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Beauty Devices Market by Type of Device , by Usage , by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

Beauty Devices Market by Type of Device , by Usage , by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • May 2018
  • 124 pages
  • ID: 5479731
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Global beauty devices market is expected to reach $97.0 billion by 2023, the market is mainly driven by the rising incidence of skin diseases, surging disposable income, escalating geriatric population, increasing appearance consciousness and awareness about beauty devices, and growing prevalence of hormonal disorders,

Insights into market segments
Based on type of device, the beauty devices market is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $25.0 billion by 2023, registering a CAGR of 20.0% during the forecast period. This is attributed to the occurrence of hormonal disorders leading to abnormal hair growth in the body and the availability of user friendly, compact, and innovative hair removal devices.

In terms of usage, the beauty devices market has been categorized into salon, spa, at-home, and others. During the forecast period, the market is expected to witness the highest growth in the at-home category, with a CAGR of 20.2%. The easy availability of these beauty devices across the globe and less expertise required for their use leads to their increased adoption is attributing to its growing popularity globally.

The European market is projected to witness the fastest growth
During the forecast period, the European beauty devices industry is expected to outpace the North American beauty devices industry, in terms of growth, on account of increasing healthcare spending, growing aging population, increasing prevalence of skin diseases, and technological advancements in beauty devices.

According to the European Commission publication in 2014, the population of people aged 65 years and above was approximately 93.2 million in 2013, and the number is estimated to reach 105.3 million by 2020. The aging population is driving the demand of beauty devices, as aging leads to skin dryness, which further leads to the formation of wrinkles. This happens due to the weakening of collagen, the protein that provides strength and elasticity to the skin. Certain beauty devices help in building collagen to reveal a younger looking skin; thereby leading to the growth of the market.

Competitive landscape of the industry
L’Oréal Group offers its skin care devices under the brand Clarisonic; the company offers a range of products under this brand, such as Clarisonic Mia 1, Clarisonic Mia 2, and Clarisonic Mia 3. However, L’Oréal’s hair care device offerings are fewer in number as compared to its skin care devices. In terms of product offerings, Philips is the leading player in the market, offering products for hair removal, skincare, and hair care. Philips offers both skin care and hair care devices, such as hair dryers, pro straighteners, IPL hair removal devices, and epilators for hassle-free hair removal.

Lumenis Ltd. offers a diverse range of devices for aesthetic treatments, which include ablative-skin-resurfacing, acne-scars-treatment, blepharoplasty, laser hair removal, pigmentation, rosacea, scar revision, skin-toning, tattoo removal, vascular leg vein, non-ablative skin resurfacing, and photorejuvenation. Some of its products are LightSheer DESIRE, a new generation of laser hair reduction system, ResurFX, LightSheer INFINITY, M22, and LightSheer Duet.

Some of the other key players operating in the beauty devices market are Panasonic Corporation, Lumenis Ltd, Home Skinovations Ltd, the Procter & Gamble Company, Syneron Medical Ltd, iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company.

BEAUTY DEVICES MARKET SEGMENTATION
Market Segmentation by Type of Device
Hair Removal
Cleansing
Acne
Light/LED Therapy and Photorejuvenation
Oxygen and Steamer
Hair Growth
Dermal Rollers
Cellulite Reduction
Others
Market Segmentation by Usage
Salon
Spa
At-Home
Others
Market Segmentation by Geography
North America beauty devices market
By type of device
By usage
By country – U.S. and Canada
Europe beauty devices market
By type of device
By usage
By country – Germany, France, U.K., Italy, Spain, Benelux, Russia, Switzerland, Turkey, Poland, Czech Republic, Hungary, Slovakia, and Rest of Europe
Asia-Pacific (APAC) beauty devices market
By type of device
By usage
By country – China, Japan, India, Australia, South Korea, New Zealand, Taiwan, Singapore, Vietnam, Malaysia, Thailand, Sri Lanka, and Rest of APAC
Latin America (LATAM) beauty devices market
By type of device
By usage
By country – Brazil, Mexico, Argentina, Chile, and Rest of LATAM
Middle East and Africa (MEA) beauty devices market
By type of device
By usage
By country – Saudi Arabia, U.A.E., South Africa, Israel, Oman, Kuwait, Qatar, Bahrain, and Rest of MEA

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