Worldwide Industry for Home-use Beauty Devices to 2030 – Industry Analysis and Growth Forecast – ResearchAndMarkets.com – Press Release

DUBLIN–(Business Wire)–The “Home-Use Beauty Device Market Research Report: By Technology, Indication – Global Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

As per this report the global home-use beauty devices market is predicted to reach a value of $45,956.3 million by 2030, advancing at a 20.4% CAGR during the forecast period (2020-2030). The market is growing due to the rising prevalence of skin diseases, surging geriatric population, increasing disposable income, growing hormonal disorders, and rising awareness regarding beauty devices.

In terms of technology, the home-use beauty devices market is divided into vibrational, laser/light, radiofrequency (RF) energy, microneedling, nano-iconic, and electroporation, among which, the laser/light division is expected to hold the largest share of the market in the near future. This is due to the increasing utilization of light-based home-use beauty devices around the world for a number of applications. These devices further have several benefits, such as high convenience. Laser can further shrink swelling and redness associated with some skin conditions without harming other skin areas.

On the basis of indication, the market is classified into hair removal, acne treatment, cleansing, skin rejuvenation/anti-aging, hair growth, oxygen/facial steaming, cellulite reduction, dermarolling, and others. Out of these, the skin rejuvenation/anti-aging classification is projected to grow at the fastest pace in the coming years, as home-use beauty devices are widely being utilized for treating several skin conditions, including sun-induced freckles, wrinkles, pigmentation, fine lines, age spots, and blemishes. As these devices have no-side effects and no risk of burning, their demand is increasing across the globe.

The companies operating in the home-use beauty devices market are engaging in partnerships and growing their geographic reach for improving their presence in the domain. For example, ‘Amorepacific X TMIC Innovation Plant’, was established by Amorepacific Corporation in partnership with Alibaba Group, in December 2019. The aim of this move to increase the customer reach for the former company.

Market Dynamics

Trends

  • Introduction of new products
  • Rising inclination for improved appearance

Drivers

  • Surging geriatric population
  • Increasing prevalence of skin problems
  • Rising disposable income
  • Growing prevalence of hormonal disorders
  • Increasing awareness about beauty devices
  • Impact analysis of drivers on market forecast

Restraints

  • Risks associated with the use of beauty devices
  • Impact analysis of restraints on market forecast

Opportunities

  • Emerging economies are key opportunities area for market players

Companies Mentioned

  • Panasonic Corporation
  • Nu Skin Enterprises Inc.
  • TRIA Beauty Inc.
  • Home Skinovations Ltd.
  • Carol Cole Company Inc.
  • L’Oreal SA
  • Candela Corporation
  • YA-MAN LTD.
  • MTG Co. Ltd.
  • Koninklijke Philips N.V.
  • LightStim
  • Spectrum Brands Holdings Inc.
  • Conair Corporation
  • Amorepacific Corporation
  • Project E Beauty
  • Dr. Dennis Gross Skincare LLC
  • Beauty Bioscience Inc.
  • FOREO AB
  • Cyden Limited
  • The Procter & Gamble Company

For more information about this report visit https://www.researchandmarkets.com/r/e24ppq

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

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