Global Market Study on Beauty Devices: Asia to Witness Highest Growth by 2020

  • Published On : Jan-2015 |
  • Pages : 113 Pages |
  • Format :

Skin is one of the most complex organs of the body that regulates the body temperature and acts as a shield to protect the body from ultraviolet rays, bacteria, and viruses, among others. Skin diseases and conditions are treated with the help of various medicines, creams, and therapies. In order, to look younger and reduce skin aging, various anti-aging products and devices are used to revitalize and tighten the skin. Skin care is achieved with the help of personal care products, such as beauty devices and beauty products. However, beauty devices have more potential to rectify dermal conditions with greater efficiency, markedly improving the appearance of the skin. In addition, beauty devices provide immediate results, especially when it comes to wrinkle and blemish removal. 

North America dominates the global market for beauty devices due to a large number of aging population and availability of advanced devices. Asia is expected to show high growth rates in the next five years in the global beauty devices market. China and India are expected to be the fastest growing beauty devices markets in the Asian region. In addition, the beauty and personal care market in China are also growing due to the rapid economic development in the country. Some of the key driving forces for beauty devices market in emerging countries are rise in disposable income, large pool of patients and increasing awareness of potential application of beauty devices for the treatment of skin and hair problems. 

In recent times, there is increased the use of beauty devices due to rise in aging population. Increasing prevalence of skin diseases, harmful effects of ultraviolet radiation, and increase in disposable income leading to rise in spending on personal care are fuelling the growth of the market. On the other hand, complications such as prolonged erythema, contact dermatitis, superficial bacterial and fungal infections, associated with beauty devices inhibit the growth of global beauty devices market. In addition, extended availability of easy-to-use beauty products is also a major concern for the beauty device market. In addition, growing product innovation and rising inclination of consumers towards at-home beauty devices are some of the major trends for the beauty devices market.

This report provides in-depth analysis and estimation of the beauty devices market for the period 2014 to 2020, considering 2013 as the base year of calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The beauty devices market is categorized on the basis of the usage area of beauty devices, type of beauty devices, and geography. Based on usage area of beauty devices, the market comprises of salons, spas, at home, and others. Type comprises hair removal devices, hair growth devices, cleansing devices, acne removal devices, oxygen and steamer devices, rejuvenation devices, light/LED therapy and Photorejuvenation devices, skin derma rollers, cellulite reduction devices, and others. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia, Latin America and Rest of the World (RoW). 

Globally, the beauty devices market is witnessing significant growth due to increasing aging population. In addition, rising personal care spending, increasing prevalence of skin diseases and harmful effect of ultra violet radiation are also fueling the growth of the market. However, risks and complications associated with beauty devices and extended availability of easy-to-use beauty products hampers growth of the global beauty devices market.

The global beauty devices market is expected to grow from an estimated USD 19,389.1 million in 2014 to USD 54,186.9 million in 2020 at a CAGR of 18.7% during the forecast period. North America is the largest market for beauty devices. Most commonly used in salons; hair removal devices are the most popular type of beauty devices. In terms of growth, Asia is the fastest growing region; at-homes make for the fastest growing usage area; while Light/LED therapy and photorejuvenation devices make for the fastest growing type of beauty devices.

Hair removal devices are used to remove and reduce unwanted hair painlessly without damaging the surrounding skin. The global hair removal devices market is expected to grow from an estimated USD 3,706.1 million in 2014 to USD 10,977.5 million in 2020 at a CAGR of 19.8% during the forecast period.

Some of the major players in the Beauty devices market:

  • L’Oréal Group.
  • Nu Skin Enterprises, Inc.
  • Home Skinovations, Ltd.
  • PhotoMedex, Inc.
  • TRIA Beauty, Inc.
  • Syneron Medical, Ltd.
  • Koninklijke Philips N.V.
  • Panasonic Corporation.
  • Carol Cole Company.
  • Procter & Gamble.
  • Other.

These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

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