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Beauty Devices Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Beauty Devices Market Report
Market Size & CAGR of Beauty Devices Market
The global beauty devices market is expected to have a growth rate of 5.8% CAGR from 2021 to 2028. The market is anticipated to reach a value of USD 15.6 billion by 2028.
COVID-19 Impact on Beauty Devices Market
The beauty devices market experienced a significant impact due to the COVID-19 pandemic. With the closure of salons and spas during lockdowns, consumers shifted to at-home beauty devices, leading to a surge in sales.
Beauty Devices Dynamics
The beauty devices market is driven by technological advancements, increasing awareness about personal grooming, and the growing trend of DIY beauty treatments. Consumers are seeking convenience and efficiency in their beauty routines, contributing to the market's growth.
Segments and Related Analysis
The beauty devices market can be segmented into hair removal devices, cleansing devices, acne treatment devices, anti-aging devices, and others. Hair removal devices held the largest market share in 2021, followed by anti-aging devices.
By Region Analysis
North America dominated the beauty devices market in 2021, driven by a strong presence of key market players and a high demand for advanced beauty technologies. Europe and Asia Pacific are also significant regions in the market.
Key Market Players and Competitive Landscape
Leading companies in the beauty devices market include L'Oreal, Nu Skin Enterprises, Panasonic Corporation, TRIA Beauty, and Koninklijke Philips N.V. The market is highly competitive, with companies focusing on innovation and product development.
Recent Happenings in Beauty Devices Market
Recent developments in the beauty devices market include the launch of advanced skincare devices with IoT capabilities, collaborations between beauty brands and tech companies, and the introduction of smart beauty tools for personalized skincare routines.
