Beauty Devices Market By Product (Hair Removal Devices, Acne Devices, Skin Derma Rollers, Hair Growth Devices, Cellulite Reduction Devices, Oxygen & Streamer Devices, Light/LED Therapy & Photorejuvenation Devices , Cleansing Devices, Others), By Application (Commercial, Domestic, Others), By Technology (Lasers Invigorate, Wearable Devices, Others), By End-user (Beauty Centers & Spas, Home-use, Dermatology Centers, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027
Key Market Insights
“New Artificial intelligence Powered Devices Supports the Growth of the Market”
The beauty devices market is expected to grow at a CAGR of 18.8% during the forecast period from 2019 to 2027, starting from US$ 36.74 Bn in 2018.
Consumers are nowadays are becoming more inclined towards using personalized beauty cosmetic range and connected beauty products are new trends in the cosmetics and wellness industries. As a result, top manufacturers aim to provide consumers with personalized and AI-based devices. For instance, in January 2020, L’Oreal announced to launch a personalized makeup device. Perso is an artificial intelligence-powered device that is capable to deliver on-the-spot skincare, lipstick, and foundation. The device will be available in markets by the year 2021. Moreover, factors such as negligible risk associated with such beauty products and easy operation increase the demand for beauty devices globally.
The reports by Philips suggest that there is a growth in the usage of at-home based IPL hair removal and other beauty devices such as Philips Lumea. The reports by the company also suggest, increasing the penetration of such devices from 3% in 2015 to around 7% in the year 2018. Moreover, increasing rates of skin and hair related problems coupled with a rising aging population globally supports the growth of the market.
Product Analysis
“Introduction of innovative laser technology in hair removal devices supports the growth of the market”
The hair removal devices dominated the overall beauty devices market in the year 2018 and expected to hold its dominance during the forecast period. The hair removal devices market is expected to reach around US$ 3.5 billion by the year 2026. Thereby, increases the demand for the segment. Moreover, the development of innovative laser hair removal devices globally supports the growth of the market. For instance, in January 2020, Lumenis Ltd., leader of energy-based devices for aesthetics and surgery launched a new platform. The new Lightsheer Quattro offers clinically prove hair removal retreatment by using laser technology. The platform offers treatment to all kinds of skin. Thereby, increases the demand for hair removal devices globally.
Regional Analysis
“North America dominated the beauty devices market”
North America dominated the beauty devices market in 2018 and expected to continue its dominance during the forecast period. Consumers in the North American region are more inclined towards implementing and using new technologies. Furthermore, increasing the disposable income of consumers in the region supports the growth of the market. The increasing aging population and trends for at-home treatment devices drive the growth of the beauty devices market in the region. Moreover, surge in the prevalence of skin conditions in the region such as acne, scar, etc. The American Academy of Dermatology Association suggests that Acne is the most common skin problem in the U.S, about 50 million Americans suffer from acne-related issues. Thereby, increases the demand for beauty devices in the region.
“Asia Pacific is projected to grow at a considerable rate during the forecast period”
The Asia Pacific is expected to grow at a noticeable rate during the forecast period due to the increase in the aging population. The World Population Aging Report 2017 suggests that the population aged 60 years and above is expected to increase from 550 million in 2017 to 1.3 billion by the year 2050. Moreover, rising disposable income and urbanization also increases the demand for the beauty devices market in the region.
List of Companies Covered:
- Koninklijke Philips N.V.
- Jebsen Consumer Products Co.. Ltd
- CANDELA CORPORATION.
- Nu Skin Enterprises Inc.
- Procter & Gamble.
- L’Oréal Paris
- Panasonic Corporation
- MTG CO., LTD
- NuFACE
- Home Skinovations Ltd.
- TRIA BEAUTY
- Lumenis
- Hitachi Power Device, Ltd.
Key Industry Developments:
- In March 2018, L’Oreal acquired ModiFace, a company based in Canada. The acquisition aims to innovative beauty augmented reality (AR) and Artificial intelligence (AI). Modiface is a developer of innovative technologies of 3D virtual makeup and skin diagnosis services.
- In September 2018, Syneron Candela acquired Ellipse, a Danish medical device company. Ellipse manufacturers laser and IPL (intense pulsed light) based platforms. Through this acquisition, Syneron Candela aims to strengthen its foothold in multi-application devices. Thereby, enables to provide customers with an innovative and comprehensive product portfolio.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Product (2017–2027; US$ Bn) |
|
Application (2017–2027; US$ Bn) |
|
|
Technology (2017–2027; US$ Bn) |
|
|
End-User (2017–2027; US$ Bn) |
|
|
Geography (2017–2027; US$ Bn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall beauty devices market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the beauty devices market and valuable opportunities for emerging players?
- What is driving the beauty devices market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the beauty devices market?
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Beauty Devices (BD) Market
2.2. Global BD Market, by Product, 2018 (US$ Bn)
2.3. Global BD Market, by Application, 2018 (US$ Bn)
2.4. Global BD Market, by Technology, 2018 (US$ Bn)
2.5. Global BD Market, by End-user, 2018 (US$ Bn)
2.6. Global BD Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global BD Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Beauty Devices (BD) Market, by Product, 2017-2027 (US$ Bn)
4.1. Overview
4.2. Hair Removal Devices
4.2.1. Epilators
4.2.2. Trimmers
4.3. Acne Devices
4.4. Skin Derma Rollers
4.5. Hair Growth Devices
4.6. Cellulite Reduction Devices
4.7. Oxygen & Streamer Devices
4.8. Light/LED Therapy & Photorejuvenation Devices
4.9. Cleansing Devices
4.10. Others
5. Global Beauty Devices (BD) Market, By Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Commercial
5.3. Domestic
5.4. Others
6. Global Beauty Devices (BD) Market, by Technology, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Transcutaneous Electrical Nerve Stimulation (TENS) Technology
6.3. Lasers Invigorate
6.4. Wearable Devices
6.5. Others
7. Global Beauty Devices (BD) Market, by End-user, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Beauty Centers & Spas
7.3. Home-us Home-use e
7.4. Dermatology Centers
7.5. Others (Cosmetic Centers, Clinics, etc.)
8. North America Beauty Devices (BD) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America BD Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America BD Market Value, By Product, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America BD Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America BD Market Value, By Technology, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America BD Market Value, By End-user, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America BD Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Beauty Devices (BD) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe BD Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe BD Market Value, By Product, 2017-2027 (US$ Bn
9.2.1. Market Analysis
9.3. Europe BD Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe BD Market Value, By Technology, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe BD Market Value, By End-user, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe BD Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Beauty Devices (BD) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific BD Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific BD Market Value, By Product, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific BD Market Value, By Application, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific BD Market Value, By Technology, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific BD Market Value, By End-user, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific BD Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Beauty Devices (BD) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World BD Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World BD Market Value, By Product, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World BD Market Value, By Application, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World BD Market Value, By Technology, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of World BD Market Value, By End-user, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World BD Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Koninklijke Philips N.V.
12.2. Jebsen Consumer Products Co.. Ltd
12.3. CANDELA CORPORATION.
12.4. Nu Skin Enterprises Inc.
12.5. Procter & Gamble.
12.6. L’Oréal Paris
12.7. Panasonic Corporation
12.8. MTG CO., LTD
12.9. NuFACE
12.10. Home Skinovations Ltd.
12.11. TRIA BEAUTY
12.12. Lumenis
12.13. Hitachi Power Device, Ltd.
* BD - Beauty Devices
TABLE 1 Market Snapshot: Global Beauty Devices (BD) Market
TABLE 2 Global BD Market, by Product, 2017–2027 (US$ Bn)
TABLE 3 Global BD Market, by Application, 2017–2027 (US$ Bn)
TABLE 4 Global BD Market, by Technology, 2017–2027 (US$ Bn)
TABLE 5 Global BD Market, by End-user, 2017–2027 (US$ Bn)
TABLE 6 Global BD Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America BD Market, by Product, 2017–2027 (US$ Bn)
TABLE 8 North America BD Market, by Application, 2017–2027 (US$ Bn)
TABLE 9 North America BD Market, by Technology, 2017–2027 (US$ Bn)
TABLE 10 North America BD Market, by End-user, 2017–2027 (US$ Bn)
TABLE 11 North America BD Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe BD Market, by Product, 2017–2027 (US$ Bn)
TABLE 13 Europe BD Market, by Application, 2017–2027 (US$ Bn)
TABLE 14 Europe BD Market, by Technology, 2017–2027 (US$ Bn)
TABLE 15 Europe BD Market, by End-user, 2017–2027 (US$ Bn)
TABLE 16 Europe BD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific BD Market, by Product, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific BD Market, by Application, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific BD Market, by Technology, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific BD Market, by End-user, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific BD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 RoW BD Market, by Product, 2017–2027 (US$ Bn)
TABLE 23 RoW BD Market, by Application, 2017–2027 (US$ Bn)
TABLE 24 RoW BD Market, by Technology, 2017–2027 (US$ Bn)
TABLE 25 RoW BD Market, by End-user, 2017–2027 (US$ Bn)
TABLE 26 RoW BD Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 27 Koninklijke Philips N.V.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Jebsen Consumer Products Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 CANDELA CORPORATION: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Nu Skin Enterprises Inc..: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Procter & Gamble: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 L’Oreal Paris: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Panasonic Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 MTG Co., LTD.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 NuFace: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36 Home Skinovations Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 37 TRIA BEAUTY: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 38 Lumenis: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 39 Hitachi Power Device, Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Beauty Devices (BD) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global BD Market Segmentation
FIG. 4 Global BD Market, by Product, 2018 (US$ Bn)
FIG. 5 Global BD Market, by Application, 2018 (US$ Bn)
FIG. 6 Global BD Market, by Technology, 2018 (US$ Bn)
FIG. 7 Global BD Market, by End-user, 2018 (US$ Bn)
FIG. 8 Global BD Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key BD Market Manufacturers, 2018
FIG. 11 Global BD Market Value Contribution, By Product, 2018 & 2027 (Value %)
FIG. 12 Global BD Market, by Hair Removal Devices, Value, 2017–2027 (US$ Bn)
FIG. 13 Global BD Market, by Acne Devices, Value, 2017–2027 (US$ Bn)
FIG. 14 Global BD Market, by Skin Derma Rollers, Value, 2017–2027 (US$ Bn)
FIG. 15 Global BD Market, by Hair Growth Devices, Value, 2017–2027 (US$ Bn)
FIG. 16 Global BD Market, by Cellulite Reduction Devices, Value, 2017–2027 (US$ Bn)
FIG. 17 Global BD Market, by Light/LED Therapy & Photroejuvenation Devices, Value, 2017–2027 (US$ Bn
FIG. 18 Global BD Market, by Cleansing Devices, Value, 2017–2027 (US$ Bn)
FIG. 19 Global BD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 20 Global BD Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 21 Global BD Market, by Commercial, Value, 2017–2027 (US$ Bn)
FIG. 22 Global BD Market, by Domestic, Value, 2017–2027 (US$ Bn)
FIG. 23 Global BD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 24 Global BD Market Value Contribution, By Technology, 2018 & 2027 (Value %)
FIG. 25 Global BD Market, by Transcutaneous Electrical Nerve Stimulation (TENS) Technology, Value, 2017–2027 (US$ Bn)
FIG. 26 Global BD Market, by Laser Invigorate, Value, 2017–2027 (US$ Bn
FIG. 27 Global BD Market, by Wearable Devices, Value, 2017–2027 (US$ Bn
FIG. 28 Global BD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 29 Global BD Market Value Contribution, By End-user, 2018 & 2027 (Value %)
FIG. 30 Global BD Market, by Beauty Centers & Spas, Value, 2017–2027 (US$ Bn)
FIG. 31 Global BD Market, by Home-use, Value, 2017–2027 (US$ Bn)
FIG. 32 Global BD Market, by Dermatology Centers, Value, 2017–2027 (US$ Bn)
FIG. 33 Global BD Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 34 U.S. BD Market, 2017–2027 (US$ Bn)
FIG. 35 Rest of North America BD Market, 2017–2027 (US$ Bn)
FIG. 36 U.K. BD Market, 2017–2027 (US$ Bn)
FIG. 37 Germany BD Market, 2017–2027 (US$ Bn)
FIG. 38 France BD Market, 2017–2027 (US$ Bn)
FIG. 39 Rest of Europe BD Market, 2017–2027 (US$ Bn)
FIG. 40 Japan BD Market, 2017–2027 (US$ Bn)
FIG. 41 China BD Market, 2017–2027 (US$ Bn)
FIG. 42 India BD Market, 2017–2027 (US$ Bn)
FIG. 43 Rest of Asia Pacific BD Market, 2017–2027 (US$ Bn)
FIG. 44 Middle East & Africa BD Market, 2017–2027 (US$ Bn)
FIG. 45 Latin America BD Market, 2017–2027 (US$ Bn)
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