PUBLISHER: The Business Research Company | PRODUCT CODE: 1526985
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526985
Home beauty devices are electronic tools crafted for personal care and beauty regimens, tailored for safe and efficient usage by consumers in their residences. These devices offer convenience and cost-effectiveness, empowering users to attain professional-grade skincare treatments within the confines of their homes.
The primary categories of home beauty devices encompass hair removal, cleansing, acne treatment, light-emitting diode (LED) therapy, photo rejuvenation, oxygen or facial steaming, hair growth, and other applications. Hair removal denotes the elimination of unwanted hair from the body, employing diverse methods such as shaving, waxing, laser therapy, or depilatory creams. Technologies integrated within these devices include laser or light systems, vibration mechanisms, radio frequency energy, nano-iconic elements, micro-needling, and electroporation. These devices find utility across beauty salons, specialty stores, online platforms, and various other channels.
The home-use beauty devices market research report is one of a series of new reports from The Business Research Company that provides home-use beauty devices market statistics, including the home-use beauty devices industry global market size, regional shares, competitors with the home-use beauty devices market share, detailed home-use beauty devices market segments, market trends, and opportunities, and any further data you may need to thrive in the home-use beauty devices industry. These home-use beauty devices market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The home-use beauty devices market size has grown exponentially in recent years. It will grow from $16.11 billion in 2023 to $20.78 billion in 2024 at a compound annual growth rate (CAGR) of 29.0%. The increase during the historical period can be ascribed to several factors including an aging population, the influence of marketing and media, enhancements in safety and effectiveness, greater availability and accessibility, and a heightened emphasis on personal wellness and self-care.
The home-use beauty devices market size is expected to see exponential growth in the next few years. It will grow to $57.73 billion in 2028 at a compound annual growth rate (CAGR) of 29.1%. The anticipated growth in the forecast period can be linked to factors such as the rise in disposable incomes in emerging markets, the expansion of the male grooming market, the shift towards eco-conscious consumer behavior, and the surge in e-commerce. Key trends expected in the forecast period encompass a boost in online sales and digital marketing, a focus on personalization and customization, a preference for eco-friendly and sustainable products, expansion opportunities in emerging markets, and an increased adoption of smart devices.
The growing incidence of skin problems is anticipated to drive the expansion of the home-use beauty device market in the future. Skin problems encompass various conditions that affect the appearance, texture, or function of the skin, often resulting in discomfort or health issues. Factors such as increasing environmental pollution, changes in lifestyle, genetic predispositions, dietary habits, and elevated stress levels contribute to the rising prevalence of skin problems. Home-use beauty devices can play a beneficial role in managing certain skin issues when integrated into a comprehensive skincare regimen. For example, according to the UK Health Security Agency (UKHSA) in September 2022, the percentage of Methicillin-resistant Staphylococcus aureus (MRSA) cases caused by skin and soft tissue infections rose to 33.7% in 2022 from the previous year, with a further increase of 25.7% in MRSA cases during the financial year from April 2020 to March 2021. Consequently, the growing prevalence of skin problems is a driving force behind the expansion of the home-use beauty device market.
Leading companies in the home-use beauty device market are concentrating on the development of devices utilizing advanced technologies, such as intense pulsed light (IPL) technology, to provide painless and efficient solutions for silky-smooth hair removal and gain a competitive advantage in the market. IPL technology utilizes broad-spectrum light to address various skin concerns, including hair removal and skin rejuvenation. For instance, in November 2023, Foreo AB., a Sweden-based company specializing in cosmetics and beauty products, introduced the Peach 2, a device featuring advanced IPL technology and an ergonomic design for precise and effective hair removal, ensuring smooth and radiant skin. Its SmartSensor functionality guarantees safe and personalized treatments tailored to individual skin tones.
In April 2024, IBeauty Brands Inc., a US-based company renowned for its high-performance hair styling tools and products, acquired Voloom, a company specializing in home hair care and styling products, for an undisclosed amount. This strategic acquisition aimed to bolster IBeauty Brands Inc.'s product portfolio and market presence while providing access to innovative hair styling technology.
Major companies operating in the home-use beauty devices market are The Procter & Gamble Company, Panasonic Corporation, Xiaomi Corporation, L'Oreal S.A., YA-MAN Co LTD., Koninklijke Philips N.V., Spectrum Brands Holdings Inc., Amorepacific Corporation, Conair Corporation, MTG Co. Ltd., Dr. Dennis Gross Skincare LLC, Cyden Limited, NuFACE LLC, FOREO AB, Photomedex Inc., Silkn beauty Ltd., TRIA Beauty Inc., Lifetrons Switzerland AG, Beauty Bioscience Inc., Project E Beauty, Luke Lady, Shenzhen Mismon Technology Co. Ltd., LightStim, Shenzhen Rhafine Technology Co. Ltd., Pollogen Ltd.
North America was the largest region in the home-use beauty devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home-use beauty devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the home-use beauty devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The home-use beauty devices market consists of sales of facial massagers, facial cleansing brushes, microcurrent devices, anti-aging and wrinkle treatment devices, and ultrasonic devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Home-Use Beauty Devices Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on home-use beauty devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for home-use beauty devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The home-use beauty devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.