According to a new research report by Precedence Research, The beauty devices market size is forecast to exceed US$ 64.5 billion by 2030 from USD 29.8 billion in 2020 and is expected to grow at the highest CAGR of 7% from 2021-2030. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
Beauty devices are extensively used across the globe to treat a number of skin issues such as acnes, pigmentation, blemishes, age spots, wrinkles, and freckles. The rising demand from the young population for the beauty devices is significantly driving the market growth. The rising concerns among the young men and women regarding their appearances and aesthetics is propelling the demand for the beauty devices. Furthermore, rising geriatric population is a major factor that augments the market growth.
According to the United Nations, the global population aged 65 years or above is estimated to reach 1.5 billion by 2020. The desire to look young among the aging women population is fostering the demand for the anti-aging devices. Further, the rising awareness regarding the beauty devices and different skin treatments through the social media platforms is exponentially contributing towards the growth of the global market.
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Crucial factors accountable for market growth are:
- Rising consumer expenditure on beauty and cosmetics
- Rising cases of road accidents that causes scars
- New product launches for at-home use of beauty devices
- Growing geriatric population across the globe
- Rising prevalence of Hirsutism among women
- Rising importance of social media marketing
- Huge youth population in developing nations
- Rising penetration of spas and salons
Regional Snapshot
North America dominated the global beauty devices market in 2020 and is expected to retain its position throughout the forecast period. North America is characterized by increased disposable income, rising geriatric population, increased awareness regarding the beauty devices, higher adoption of advanced technology, and increased demand for personal care products. The increased preferences among the consumers for self-care is boosting the demand for the beauty devices in the region. Further, the presence of various regional players and various developmental strategies adopted by them is positively impacting the growth of the market.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is attributable to huge population, rapid urbanization, rising disposable income, rising awareness regarding the availability of beauty devices, and improved living standards. The rising prevalence of skin problems owing to the rising pollution is driving the market growth in the region. Further, the rising penetration of social media and aggressive marketing by the players through social media platforms is fueling the growth of the beauty devices market in the Asia Pacific region.
Report Highlights
- Based on the type, the hair removal devices segment was the largest segment in 2020. This is attributed to the extensive use of hair removal devices. The spas and salons play a significant role in the consumption of hair removal devices owing to their regular need for serving the women consumers. Further, the rising cases of hirsutism among the women are boosting the demand. Hirsutism is a condition in which the women develops male like hair patterns on chest, back, and face. According to the National Center for Biotechnology Information, around 10% women in US are suffering from hirsutism.
- Based on the application, the home segment is expected to be the most opportunistic segment owing to the rising focus of the manufacturers to provide beauty devices to the consumers for at-home use. The rising consumer expenditure of beauty and cosmetic products is expected to fuel the growth of this segment.
Regional Snapshot
North America dominated the global beauty devices market in 2020 and is expected to retain its position throughout the forecast period. North America is characterized by increased disposable income, rising geriatric population, increased awareness regarding the beauty devices, higher adoption of advanced technology, and increased demand for personal care products. The increased preferences among the consumers for self-care is boosting the demand for the beauty devices in the region. Further, the presence of various regional players and various developmental strategies adopted by them is positively impacting the growth of the market.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is attributable to huge population, rapid urbanization, rising disposable income, rising awareness regarding the availability of beauty devices, and improved living standards. The rising prevalence of skin problems owing to the rising pollution is driving the market growth in the region. Further, the rising penetration of social media and aggressive marketing by the players through social media platforms is fueling the growth of the beauty devices market in the Asia Pacific region.
Some of the prominent players in the global beauty devices market include:
- Panasonic Corporation
- YA-MAN Ltd.
- MTG Co. Ltd.
- TRIA Beauty, Inc.
- L’Oreal S A
- Lumenis Ltd.
- Home Skinovations Ltd.
- Nu Skin Enterprises
- Carol Cole Company Inc.
- Koninklijke Philips N.V.
- LightStim
- Conair Corporation
- Candela Corporation
- Spectrum Brands Holdings Inc.
- Capillus LLC.
Segments Covered in the Report
By Type
- Acne Devices
- Hair Removal Devices
- Hair Growth Devices
- Cleansing Devices
- Rejuvenation Devices
- Oxygen & Steamer Devices
- Others
By Application
- Salon
- Spa
- Home
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Beauty Devices Market
5.1. COVID-19 Landscape: Beauty Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Beauty Devices Market, By Product
8.1. Beauty Devices Market, by Product Type, 2021-2030
8.1.1. Acne Devices
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Hair Removal Devices
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Hair Growth Devices
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Cleansing Devices
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Rejuvenation Devices
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Oxygen & Steamer Devices
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Beauty Devices Market, By Application
9.1. Beauty Devices Market, by Application, 2021-2030
9.1.1. Salon
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Spa
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Home
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Beauty Devices Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Panasonic Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. YA-MAN Ltd.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. MTG Co. Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. TRIA Beauty, Inc.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. L’Oreal S A
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Lumenis Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Home Skinovations Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Nu Skin Enterprises
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Carol Cole Company Inc.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Koninklijke Philips N.V.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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