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Home-Use Beauty Devices Market with Latest Trends and Advanced Technology

Valued at $6,457.4 million in 2019, the global home-use beauty devices market is predicted to attain a value of $45,956.3 million by 2030, exhibiting a CAGR of 20.4% between 2020 and 2030, as per the forecast of the market research firm, P&S Intelligence. The major factors fuelling the progress of the market are the increasing incidence of skin-related ailments, rising disposable income of people, soaring geriatric population, surging incidence of hormonal diseases, and growing public awareness regarding beauty devices.

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Home-Use Beauty Devices Market with Latest Trends and Advanced Technology

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  1. Over 25.0% CAGR Expected in Home-Use Beauty Devices Market during 2020–2030 © P&S Intelligence. All rights reserved Page 1

  2. The global home-use beauty devices market revenue stood at $9,571.6 million in 2020, and it is expected to rise to $89,535.1 million by 2030. According to the estimates of the market research firm, P&S Intelligence, the market will advance at a CAGR of 25.1% from 2020 to 2030 (forecast period). The growing public awareness about beauty devices, rising incidence of skin diseases, mushrooming population of geriatric people, and increasing appearance consciousness of people are the major factors fueling the expansion of the market across the globe. According to the World Population Ageing 2020 report published by the United Nations Department of Economic and Social Affairs (UNDESA), the population of people aged 65 years or above will rise from 727 million in 2020 to more than 1.5 billion by 2050. Since ageing causes the loss of fibrous tissues and a massive reduction in the glandular and vascular network, geriatric people are highly vulnerable to skin sagging, pigmentary changes, dryness, and wrinkles and therefore, their surging population is positively impacting the worldwide demand for home-use beauty devices, as these devices help in tightening and revitalizing the skin. Depending on technology, the home-use beauty devices market is classified into vibration, nano-iconic, electroporation, microneedling, laser/light, and radiofrequency (RF) energy. Out of these, the laser/light category is predicted to exhibit the highest growth rate in the market throughout the forecast period. Wavelengths of high-energy light are emitted by these devices, which target a particular skin disorder or condition and generate heat energy in order to destroy the diseased cells. This subsequently leads to improved skin condition. When indication is taken into consideration, the home-use beauty devices market is categorized into acne treatment, hair removal, skin rejuvenation, cleansing, hair growth, oxygen/facial steaming, dermarolling, and cellulite reduction. Out of these, the hair removal category held the largest share in the market during the last few years. Hair removal devices are used for removing and reducing unwanted hair painlessly, without causing any damage to the surrounding skin. Additionally, the surging use of laser hair removal devices is also predicted to propel the advancement of the category in the coming years. © P&S Intelligence. All rights reserved Page 2

  3. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 © P&S Intelligence. All rights reserved Page 3

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