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.
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.
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.
Growth Factors
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.
Moreover, another factor for the growth in this market is increasing skin problems. For instance, photo aging, which 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, 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 Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
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.
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.
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 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
By Gender
By End User
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Product Type
FIG NO. 2. Market Attractiveness Analysis, By Gender
FIG NO. 3. Market Attractiveness Analysis, By End User
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Beauty Devices Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Product Type, 2020 & 2028
FIG NO. 8. Global Beauty Devices Market for Hair Care Devices, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Beauty Devices Market for Hair Care Devices, By Country, 2020 & 2028
FIG NO. 10. Global Beauty Devices Market for Facial Care Devices, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Beauty Devices Market for Facial Care Devices, By Country, 2020 & 2028
FIG NO. 12. Global Beauty Devices Market for Skin Care Devices, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Beauty Devices Market for Skin Care Devices, By Country, 2020 & 2028
FIG NO. 14. Global Beauty Devices Market for Eye Care Devices, Revenue (USD Million) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Beauty Devices Market for Eye Care Devices, By Country, 2020 & 2028
FIG NO. 16. Global Beauty Devices Market for Oral Care Devices, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Beauty Devices Market for Oral Care Devices, By Country, 2020 & 2028
FIG NO. 18. Market Revenue Share, By Gender, 2020 & 2028
FIG NO. 19. Global Beauty Devices Market for Male, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Beauty Devices Market for Male, By Country, 2020 & 2028
FIG NO. 21. Global Beauty Devices Market for Female, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Beauty Devices Market for Female, By Country, 2020 & 2028
FIG NO. 23. Market Revenue Share, By End User, 2020 & 2028
FIG NO. 24. Global Beauty Devices Market for Professional, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Beauty Devices Market for Professional, By Country, 2020 & 2028
FIG NO. 26. Global Beauty Devices Market for Homecare, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Beauty Devices Market for Homecare, By Country, 2020 & 2028
FIG NO. 28. Global Beauty Devices Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Beauty Devices Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 30. Porter’s Five Forces Analysis for Global Beauty Devices Market
FIG NO. 31. PEST Analysis for Global Beauty Devices Market
FIG NO. 32. Pricing Analysis for Global Beauty Devices Market
FIG NO. 33. Value Chain Analysis for Global Beauty Devices Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. L'Oréal Business Segment Revenue Share, 2020 (%)
FIG NO. 38. L'Oréal Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology
List of Tables
TABLE NO. 1. Global Beauty Devices Market Snapshot
TABLE NO. 2. Quarterly Beauty Devices Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Beauty Devices Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Beauty Devices Market for Hair Care Devices, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Beauty Devices Market for Facial Care Devices, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Beauty Devices Market for Skin Care Devices, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Beauty Devices Market for Eye Care Devices, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Beauty Devices Market for Oral Care Devices, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Beauty Devices Market for Male, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Beauty Devices Market for Female, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Beauty Devices Market for Professional, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Beauty Devices Market for Homecare, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Beauty Devices Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Beauty Devices Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Beauty Devices Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Beauty Devices Market Revenue, By Gender, 2016 – 2028 (USD Million)
TABLE NO. 19. North America Beauty Devices Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 20. U.S. Beauty Devices Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 21. U.S. Beauty Devices Market Revenue, By Gender, 2016 – 2028 (USD Million)
TABLE NO. 22. U.S. Beauty Devices Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 23. Canada Beauty Devices Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 24. Canada Beauty Devices Market Revenue, By Gender, 2016 – 2028 (USD Million)
TABLE NO. 25. Canada Beauty Devices Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 26. Mexico Beauty Devices Market Revenue, By Product Type, 2016 – 2028 (USD Million)
TABLE NO. 27. Mexico Beauty Devices Market Revenue, By Gender, 2016 – 2028 (USD Million)
TABLE NO. 28 Mexico Beauty Devices Market Revenue, By End User, 2016 – 2028 (USD Million)
TABLE NO. 29. Drivers for the Beauty Devices Market Impact Analysis
TABLE NO. 30. Restraints for the Beauty Devices Market Impact Analysis
TABLE NO. 31. Major Buyers of Beauty Devices Market
TABLE NO. 32. Distributors/Traders List of Beauty Devices Market
TABLE NO. 33. Global Beauty Devices Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 34. Global Beauty Devices Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
Request the coronavirus impact analysis across industries and markets
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.
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