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Home-Use Beauty Devices Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
Home-Use Beauty Devices Market Report
As per the report, the home-use beauty devices market size has grown exponentially in recent years. It will grow from $16.11 billion in 2023 to $20.78 billion in 2024 at a compound annual growth rate (CAGR) of 29.0%. The home-use beauty devices market size is expected to see exponential growth in the next few years. It will grow to $57.73 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%.
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Growing Skin Problems Driving Growth Of Home-Use Beauty Device Market
The increasing prevalence of skin problems is expected to propel the growth of the home-use beauty device market going forward. Skin problems refer to various conditions affecting the skin's appearance, texture, or function, often causing discomfort or health issues. The rise in environmental pollution, lifestyle changes, genetic predispositions, dietary habits, and stress levels are leading to a rise in the prevalence of skin problems. Home-use beauty devices can be beneficial in managing certain skin problems when used as part of a comprehensive skincare routine. For instance, in September 2022, according to the UK Health Security Agency (UKHSA), a UK-based national executive agency, the percentage of Methicillin-resistant Staphylococcus aureus (MRSA) cases caused by skin and soft tissue infections increased to 33.7% in 2022 from 2021. Moreover, MRSA cases increased by 25.7% in the financial year from April 2020 to March 2021. Therefore, the increasing prevalence of skin problems is driving the growth of the home-use beauty device market.
Advanced Technology Devices For Efficient Hair Removal
Major companies operating in the home-use beauty device market are focused on developing devices that use advanced technology, such as intense pulsed light (IPL) technology, to allow for painless, efficient, silky-smooth hair removal and gain a competitive edge in the market. IPL (intense pulsed light) technology employs broad-spectrum light to target various skin concerns, including hair removal and skin rejuvenation. For instance, in November 2023, Foreo AB., a Sweden-based company that offers cosmetics and beauty products, launched the Peach 2, a device that offers advanced intense pulsed light (IPL) technology with an ergonomic design, delivering precise and effective hair removal for smooth, radiant skin, while its SmartSensor ensures safe and personalized treatments tailored to individual skin tones.
The home-use beauty devices market covered in this report is segmented -
1) By Type: Hair Removal, Cleansing, Acne Treatment, Light-Emitting Diode (LED) Therapy And Photo Rejuvenation , Oxygen Or Facial Steaming, Hair Growth, Other Types
2) By Technology: Laser Or Light, Vibration, Radio Frequency (RF) Energy, Nano-Iconic, Microneedling, Electroporation
3) By Application: Beauty Salons, Specialty Stores, Online Channels, Other Applications
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Major companies operating in the home-use beauty devices market are The Procter & Gamble Company, Panasonic Corporation, Xiaomi Corporation, L'Oréal S.A., YA-MAN Co LTD., Koninklijke Philips N.V., Spectrum Brands Holdings Inc., Amorepacific Corporation, Conair Corporation, MTG Co. Ltd., Dr. Dennis Gross Skincare LLC, Cyden Limited, NuFACE LLC, FOREO AB, Photomedex Inc., Silkn beauty Ltd., TRIA Beauty Inc., Lifetrons Switzerland AG, Beauty Bioscience Inc., Project E Beauty, Luke Lady, Shenzhen Mismon Technology Co. Ltd., LightStim, Shenzhen Rhafine Technology Co. Ltd. , Pollogen Ltd.
Contents of the report:
1. Executive Summary
2. Home-Use Beauty Devices Market Report Structure
3. Home-Use Beauty Devices Market Trends And Strategies
4. Home-Use Beauty Devices Market - Macro Economic Scenario
5. Home-Use Beauty Devices Market Size And Growth
…..
27. Home-Use Beauty Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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