The global beauty devices market is estimated to garner noteworthy revenue by growing at a notable CAGR over the forecast period, i.e., 2021–2029, owing to the increasing awareness about skin and hair problems caused by changing lifestyle. Pollution, high UV ray exposure, lack of exercise, and improper diet lead to various problems, such as, pigmentation, fine lines, hair fall, greying of hair, and dandruff, among others. Use of such beauty devices treats various similar skin and hair troubles, which is estimated to drive the market growth. Moreover, skin care is being increasingly adopted by men, which is anticipated to generate massive growth opportunities in the market by the end of 2029. Additionally, growing appearance consciousness among elderly population, backed by rising penetration of social media, is projected to promote the market growth.
The market is segmented by type into hair care, skin care, beauty, oral care and others, out of which, the skin care segment is anticipated to hold the largest share in the market during the forecast period on account of increasing prevalence of hormonal problems that cause acne, excessive hair growth, and other skin troubles. On the basis of mode of operation, the battery-operated segment is anticipated to garner the largest share over the forecast period owing to the ease of operation and lesser risk of damage as compared to electric devices. On the basis of application, the salon segment is estimated to hold the largest size in the market over the forecast period, on the back of high footfall in salons backed by the availability of trained professionals in parlors and salons.
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The global beauty devices market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Regionally, the global beauty devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to hold the largest share over the forecast period on the back of growing appearance consciousness in countries, such as, Korea, and Japan. Korea has the highest number of cosmetic surgeries every year, with almost 20% of the women getting a cosmetic surgery in the region. This is estimated to increase the demand for beauty devices in the region. Moreover, stressful lifestyle in developing countries, along with increasing disposable income is expected to boost the market growth. The market in the North America is anticipated to hold a considerable share over the forecast period owing to the growing influence of Hollywood celebrities on the masses, which encourages them to use skin and hair care devices.
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