The global beauty devices market is expected to reach US$ 80,741.48 Mn in 2028 from US$ 29,648.11 Mn in 2020. The market is estimated to grow with a CAGR of 13.7% from 2022-2028. The report provides trends prevailing in the global Beauty Devices market and the factors driving market along with those that act as hindrances.
Changing consumer psyche towards beauty and wellness is driving the growth of the market. Increasing work hours and changing lifestyle have contributed to rising levels of stress, resulting in several issues on outward appearance, especially on the skin and hair. Also, the increasing level of pollution shows detrimental effects on an individual’s physical appearance. These issues can be controlled with the use of RF roller and blue light devices for acne. Customers have continued to show keen interest in experiencing beauty and wellness services to rejuvenate their body. Thus, international grooming products and services at home have gained popularity to a great extent.
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Market Insights
Increasing Prevalence of Skin Issues
Age-related skin issues, such as pigmentation, wrinkles, creases, and acne, as well as burn scars due to accidents are extremely common among masses. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting about 50 million Americans annually. Approximately 85% of people between the ages of 12 and 24 experience the onset of minor acne. The costs associated with the treatment and lost productivity among those who sought medical care for acne exceeded US$ 1.2 billion, and more than 5.1 million people had sought medical treatment for acne, primarily children and young adults, in 2013.
Moreover, one in 10 people develop atopic dermatitis during their lifetime, and it affects up to 25% of children and 2–3% of adults. Furthermore, over a quarter (28%) of women under 25 even admit that they regularly worry about their signs of aging, and this number has increased to 42% for those aged 25–34 and 54% for those aged 35–44. In addition, the poll of 2,000 women across the US, conducted by Dermstore, found that the young women have started using products to reduce the signs of aging much sooner than older women.
Device Type Insights
Based on device type, the beauty devices market is segmented into hair removal devices, cleansing devices, hair growth devices, rejuvenation devices, light/LED therapy and photorejuvenation devices, acne devices, skin dermal rollers, and others. The hair removal devices segment held the largest share of the market in 2019 owing to rising application of intense pulsed light (IPL) devices. The demand for these devices has hiked due to their precision in removing hair. The market for light/LED therapy and photorejuvenation devices is expected to register the highest CAGR in the market during the forecast period due to increasing, use of LED therapy for removing wrinkles, sun spots, acne, and facial lines.
Global Beauty Devices Market, by Sample Type– 2019 & 2027
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Usage Area Insights
The beauty devices market, by usage area, is segmented into salon, home and spa. In 2019, the reagent the salon accounted for the largest market share in the global beauty devices market by owing to increasing pollution level, increasing working women, and keenness toward self-care are among the factors facilitating the growth of beauty devices in salon space. Apart from this, rising geriatrics population that further creates a favorable environment for industry players is also driving the growth of the market.
Distribution Channel Insights
The beauty devices market, by distribution channel, is segmented into retail and e-commerce. The retail segment held the largest share of the market in 2019 owing to rise of at-home beauty devices by companies such as Tria, Foreo, and ZIIP is supporting this trend. Apart from this, many beauty care device companies sell their products through their own retail stores or salons. The development of these direct-to-consumer businesses are an important sign of change in retail for beauty and a challenge to established retail channels.
Strategic Insights
Product launches and expansion strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is most commonly adopted by the market players in order to expand its product portfolio.
The market players operating in the beauty devices market adopted the strategy of product innovation to cater to changing customer demand across the world, which also permits the players to maintain their brand name globally.
Global Beauty Devices Market – By Device Type
- Hair Removal Devices
- Cleansing Devices
- Acne Devices
- Light/LED Therapy and Photorejuvenation Devices
- Hair Growth Devices
- Skin Dermal Rollers
- Rejuvenation Devices
- Others
Global Beauty Devices Market – By Usage Area
- Salon
- Home
- Spa
Global Beauty Devices Market – By Distribution Channel
- Retail
- E-commerce
The List of Companies - Beauty Devices Market
- NuFACE
- L'OREAL GROUP
- Procter & Gamble
- Koninklijke Philips N.V.
- Panasonic Corporation
- TRIA BEAUTY
- FOREO
- YA-MAN LTD
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