Beauty Devices Market to Expand at a CAGR of More Than 15% Over the Forecast Period by 2031

According to a revised study by Persistence Market Research, the global beauty equipment market is expected to grow to a size of $32 billion in 2021, extending to an impressive CAGR of more than 15% from 2021 to 2031, and 2031. It is worth $80 billion a year. .

Across the globe, the beauty equipment market has witnessed considerable growth owing to rising disposable income, which allows people to spend more on personal care. Increasing population aging, rising prevalence of skin diseases, and harmful effects of UV rays are also driving the market growth.

However, there are various risks and complications associated with cosmetic devices that can cause bruising, swelling and redness. Also, the expanded availability of easy-to-use beauty products hinders the market growth.

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In North America, the use of beauty devices in the market is increasing as the aging population increases and the availability of advanced devices increases. There are also approximately 750,000 beauty salons and spas in America. These beauty salons and spas have driven demand for beauty equipment and personal care products to better serve their customers.

In Europe, the beauty equipment market is driven by an increasing aging population. Moreover, in Spain, the market is evolving as awareness of the potential healing applications of beauty devices to treat skin and hair problems increases.

However, in Asia, the growth of beauty equipment is much higher than in developed countries due to rising disposable income, availability of multinational brands and introduction of cheap beauty equipment.

L'Oréal Group, Nu Skin Enterprises, Inc., Home Skinovations, Ltd., PhotoMedex, Inc., TRIA Beauty, Inc., Syneron Medical, Ltd., Koninklijke Philips NV, Panasonic Corporation, Carol Cole Company, Procter & GambleBeauty Some of the major players in the equipment market.

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Key market dynamics

One of the major factors in the global market for beauty devices is the aging of the population as the elderly are associated with loss of fibrous tissue and reduced lines and vascular networks in the skin layers. In older people, the skin characteristics and appearance change, causing dryness, sagging skin, wrinkles, and pigmentation changes.

In addition, anti-aging products and devices help to tighten, revitalize, look younger, and reduce skin aging, further boosting the market demand for beauty equipment.

However, there are certain side effects associated with using beauty equipment. Scarring, post-operative erythema, semi-wound bleeding, superficial burns, and edema hinder the market growth of cosmetic devices. In addition, certain risks associated with photo rejuvenation such as discomfort, bruising, excessive swelling, soft skin, and blisters act as important constraints for the global beauty devices market growth.

Market Segmentation

Area of ​​use
shop
hot spring
at home
others
type

Hair Removal Device
cleansing equipment
acne equipment
rejuvenation device
Light/LED therapy and photo rejuvenation equipment
Oxygen and Steamboat Equipment
hair growth device
skindama roller
cellulite reducer
others
geography

North America
America
Canada
Europe
Germany
France
Italy
Spain
England
Asia
China
Japan
India
latin america
Brazil
Other countries (rows)

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This release was published on openPR.