Beauty Devices: The New Devices You Need to Add to Your Beauty Routine | How Dose It Works ?
Beauty devices are made and sold for the purpose of enhancing the physical attractiveness of users. These devices come in handy and are very useful for the cosmetic usage area including skin related issues, such as acne, wrinkles and scars usage areas among others. The growth of the market is attributed to the some key driving factors such as preference toward increasing prevalence of age related skin issues, changing consumer psyche towards beauty and wellness. However, undesirable side effects are expected to restraint the growth of the beauty devices market during the forecast years.
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The global beauty devices market is expected to reach US$ 80,741.48Mn in 2027 from US$ 29,648.11 Mn in 2019. The market is estimated to grow with a CAGR of 13.7% from 2020-2027.
The global beauty devices market, based on the device type, is segmented into hair removal devices, cleansing devices, hair growth devices, rejuvenation devices, light/LED therapy and photo rejuvenation devices, acne devices, skin dermal rollers, others. The hair removal devices segment held the largest share of the market in 2019. Whereas, the light/LED therapy and photo rejuvenation devices segment is estimated to register the highest CAGR in the market during the forecast period owing to their increasing usage in home applications. Moreover, LED light therapy is gaining popularity in both dermatologist offices and at home. Using different LED wavelengths, this skincare technique helps in treating acne, reduce inflammation, and promote anti-aging effects.
The beauty devices market is expected to grow, owing to factors such as preference toward increasing prevalence of age related skin issues, changing consumer psyche towards beauty and wellness. However, undesirable side effects are expected to restraint the growth of the market during the forecast years.
List of the Top Key Companies:
2. L'OREAL GROUP
3. Procter & Gamble
4. Koninklijke Philips N.V.
5. Panasonic Corporation
6. TRIA BEAUTY
8. YA-MAN LTD
11. Nu Skin Enterprises, Inc.
12. MTG Co.,Ltd
Source: The Insight Partners