WASHINGTON, Aug. 22, 2023 (GLOBE NEWSWIRE) -- According to Vantage Market Research recent market research, the Global Beauty Devices Market is currently valued at USD 60.49 Billion in 2022. Analysts have predicted that the market will continue to grow and is expected to reach a value of USD 236.77 Billion by 2030. This growth is projected to exhibit a Compound Annual Growth Rate (CAGR) of 18.60% over the forecast period 2023-2030. It's an exciting time for the beauty industry, and investors should keep a close eye on this market's developments.
The Beauty Devices Market has witnessed remarkable growth in recent years, driven by the increasing demand for advanced skincare and beauty solutions. This market encompasses a wide range of devices designed to enhance various aspects of personal care, including skin rejuvenation, hair removal, and anti-aging treatments. The surge in consumer awareness about self-grooming and the desire for convenient at-home beauty treatments have fueled the adoption of these devices. Additionally, advancements in technology, such as the integration of smart features and IoT capabilities, have further bolstered the market's expansion.
Get Access to the In-depth Free Sample Report @ https://www.vantagemarketresearch.com/beauty-devices-market-1653/request-sample
Top Report Findings:
- Market's projected growth rate over the next five years.
- Key market players and their competitive strategies.
- Breakdown of market segments based on device type and application.
- Consumer preferences for specific beauty treatments and technologies.
Top Companies in the Global Beauty Devices Market
- Fotona (Slovenia)
- Procter & Gamble (US)
- Colgate-Palmolive Company (US)
- Lutronic (South Korea)
- Strata Skin Sciences (US)
- Nuface (US)
- Spectrum Brands Inc. (US)
- Cutera (US)
- Merz North America Inc. (US)
- El. En. S.P.A. (Italy)
- Ya-Man Ltd. (Japan)
- Panasonic Corporation (Japan)
- Alma Lasers (Israel)
- Bausch Health Companies Inc. (Canada)
- Nu Skin (US)
- Candela Corporation (US)
- Silkn (US)
- Tria Beauty (US)
- Curallux LLC. (US)
- Termosalud (Spain)
- Foreo (Sweden)
- Tech4beauty (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Conair Corporation (US)
- Lumenis (Israel)
- Cynosure (US)
- Sciton Inc. (US)
To Know an Additional List of Key Players, Request Here to Download a Free Report PDF Brochure: https://www.vantagemarketresearch.com/beauty-devices-market-1653/request-sample
OR
Enjoy a Fabulous 50% Discount with code "AUG50"! Don't miss out on these incredible savings @ https://www.vantagemarketresearch.com/buy-now/beauty-devices-market-1653/0
Market Dynamics:
- Rising Consumer Interest: Growing interest in maintaining youthful appearances and investing in self-care routines has been a driving force behind the market's growth. Consumers are increasingly seeking alternatives to expensive salon treatments, leading to the popularity of portable and user-friendly beauty devices.
- Technological Advancements: The convergence of technology and personal care has revolutionized the beauty industry. Beauty devices now incorporate cutting-edge technologies such as laser therapy, LED light therapy, and microcurrents, offering effective and non-invasive solutions for various skin concerns.
- E-Commerce Boom: The rise of e-commerce platforms has facilitated easy access to a plethora of beauty devices, enabling consumers to research, compare, and purchase products conveniently. This trend has not only broadened market reach but also encouraged market players to offer innovative and differentiated solutions.
Top Trends in the Beauty Devices Market:
- Smart Beauty Devices: The integration of smart technology into beauty devices has enabled features like app connectivity, personalized recommendations, and real-time progress tracking. These devices offer users a more tailored and interactive experience, enhancing the effectiveness of skincare routines.
- Multifunctional Devices: Consumers are gravitating toward multifunctional beauty devices that cater to diverse skincare needs. Devices that combine various treatments such as cleansing, exfoliation, and serum infusion are gaining traction due to their convenience and cost-effectiveness.
- Focus on Sustainability: With environmental consciousness on the rise, manufacturers are increasingly emphasizing sustainable design and materials in their beauty devices. This trend resonates with eco-conscious consumers who seek products that align with their values.
Global Beauty Devices Market Segmentation
- By Type
- Hair Care Devices
- Facial Devices
- Skin Care Devices
- Oral Care Devices
- Eye Care Devices
- Application
- Hair
- Facial
- Skin
- Oral
- Eye
- Portability
- Pocket-Sized/Handheld Device
- Portability
- Pocket-Sized/Handheld Device
- Fixed
- Mode of Operation
- Electric and Battery
- Operated and Manual
- Gender
- Female
- Male
- End User
- Commercial/Professional
- Domestic/Personalized/Homecare
- Distribution Channel
- Direct Sales
- Retail
- Online
Buy this Premium Research Report with Discount | Immediate Delivery @ https://www.vantagemarketresearch.com/buy-now/beauty-devices-market-1653/0
Challenges
- Complexity: Some advanced beauty devices require proper user education and training for effective use. This complexity can deter potential buyers and hinder market growth.
- Safety Concerns: Certain treatments, if not used correctly, can pose safety risks. Ensuring consumer safety while using these devices remains a significant challenge.
The market presents several opportunities for growth:
Untapped Markets: Emerging economies with rising disposable incomes offer untapped markets for beauty devices. Customizing products to cater to the unique preferences of these regions could yield substantial gains.
Collaborations and Partnerships: Collaborations between beauty brands and tech companies can lead to innovative product offerings that combine skincare expertise with cutting-edge technology.
Read Full Report with TOC @ https://www.vantagemarketresearch.com/industry-report/beauty-devices-market-1653
Recent Development
- June 2023:
- Nu Skin Enterprises Inc. launched a new at-home microneedling device called ageLOC Galvanic Spa Micro.
- Therabody, a maker of massage devices, launched a new at-home microcurrent device called Therabody GENIUS.
- Foreo, a maker of skincare devices, launched a new sonic toothbrush called Foreo Issa 3.
- July 2023:
- Philips Lumea launched a new IPL hair removal device called Lumea Prestige.
- Tria Beauty launched a new at-home laser hair removal device called Tria Beauty 4X.
- Silk'n, a maker of skincare devices, launched a new LED light therapy device called Silk'n FaceTite.
- August 2023:
- Olay, a skincare brand owned by Procter & Gamble, launched a new at-home microdermabrasion device called Olay ProX Microdermabrasion Device.
- Braun, a maker of personal care appliances, launched a new at-home IPL hair removal device called Braun Silk-Expert Pro 5 PL5137.
- Revlon, a beauty brand, launched a new at-home microcurrent device called Revlon Take Control Microcurrent Facial Toning Device.
Key Questions Answered in the Report:
- How is the global beauty devices market expected to evolve in the next five years?
- What are the key technological trends influencing the development of beauty devices?
- Which consumer demographics are driving the demand for beauty devices?
- How are manufacturers addressing concerns related to device safety and user education?
- What are the most popular types of beauty devices in the market?
- Which distribution channels are most effective in reaching target consumers?
- What role does e-commerce play in the distribution of beauty devices?
- How are regulatory frameworks influencing the market's growth and innovation?
Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on Beauty Devices Market Forecast Report (2023-2030).
Scope of the Report:
| Report Attributes | Details |
| Market Size in 2022 | USD 60.49 Billion |
| Revenue Forecast by 2030 | USD 236.77 Billion |
| CAGR | 18.60% from 2023 to 2030 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2030 |
| Key Players | Nu Skin, Candela Corporation, Silkn, Tria Beauty, Curallux LLC., Termosalud, Foreo, Tech4beauty, Koninklijke Philips N.V., Conair Corporation, Lumenis, Cynosure, Sciton Inc., Fotona, Procter & Gamble, Colgate-Palmolive Company, Lutronic, Strata Skin Sciences, Nuface, Spectrum Brands Inc., Cutera, Merz North America Inc., El. En. S.P.A., Ya-Man Ltd., Panasonic Corporation, Alma Lasers, Bausch Health Companies Inc. |
| Customization Options | Customized purchase options are available to meet any research needs Explore customized purchase options https://www.vantagemarketresearch.com/beauty-devices-market-1653/customization-request |
Regional Analysis:
North America holds a dominant position in the beauty devices market. The region's strong market presence can be attributed to factors such as high disposable income, technological advancements, and a well-established beauty and skincare industry. The United States and Canada are key contributors to the region's growth due to the high adoption of innovative beauty solutions. Consumers in North America are particularly drawn to smart beauty devices that offer personalized experiences. Additionally, the prevalence of beauty influencers and social media trends further fuels the demand for beauty devices in the region.
Browse More Reports from Vantage Library:
- Health & Beauty Market Global Industry Assessment & Forecast: https://www.vantagemarketresearch.com/industry-report/health-and-beauty-market-0541
- Structural Health Monitoring Market - Global Industry Assessment & Forecast: https://www.vantagemarketresearch.com/industry-report/structural-health-monitoring-market-1115
- Iot in Healthcare Market - Global Industry Assessment & Forecast: https://www.vantagemarketresearch.com/industry-report/iot-in-healthcare-market-1232
- Connected Health Device Market - Global Industry Assessment & Forecast: https://www.vantagemarketresearch.com/industry-report/connected-health-device-market-1329
- Medical Device Packaging Market - Global Industry Assessment & Forecast: https://www.vantagemarketresearch.com/industry-report/medical-device-packaging-market-1835
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.
Follow Us on: LinkedIn | Twitter | Facebook | YouTube
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com
Latest Vantage Market Research Press Releases
Latest Vantage Market Research Blog
Vantage Market Research All Reports
Blog:
