Dublin, Aug. 26, 2021 (GLOBE NEWSWIRE) -- The "Beauty Devices Market Research Report: By Type, Usage - Global Industry Analysis and Demand Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
With people becoming more conscious of their appearance and increasingly aware about beauty devices, the global beauty devices market reached $50,814.4 million in 2020.
Further, driven by the booming population of the elderly, increasing prevalence of dermatological and hormonal diseases, and surging disposable income, the market value will likely reach $311,039.3 million by 2030, at a 20.6% CAGR between 2021 and 2030.
The beauty devices market was badly hit by the COVID-19 pandemic, as the containment measures included movement restrictions and shutting down all non-essential manufacturing facilities, commercial centers, and even hospital departments.
As a result, the production and sale of beauty devices reduced substantially, but only for a limited time. Since the lifting of the lockdowns and resumption of non-essential activities in many countries, the market has started recovering.
The categories of the market under the type segment are hair removal, cleansing, LED therapy and photorejuvenation, acne treatment, hair growth, oxygen/facial, cellulite reduction, dermarolling, and others. Among these, the beauty devices market was dominated by the LED therapy and photorejuvenation category during 2015-2020 (historical period). Blemishes, pigmentation, sun-induced freckles, wrinkles, age spots, fine lines, and many other skin issues can be effectively treated with such devices.
Salon, at-home, spa, and others are the categories of the market based on usage. Among these, the salon category would grow the fastest in the beauty devices market during the forecast period because of the rising appearance consciousness and surging incidence of androgenetic alopecia.
During the forecast period, the beauty devices market will witness the highest CAGR in Asia-Pacific (APAC). The key drivers for the demand for such products in the region are the rising urbanization rate, growing influence of social media, and increasing concern regarding appearance.
Partnerships and facility expansions are being opted for by the beauty devices market players for a competitive edge over each other.
Major companies in the global beauty devices market are Panasonic Corporation, Nu Skin Enterprises Inc., Lumenis Ltd., TRIA Beauty Inc., Carol Cole Company Inc., Home Skinovations Ltd., L'Oreal SA, YA-MAN LTD., Candela Corporation, Koninklijke Philips N.V., and MTG Co. Ltd.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
184.108.40.206 Hair removal
220.127.116.11 Acne treatment
18.104.22.168 LED therapy and photorejuvenation
22.214.171.124 Oxygen/facial steaming
126.96.36.199 Hair growth
188.8.131.52 Cellulite reduction
4.1.2 By Usage
4.2 Market Dynamics
184.108.40.206 Introduction of new products
220.127.116.11 Rising inclination for improved appearance
18.104.22.168 Growing popularity of home-use beauty devices
22.214.171.124 Surging geriatric population
126.96.36.199 Increasing prevalence of skin problems
188.8.131.52 Rising disposable income
184.108.40.206 Growing prevalence of hormonal disorders
220.127.116.11 Increasing awareness about beauty devices
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Risks associated with the use of beauty devices
126.96.36.199 Lack of reimbursement policies
188.8.131.52 High cost of beauty devices
184.108.40.206 Impact analysis of restraints on market forecast
220.127.116.11 Emerging economies offering lucrative opportunities to market players
4.3 Porter's Five Forces Analysis
4.4 Impact of COVID-19
Chapter 5. Global Market Size and Forecast
5.2 Beauty Devices Market, By Type
5.3 Beauty Devices Market, By Usage
5.4 Beauty Devices Market, By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. APAC Market Size and Forecast
Chapter 8. Europe Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Top Brands/Products, By Country
11.2 Strategic Developments of Key Players
11.2.1 Product Launch and Approval
11.2.2 Mergers and Acquisitions
11.2.3 Partnership and Expansion
11.3 Business Model
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
Nu Skin Enterprises Inc.
TRIA Beauty Inc.
Home Skinovations Ltd.
Carol Cole Company Inc.
MTG Co. Ltd.
Koninklijke Philips N.V.
Spectrum Brands Holdings Inc.
Project E Beauty
Dr. Dennis Gross Skincare LLC
Beauty Bioscience Inc.
Alma Lasers Ltd.
Jeisys Medical Inc.
The Procter & Gamble Company
For more information about this report visit https://www.researchandmarkets.com/r/hj9xli
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