Beauty Devices Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The beauty device market size has grown rapidly in recent years. It will grow from $44.84 billion in 2023 to $51.86 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to personalization, sustainability, health and wellness focus, virtual consultations, and integration with wearables.
The beauty device market size is expected to see rapid growth in the next few years. It will grow to $92.55 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to increasing disposable income, rising aging population, celebrity endorsements, consumer education, and retail expansion. Major trends in the forecast period include at-home treatments, tech integration, multi-functionality, technological innovations, and product launches.
The increasing number of cosmetic procedures is expected to propel the growth of the beauty device market going forward. Cosmetic procedures refer to medical or aesthetic treatments performed to enhance or alter a person’s appearance for non-medical reasons. Cosmetic procedures are increasing due to several factors, including technological advances in cosmetic surgery that have made them safer and less invasive, with a faster recovery time, and lowered the cost of procedures. Beauty devices play a crucial role in cosmetic procedures by offering advanced technologies and tools to enhance various aspects of aesthetic treatments. These devices are designed to provide effective and innovative solutions to address cosmetic concerns and improve the overall appearance of individuals.
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What Are The Key Trends That Influence Beauty Devices Market Share Analysis?
Major companies operating in the beauty devices market are innovating new technological products, such as SmartAppGuided, to increase their profitability in the market. The SmartAppGuided app offers directions and instructions for different beauty and pet care devices.
Which Market Players Are Driving Growth In The Beauty Devices Market?
Major companies operating in the beauty devices market are Johnson & Johnson, Hitachi Ltd., The Procter & Gamble Company, MTG Co. Ltd., Unilever plc, Panasonic Corporation, L’Oréal S.A., Koninklijke Philips N.V., Shiseido, Amorepacific Corporation, Nu Skin Enterprises Inc., Conair Corporation, Revlon, FOREO, Oriflame, YA-MAN Ltd., Silk’n, Carol Cole Company, Cynosure, LLC, Beurer, Beurer, Sciton Inc., Syneron Medical Ltd., Homedics, Clarisonic, Tria Beauty, TRIA Beauty, NuFACE, Quasar Bio-Tech Inc., Trophy Skin
How Is The Global Beauty Devices Market Segmented?
1) By Type: Hair Care Devices; Facial Devices; Skin Care Devices; Oral Care Devices; Eye Care Devices
2) By Gender: Female; Male
3) By End Users: Commercial Or Professional; Domestic Or Personalized Or Homecare
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The Beauty Devices Global Market Report 2024 provides an overview of the beauty devicesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The beauty devices market forecast analyzes beauty devices market size, beauty devices market share, leading competitor and their market positions.
The Table Of Content For The Beauty Devices Market Include
1. Beauty Devices Market Executive Summary
2. Beauty Devices Market Segments
3. Beauty Devices Market Size And Template Market Growth Rate
4. Key Beauty Devices Market Trends
5. Major Beauty Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Beauty Devices Market
26. Top Beauty Devices Companies
27. Beauty Devices Market Opportunities And Strategies
28. Beauty Devices Market, Conclusions And Recommendations
29. Appendix
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