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Home-Use Beauty Devices Market Overview, Segment Analysis, Regional Outlook and Growth Forecasts 2030

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Home-Use Beauty Devices Market Overview, Segment Analysis, Regional Outlook and Growth Forecasts 2030

November 23
20:12 2021
Home-Use Beauty Devices Market Overview, Segment Analysis, Regional Outlook and Growth Forecasts 2030
Geographically, North America held the largest share in the home-use beauty devices market in 2020 due to the high consumer expenditure on beauty devices and procedures, owing to the extensive disposable income of people and increasing consciousness regarding physical appearance, in the region.

The home-use beauty devices market is expected to exhibit a CAGR of 25.1% during 2020–2030, owing to the mounting public awareness on beauty devices, growing geriatric population, and rising incidence of skin illnesses. According to P&S Intelligence, the market was valued at $9,571.6 million in 2020, and it is projected to generate $89,535.1 million revenue by 2030. Currently, the increasing availability of new and innovative beauty products to improve skin texture, treat skin ailments, and reduce aging signs is becoming a prominent market trend.

One of the primary growth drivers for the market is the booming elderly population. Old age results in a reduced glandular and vascular network and loss of fibrous tissues, owing to which wrinkles, skin sagging, pigment changes, and dryness appear. To treat these ailments and revitalize and tighten their skin, old people are using anti-aging devices. According to the United Nations Department of Economic and Social Affairs (UNDESA), the global population of individuals aged 65 years and more will grow from 727 million in 2020 to approximately 1.5 billion by 2050.

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In recent years, players in the home-use beauty devices market have launched novel products, expanded their geographical presence, and acquired other companies to gain a competitive edge. For instance, in March 2020, Sulwhasoo, a brand of Amorepacific Corporation, expanded its presence in North America by introducing its products at the Sephora stores in the prominent cities of the U.S. and on sephora.com. Furthermore, in January 2021, Nu Skin Enterprises Inc. introduced the ageLOC Boost device system for customers in the Pacific region, Canada, and parts of Latin America.

The technology segment of the home-use beauty devices market is categorized into electroporation, vibration, microneedling, nano-iconic, laser/light, and radiofrequency (RF) energy. Among these, the laser/light category generated the highest revenue in 2020 due to the ability of laser technology to reduce the inflammation and redness associated with skin disorders, such as rosacea and acne. Laser/light targets specific areas of the skin, without harming the healthy skin part. The laser uses heat to facilitate the growth of fibroblasts, which are precursors to new collagen in the skin.

Browse detailed report on Global Home-Use Beauty Devices Market Size and Growth Forecast to 2030

Whereas, the Asia-Pacific (APAC) home-use beauty devices market is projected to exhibit the fastest growth throughout the forecast period (2021–2030) owing to the growing prevalence of skin diseases, surging public consciousness about physical appearance, and increasing incidence of hormonal disorders in the region. APAC nations, such as Thailand, India, Vietnam, and China, hold an immense growth potential for the market players due to their booming millennial population. Additionally, the burgeoning demand for multifunctional products is catalyzing the market growth in the region.

Thus, the burgeoning geriatric population and increasing availability of technologically advanced products will drive the market growth.

Market Size Breakdown by Segment

By Technology

  • Laser/Light
  • Vibration
  • Radiofrequency (RF) Energy
  • Nano-Iconic
  • Microneedling
  • Electroporation

By Indication

  • Hair Removal
  • Cleansing
  • Acne Treatment
  • Skin Rejuvenation
  • Oxygen/Facial Steaming
  • Hair Growth
  • Dermarolling
  • Cellulite Reduction

By Region

  • North America
    • U.S.
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • New Zealand
    • Taiwan
    • Singapore
    • Vietnam
    • Malaysia
    • Thailand
    • Sri Lanka
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Benelux
    • Poland
    • Turkey
    •  Switzerland
    • Czech Republic
    • Hungary
    • Slovakia
  • Latin America
    • Brazil, Mexico
    • Argentina
    • Chile
  • Middle East and Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    •  Israel, Kuwait
    •  Oman
    • Qatar
    •  Bahrain

Browse Other Related Reports

Beauty Devices Market – Geographically, the Asia-Pacific beauty devices market is projected to record the highest CAGR during the forecast period. This can will be due to the surge in the disposable income, increase ing prevalence of skin diseases, rise ing awareness on beauty devices, growth in ing geriatric population, introduction of low-cost beauty products, easy availability of leading brands, and increase ing concern about physical appearance, in the region.

Beauty Devices Market in United States – The U.S. beauty devices market reached a value of $17,623.1 million in 2020, and it is predicted to progress at a CAGR of 19.6% from 2021 to 2030. Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will generate a revenue of $99,468.0 million by 2030.

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Country: India
Website: https://www.psmarketresearch.com/market-analysis/home-use-beauty-devices-market

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