The global beauty devices market is estimated to garner noteworthy revenue by growing at a notable CAGR over the forecast period, i.e., 2021–2029, owing to the increasing awareness about skin and hair problems caused by changing lifestyle. Pollution, high UV ray exposure, lack of exercise, and improper diet lead to various problems, such as, pigmentation, fine lines, hair fall, greying of hair, and dandruff, among others. Use of such beauty devices treats various similar skin and hair troubles, which is estimated to drive the market growth. Moreover, skin care is being increasingly adopted by men, which is anticipated to generate massive growth opportunities in the market by the end of 2029. Additionally, growing appearance consciousness among elderly population, backed by rising penetration of social media, is projected to promote the market growth.
The market is segmented by type into hair care, skin care, beauty, oral care and others, out of which, the skin care segment is anticipated to hold the largest share in the market during the forecast period on account of increasing prevalence of hormonal problems that cause acne, excessive hair growth, and other skin troubles. On the basis of mode of operation, the battery-operated segment is anticipated to garner the largest share over the forecast period owing to the ease of operation and lesser risk of damage as compared to electric devices. On the basis of application, the salon segment is estimated to hold the largest size in the market over the forecast period, on the back of high footfall in salons backed by the availability of trained professionals in parlors and salons.
Regionally, the global beauty devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to hold the largest share over the forecast period on the back of growing appearance consciousness in countries, such as, Korea, and Japan. Korea has the highest number of cosmetic surgeries every year, with almost 20% of the women getting a cosmetic surgery in the region. This is estimated to increase the demand for beauty devices in the region. Moreover, stressful lifestyle in developing countries, along with increasing disposable income is expected to boost the market growth. The market in the North America is anticipated to hold a considerable share over the forecast period owing to the growing influence of Hollywood celebrities on the masses, which encourages them to use skin and hair care devices. CLICK TO DOWNLOAD SAMPLE REPORT
The global beauty devices market is further classified on the basis of region as follows:
Our in-depth analysis of the global beauty devices market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing cases of skin diseases and hair problems due to pollution and poor lifestyle is a major factor driving the market growth.
The market is anticipated to attain a notable CAGR over the forecast period, i.e., 2021-2029.
Side effect of beauty devices is one of the factors estimated to hamper the market growth.
The market in Asia Pacific is estimated to provide most growth opportunities owing to the increasing consciousness about personal appearance in the region.
The major players in the market are Oriflame Cosmetics AG, L’Oreal S.A., Panasonic Corportion, Johnson & Johnson Consumer Inc., Tria Beauty, The Procter & Gamble Company, Home Skinovations Ltd., Candela Corporation and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, portability, mode of operation, application, end-user, and by region.
The salon segment is anticipated to hold largest market over the forecast period owing to the growing footfall in salons.
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