InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Facial Beauty Devices Market- (By Type (Cleaning, Massage and Whitening), By Application (Online Sales and Offline Sales)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Facial Beauty Devices Market is valued at US$ 14.2 Bn in 2023, and it is expected to reach US$ 40.7 Bn by 2031, with a CAGR of 14.4% during the forecast period of 2024-2031.
The market for facial beauty devices serves a wide spectrum of customers, including dermatological clinics, skincare enthusiasts, people who are mindful of their appearance, and salon professionals. Variations in customer tastes, demographic shifts, technology innovations, and changing beauty standards all impact market dynamics. Most people are familiar with beauty equipment and how to utilize them. Beauty devices have several benefits. They can be used to enhance and improve the glow of the skin. These beauty devices can be seen in various salons, spas, and at-home beauty treatments. The global facial beauty devices market has seen enormous growth in recent years, driven by increasing consumer demand for non-invasive beauty treatments and technological advancements. Key factors contributing to market growth include rising disposable incomes, growing awareness of skincare, and the desire for a youthful appearance among the aging population.
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List of Prominent Players in the Facial Beauty Devices Market:
- Philips
- Panasonic
- Conair
- Hitachi
- Clarisonic
- MTG
- KAKUSAN
- You Man
- Home Innovations
- Clinique
- KINGDOM CARES
- HABALAN
- NuFace
- Refa
Market Dynamics:
Drivers-
Several key factors drive the global facial beauty devices market. Starting with the increasing emphasis on personal grooming and appearance enhancement, the demand for facial beauty devices is being pushed. The need for at-home beauty treatments and self-care is driving growth in the facial beauty devices market. Technological advancements have revolutionized the beauty industry, enabling the development of innovative and effective facial beauty devices. The accessibility of these advanced technologies empowers consumers to achieve professional-grade skincare results from the comfort of their homes. The facial beauty devices market is placing a greater emphasis on sustainability and environmental friendliness, which is propelling the creation of energy-efficient gadgets and recyclable materials.
Challenges:
Various side effects regarding beauty devices, such as edema, scarring, and burns, are further estimated to hinder the growth of the beauty devices market in the targeted period. However, the decline in the penetration in advancing and underdeveloped countries and the dearth of consumer knowledge might further challenge the growth of the beauty devices market in the near future. Despite its growth potential, the global facial beauty devices market faces several restraints that could impede its expansion. The high cost associated with advanced facial beauty devices acts as a significant barrier to adoption, particularly in emerging economies where purchasing power is lower. This limits market penetration and restricts access to advanced skincare technologies for a considerable portion of the population.
Regional Trends:
The North American facial beauty devices market can be attributed to the presence of cutting-edge devices and a substantial ageing population. The proliferation of advanced beauty solutions and the prevalence of an aging demographic contributed to the notable growth observed in the beauty devices market across North America. Moreover, the increasing awareness surrounding beauty devices emerged as a prominent driver fuelling market expansion in this region. The North American population also increasingly prioritizes self-care and personal grooming, further fueling market growth. The popularity of at-home beauty treatments has surged in North America, particularly in light of the COVID-19 pandemic, which has limited access to professional skincare services.
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Recent Developments:
- In September 2022, the leading global skincare brand L’Oréal entered into an agreement to acquire SkinBetter Science, an American doctor-distributed skincare brand based on cutting-edge dermatology.
- In June 2021, Hale Cosmeceuticals, the world’s leading beauty device product manufacturer in the United States, launched two amazing beauty products made from natural ingredients.
Segmentation of Facial Beauty Devices Market-
Facial Beauty Devices Market- By Type
- Cleaning
- Whitening
- Massage
Facial Beauty Devices Market- By Application-
- Online Sales
- Offline Sales
Facial Beauty Devices Market- By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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