Beauty Devices Market By Product (Hair Removal Devices, Acne Devices, Skin Derma Rollers, Hair Growth Devices, Cellulite Reduction Devices, Oxygen & Streamer Devices, Light/LED Therapy & Photorejuvenation Devices , Cleansing Devices, Others), By Application (Commercial, Domestic, Others), By Technology (Lasers Invigorate, Wearable Devices, Others), By End-user (Beauty Centers & Spas, Home-use, Dermatology Centers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2022 – 2030

31 Mar 2020 Format PDF icon PPT icon XLS icon Request Sample

Key Market Insights

“New Artificial intelligence Powered Devices Supports the Growth of the Market”

The beauty devices market is expected to grow at a CAGR of 18.8% during the forecast period from 2022 to 2030, starting from US$ 57.46 Bn in 2021.

Consumers are nowadays are becoming more inclined towards using personalized beauty cosmetic range and connected beauty products are new trends in the cosmetics and wellness industries. As a result, top manufacturers aim to provide consumers with personalized and AI-based devices. For instance, in January 2020, L’Oreal announced to launch a personalized makeup device. Perso is an artificial intelligence-powered device that is capable to deliver on-the-spot skincare, lipstick, and foundation. The device will be available in markets by the year 2021. Moreover, factors such as negligible risk associated with such beauty products and easy operation increase the demand for beauty devices globally.

The reports by Philips suggest that there is a growth in the usage of at-home based IPL hair removal and other beauty devices such as Philips Lumea. The reports by the company also suggest, increasing the penetration of such devices from 3% in 2015 to around 7% in the year 2018. Moreover, increasing rates of skin and hair related problems coupled with a rising aging population globally supports the growth of the market.

Product Analysis

“Introduction of innovative laser technology in hair removal devices supports the growth of the market”

The hair removal devices dominated the overall beauty devices market in the year 2021 and expected to hold its dominance during the forecast period. The hair removal devices market is expected to reach around US$ 3.5 billion by the year 2026. Thereby, increases the demand for the segment. Moreover, the development of innovative laser hair removal devices globally supports the growth of the market. For instance, in January 2020, Lumenis Ltd., leader of energy-based devices for aesthetics and surgery launched a new platform. The new Lightsheer Quattro offers clinically prove hair removal retreatment by using laser technology. The platform offers treatment to all kinds of skin. Thereby, increases the demand for hair removal devices globally.

Regional Analysis

“North America dominated the beauty devices market”

North America dominated the beauty devices market in 2021 and expected to continue its dominance during the forecast period. Consumers in the North American region are more inclined towards implementing and using new technologies. Furthermore, increasing the disposable income of consumers in the region supports the growth of the market. The increasing aging population and trends for at-home treatment devices drive the growth of the beauty devices market in the region. Moreover, surge in the prevalence of skin conditions in the region such as acne, scar, etc. The American Academy of Dermatology Association suggests that Acne is the most common skin problem in the U.S, about 50 million Americans suffer from acne-related issues. Thereby, increases the demand for beauty devices in the region.

“Asia Pacific is projected to grow at a considerable rate during the forecast period”

The Asia Pacific is expected to grow at a noticeable rate during the forecast period due to the increase in the aging population. The World Population Aging Report 2017 suggests that the population aged 60 years and above is expected to increase from 550 million in 2017 to 1.3 billion by the year 2050. Moreover, rising disposable income and urbanization also increases the demand for the beauty devices market in the region.

List of Companies Covered:

  • Koninklijke Philips N.V.
  • Jebsen Consumer Products Co.. Ltd
  • Nu Skin Enterprises Inc.
  • Procter & Gamble. 
  • L’Oréal Paris
  • Panasonic Corporation
  • MTG CO., LTD
  • NuFACE
  • Home Skinovations Ltd.
  • Lumenis
  • Hitachi Power Device, Ltd.

Key Industry Developments:

  • In March 2018, L’Oreal acquired ModiFace, a company based in Canada. The acquisition aims to innovative beauty augmented reality (AR) and Artificial intelligence (AI). Modiface is a developer of innovative technologies of 3D virtual makeup and skin diagnosis services.
  • In September 2018, Syneron Candela acquired Ellipse, a Danish medical device company. Ellipse manufacturers laser and IPL (intense pulsed light) based platforms. Through this acquisition, Syneron Candela aims to strengthen its foothold in multi-application devices. Thereby, enables to provide customers with an innovative and comprehensive product portfolio.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Beauty Devices market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Beauty Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2021-2031
Base Year 2022
Forecast Period  2023-2031
Historical Year  2021
Unit  USD Billion
  • Hair Removal Devices
    •     Epilators
    •     Trimmers
  • Acne Devices
  • Skin Derma Rollers
  • Hair Growth Devices
  • Cellulite Reduction Devices
  • Oxygen & Streamer Devices
  • Light/LED Therapy & Photorejuvenation Devices
  • Cleansing Devices
  • Others

  • Commercial
  • Domestic
  • Others

  • Transcutaneous Electrical Nerve Stimulation (TENS) Technology
  • Lasers Invigorate
  • Wearable Devices
  • Others

  • Beauty Centers & Spas
  • Home-use
  • Dermatology Centers
  • Others (Cosmetic Centers, Clinics, etc.)

 Region Segment (2021-2031; US$ Billion)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Beauty Devices market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Beauty Devices market?
  • Which is the largest regional market for Beauty Devices market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Beauty Devices market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Beauty Devices market worldwide?
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