Beauty Devices Market

Global Beauty Devices Market

Beauty Devices Market - by Type, Application, Portability, Mode of Operation, Gender, End Users, Distribution Channel and Region.

Market Synopsis:

The Global Beauty Devices Market is valued at USD 60.49 Billion in the year 2022 and is forecasted to reach a value of USD 236.77 Billion by the year 2030. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 18.60% over the forecast period.

Acne, pigmentation, blemishes, age spots, wrinkles, and freckles are just a few of the skin disorders that beauty gadgets are used to treat all over the world. Some of the important drivers driving the Beauty Devices Market are the rising prevalence of skin illnesses, the ageing population, and the damaging impacts of UV radiation. Excessive usage of beauty gadgets is predicted to result in consequences such as contact dermatitis and superficial fungal and bacterial infections, which are expected to stifle the market's growth. Additionally, the lack of simple-to-use beauty products, as well as the complexities and risks connected with beauty gadgets, are projected to stymie industry expansion.

The majority of people are familiar with beauty products and how to apply these. Skincare gadgets have a number of advantages. They can be used to treat, improve, and enhance the appearance of the skin. There are devices for the skin, hair, hands, and feet, among other things. These skin-care items are used in salons, spas, and at-home cosmetic treatments. Beauty gadgets can be used in a variety of ways. They have the ability to cleanse, cure acne, and repair damage. Hair beautification equipment may clean, repair, and strengthen hair follicles, as well as open them. All of these unique characteristics of skin care items attract the majority of the population to the market. All of these things will have a beneficial impact on the market for beauty gadgets.

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Market Segmentation:

The Beauty Devices Market is segmented on the basis of type, application, portability, mode of operation, gender, and end users. Based on type, the market is segmented as Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care Devices, and Eye Care Devices. Based on application, the market is segmented as Hair, Facial, Skin, Oral, and Eye. Based on portability, the market is segmented as Pocket-Sized/Handheld Device and Fixed. Based on mode of operation, the market is segmented as Electric and Battery Operated and Manual. Based on gender, the market is segmented as Female and Male. Based on end users, the market is segmented as Commercial/Professional.

Based on Type:

Based on type, the market is segmented as Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care Devices, and Eye Care Devices. The hair care devices section was the largest market by type in 2021. This is owing to the widespread usage of hair care machines. Due to their regular requirement to serve women clients, spas and salons play an important role in the consumption of hair care devices. In addition, the increased prevalence of hirsutism among women is driving up demand. Hirsutism is a disorder in which a woman's chest, back, and face acquire male-like hair patterns. According to the National Centre for Biotechnology Information, hirsutism affects about 10% of women in the United States.

Based on Portability:

The market is divided into two categories based on portability: Pocket-Sized/Handheld Device and Fixed. Due to their appeal to females, handheld devices are predicted to rise faster in the global personalised Beauty Devices Market. Consumers also benefit from their ease of use and portability. TRIA Beauty's Tria SmoothBeauty device, for instance, is crafted of high-quality plastic that feels good in the palm and isn't overly heavy.

North America is projected to grow at the highest CAGR during the forecast period

In 2021, North America accounted for the largest contributor to the beauty gadget market. This is primarily due to the region's high disposable income, which drives up personal care product spending. Furthermore, as people become more mindful of their looks, they are adopting more technologically advanced beauty equipment. Furthermore, this region's sophisticated beauty technology is a significant demand element. According to a US medical journal, the PCOS and geriatric populations are on the rise. It has resulted in a significant increase in the demand for skincare gadgets.

Moreover, more disposable income, a growing older population, increased awareness of beauty gadgets, higher acceptance of modern technologies, and increased demand for personal care items characterize North America. The rising popularity of self-care among consumers is driving up demand for cosmetic equipment in the region. Furthermore, the existence of several regional players, as well as their various development plans, has a favourable impact on the market's growth.

Competitive Landscape:

The key players in the Global Beauty Devices Market include- Nu Skin (US), Candela Corporation (US), Silkn (US), Tria Beauty (US), Curallux LLC. (US), Termosalud (Spain), Foreo (Sweden), Tech4beauty (Germany), Koninklijke Philips N.V. (Netherlands), Conair Corporation (US), Lumenis (Israel), Cynosure (US), Sciton Inc. (US), Fotona (Slovenia), Procter & Gamble (US), Colgate-Palmolive Company (US), Lutronic (South Korea), Strata Skin Sciences (US), Nuface (US), Spectrum Brands Inc. (US), Cutera (US), Merz North America Inc. (US), El. En. S.P.A. (Italy), Ya-Man Ltd. (Japan), Panasonic Corporation (Japan), Alma Lasers (Israel), Bausch Health Companies Inc. (Canada) and others.

Segmentation of the Global Beauty Devices Market: