USD 238.1 million
Report ID:
SQMIG30L2129 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
86
|Figures:
78
Global LED Light Face Mask Market size was valued at USD 238.1 million in 2021 and is poised to grow from USD 266.43 million in 2022 to USD 654.98 million by 2030, growing at a CAGR of 11.9% in the forecast period (2023-2030).
The growth is predicted to be driven by increasing skincare product spending as well as the growing cost of LED light therapy compared to laser surgery. Also, growing consumer worries about their personal well-being as a consequence of evolving lifestyles and increased skin awareness are fueling the industry's expansion. The rise is like there to be driven by the growth of salons and cosmetic surgery centers that sell high-end skincare.
The advantages of LED light face masks are becoming more publicly recognized to American consumers, which is anticipated to drive market growth. LED light face masks are safer, more cost-effective, and more efficient than laser and other chemical treatments. Several more skin problems, including fine lines, wrinkles, hyperpigmentation, acne, wounds, UV damage, psoriasis, and discoloration are treated using FDA-approved LED masks. Moreover, changes in women's lives, a rise in beauty consciousness, and women's financial independence are having an impact on the demand for LED light treatment.
Since pollution levels increase regularly, customers are becoming more skin-conscious, which will assist the market grow during the forecast period. As well, the increasing popularity of LED light face masks among celebrities, dermatologists, and influencers on social media will increase millennial's demand for them. On social media and at red carpet events, celebrities including Gal Gadot, Victoria Beckham, Julia Roberts, and Kim Kardashian are advertising LED light face masks. For the 78th Annual Golden Globes ceremony in Los Angeles in 2021, for instance, Gal Gadot is customized with an LED mask by CURRENTBODY by celebrity make-up artist Sabrina Bedrani. In the upcoming years, it is anticipated that such trends may increase demand for LED light face masks.
Growing R&D investments for efficient and safer treatments as well as technological and scientific advances in LED light therapy for skin improving health will offer market players with potential future growth. Although consumers are paying more attention to their appearance, LED face masks are becoming required. In addition, because of the strong influence of social media, spending more money on skincare products has become fashionable in recent years. The demand for LED light face masks is being driven by models and performers who choose to get cosmetic procedures done to get glowing, younger-looking skin.
Global Market Size
USD 238.1 million
Largest Segment
Anti-aging
Fastest Growth
Anti-aging
Growth Rate
11.9% CAGR
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Global LED Light Face Mask Market is segmented based on type, application, distribution channel and region. Based on type, the market is segmented into red & blue LED, near infrared LED, amber LED and others. Based on application, the market is segmented into anti-aging, acne treatment and others. Based on distribution channel, the market is segmented into B2B (salons, hospitals & clinics), B2C (hypermarkets & supermarkets, pharmacy & drugstores, and online). Based on region the global market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
The fastest CAGR of 13.0% is anticipated for the red and blue LED segment over the forecast period. Red and blue light are widely used in LED light face masks to reduce inflammation and redness. Longer wavelength red LED light reaches deeper layers of skin. This therapy is a novel method that has been successful in treating acne, scars, wrinkles, and other aging signs. It stimulates collagen production to strengthen and elastic skin, improve blood flow to the tissue, and lessen cellular inflammation. Shorter wavelength blue LED light is used to prevent acne-causing bacteria in growing.
Analysis by Distribution Channel
The B2B market had a revenue share of more than 60.0% in 2021. The B2B market is composed of hospitals, clinics, and salons. Customers prefer salon-based LED light therapy in great numbers. The main issue with devices that are used at home is that their light sources might not be able to produce results at the proper wavelength. Due to the fact that they offer safe and effective care, consumers prefer salon professional treatment and clinics for LED light therapy. Also, by proactively treating skin issues and trouble spots, dermatologists can aid in achieving their epidermis goals.
The B2C market is anticipated to grow at a compound annual growth rate of 12.7% from 2022 to 2030. The B2C market is made up of stores like supermarkets, drugstores, online retailers, and others. The main factor driving the segment's stronger growth is customer constancy in choosing offline retail stores for the purchase of cosmetics and beauty products. A growth in the availability of cosmetics and personal care products in department shops and specialty retailers is what is driving this market segment. The popularity of e-commerce websites and the wide use of smartphones both are expected to increase the market's potential prospects in the near future.
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North America dominated the market, providing for further than 40% among all sales in 2021. The high pressure behind the market's growth is the rising consumer spending on personal care goods and cosmetics as well as the rising popularity of premium skincare brands among local celebrities. According to a survey done by Skin Store, people spend roughly USD 322 a year on skin care products. It is expected that consumers, especially women, may drive the growth by integrating eco-friendly skincare products and technologies into their beauty routines to alleviate skin issues. The rise of the local market will also be driven by the presence of premium cosmetics and skincare companies like DMH Aesthetics, CELL RETURN, Skin Gym, and Aduro.
Asia Pacific is anticipated to expand at a CAGR of 13.0% between 2022 and 2030. The main market drivers are the expanded supply of LED light face masks and the growing public awareness of their advantages. The growing disposable income and awareness of skin care in nations such as China, Japan, and South Korea will also help the region's growth. The expansion will be further pushed by the launch of novel applications in the field and other effective marketing efforts used by market participants to teach consumers on the advantages of LED light therapy.
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Drivers
Increasing Demand for Non-Invasive and Safe Skincare Treatments to Bolster Market Growth
Restraints
High Cost of LED to Hinder Market Growth
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The market is characterized by the presence of several small and medium-sized businesses in contrast to a few well-established competitions. The companies offer a range of LED light face masks with different features, such as adjustable light intensity, various color wavelengths, and different treatment times. Some also offer additional skincare products to complement the use of their LED light face masks. As the market continues to grow, competition is expected to intensify, and companies will need to continue to innovate and differentiate their products to stay ahead of the competition.
Top Player’s Company Profiles
Recent Developments
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 by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the LED Light Face Mask market is predicted to be driven by increasing skincare product spending as well as the growing cost of LED light therapy compared to laser surgery. Also, growing consumer worries about their personal well-being as a consequence of evolving lifestyles and increased skin awareness are fueling the industry's expansion. The rise is likely to be driven by the growth of salons and cosmetic surgery centers that sell high-end skincare. In the upcoming years, it is anticipated that such trends may increase demand for LED light face masks. Growing R&D investments for efficient and safer treatments as well as technological and scientific advances in LED light therapy for skin improving health will offer market players with potential future growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 238.1 million |
Market size value in 2031 | USD 654.98 million |
Growth Rate | 11.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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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 |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the LED Light Face Mask 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 LED Light Face Mask 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the LED Light Face Mask Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the LED Light Face Mask 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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Report ID: SQMIG30L2129
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