Beauty Devices Market Research Report Information By Product (Hair Care, Skin Care, and Oral Care), By Application (Domestic Purpose, Commercial Purpose, and Others), By End Users (Professional and Personalized), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.
Beauty Devices Market Overview
The Beauty Devices Market Size was valued at USD 32.5 billion in 2022 and is projected to grow from USD 36.33 Billion in 2023 to USD 70.95 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.8% during the forecast period (2023 – 2030). The rapid expansion in the beauty devices industry can be attributed by market drivers such as an increased prevalence of skin disorders, an increase in the number of cases of hormonal imbalance, a rise in the aging population, and heightened awareness for beauty devices.
The beauty devices market refers to the industry that encompasses the production and sales of devices that are used for personal grooming and enhancing physical appearance. This market includes a wide range of products such as hair removal devices, skin care devices, light therapy devices, and more. These devices typically use advanced technology such as lasers, LEDs, ultrasound, and iontophoresis to achieve the desired results. Beauty devices can be used for various purposes such as hair removal, skin tightening, acne treatment, and more. The market for beauty devices is growing rapidly as consumers are becoming increasingly conscious of their grooming and are willing to invest in technology to enhance their appearance.
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The COVID-19 pandemic In the early stages of the pandemic, there was a decrease in the demand for beauty devices as people prioritized purchasing essential items. However, as the pandemic persisted, people started to focus on self-care and personal grooming, leading to an increase in the demand for beauty devices. The COVID-19 pandemic has also accelerated the trend of at-home beauty treatments, leading to an increased demand for portable and easy-to-use beauty devices. the beauty devices market, the long-term trend is expected to be positive as people continue to prioritize self-care and personal grooming even after the pandemic subsides.
Beauty Devices Market Segmentation
The Global Beauty devices market has been segmented into Removal Devices and End-user.
Based on the Removal Devices, the market has been segmented into Skin Care Devices, Light Therapy Devices, Nail Care Devices, and Other Devices.
Based on the End-user, the market has been segmented into Personal Use and Professional Use
Key Players
Some of the key market players are L’Oreal S.A., Panasonic Corporation, Koninklijke Philips N.V., Nu Skin Enterprises, Inc., Conair Corporation, Hitachi, Ltd., Carol Cole Company, NuFACE, LLC, FOREO AB, and TRIA Beauty, Inc.
Browse In-depth Market Research Report (110 Pages) on Beauty Devices: https://www.marketresearchfuture.com/reports/beauty-devices-market-562
Beauty Devices Market Regional Analysis
North America is currently the largest market for beauty devices, owing to the high disposable income of consumers, a large number of aging baby boomers, and increasing demand for non-invasive cosmetic procedures. The United States is the largest contributor to the North American market, with a large number of key players present in the region.
Europe is the second-largest market for beauty devices, due to the increasing demand for non-invasive cosmetic procedures, rising awareness about beauty devices, and a growing number of people opting for at-home beauty treatments. Countries such as Germany, France, and the United Kingdom are major contributors to the European market.
The Asia-Pacific market is expected to witness significant growth during the forecast period, owing to the large population, increasing disposable income, and growing awareness about beauty devices in countries like China, Japan, and South Korea. The Asia-Pacific market is also home to several key players in the beauty devices market.
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