As stated in our extensive report; providing insights on Key Drivers, Key Restraints, Segments (i.e., by Type, Application, Portability, Mode of Operation, Gender, and End users); the Global Beauty Devices Market accounted for USD 51.3 Billion in the year 2021.
Beauty devices are typically used to improve skin appearance. Beauty devices regulated by the Food and Drug Administration (FDA) rely upon their meant use and whether they affect the structure or characteristics of the body. Beauty devices are commonly utilized by people for beauty motives or personal health. The increasing number of consumers across the globe using these devices for reducing their acne or psoriasis is expected to augment the growth of the market in the years to come. Most people additionally invest in beauty devices to eliminate extra hair on their bodies. In addition, there was a boom in the variety of humans buying beauty devices that assist with decreasing signs of aging like wrinkles and sagging skin.
During the COVID-19 pandemic, lockdowns, and partial manufacturing unit closures negatively impacted production centers throughout the globe. As COVID-19 keeps unfolding across the world, agencies have taken drastic steps, like the plant closures, to include unfold of the contamination and make sure employees’ safety. Hence, because of the pandemic, the delivery of beauty devices witnessed a decline in the brief term, main to a bad effect on the market increase rate.
The essential elements behind the increase of the market are the growing appearance consciousness, surging focus approximately beauty devices, growing occurrence of skin diseases, developing geriatric population, growing disposable income, and developing occurrence of hormonal disorders. The overall beauty devices market is ruled via way of means of the hair removal device segment. The development and launch of numerous innovative laser hair elimination devices also assist the increase of the market.
North Americaheld the largest share in the Beauty Devices Market and is expected to continue this trend in the forecast period. This is owing to the early adoption of technologically advanced and innovative solutions in the region.
Some of the key players in the Global Beauty Devices Market include- Nu Skin (US), Candela Corporation (US), Silkn (US), Tria Beauty (US), Curallux LLC. (US), Termosalud (Spain), Foreo (Sweden), Tech4beauty (Germany), Koninklijke Philips N.V. (Netherlands), Conair Corporation (US), Lumenis (Israel), Cynosure (US), Sciton Inc. (US), Fotona (Slovenia), Procter & Gamble (US), Colgate-Palmolive Company (US), Lutronic (South Korea), Strata Skin Sciences (US), Nuface (US), Spectrum Brands Inc. (US), Cutera (US), Merz North America Inc. (US), El. En. S.P.A. (Italy), Ya-Man Ltd. (Japan), Panasonic Corporation (Japan), Alma Lasers (Israel), Bausch Health Companies Inc. (Canada) and others.