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Beauty Devices Market Segmentation by Type {Hair Care (Hair Growth Devices, Hair Styling Devices, and Others), Skin Care (Hair Removal Devices, Derma Rollers, and Others), Beauty, Oral Care, and Others}; by Portability (Portable, and Non-Portable); by Mode of Operation (Electric, Battery-Operated, and Manual); by Application (Salon, Home, and Others); and by End-User (Men, and Women) – Global Demand Analysis & Opportunity Outlook 2029

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Global Beauty Devices Market Highlights over 2020-2029

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.

Global Beauty Devices Market

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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.

Global Beauty Devices Market Regional Synopsis

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.

Global Beauty Devices Market

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The global beauty devices market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global beauty devices market includes the following segments:

By Type

  • Hair Care
    • Hair Growth Devices
    • Hair Styling Devices
    • Others
  • Skin Care
    • Hair Removal Devices
    • Derma Rollers
    • Others
  • Beauty
  • Oral Care
  • Others

By Portability

  • Portable
  • Non-Portable

By Mode Of Operation

  • Electric
  • Battery-Operated
  • Manual

By Application

  • Salon
  • Home
  • Others

By End-User

  • Men
  • Women

Growth Drivers

  • Increasing Cases of Skin Diseases and Hair Fall Problems Due to Environmental Pollution
  • Ease in Availability of Beauty Devices
  • Growing Adoption of Skin Care and Beauty Products Among Men

Challenges

  • Side Effects of Certain Devices on Sensitive Skin Type
  • High Cost of Such Beauty Devices

Top Featured Companies Dominating the Market

  • Nu Skin Enterprises, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Oriflame Cosmetics AG
  • L’Oreal S.A.
  • Panasonic Corporation
  • Johnson & Johnson Consumer Inc.
  • Tria Beauty
  • The Procter & Gamble Company
  • Home Skinovations Ltd.
  • Candela Corporation
  • Koninklijke Philips N.V.

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