Press release
From 2023 to 2033, the Market for Beauty Devices is Projected to Expand at a CAGR of 11.4%
Beauty Devices Market
By the end of 2033, the market for cosmetics is expected to be worth US$ 1,16,605.50 Mn and US$ 39,572.9 Mn, respectively. The market for cosmetic devices is projected to grow at a CAGR of 11.4% from 2023 to 2033.
Beauty devices are used to treat a variety of skin disorders, such as acne, pigmentation, and hair removal. treatment for skin conditions like acne and wrinkles Accidental scars that remain are also removed. They are also employed to address issues with thinning and ageing of the hair.
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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Beauty Devices Market Size (2023) US$ 39,572.9 Mn
Projected Market Value (2033) US$ 1,16,605.5 Mn
Global Market Growth Rate (2023-2033) 11.40%
Salons Segment Market Share (2022) 65.40%
U.S. Market Share (2022) 17.6%
Skin Derma Rollers Segment Market Share (2022) 16.60%
The beauty devices market refers to the industry surrounding devices and tools that are used for personal grooming, skin care, and hair removal. These devices can include a wide range of products, such as electric razors, hair clippers, epilators, facial cleansing brushes, laser hair removal devices, microdermabrasion devices, and more.
The market for beauty devices is expected to grow in the coming years, driven by factors such as an increasing awareness of personal grooming, a growing focus on self-care, and advances in technology that are making beauty devices more effective and user-friendly.
Additionally, the rise of e-commerce and the increasing popularity of social media are also expected to drive growth in the beauty devices market, by making it easier for consumers to purchase these products and learn about new innovations.
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.
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Competitive Landscape
Major beauty devices companies are collaborating and partnering with other organizations to provide more efficient solutions.
In August 2020, Shiseido Cosmetics announced to enter into a partnership deal with YA-MAN Limited to manufacture and distribute anti-aging beauty devices across Japan.
In June 2022, LightStim, a leader in LED light therapy devices, launched LightElipsaTM, its latest innovation in LED light therapy.
Key Players
L'Oréal Group
Nu Skin Enterprises Inc.
Home Skinovations Ltd
PhotoMedex Inc
TRIA Beauty Inc
Syneron Medical Ltd
Philips
Panasonic Corporation
Carol Cole Company
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Key Segments of Beauty Devices Market Industry Research
By Usage Area:
Spas at home
Salons
Others
By Type:
Hair Growth Devices
Acne Removal Devices
Rejuvenation Devices
Skin Derma Rollers
Hair Removal Devices
Cleansing Devices
Light/Led Therapy And Photo Rejuvenation Devices
Cellulite Reduction Devices
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa
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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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