The European beauty devices market is expected to grow at a CAGR of 17.6% during the forecast period with its market size predicted to reach USD 22.9 billion by 2024.

High disposable income in the European countries illustrates high affordability of premium devices in the region, which creates huge traction among industry players for exploiting revenue growth opportunities.

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In addition to the adoption of premium devices by salons and spas, the development of hand-held devices has increased the demand for these devices by consumers for at-home use. These devices provide consumers the opportunity for beauty treatment at home, and also leads to the reduction in overall cost of services incurred by them when getting treatment at spas and salons.

The primary end users of beauty devices in Europe are beauty clinics, spas and salons, and at home users. Among all end users, the spas and salons are estimated to account for the largest share of the European beauty devices market size in 2018 and the demand for beauty devices is anticipated to remain the largest in the spas and salons.

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France is predicted to observe the highest growth in the market among different countries in the region. The industry players are investing in research and development for better treatment options fuelled by the consumer willingness to pay. This leads to the high growth in demand for the beauty devices in the French market.

Some of the players operating in the European beauty devices industry are Panasonic Corporation, L’Oreal SA, Photomedax Inc., Home Skinovations Ltd, The Proctor & Gamble Company, Koninklijke Philips N.V., Lumenis Ltd., Syneron-Candela, TRIA Beauty, Inc., and Alma Lasers.

Source: VynZ Research