PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159427
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159427
Global Beauty Devices Market Size, Share & Trends Analysis Report by Type (Hair Care Devices, Facial Devices, Skin Care Devices, Oral Care Devices, and Eye Care Devices), by Mode of Operation (Electric and Battery Operated, and Manual)), by Gender (Female and Male), and by End-User (Salon, Spa, Homecare) Forecast (2022-2028)
The global beauty devices market is anticipated to grow at a significant CAGR of 19.6% during the forecast period. Increasing appearance consciousness and awareness about the surging beauty devices among the people is driving the growth of the beauty devices market across the globe. Additionally, the increasing prevalence of skin-related issues is also expected to drive the growth of the global beauty devices market. People are taking extra care of their skin by using innovative beauty devices to treat their skin issues which is motivating market players to come up with innovative beauty devices. For instance, in October 2020, Fittop launched smart beauty devices consisting of Fittop's upgraded facial cleansing brush L-Sonic and new offerings including the RF Beauty Device aimed at improving skin problems, as well as the Plasma Acne Beauty Device and Blue LED Light Acne Beauty Device, both targeting acne skin.
The global beauty devices market is segmented based on the type, mode of operation,, gender, and end-user. Based on the type, the market is segmented into hair care devices, facial devices, skincare devices, oral care devices, and eye care devices. Based on mode of operation, the market is sub-segmented into electric and battery operated and manual. . Based on gender, the market is sub-segmented into female and male. Further, based on end-user, the market is sub-segmented into the salon, spa, and homecare. Based on gender, women are expected to hold the major share in the beauty devices market across the globe during the forecast period. According to a survey conducted by beauty e-tailer SkinStore, the average American woman spends up to $300,000 on face products alone in her lifetime.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to have a significant market share during the forecast period owing to an increase in the geriatric population. The increasing generic population made manufacturers expand their business and increase the production of beauty devices which also led to the growth of the beauty devices market in this region during the forecast period. For instance, Suva Beauty launches in India with Nykaa Global Store. With their star products-UV Brights, UV Taffies, water-activated Hydra Liners, and the glow in the dark, Hydra FX.
The major companies serving the global beauty devices market include Beauty Bioscience, Inc., Koninklijke Philips N.V., Spectrum Brands Holdings, Inc., Panasonic Holdings Corp., and The Proctor & Gamble Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in July 2020, Philips introduced revolutionary haircare high-tech devices and DIY female grooming products. The company launched Intelligent SenseIQ Hair Dryer and Hair Straightener priced at INR 9995/- and the Facial Pen Trimmer at INR 1595/- to deliver the best grooming results at home.
Research Methodology
The market study of the global beauty devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: