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Beauty Devices Market Driven By NuFACE, TRIA BEAUTY, FOREO, YA-MAN LTD, ZIIP, Nu Skin Enterprises, MTG Co.,Ltd
Beauty Devices Market
Beauty devices are made and sold for the purpose of enhancing the physical attractiveness of users. These devices come in handy and are very useful for the cosmetic usage area including skin related issues, such as acne, wrinkles and scars usage areas among others. The market for beauty device is expected to witness huge growth due to changing consumer psyche towards beauty and wellness and increasing prevalence of age-related skin issues. The growth of the Beauty Devices in healthcare market is attributed to the increasing prevalence of age related skin issues, changing consumer psyche towards beauty and wellness. However, undesirable side effects are expected to restraint the growth of the market during the forecast years.
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Leading companies operating in the beauty devices market are NuFACE, L'OREAL GROUP, Procter &Gamble, Koninklijke Philips N.V., Panasonic Corporation, TRIA BEAUTY, FOREO, YA-MAN LTD, ZIIP, Silk’n, Nu Skin Enterprises, Inc.,MTGCo.,Ltd among others.
The global beauty devices market, based on the device type, is segmented into hair removal devices, cleansing devices, hair growth devices, rejuvenation devices, light/LED therapy and photorejuvenation devices, acne devices, skin dermal rollers, others. The hair removal devices segment held the largest share of the market in 2019. Whereas, the light/LED therapy and phot rejuvenation devices segment is estimated to register the highest CAGR in the market during the forecast period owing to their increasing usage in home applications. Moreover, LED light therapy is gaining popularity in both dermatologist offices and at home. Using different LED wavelengths, this skincare technique helps in treating acne, reduce inflammation, and promote anti-aging effects.
The beauty devices market is expected to grow, owing to factors such as preference toward increasing prevalence of age related skin issues, changing consumer psyche towards beauty and wellness. However, undesirable side effects are expected to restraint the growth of the market during the forecast years.
As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement.
Moreover, one in 10 people develop atopic dermatitis during their lifetime, and it affects up to 25% of children and 2– 3% of adults. Furthermore, over a quarter (28%) of women under 25 even admit that they regularly worry about their signs of aging, and this number has increased to 42% for those aged 25–34 and 54% for those aged 35–44. In addition, the poll of 2,000 women across the US, conducted by Dermstore, found that the young women have started using products to reduce the signs of aging much sooner than older women.
Beauty Devices in Healthcare Market – by Device Type
Hair Removal Devices
Cleansing Devices
Acne Devices
Light/LED Therapy and Photorejuvenation Devices
Hair Growth Devices
Skin Dermal Rollers
Rejuvenation Devices
Others
Beauty Devices in Healthcare Market – by Usage
Salon
Home
Spa
Beauty Devices in Healthcare Market – by Distribution Channel
Retail
E-commerce
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