Beauty Devices Market Size | Share and Trends 2024 to 2034

Beauty Devices Market Size and Growth 2024 to 2034

The global beauty devices market size accounted for USD 65.83 billion in 2024 and is expected to reach around USD 337.44 billion by 2034, expanding at a CAGR of 17.8% from 2024 to 2034. The North America beauty devices market size reached USD 22.84 billion in 2023.

Beauty Devices Market Key Takeaways

• In 2023, North America accounted for a revenue share of over 41%.
•  By application, the salon segment has accounted for a revenue share of 56% in 2023.
•  By type, the hair removal device segment has held a 21% revenue share in 2023.
• The LED therapy and photorejuvenation segment is growing at a CAGR of 21.2% over the forecast period.

AI in the Market

Artificial intelligence is the ultimate disruptive force in the beauty devices market by amplifying product performance, customer satisfaction, and product innovation. AI skin analysis detects issues such as dryness, dark spots, and wrinkles to create personalized treatment plans. Smart devices are layered with sensors and algorithms for providing real-time feedback, whereas virtual try-ons and augmented reality let the consumer be sure about the purchase. Furthering product development, AI can analyze consumer behavior and trends to speed up the development life cycle. Predictive analytics enable supply chains to be more efficient in both waste minimization and maximizing product availability. Thus, this marriage of high-end technology with consumer requirements is spawning competitive differentiation in the beauty devices market.

U.S. Beauty Devices Market Size and Growth 2024 to 2034

The U.S. beauty devices market size was estimated at USD 16.02 billion in 2023 and is predicted to be worth around USD 99.11 billion by 2034, at a CAGR of 18% from 2024 to 2034.

Based on region, North America hit the largest revenue share in 2023 and is projected to sustain its dominance during the forecast period. North America has higher adoption rate of technologically advanced and innovative solutions and devices. The increased consumer awareness regarding the availability of various beauty devices and skin treatments has propelled the growth of the market in the region in the past. Further, rising geriatric population in U.S. is a major factor that boosts the demand for the beauty devices. New product launches and various developmental strategies adopted by the regional market players are significantly driving the growth of the beauty devices in the market.

On the other hand, the Asia Pacific is estimated to be the fastest growing region during the forecast period. This is due to the rising disposable income of the consumers, higher youth population in the region, rising awareness regarding the beauty devices, rising number of spas and salons, and improved living standards. The Asia Pacific provides a lucrative growth opportunities to the market players owing to the presence of huge population, rising urban population, and rising awareness regarding personal hygiene among the consumers. Therefore, this region is expected to grow at a rapid rate during the forecast period.

Beauty Devices Market Growth Factors

• With those tremendous aesthetic priorities, especially among young circles, adoption of beauty devices has really become one of the major trends.
• The increasing presence of skin disorders like acne, pigmentation, and aging concerns triggers the demand for advanced solutions.
• Development of salons, spas, and professional treatment centers is cited as another positive factor contributing to the targeted market by providing better accessibility to all service providers.
• Now, the age of social media and digital marketing services exercises a great effect on consumer preferences and raises new awareness for the respective solutions.
• Increased disposable income and better lifestyle have been some of the factors driving consumers to purchase personal care and home beauty devices.

Market Scope

Value Cain Analysis

• Product Conceptualization and Design: It deals with market needs and developing the initial idea, features, and aesthetics of the beauty device, often pursuing more detailed design specifications through CAD software. 

Key Players: Koninklijke Philips N.V., L'Oréal Group

• Raw Material Procurement: With a rather vague list, this phase entails choosing suppliers and purchasing components and materials, such as plastic, metals, electronic components, and packaging materials needed for the manufacture of the beauty device.

Key Players: BASF, Clariant, Dow Chemical Company, Evonik

• Manufacturing and Assembly: This is the stage of processing actual production, fabrication of components, assembly of the beauty device, finishing with a quality check to confirm that it really works and that it adheres to specifications.

Key Players: Koninklijke Philips N.V., L'Oréal Group, Panasonic Corporation, Home Skinovations, Ltd. 

• Branding and Packaging: This stage includes establishing a brand identity for the beauty device, creating packaging for the beauty device that is attractive and protects the product, and ensuring that all necessary labels and instructions are present.

Key Players: Albéa Group, AptarGroup,HCP Packaging

• Retail Distribution (Online/Offline):-This stage covers the logistics from the manufacturer all the way to the customer through the different channels such as e-commerce, brick-and-mortar stores, or specialty beauty outlets. 

Key Players: Nykaa, Tata Cliq Palette, Amazon, and Tmall

Type Insights

Based on type, the hair removal devices segment dominated the global beauty devices market in 2023, in terms of revenue and is estimated to sustain its dominance during the forecast period. This is attributed to the extensive use of hair removal devices across the globe. Hair removal is the most common issues among the young population especially among the women. Therefore, increased use of hair removal devices has fostered the segment growth in the past years.

On the other hand, the rejuvenation devices segment is estimated to be the most opportunistic segment during the forecast period. This is attributable to the rising adoption of the photo-rejuvenation therapy among the consumers. This therapy is effective in the treatment of hyperpigmentation and skin redness. It stimulates the production of collagen and provides a radiant skin. Therefore, rising awareness regarding rejuvenation devices is expected to foster the growth of this segment.

Application Insights

Based on application, the salon segment accounted largest revenue share in 2023 and is projected to witness steady during the forecast period. The rising penetration of salon in the developed and developing regions has fueled the growth of this segment. The growing needs for removal of among the women is significantly boosting the growth of the salon segment in the beauty devices market.

On the other hand, the home segment is expected to be the fastest-growing segment during the forecast period. With the rising awareness and availability of beauty devices for the consumers as a home appliance is a new and trending topic in the market. The market players are offering beauty devices for at-home use that will spur competition in the global beauty devices market across the globe.

Beauty Devices Market Companies

• Panasonic Corporation
• YA-MAN Ltd.
• MTG Co. Ltd.
• TRIA Beauty, Inc.
• L’Oreal S A
• Lumenis Ltd.
• Home Skinovations Ltd.
• Nu Skin Enterprises
• Carol Cole Company Inc.
• Koninklijke Philips N.V.
• LightStim
• Conair Corporation
• Candela Corporation
• Spectrum Brands Holdings Inc.
• Capillus LLC.

Segments Covered in the Report

By Type

• Acne Devices
• Hair Removal Devices
• Hair Growth Devices
• Cleansing Devices
• Rejuvenation Devices
• Oxygen & Steamer Devices
• Others

By Application

• Salon
• Spa
• Home
• Others

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World