Global Beauty Devices Market is estimated to be valued at US$ 125.7 Billion in 2022 according to the Global Beauty Devices Market Report, By Device Type (Hair Removal Devices, Cleansing Devices, Acne Devices, Rejuvenation Devices, Light/LED Therapy & Photorejuvenation Devices, Oxygen & Steamer Devices, Hair Growth Devices, Skin Dermal Devices, Cellulite Reduction Devices, and Others), By Application (Salon, Spa, At Home, and Others), and By Region (North America, Europe, Asia, Latin America, and Rest of the world), published by Coherent Market Insights.
Global beauty devices market was valued at US$ 125.7 Billion in 2022. The beauty devices market is expected to register a CAGR of 5.4% over the forecast period (2022–2030), to reach US$ 190.8 Billion by 2030.
Beauty devices are instruments or equipment used to treat skin and hair related problems. These devices are used in aesthetic treatment. Cleansing devices, hair growth devices, cellulite reduction devices, and skin derma rollers are some of the key beauty devices. These devices are widely used across salon and spa, and can be used at home as well.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/beauty-devices-market-4386
Key Trends and Analysis of the Global Beauty Devices Market:
Growing popularity of male grooming products
The growing popularity of male grooming products due to rising awareness regarding personal hygiene among male consumers is fostering the market growth. Also, a rise in metrosexual population who has an interest in fashion and shopping is further augmenting the beauty devices market growth. Manufacturers are launching various grooming products for males in order to meet the rising demand for beauty devices among these consumers. This is further expected to escalate the market growth.
The increasing popularity of skin rejuvenation treatment among middle age women
The increasing popularity of skin rejuvenation treatment among middle age women to treat sagging skin and wrinkles is expected to augment the market growth. For these reasons, various manufacturers are introducing skin rejuvenation devices in order to meet the rising demand. For instance, in September 2022, the global leading skin care brand, L'Oréal has entered into an agreement to acquire SkinBetter Science, an United states doctor-distributed skincare brand based on cutting-edge dermatology that combines patented active ingredients with luxurious sensory textures. This agreement helped the company to expand its business.
Key Takeaways of the Global Beauty Devices Market:
- Global beauty devices market was valued at US$ XX Billion in 2022. The beauty devices market is expected to register a CAGR of XX% over the forecast period (2023–2030) to reach US$ xx Billion by 2030. The hair removal devices segment dominated the global beauty devices market in 2022, accounting for 21% share in terms of value, followed by cleansing devices and acne devices segments.
- New product launches, mergers & acquisitions, strategic partnership expansion, and research & development activities for beauty devices are key strategies adopted by players in the global beauty devices market. For instance, In June 2021, Hale Cosmeceuticals, a world’s leading beauty device product manufacturer in the U.S., launched two amazing beauty products made from natural ingredients- Natural AZA Cleanser and Date Palm Deep Moisturizer. This helped the company to increase its product portfolio.
