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Home Use Beauty Device Market By Type (hair care, skin care, oral care and others); By end-user (retail and e-commerce); By Application (salons, clinics and others) and Regional Analysis of Market Size, Share and Trends for 2014-2019 and Forecasts to 2030.
Home Use Beauty Device Market to surpass USD 92943.2 m million by 2030 from USD 11981 million in 2021 in 2021 at a CAGR of 25.6% in the coming years, i.e., 2021-31.
Beauty devices are produced and sold to enhance the physical appearance of a person. They help in resolving the issues related to skin and hair and are useful in cosmetic usages such as acne, wrinkles, scars, and others. Rising population, rising hormonal disorders, high disposable income, hair problems, and technological advancements are factors that increase the usage of beauty devices. These beauty devices aim to provide services similar to that one would get from any aesthetic treatment. An increase in the customer's interest in beauty devices used at home and the launch of new advanced products in the market are expected to accelerate market growth.
Home Use Beauty Device Market is expected to project a CAGR of 25.6% during the forecast period, 2021-2031
Increase in the customer's interest in beauty devices used at home and launch of new advanced products in the market to accelerate market growth. The rise in the aging population globally which leads to saggy skin, dryness, wrinkles, and alteration in pigmentation is also likely to increase the growth of the home use beauty device market.
The Hair Care segment to grow with the highest CAGR of XX% during 2020-2030
By type, the market is segmented into haircare, skincare, oral care, and others. A large number of hormonal imbalance cases in the women population cause facial hair growth and the availability of a large number of devices for hair removal and hair care accelerates the hair care segment.
The Retail Segment to grow with the highest CAGR of XX% from during 2020-to 2030
By end-user, it can be classified into retail and e-commerce. The retail sector is to dominate the segment owing to the availability of home-use beauty devices at these retail stores and the presence of companies like TRIA, Foreo, and ZIIP.
The Salon Segment to grow with the highest CAGR of XX% during 2020-2030
By application, the home beauty device market is divided into salons, clinics, and others. The salons dominated the application segment due to the rise in population and their increased demand for the products. The rise in working-class women and their inclination toward self-care is also expected to increase the growth of the salon's segment.
Increased interest in beauty devices and utilization of electric devices to spur growth
Increase in the customer's interest in beauty devices used at home and launch of new advanced products in the market to accelerate market growth. The rise in the aging population globally which leads to saggy skin, dryness, wrinkles, and alteration in pigmentation is also likely to increase the growth of the home use beauty device market. Additionally, a rise in the utilization of electric products for the use of enhancing beauty and treatment of beauty problems also drives the market.
The presence of substitutes and side effects to beauty devices hamper the market growth
The presence of substitutes for beauty devices is to act as a restraint in the home-use beauty device market. A side effect of the use of beauty devices such as scarring, burns, and edema is likely to hamper the growth of the market. Photorejuvenation dangers such as bruising, swelling, and blistering are expected to harm the growth of the market. Increased competition in the market is to act as a challenge for existing and new players.
North America dominates the home use beauty device market due to the high disposable income of people as well as their high knowledge and awareness about the home device applicants used in skin and hair disease treatment. APAC region is expected to also show significant growth in the market owing to the advancement in technology in the healthcare sector as well as the high population and rising skin disease incidents. Government support for research and development is anticipated to also surge the market growth for home use beauty devices.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Home Use Beauty Device Market size was estimated at USD 811981 million in 2021 and is expected to reach USD 92943.2 by 2030
Home innovations Ltd., Panasonic Corporation, L’Oreal, SA TRIA Beauty Inc., Carol Cole Company Inc,. YA-MAN Ltd., LightStim, Conair Corporation, Other Prominent Players
The Retail Segment and The Hair Care segment are anticipated to hold the Home Use Beauty Device Market
Driver Increased interest in beauty devices and utilization of electric devices to spur growth
Beauty devices are produced and sold to enhance the physical appearance of a person. They help in resolving the issues related to skin and hair and are useful in cosmetic usages such as acne, wrinkles, scars, and others.
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