Beauty Devices Market Size, Share, Growth and Forecast 2032

Beauty Devices Market Insights

According to Zion Market Research, the global Beauty Devices Market was worth USD 59.67 Billion in 2023. The market is forecast to reach USD 119.29 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Beauty Devices Market industry over the next decade.

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Global Beauty Devices Market: Overview

Beauty is one of the crucial characteristic of women and men both. Nowadays, Beauty devices are used in every segment such as, hair, facial, skin, oral and eye. Online Marketing and technological advancement is helping in commercializing the market for beauty devices, also people are more conscious about their appearance. Existing market players are mostly focusing on out of the box approaches and advanced technology, which has created a tough competition among the current market players which led to a decrease in prices, since people are getting to know about the market they weren’t aware of.

Supply for various raw material used for the production of beauty devices has decreased as countries went into complete or partial lockdown which affected the transportation. This then led to a decrease in supply of beauty devices. It has been noticed that the rise in fear for infection of COVID has resulted into labor shortages.

Beauty Devices Market: Growth Factors

One major growth driver for the beauty devices market is the aging population. As old age is nothing but loss of elasticity, laxity, wrinkling and rough textured appearance. As we grow our skin develops lesion like benign tumors, skin becomes slack, more transparent, more fragile, rough and dry. The reason for the growth in the beauty devices market is people are very conscious about their appearance and these beauty devices are helping them revitalizing skin, tightening skin tissues, reducing wrinkles and many more such reasons.

Moreover, another factor for the growth in this market is increasing skin problems. For instance, photo aging, is a result of exposure to UV rays and pollution, which causes sunburn, hair loss and reduction in skin elasticity. Pollution and excessive consumption of tobacco and alcohol are the major reasons which led to a surge in skin problems. Therefore, due to all these issues, people are rapidly purchasing beauty devices for their management and treatment. Improving quality of life, the effect of appearance in self-esteem and confidence, and a shift towards luxury segment are also some of the reasons for the growth of beauty devices market industry.

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Beauty Devices Market: Segment Analysis Preview

Skin care devices includes dermatoscopy devices, biopsy devices, cryotherapy devices, liposuction, LED therapy and many more. This is due to the rising pervasiveness of increasing in the disposable income, growing pollution, growing global warming, and appearance consciousness. Hair care, oral care, eye care, and facial devices form the Product Type segment.

This is due to the increasing awareness of online shopping, awareness over beauty pageants in the fashion industry. These devices are easily available through various distribution channels and are easy to use.

Beauty Devices Market: Report Scope

Beauty Devices Market: Regional Analysis Preview

The major reason that contributed to this number is increase in disposable income coupled with appearance consciousness which led to an increase in spending on beauty products devices. Further, the preference of end users in this region is shifting towards organic products and technology-driven products and procedures. This has led to an increase in the sale of such devices. Similarly, the incidence of skin diseases, like, acne, burn cases, is surging in the U.S. which is expected to augment the market growth.

India and China are estimated to grow at a rapid pace in this region. Moreover, the beauty and personal care market in China are also growing due to the rapid economic development in the country.

Key Market Players & Competitive Landscape

Some of key players in the beauty device market include

• L'Oréal
• Nu Skin Enterprises
• Home Skinovations, Ltd
• Syneron Medical, Ltd
• TRIA Beauty, Inc
• PhotoMedex, Inc
• Koninklijke Philips N.V.
• Panasonic Corporation
• Proctor and Gamble
• Carol Cole Company

The global beauty devices market is segmented as follows:

By Product Type

• Hair Care Devices
• Facial Care Devices
• Skin Care Devices
• Oral Care Devices
• Eye Care Devices
• Others

By Gender

• Male
• Female

By End User

• Professional
• Homecare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa