Press release
Beauty Devices Market to reach a value of US$ 80 Bn with CAGR of more than 15% from 2021 to 2031
Beauty Devices Market 2022
According to a revised study by Persistence Market Research, the global beauty devices market is expected to be valued at US$ 32 Bn in 2021, and is expected to expand at an impressive CAGR of more than 15% from 2021 to 2031, to reach a value of US$ 80 Bn in 2031.
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Globally, the beauty devices market is witnessing significant growth due to increasing disposable income, which is enabling people to spend more on personal care. In addition, rise in aging the population and increasing prevalence of skin diseases and harmful effects of ultraviolet radiation are also driving the growth of the market.
However, there are various risks and complications associated with beauty devices which may lead to bruising, swelling, and redness. In addition, extended availability of easy-to-use beauty products inhibits the growth of the market.
In North America, increasing aging population and availability of advanced devices are driving the use of beauty devices in the market. In addition, in the U.S., there are around 750,000 beauty salons and spas. These beauty salon and spas have propelled the demand for beauty devices and personal care products in order to offer better services to their customers.
In Europe, the beauty devices market is driven by rising aging population. In addition, in Spain the market is evolving due to rising awareness about potential healing applications of beauty devices in the treatment of skin and hair problems.
However, in Asia the growth for beauty devices is much higher than developed countries due to increasing disposable income, availability of multinational brands and the introduction of less expensive beauty devices.
L'Oréal Group, Nu Skin Enterprises, Inc., Home Skinovations, Ltd., PhotoMedex, Inc., TRIA Beauty, Inc., Syneron Medical, Ltd., Koninklijke Philips N.V., Panasonic Corporation, Carol Cole Company and Procter & Gamble are some of the major players of beauty devices market.
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Market Segmentation
Usage Area
Salon
Spa
At-home
Others
Type
Hair removal devices
Cleansing devices
Acne devices
Rejuvenation devices
Light/LED therapy and photo rejuvenation devices
Oxygen and steamer devices
Hair growth devices
Skin Derma rollers
Cellulite reduction devices
Others
Geography
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
The U.K.
Asia
China
Japan
India
Latin America
Brazil
Rest of the World (RoW)
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Key Questions Answered in the Beauty Devices Market Report
How is the Beauty Devices Market expected to grow over the projected period?
What direction is the Beauty Devices Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Beauty Devices Market in future?
What are the key market drivers in the Beauty Devices Market?
What are significant opportunities and improvement areas for Beauty Devices Market manufacturers?
What are the key developments and trends taking over the Beauty Devices Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Beauty Devices Market?
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