Copyright © 2024 Research Nester. All Rights Reserved
Beauty Devices Market size was over USD 38.92 billion in 2023 and is set to exceed USD 345.92 billion by the end of 2036, witnessing over 18.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of beauty devices is evaluated at USD 44.62 billion.
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 beauty devices market growth.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
18.3% |
|
Base Year Market Size (2023) |
USD 38.92 billion |
|
Forecast Year Market Size (2036) |
USD 345.92 billion |
|
Regional Scope |
|
The beauty devices 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.
Our in-depth analysis of the global beauty devices market includes the following segments
|
By Type |
|
|
By Portability |
|
|
By Mode Of Operation
|
|
|
By Application
|
|
|
By End-User
|
|
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. Asia Pacific industry is likely to account for largest revenue share by 2036, led by 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.
North America Market Analysis
Moreover, stressful lifestyle in developing countries, along with increasing disposable income is expected to boost the market growth. The beauty devices 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.
Author Credits: Parul Atri
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?