Press release
Beauty Devices Market Sales to Top US$ 80 Bn with CAGR of more than 15% by the end of 2031
Beauty Devices Market 2022
The global beauty devices market is expected to reach a valuation of US$ 32 Bn in 2021. Persistence Market Research has predicted the market value to top US$ 80 Bn with CAGR of more than 15% by the end of 2031.
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According to a revised study by Persistence Market Research, the global Beauty Devices Market Size 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.
Globally, the Beauty Devices Market Size 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 Size 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 Size.
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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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Beauty Devices Market Size - Report Highlights
A detailed overview of parent market of Beauty Devices Market Size
Changing Beauty Devices Market Size dynamics in the industry
In-depth segmentation of the Beauty Devices Market Size
Historical, current, and projected Beauty Devices Market Size size regarding volume and value
Recent industry trends and developments in Beauty Devices Market Size
Competitive landscape of the Beauty Devices Market Size
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Beauty Devices Market Size performance
Must-have information for Beauty Devices Market Size players to sustain and enhance their market footprint
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PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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