Beauty Devices Market Size, Share, Growth Report 2030

Beauty Devices Market

Beauty Devices Market by Product Type (Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care Devices, Eye Care Devices, and Others), by Gender (Female and Male), by End User (Professional and Homecare): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-469 Published Date: Apr-2021 Status : Published

Global beauty devices market size accounted for $21.31 Billion in 2020 and is expected to reach $50.56 Billion by 2028, growing at a CAGR of 12.8%

Global Beauty Devices Market Overview

The global beauty devices market accounted for USD 21.31 Billion in 2020 and is expected to reach USD 50.56 Billion by 2028, growing at a CAGR of 12.8% from 2021 to 2028.

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.

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COVID-19 Impact Analysis

Beauty device industry market is undergoing a lot of challenges, since the demand for the goods is falling and it is directly affecting the revenue for the organizations during the pandemic. Companies like L’Oréal S.A., Proctor and Gamble, Johnson and Johnson, and Estee Lauder which are offering various products for the end user are encountering a substantial fall in the demand for these products.

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.

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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.

Report Scope

Report Attributes Report Details
Report Name Beauty Devices Market Research Survey Report
Market Size in 2020 USD 21.31 Billion
Market Forecast by 2028 USD 50.56 Billion
Compound Annual Growth Rate CAGR of 12.8%%
Number of Pages 110
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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, and Carol Cole Company, among others.
Segments Covered By Product Type, By Gender, By End User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Product Type Segment Analysis Preview

Skin care devices segment held a share of over 15% in 2020. 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.

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End User Segment Analysis Preview

The homecare segment is projected to grow at a CAGR of around 10% from 2021 to 2028. 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.

Regional Analysis Preview

North America held a share exceeding 25% in 2020. 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.

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Asia Pacific is projected to grow at a CAGR of 14.2% during the forecast period in the global market for beauty devices. 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, and Carol Cole Company, among others. These companies have apprehended the major part of the global market in the beauty devices market, entry of new companies is estimated to rise the level of competition in the coming years. Mergers and acquisitions have arrived as the strongest set of strategic measures in the beauty devices market, due to the continued achievement of business growth by the major companies.

For instance, in 2018 September, Ellipse was acquired by Syneron Medical Ltd.., Denmark-based producer of IPL devices (intense pulsed light) and laser, to cater a large number of aesthetic skin and medical purposes. Similarly, in 2018 March, ModiFace Inc. was acquired by L'Oréal, which cater AI (Artificial Intelligence) and AR (Augmented Reality), these are the latest technologies for the beauty sector. By this move, L'Oréal was aiming to advance technologically its 34 brands, for a broader customer view.

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

Table Of Content

Methodology

FrequentlyAsked Questions

The global beauty devices market was valued at USD 21.31 Billion in 2020.

The global beauty devices market is expected to reach USD 50.56 Billion by 2028, growing at a CAGR of 12.8% between 2021 to 2028.

Dropping prices of beauty devices due to the fierce market competition, the surging geriatric population and increasing incidence of hormonal and dermatological ailments are the drivers in beauty devices market growth.

North America held a share of over 25% in the global beauty devices market. This is attributable to the increase in disposable income coupled with appearance consciousness which led to an increase in spending on beauty products devices.

Some of key players beauty devices market include Nu Skin Enterprises Inc., PhotoMedex Inc., Syneron Medical Ltd., Panasonic Corporation, Procter & Gamble, L’Oréal Group, TRIA Beauty Inc., Koninklijke Philips N.V., Carol Cole Company, and Home Skinovations Ltd., among others.

The homecare segment is projected to grow at a CAGR of around 10% from 2021 to 2028. 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.

One major growth driver for 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 growth in 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.

The skin care devices segment held a share of over 15% in 2020. Skincare devices include 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.

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