Devices Market Size By Product Type, 2021 (%)
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Beauty Devices Market Regional Insights
North America held the largest global beauty devices market share during the forecast period. The growth of the regional market is attributed to increasing disposable income that increases the spending on personal care products. In addition, increasing geriatric population, rising appearance consciousness, and adoption of technologically advanced beauty devices. New product launches and adoption of the key strategies by the key players in this region is expected to fuel the market growth.
Asia Pacific is expected to be the fastest growing region during the forecast period. The growth of the regional market is attributed to increasing geriatric population and increasing consumer awareness about the beauty devices for the treatment of skin problems. In addition, the availability of beauty brands and introduction of less-expensive beauty devices in the region to attract people. The easy availability of branded beauty devices on online channel, further drive the market growth.
Global Beauty Devices Market By Geography, 2021-2028
- Largest
- Fastest
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Beauty Devices Market Dynamics
Beauty Devices Market Drivers
- Increasing Geriatric Population
The skin losses its healthy components when it ages. Dryness, wrinkles, and pigmentation are all indications of aging. People use beauty products to deal with this aging problem as beauty devices provide younger-looking skin, which further is anticipated to propel the market growth.
- Rising Hormonal Disorder
Changing lifestyle is responsible for the hormonal abnormalities among individuals. It causes acne breakouts and other skin issues. Hence the demand for beauty devices is increased which ultimately drives the growth of the global beauty devices market.
- Growing Skin and Hair Problems
Majority of the population are suffering from skin and hair problems that include hair loss, hair damage, split ends, skin pigmentation, redness, blackheads, and acne. Hence the demand for the beauty devices is increased which further propels the market growth.
Beauty Devices Market Restraints
- Adoption of some of the beauty devices is restricted due to their side effects such as excessive swelling, superficial burning, and blistering. These factors are expected to hinder market growth.
- Lack of awareness about the benefits of beauty devices among the rural consumers is expected to restrict market growth.
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Beauty Devices Market Competitive Landscape
The global beauty devices market is moderately fragmented due to presence of several local companies. Key players are adopting strategic developments such as mergers, acquisitions, partnership to strengthen their position in the global market. Companies are spending more on the development of improved products and are also focusing on competitive pricing.
Beauty Devices Market Top Player's Company Profiles
- L'Oreal SA
-
Nu Skin Enterprises, Inc.
-
The Procter & Gamble Company
-
Koninklijke Philips N.V.
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TRIA Beauty, Inc.
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Carol Cole Company, Inc. (NuFace)
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Syneron Medical Ltd.
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Home Skinovations Ltd. (Silk'n)
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Johnson & Johnson Services, Inc.
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Shiseido Company, Ltd.
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FOREO AB
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MTG Co., Ltd.
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Conair Corporation
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Helen of Troy Limited
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Beurer GmbH
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Remington Products Company
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Conair Corporation
-
Groupe SEB
Beauty Devices Market Recent Developments
- In Jan 2021, Nu Skin Enterprises Inc. launched the ageLOC Boost device, which uses microcurrent waveforms with the variable pulse technology to create visibly brighter, plumper, and bouncier skin.
- In Jan 2020, L’Oreal introduced Perso, a smart device that makes beauty personal. This device provides personalized skincare solutions via four steps.
Beauty Devices Key Market Trends
- One of the trends in the global beauty devices market is the increasing preference for at-home beauty devices that are used for acne and hair removal. At-home devices are portable and easy to use. Increasing younger population and rising availability of home solutions are boosting the demand for these devices.
Beauty Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global beauty devices market analysis, market growth is attributed to increasing geriatric population, rising consumer awareness about beauty devices, and changing lifestyles. In addition, the increasing penetration of internet and increasing use of social media for marketing beauty products is anticipated to drive the market. The side effects associated with some of the beauty products is the factor that hamper market growth. Key players increased their investment in R&D to innovative advanced products to strengthen their position in the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 31.64 billion |
| Market size value in 2031 | USD 58.17 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Beauty Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Beauty Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Beauty Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Beauty Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Beauty Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Beauty Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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