Beauty Devices Market by Type of Device, by Usage, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600375
  • Report
  • Region: Global
  • 124 pages
  • P&S Market Research
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Global beauty devices market is expected to reach $97.0 billion by 2023, the market is mainly driven by the rising incidence of skin diseases, surging disposable income, escalating geriatric population, increasing appearance consciousness and awareness about beauty devices, and growing prevalence of hormonal disorders,

Insights into market segments

Based on type of device, the beauty devices market is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $25.0 billion by 2023, registering a CAGR of 20.0% during the forecast period. This is attributed to the occurrence of hormonal disorders leading to abnormal hair growth in the body and the availability of user friendly, compact, and innovative hair removal devices.

In terms of usage, the beauty devices market has been categorized into salon, spa, at-home, and others. During the forecast period, the market is expected to witness the highest growth in the at-home category, with a CAGR of 20.2%. The easy availability of these beauty devices across the globe and less expertise required for their use leads to their increased adoption is attributing to its growing popularity globally.

The European market is projected to witness the fastest growth

During the forecast period, the European beauty devices industry is expected to outpace the North American beauty devices industry, in terms of growth, on account of increasing healthcare spending, growing aging population, increasing prevalence of skin diseases, and technological advancements in beauty devices.

According to the European Commission publication in 2014, the population of people aged 65 years and above was approximately 93.2 million in 2013, and the number is estimated to reach 105.3 million by 2020. The aging population is driving the demand of beauty devices, as aging leads to skin dryness, which further leads to the formation of wrinkles. This happens due to the weakening of collagen, the protein that provides strength and elasticity to the skin. Certain beauty devices help in building collagen to reveal a younger looking skin; thereby leading to the growth of the market.

Competitive Landscape of the industry

L’Oréal Group offers its skin care devices under the brand Clarisonic; the company offers a range of products under this brand, such as Clarisonic Mia 1, Clarisonic Mia 2, and Clarisonic Mia 3. However, L’Oréal’s hair care device offerings are fewer in number as compared to its skin care devices. In terms of product offerings, Philips is the leading player in the market, offering products for hair removal, skincare, and hair care. Philips offers both skin care and hair care devices, such as hair dryers, pro straighteners, IPL hair removal devices, and epilators for hassle-free hair removal.

Lumenis Ltd. offers a diverse range of devices for aesthetic treatments, which include ablative-skin-resurfacing, acne-scars-treatment, blepharoplasty, laser hair removal, pigmentation, rosacea, scar revision, skin-toning, tattoo removal, vascular leg vein, non-ablative skin resurfacing, and photorejuvenation. Some of its products are LightSheer DESIRE, a new generation of laser hair reduction system, ResurFX, LightSheer INFINITY, M22, and LightSheer Duet.

Some of the other key players operating in the beauty devices market are Panasonic Corporation, Lumenis Ltd, Home Skinovations Ltd, the Procter & Gamble Company, Syneron Medical Ltd, iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company.

Beauty Devices Market Segmentation

Market Segmentation by Type of Device

Hair Removal
Cleansing
Acne
Light/LED Therapy and Photorejuvenation
Oxygen and Steamer
Hair Growth
Dermal Rollers
Cellulite Reduction
Others

Market Segmentation by Usage

Salon
Spa
At-Home
Others

Market Segmentation by Geography

North America beauty devices market
By type of device
By usage
By country - U.S. and Canada

Europe beauty devices market
By type of device
By usage
By country - Germany, France, U.K., Italy, Spain, Benelux, Russia, Switzerland, Turkey, Poland, Czech Republic, Hungary, Slovakia, and Rest of Europe

Asia-Pacific (APAC) beauty devices market
By type of device
By usage
By country - China, Japan, India, Australia, South Korea, New Zealand, Taiwan, Singapore, Vietnam, Malaysia, Thailand, Sri Lanka, and Rest of APAC

Latin America (LATAM) beauty devices market
By type of device
By usage
By country - Brazil, Mexico, Argentina, Chile, and Rest of LATAM

Middle East and Africa (MEA ) beauty devices market
By type of device
By usage
By country - Saudi Arabia, U.A.E., South Africa, Israel, Oman, Kuwait, Qatar, Bahrain, and Rest of MEA
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Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Type Of Device
1.3.2 Market Segmentation By Usage
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Type Of Device
4.1.1.1 Hair Removal
4.1.1.2 Cleansing
4.1.1.3 Acne
4.1.1.4 Light/Led Therapy And Photorejuvenation
4.1.1.5 Oxygen And Steamer
4.1.1.6 Hair Growth
4.1.1.7 Dermal Rollers
4.1.1.8 Cellulite Reduction
4.1.1.9 Others
4.1.2 By Usage
4.1.2.1 Salon
4.1.2.2 Spa
4.1.2.3 At-Home
4.1.2.4 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Introduction Of New Products
4.2.1.2 Increasing Utilization Of Electronic Beauty Devices
4.2.1.3 Increasing Inclination Of Consumers Towards Easy To Use At-Home Beauty Devices
4.2.2 Drivers
4.2.2.1 Surge In Geriatric Population
4.2.2.2 Increasing Prevalence Of Skin Diseases
4.2.2.3 Rising Disposable Income
4.2.2.4 Growing Prevalence Of Hormonal Disorders
4.2.2.5 Increasing Appearance Consciousness And Awareness About Beauty Devices
4.2.2.6 Impact Analysis Of Drivers On Market Forecast
4.2.3 Restraints
4.2.3.1 Risks Associated With The Use Of Beauty Devices
4.2.3.2 Availability Of Traditional And Cheaper Beauty Products
4.2.3.3 High Cost Of Beauty Devices
4.2.3.4 Impact Analysis Of Restraints On Market Forecast
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Intensity Of Rivalry
4.3.4 Threat Of New Entrants
4.3.5 Threat Of Substitutes

Chapter 5. Global Market Size And Forecast
5.1 By Type Of Device
5.2 By Usage
5.3 By Region

Chapter 6. North America Market Size And Forecast
6.1 By Type Of Device
6.2 By Usage
6.3 By Country

Chapter 7. Europe Market Size And Forecast
7.1 By Type Of Device
7.2 By Usage
7.3 By Country

Chapter 8. APAC Market Size And Forecast
8.1 By Type Of Device
8.2 By Usage
8.3 By Country

Chapter 9. LATAM Market Size And Forecast
9.1 By Type Of Device
9.2 By Usage
9.3 By Country

Chapter 10. MEA Market Size And Forecast
10.1 By Type Of Device
10.2 By Usage
10.3 By Country

Chapter 11. Competitive Landscape
11.1 Product Benchmarking Of Key Players
11.2 Global Strategic Developments Of Key Players
11.2.1 Mergers And Acquisitions
11.2.2 Product Launches
11.2.3 Other Developments

Chapter 12. Company Profiles
12.1 Panasonic Corporation
12.1.1 Business Overview
12.1.2 Product And Service Offerings
12.1.3 Strategic Growth Plans
12.2 Lumenis Ltd.
12.2.1 Business Overview
12.2.2 Product And Service Offerings
12.3 Nu Skin Enterprises Inc.
12.3.1 Business Overview
12.3.2 Product And Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 Tria Beauty Inc.
12.4.1 Business Overview
12.4.2 Product And Service Offerings
12.5 Home Skinovations Ltd.
12.5.1 Business Overview
12.5.2 Product And Service Offerings
12.6 The Procter & Gamble Company
12.6.1 Business Overview
12.6.2 Product And Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Koninklijke Philips N.V.
12.7.1 Business Overview
12.7.2 Product And Service Offerings
12.7.3 Key Financial Summary
12.7.4 Strategic Growth Plans
12.8 Ya-Man Ltd.
12.8.1 Business Overview
12.8.2 Product And Service Offerings
12.9 Mtg Co. Ltd.
12.9.1 Business Overview
12.9.2 Product And Service Offerings
12.9.3 Strategic Growth Plans
12.10 Carol Cole Company
12.10.1 Business Overview
12.10.2 Product And Service Offerings
12.11 L’Oréal Sa
12.11.1 Business Overview
12.11.2 Product And Service Offerings
12.11.3 Key Financial Summary
12.11.4 Strategic Growth Plans
12.12 Syneron Medical Ltd.
12.12.1 Business Overview
12.12.2 Product And Service Offerings
12.12.3 Key Financial Summary
12.12.4 Strategic Growth Plans

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources And References
13.3 Related Reports
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