Overview and Scope
A beauty device is an electronic tool or device used to enhance the appearance
of the skin or hair. These devices are designed to amplify the results of
beauty treatments. They are used at home or in a salon setting and include a
wide range of products, such as facial cleansing brushes, LED light therapy
devices, microcurrent devices, hair removal devices, and more.
Sizing and Forecast
The beauty device market size has grown rapidly in recent years. It will grow
from $44.84 billion in 2023 to $51.86 billion in 2024 at a compound annual
growth rate (CAGR) of 15.7%. The growth
in the historic period can be attributed to personalization, sustainability,
health and wellness focus, virtual consultations, and integration with
wearables.
The beauty device market size is expected to see rapid growth in the next few
years. It will grow to $92.55 billion in 2028 at a compound annual growth rate
(CAGR) of 15.6%. The growth in the
forecast period can be attributed to increasing disposable income, rising aging
population, celebrity endorsements, consumer education, and retail expansion.
Major trends in the forecast period include at-home treatments, tech
integration, multi-functionality, technological innovations, and product
launches.
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Segmentation & Regional Insights
The beauty devices market covered in this report is segmented –
1) By Type: Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care
Devices, Eye Care Devices
2) By Gender: Female, Male
3) By End Users: Commercial Or Professional, Domestic Or Personalized Or
Homecare
North America was the largest region in the beauty devices market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the beauty devices market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of cosmetic procedures is expected to propel the growth
of the beauty device market going forward. Cosmetic procedures refer to medical
or aesthetic treatments performed to enhance or alter a person's appearance for
non-medical reasons. Cosmetic procedures are increasing due to several factors,
including technological advances in cosmetic surgery that have made them safer
and less invasive, with a faster recovery time, and lowered the cost of procedures.
Beauty devices play a crucial role in cosmetic procedures by offering advanced
technologies and tools to enhance various aspects of aesthetic treatments.
These devices are designed to provide effective and innovative solutions to
address cosmetic concerns and improve the overall appearance of individuals.
For instance, in March 2023, according to the British Association of Aesthetic
Plastic Surgeons, a UK-based surgical organization, in 2022, 31,057 cosmetic
procedures were performed, a 102% increase from the year before. Therefore, the
increasing number of cosmetic procedures is driving the growth of the beauty
device market.
Key Industry Players
Major companies operating in the beauty devices market are Johnson &
Johnson, Hitachi Ltd., The Procter & Gamble Company, MTG Co. Ltd., Unilever
plc, Panasonic Corporation, L'Oréal S.A., Koninklijke Philips N.V., Shiseido,
Amorepacific Corporation, Nu Skin Enterprises Inc., Conair Corporation, Revlon,
FOREO, Oriflame, YA-MAN Ltd., Silk'n, Carol Cole Company, Cynosure, LLC,
Beurer, Beurer, Sciton Inc., Syneron Medical Ltd., Homedics, Clarisonic, Tria
Beauty, TRIA Beauty, NuFACE, Quasar Bio-Tech Inc., Trophy Skin
The beauty devices market report table of contents includes:
1. Executive Summary
2. Beauty
Devices Market Characteristics
3. Beauty
Devices Market Trends And Strategies
4. Beauty
Devices Market - Macro Economic Scenario
5. Global
Beauty Devices Market Size and Growth
.
32. Global
Beauty Devices Market Competitive Benchmarking
33. Global
Beauty Devices Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Beauty Devices Market
35. Beauty
Devices Market Future Outlook and Potential Analysis
36.
Appendix
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