Beauty Devices Market Size To Register a CAGR of 11.8% and Reach a value of USD 70.89 billion by 2030

Market Research Future Insights

The beauty devices market size was valued USD 34.7 billion in 2021 and is expected to reach USD 70.89 billion by 2030 at 11.8% CAGR during the forecast period 2022-2030.

The key reason driving the global growth of beauty devices is the increased worries among the young population about their aesthetics and appearances. The global population’s growing awareness of the availability of numerous skin-related devices and treatments and increased disposable income are helping expand the beauty devices industry. The increased acceptance of technical innovations and increasing living standards have favorably influenced the medical device market growth. Beauty gadgets are widely utilized to treat acne, pigmentation, blemishes, age spots, wrinkles, and freckles. These make up a sizable fraction of the skin-related problems that affect women worldwide. A growing geriatric population, an increase in road accidents that leave scars, and skin problems brought on by sun damage from prolonged exposure to sunlight are some factors driving the global market for beauty devices.

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Regional Analysis

North America dominated the market for beauty devices in 2021. The adoption of cutting-edge and inventive technology solutions and products is higher in North America. In the past, the market in the region has grown due to the growing consumer awareness of the availability of numerous cosmetic devices and skin treatments. Another significant element driving up demand for beauty devices is the growing elderly population in the United States.

Asia Pacific is expected to register commendable growth in the market for beauty devices. This is brought on by rising consumer disposable money, a greater proportion of young people living in the area, more awareness of beauty equipment, increased spas and salons, and higher living standards. There are abundant prospects for expansion in the Asia Pacific region.

Market Segmentation

The global beauty-devices market has been segmented into product type and usage.

Based on product type, the beauty-devices market has been segmented into hair removal devices, cleansing devices, acne devices, light/LED therapy and photorejuvenation (LT&P) devices, oxygen & steamer devices, hair growth devices, skin dermal rollers, cellulite reduction devices, others. The derma rolling segment is projected for the largest share of the market. A derma roller is a personal care product used to treat various skin conditions, including acne, wrinkles, hair loss, and regrowth. Additionally, the market for derma rollers has grown due to the numerous benefits offered by these devices, including hair regeneration, wrinkle reduction, acne reduction, and others. A major factor driving growth is the increase in women working for populations worldwide.

Based on usage, the market has been segmented into saloon, spa and At-home. Spa accounted for the largest revenue share in 2021. Both men and women can receive beauty treatments at spas. The sector comprises skincare services, nail salons, and hair salons. The segment is expanding due to the rising popularity of wellness travel and millennials’ increased knowledge of cosmetic procedures for preserving their skin, face, and dental health.

Additionally, the home category is anticipated to increase the fastest. The market is seeing a new and developing trend as customers become more aware of and have access to beauty gadgets as household appliances. The market participants are providing beauty products for at-home usage, which will increase competitiveness in the worldwide market for beauty products.

Key Players

Some of the key market players are Thermo Fisher Scientific, Inc. (US), Hardy Diagnostics (US), BNTX Inc. (Germany), Formlabs (US), Medline Industries, Inc. (US), Puritan Medical Products (US), HiMedia Laboratories (India), VIRCELL S.L. (Spain), COPAN Diagnostics (California), Becton, Dickinson, and Company (US), Laboratory Corporation of America Holdings (US),  and Lucence Diagnostics Pte Ltd. (California).

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