Global Beauty Devices Market

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.

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FAQs

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).

The 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 market. Companies are spending more on the development of improved products and are also focusing on competitive pricing. 'Panasonic Corporation', 'Lumenis Ltd.', 'L'Oreal SA   ', ' Nu Skin Enterprises, Inc.   ', ' The Procter & Gamble Company   ', ' Koninklijke Philips N.V.   ', ' TRIA Beauty, Inc.   ', ' Carol Cole Company, Inc. (NuFace)   ', ' Syneron Medical Ltd.   ', ' Home Skinovations Ltd. (Silk'n)   ', ' Johnson & Johnson Services, Inc.   ', ' Shiseido Company, Ltd.   ', ' FOREO AB   ', ' MTG Co., Ltd.   ', ' Conair Corporation   ', ' Helen of Troy Limited   ', ' Beurer GmbH   ', ' Remington Products Company   ', ' Conair Corporation   ', ' Groupe SEB '

Increasing Geriatric Population

One of the trends in the 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.

North America held the largest 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.

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Global Beauty Devices Market

Report ID: SQMIG30L2119

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