Global Beauty Devices Market Report and Forecast 2024-2032

Global Beauty Devices Market Outlook

The global beauty devices market size reached a value of approximately USD 35.43 billion in 2023. The market is further expected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 52.35 billion by 2032.

Key Trends in the Market

Devices used for maintaining personal hygiene and enhancing physical appearance are known as beauty devices. Some of the commonly used beauty devices include cleansing devices, hair removal devices, and acne devices. Depending upon the complexity and intended use of the device, beauty devices can be operated at salons, spas, or at home.

• The growing prevalence of social media along with elevating concerns about physical appearance are the key trends fuelling the growth of the beauty device and personalized device market. The desire to beautify and enhance one’s appearance is increasing due to escalating number of advertisements and rising utilisation of social media.

• Changing lifestyles along with hectic work schedules, poor eating habits and high levels of pollution are boosting the personalized beauty devices market growth. Due to such external factors, the demand for personalised beauty services and products is increasing as different skin types have dissimilar nourishment requirements as well as varying challenges.

• A crucial trend fuelling the luxury beauty device market growth is the elevating popularity of spas and salons. This shift in preference is owed to the availability of a wide number of beaty salons coupled with growing number of working women. Rising disposable incomes have resulted in women splurging more on luxury beauty services.

• Meanwhile, hectic work schedules and elevating prices of beauty services have also resulted in an increasing number of women opting for at home beauty services, aiding the growth of the at-home beauty devices market. The convenience along with the cost-efficient nature is anticipated to increase the demand of beauty devices for at home application.

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Market Analysis

On the basis of product type, the market is segmented into acne devices, hair removal devices, hair growth devices, cleansing devices, oxygen and steamer devices, and rejuvenation devices, among others. Based on portability, the market is bifurcated into portable and fixed. On the basis of application, the market is divided into salon, spa, and home, among others. By region, the market is segregated into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global beauty device market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Koninklijke Philips N.V.

• Candela Corporation

• Panasonic Holdings Corporation

• HomeSkinovations (HSN)

• Nu Skin Enterprises Inc.

• L'Oréal S.A.

• PhotoMedex, Inc.

• Lumenis Ltd.

• TRIA Beauty

• FOREO

• Others

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Market Share by Product Type

As per beauty devices market forecast, hair removal devices are expected to account for a significant portion of the market share of beauty devices around the globe over the forecast period. This growth is owed to increasing prevalence of hormonal imbalance cases, rising occurrence of polycystic ovary syndrome (PCOS) and polycystic ovarian disease (PCOD), and hormonal disorders among women. These factors increase the facial hair growth for women and thus, are fuelling the beauty devices market value. Furthermore, hair removal treatments are becoming increasingly expensive due to their growing demands, therefore increasing number of women are investing in hair removal devices as they last longer and are comparatively lower in costs.

Market Share by Region

North America is anticipated to hold a major portion of the share of the market in the upcoming years at a regional level. This is due to growing prevalence of skin and hair issues, rising geriatric population, popularity of beauty devices, and presence of various key players in the region. Factors aiding the growth of US beauty device market include increasing focus on physical appearance and developing healthcare infrastructure. Additionally, increasing product launches and approval for new products if further bolstering the growth of the beauty devices market in the North America region. Meanwhile, the beauty devices market Europe is also expected to witness growth over the forecast period due to factors such as increasing presence of salons and spas in the region.

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Competitive Landscape

Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, Netherlands. It is one of the largest conglomerate corporations in the world focused on health technology. Their innovations aim to improve the wellbeing and health of their consumers while their tools aid clinicians is making precision diagnoses and delivering personalised treatments.

Candela Corporation was founded in 1986 and is headquartered in California in the United States. They offer an extensive range of drivers, miniatures, LED light bulbs, sockets, fixtures, and ballasts, among others. The highly trained specialists of Candela Corporation provide customers with technical guidance while selecting LED and SSL lighting systems, among others.

Panasonic Holdings Corporation is an appliance, electrical and electronics manufacturing company that was established in 1918 and is headquartered in Osaka, Japan. They are committed to enhancing the overall well-being of society and the lives of individuals across the globe. They offer wide range of products and services such as rechargeable batteries, consumer electronics, and industrial systems.

Other market players include HomeSkinovations (HSN), Nu Skin Enterprises Inc., L'Oréal S.A., PhotoMedex, Inc., Lumenis Ltd., TRIA Beauty, and FOREO, among others.

Key Highlights of the Report