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Surgical, Face and Respiratory Mask Market Trends, Size Insight

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    With people becoming more conscious of their appearance and increasingly aware about beauty devices, the global beauty devices market reached $50,814.4 million in 2020. Further, driven by the booming population of the elderly, increasing prevalence of dermatological and hormonal diseases, and surging disposable income, the market value will likely reach $311,039.3 million by 2030, at a 20.6% CAGR between 2021 and 2030 (forecast period).

    The beauty devices market was badly hit by the COVID-19 pandemic, as the containment measures included movement restrictions and shutting down all non-essential manufacturing facilities, commercial centers, and even hospital departments. As a result, the production and sale of beauty devices reduced substantially, but only for a limited time. Since the lifting of the lockdowns and resumption of non-essential activities in many countries, the market has started recovering.

    The categories of the market under the type segment are hair removal, cleansing, LED therapy and photorejuvenation, acne treatment, hair growth, oxygen/facial, cellulite reduction, dermarolling, and others. Among these, the beauty devices market was dominated by the LED therapy and photorejuvenation category during 2015–2020 (historical period). Blemishes, pigmentation, sun-induced freckles, wrinkles, age spots, fine lines, and many other skin issues can be effectively treated with such devices.

    North America generated the highest revenue in the beauty devices market in 2020 on account of the high disposable income, rising geriatric population, surging appearance consciousness, escalating awareness on beauty devices, and strong digital marketing strategies of industry players.

    Earlier, in December 2019, the Amorepacific X TMIC Innovation Plant was set up by Amorepacific Corporation and its partner, Alibaba Group, to reach more customers.

    Major companies in the global beauty devices market are Panasonic Corporation, Nu Skin Enterprises Inc., Lumenis Ltd., TRIA Beauty Inc., Carol Cole Company Inc., Home Skinovations Ltd., L’Oréal SA, YA-MAN LTD., Candela Corporation, Koninklijke Philips N.V., and MTG Co. Ltd.

     

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