Facial Beauty Devices Market Size was valued at USD 14.2 Bn in 2023 and is predicted to reach USD 40.7 Bn by 2031 at a 14.4% CAGR during the forecast period for 2024-2031.
Beauty devices have emerged as innovative tools to enhance skin appearance and address various cosmetic concerns. Their regulatory status is often determined by their intended Application and potential impact on the body's structure and function, leading to varying levels of oversight by regulatory bodies like the Food and Drug Administration (FDA). These devices find utility in both cosmetic and personal health applications, offering individuals a range of benefits. The global market for beauty devices is gaining momentum, driven by a growing number of individuals seeking solutions for skin conditions such as acne or psoriasis. These devices offer effective ways to manage such concerns, contributing to the market's expansion. Moreover, a significant segment of consumers seeks beauty devices as a means to achieve smooth and hair-free skin. The convenience and effectiveness of these devices in hair removal have spurred their adoption.
The facial beauty devices market experienced fluctuations due to COVID-19. Initially, there was a downturn as non-essential services and retail outlets closed. However, with increased focus on home-based skincare, demand for personal facial beauty devices surged. Consumers sought at-home solutions for skincare routines, and manufacturers adapted by emphasizing online sales channels and promoting DIY beauty treatments. Overall, the market witnessed a shift towards home-based beauty solutions amidst the pandemic's challenges.
Competitive Landscape
Some of the Major Key Players in the Facial Beauty Devices Market are:
- Philips
- Panasonic
- Conair
- Hitachi
- Clarisonic
- MTG
- KAKUSAN
- You Man
- Home Innovations
- Clinique
- KINGDOM CARES
- HABALAN
- NuFace
- Refa
Market Segmentation:
The facial beauty devices market is segmented into type and application, By type, the market is segmented into cleaning, whitening, and massage. Based on application, online and offline services are the segments.
Based on Type, the Cleaning Segment Accounts for a Major Contributor to the Facial Beauty Devices Market
The cleaning segment in the facial beauty devices market has seen significant growth driven by heightened awareness of skincare hygiene during the COVID-19 pandemic. Consumers increasingly prioritize deep cleansing to maintain healthy skin and prevent infections. This has led to a surge in demand for facial cleansing devices such as sonic brushes and cleansing massagers. Manufacturers have responded by innovating with advanced technologies like ultrasonic cleansing and antibacterial materials. Additionally, the rise of sustainable and eco-friendly cleaning devices has captured consumer interest, aligning with growing environmental consciousness. Overall, the cleaning segment continues to expand as consumers prioritize effective skincare routines.
The Online Service Segment is Expected to Hold the Largest Share of the Facial Beauty Devices Market
The online services segment in the facial beauty devices market has experienced remarkable growth, fueled by the digital transformation accelerated by the COVID-19 pandemic. With consumers turning to online platforms for skincare advice and product recommendations, the demand for virtual consultations, tutorials, and personalized skincare routines has surged. Beauty brands and retailers have capitalized on this trend by offering virtual try-on tools, live chat support, and interactive skincare quizzes to enhance the online shopping experience. As a result, the online services segment has become an integral part of the facial beauty device market, catering to the evolving needs of tech-savvy consumers.
In the Region, North America Holds a Significant Revenue Share in the Facial Beauty Devices Market
The facial beauty devices Market witnessed significant expansion in the North American region in 2023, attributed to the presence of cutting-edge devices and a substantial aging population. The proliferation of advanced beauty solutions, coupled with the prevalence of an aging demographic, contributed to the notable growth observed in the beauty devices market across North America. Moreover, the increasing awareness surrounding beauty devices emerged as a prominent driver fuelling market expansion in this region. The Asia Pacific region is showing robust growth rates within the Beauty Devices Market throughout the forecast period. Notably, countries such as India and China are anticipated to experience rapid growth in the beauty devices sector, underscoring the region's expanding market potential. Furthermore, China's beauty and personal care market is on an upward trajectory, buoyed by the nation's rapid economic advancement.
Recent Developments:
- In September 2022, the leading global skincare brand L'Oréal entered into an agreement to acquire SkinBetter Science, an American doctor-distributed skincare brand based on cutting-edge dermatology.
- In June 2021, Hale Cosmeceuticals, the world's leading beauty device product manufacturer in the United States, launched two amazing beauty products made from natural ingredients.
Facial Beauty Devices Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 14.2 Bn |
|
Revenue Forecast In 2031 |
USD 40.7 Bn |
|
Growth Rate CAGR |
CAGR of 14.4% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Type, By Application and By Region |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
|
Competitive Landscape |
Philips, Panasonic, Conair, Hitachi, Clarisonic, MTG, KAKUSAN, You Man, Home Innovations, Clinique, KINGDOM CARES, HABALAN, NuFace, Refa. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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