Dublin, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The "Beauty Devices Market, By Device Type, By Application, By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global beauty device market is substantial, with a value of approximately US$ 125.7 billion by the end of 2022. Beauty devices encompass a range of instruments used to address various skin conditions, including acne, pigmentation issues, and hair removal.
These devices offer several advantages, including the ability to treat, enhance, and improve the skin's appearance. Beauty devices are designed for various purposes, such as skincare, haircare, hand and foot care, among others. They are commonly used in salons, spas, and for at-home beauty treatments.
Market Dynamics:
Several key factors are driving the demand for beauty devices globally:
- Rising Occurrence of Skin-Related Diseases: The increasing prevalence of skin-related conditions worldwide is a significant driver of demand for beauty devices. These devices offer effective solutions for addressing various skin issues.
- Growing Elderly Population: The global aging population is a crucial factor contributing to market growth. As people age, they often seek solutions to maintain or improve their skin's health and appearance.
- Portable and Hand-Held Devices: There is a rising trend toward portable and hand-held beauty devices. These convenient and user-friendly options are becoming increasingly popular among consumers.
- Increasing Number of Salons and Spas: The beauty industry, including salons and spas, continues to expand globally. This growth contributes to the demand for beauty devices used in professional treatments.
Key Features of the Study:
This report provides comprehensive insights into the global beauty device market:
- It offers an in-depth analysis of the market size, with a focus on the Compound Annual Growth Rate (CAGR) for the forecast period of 2023 to 2030, using 2022 as the base year.
- The report outlines potential revenue opportunities across different market segments and provides an attractive investment proposition matrix for the industry.
- Key insights into market drivers, restraints, opportunities, new device launches, regional outlook, and competitive strategies adopted by leading players are included.
- The report profiles key companies in the beauty devices market, offering information on company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
- Companies covered in this study include L'Oreal Group, Nu Skin Enterprises, Inc., Panasonic Corporation, Home Skinovations, Ltd., PhotoMedex, Inc., Carol Cole Company, Procter & Gamble Company, Koninklijke Philips N.V., TRIA Beauty, Inc., and AmorePacific Group.
- Insights from this report can guide decision-making for device launches, upgrades, market expansion, and marketing strategies.
- The report caters to various stakeholders in the beauty device industry, including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts.
Detailed Segmentation:
The global beauty devices market is segmented by device type and application:
Global Beauty Devices Market, By Device Type:
- Hair Removal Devices
- Cleansing Devices
- Acne Devices
- Rejuvenation Devices
- Light/LED Therapy and Photorejuvenation Devices
- Oxygen and Steamer Devices
- Hair Growth Devices
- Skin Dermal Devices
- Cellulite Reduction Devices
- Others
Global Beauty Devices Market, By Application:
- Salon
- Spa
- At Home
- Others
Major players in the beauty devices market are
- L'Oreal Group
- Nu Skin Enterprises, Inc.
- Panasonic Corporation
- Home Skinovations, Ltd.
- PhotoMedex, Inc.
- Carol Cole Company
- Procter & Gamble Company
- Koninklijke Philips N.V.
- TRIA Beauty, Inc.
- AmorePacific Group
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $125.7 Billion |
| Forecasted Market Value (USD) by 2030 | $190.8 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/7z2hli
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