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Beauty Devices Market To Value $311,039.3 Million in 2030

10-19-2021 07:39 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Beauty Devices Market To Value $311,039.3 Million in 2030

The beauty devices market is being propelled by the rising incidence of skin diseases, increasing awareness of the public about such products, booming geriatric population, and surging appearance consciousness. Resultingly, the sale of such devices generated $50,814.4 million in 2020, which is set to reach $311,039.3 million by 2030, at a 20.6% CAGR between 2021 and 2030 (forecast period). Another key factor that is helping in the industry advance is the rising availability of such products online.

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The categories on the basis of type are hair removal, acne treatment, cleansing, light-emitting diode (LED) therapy and photorejuvenation, hair growth, cellulite reduction, oxygen/facial steaming, and dermarolling. Among these, the LED therapy and photorejuvanation category generated the highest revenue during 2015–2020 (historical period) because of the usage of these devices for a range of dermatological problems, such as blemishes, pigmentation, wrinkles, age spots, sun-induced freckles, and fine lines. This is why this category will also witness the fastest growth during the forecast period, to retain its dominance.

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Salon, at-home, and spa are the categories of the beauty devices market under segmented by usage. In 2020, the salon category held the largest share because of the increasing number of such establishments across the globe. Salons are preferred by people as they offer a range of beauty services and treatment for many skin issues at cost-effective rates. Moreover, with people becoming more conscious of their appearance, they are visiting salons for a comprehensive beauty and skincare regimen.

In 2020, North America dominated the beauty devices market on account of the high disposable income of people. Moreover, 50 million in the U.S. suffer from acne each year, as per the American Academy of Dermatology (AAD), thereby driving the demand for these devices. Additionally, several market players are headquartered in the region, who are engaging in research and development (R&D) to offer advanced products. Other key reasons for the regional market growth are the rising geriatric population and appearance consciousness.

Hence, with the increasing focus on looks, the market will continue to advance.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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