Global Beauty Devices Market Report, published by Variant Market Research, forecast that the global market is expected to reach $113 Billion by 2024 from $29 Billion in 2016, growing at a CAGR of 18.3% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 20.6% and 19.4%, respectively, during the forecast period.

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Increasing geriatric population, rising disposable income, increasing occurrence of skin related diseases, growing consciousness through various advertisements & promotions, and increasing appearance consciousness among consumers are some of the factors propelling the global beauty devices market. However, expensive beauty devices and likelihood of side effects may act as the restraint for the market. Also, growing popularity of personalized, eco-friendly, and at-home beauty devices are expected to generate profitable opportunities for the market.

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The global beauty devices market is majorly classified into device type, usage area, and geography. Classification by device type is given as rejuvenation devices, hair growth devices, cellulite reduction devices, skin dermal rollers, cleansing devices, hair removal devices, oxygen & steamer devices, light/LED therapy & photo rejuvenation devices, acne devices, and others. Among which, hair removal devices and cleaning devices dominated the largest market share in 2016. Usage area is further categorized into spa, salon, at home, and others. Among which salon held the largest market share in 2016, while at home is projected to achieve the fastest CAGR all through the forecast period i.e. from 2016 to 2024.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global beauty devices market. North America accounted for the majority of the market share with 52.1%, followed by Asia-Pacific with share of 22.3%, respectively in 2016. In terms of growth, Asia-Pacific is expected to grow with the fastest CAGR 20.6%, driven by growing disposable income, high population base, and market expansion by major companies.

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The key players operating in this market include Panasonic Corporation, Syneron Medical Ltd., L’Oreal S.A., Lumenis Ltd., Home SKinovations Ltd., Koninklijke Philips N.V., Nu Skin Enterprises, Carol Cole Company., TRIA Beauty, Inc., and Procter & Gamble, among others.

Scope of the Global Beauty Devices Market

Device Type Segments
• Cellulite Reduction Devices
• Skin Dermal Rollers
• Hair Removal Devices
• Cleansing Devices
• Hair Growth Devices
• Rejuvenation Devices
• Light/LED Therapy & Photorejuvenation Devices
• Acne Devices
• Oxygen & Steamer Devices
• Other Devices

Usage Area Segments
• Salon
• Spa
• At Home
• Other Usage Areas

Geography Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia-Pacific
o China
o Japan
o India
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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