Global Beauty Devices Market Size Analysis, 2018-2028
| REPORT ID: BKR661 | Domain: Health and Wellness | Published Date: November 2018 |
| Pages: 270 | Format:  |
Global Beauty Devices Market Size is estimated to be valued over USD 31 billion in 2018 with CAGR of 12.7% during the forecast period, 2018 – 2028. Consistent product innovation coupled with large scale spending on R&D and huge marketing budgets are key factors driving the overall sales of these devices worldwide.
Over the last few years, the industry has seen large number of mergers and acquisitions – resulting in consolidation of revenue by major beauty devices market players. Leading companies acquired small scale companies to their portfolio to ensure long term sustainability. Currently, the industry is concentrated with top six players accounting for over 76% of global share. In addition to mergers and acquisitions, industry players are expanding their downstream into distribution channel. Entering in white space is largely seen as key distribution level strategy.
Large number of beauty devices are available in the market including acne devices, LED therapy devices, hair removal devices, cleansing devices, cellulite reduction devices, hair growth devices, oxygen & steamer devices, and skin dermal rollers.
As a party of marketing strategy, few beauty device companies are offering skincare products together with beauty devices. Moreover, companies are also launching gender based beauty devices. As of 2018, women accounts for largest usage of these devices. The popularity for such devices is increasing among male consumers. As a result, industry players are either integrating the beauty device products or launching devices specific to male consumer demand. Philips, Foreo and Clarisonic have launched products specific to male needs.
Global Beauty Devices Market Size Analysis, By Product Type
By product type, hair removal devices will account for major share. It is estimated to account for over 19% in 2018 – followed by cleansing devices and acne devices. Collectively, these three will account for 51% of global beauty devices market share in 2018. Increase in consumer spending along with rise in derma-related issues ranging from skin photoaging to that of hair loss will drive the overall sales. Portable and handy devices will gain higher traction. As a result, companies are emphasizing on light and compact devices to suit the consumer preference.
Next, light therapy beauty devices market is gaining highest traction. The segment has registered 2.1X growth between 2010 and 2017. Currently, it is highly concentrated with Philips accounting for majority of the market share. Various companies are launching the product in this segment to generate high ROI. Recently, in 2017, Neutrogena – in an effort to strengthen its market presence – launched Light Therapy Acne Mask priced in U.S. Several such developments is expected to take place by companies during the forecast period.
Global Beauty Devices Market Size Analysis, By End-use
Beauty devices sales trend has changed a lot in last few years. Sales of these devices has peaked in at-home application. As per the estimates, over 75% of females will be using these devices for home purpose. Many types of at-home devices have been launched in Europe and America in recent years. These at-home use beauty devices manufacturers are actively working on setting up direct sales presence to reach maximum consumer base. Several of these players have entered in agreement with consumer good marketers in Europe and America.
Sales of devices in salons has also increased especially in developing regions. Changing consumer perception and rise in per capita income has led to people flocking to spa and salons for facial rejuvenation and treatment. There has been rise in geriatrics population – that further creates favorable environment for industry players. Hair growth, massage and anti-aging treatment is common in these targeted population. Thousands of physicians across world are catering to baby boomers and the numbers are expected to escalate further in next ten years. As a matter of the fact, anti-aging market was valued at US$ 150 billion in 2017 which will cross US$ 230 billion by 2025. Salon beauty devices market share is expected to increase by 150 basis points between 2018 and 2028.
Global Beauty Devices Market Size and Forecast Analysis: North America to dominate global sales
Globally, North America beauty devices market dominated the global sales in 2017 – driven by significant number of aging population, high per capita income and good distribution network. The region is bestowed with large number of beauty devices companies having its operations worldwide. Major innovation and product development took place in the region. At the same time, North America is characterized by hyper-competitive environment. As such, companies are investing in niche ventures to expand consumer base ensure higher return on investment (ROI). Also, majority of the operational companies are channelizing e-commerce platform to increase direct sales presence in the region.
Asia Pacific is also registering impressive growth with major beauty device sales witnessed in Japan and China. Majority of the sales was noticed in metropolitan cities. Higher disposable income and high concern related to aesthetic looks has created favorable business environment for beauty devices market in metropolitan cities. As per the estimates, home based beauty devices will register fastest growth in China and Japan.
Global Beauty Devices Market Size and Forecast: Competition Landscape
Some key global Beauty Devices market players are
- L’Oreal SA
- Panasonic Corporation
- Home SKinovations Ltd
- Photomedax Inc.
- TRIA Beauty, Inc.
- Carol Cole Company
- Lumenis Ltd.
- The Proctor & Gamble Company
- Syneron Medical
- Koninklijke Philips N.V.
- FOREO
- Clarisonic
- Ya-man
- Hitachi
Beauty Devices Market Industry Segmentation
By Product Type:
- Hair Removal Devices
- Cleansing Devices
- Acne Devices
- Oxygen and Steamer Devices
- LED Therapy Devices
- Hair Growth Devices
- Cellulite Reduction Devices
- Skin Dermal Rollers
- Other Beauty Devices
By End-use:
- At-Home Usage
- Salons
- Spas
- Dermatology Centers
- Others
What Will You Discover in the Report?
- An in-depth analysis of the Beauty Devices market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Beauty Devices market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Beauty Devices market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Beauty Devices industry during the forecast period
- Who are the Beauty Devices industry leaders and what are the key initiatives taken by them for long term growth
Analyst access with Bekryl Market Analysts
Purchasing of Beauty Devices market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Beauty Devices Market Overview
- Executive Summary
- Overview (360 Perspective)
- Report Scope
- Definitions
- Research Methodology
- Bekryl Proprietary Model
- List of Secondary Sources
- Primary Research Overview
- Abbreviations
- Beauty Devices Market Overview
- Market Outlook and Forecast
- Growth Forecast Analysis Scenario
- Beauty and Cosmetics Market (Parent Market)
- Beauty Products Spending Analysis, By Selected Countries
- Introduction
- Consumer Sentiment Analysis
- Value Chain Analysis
- R&D Spending Analysis
- Global Beauty Devices Market Overview
- Market Outlook and Forecast
- Leading Industry Players
- Beauty Devices Market Dynamics
- Market Drivers
- Demand Side Drivers
- Supply Side Drivers
- Macroeconomic Drivers
- Market Restraints
- Trends
- Multifunctional Beauty Devices is Gaining Market Traction
- Hair Appliances facing Stiff Competition
- Emergence of New Entrants and Regional Players in China
- Social Media Reviews Emerging as a Powerful Tool for Brand Recognition
- Opportunities
- Male Beauty Products to drive Beauty Device Sales
- Increased Urbanization in South East Asia to Help Companies Drive Sales
- Emergence of Smart Technologies to Help Drive Sales Revenue
- Online Sales Channel to be Driving Force
- Opportunity by Age Demographics
- Hispanics Population
- By Age Variation
- Manufacturing Outlook
- Marketed Details
- Porters Analysis
- PESTLE Analysis
- Market Investment Proposition
- Key Developments and Mergers and Acquisitions
- Market Drivers
- Beauty Devices Pricing Analysis
- Pricing Forecast, Across Regions
- Pricing Trends
- Impact of Long Replacement Cycle
- Beauty Devices Market, By Product Type
- Introduction and Key Trends
- Market Share Analysis, 2017 and 2028 (%)
- Hair Removal Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Cleansing Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Acne Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Oxygen and Steamer Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- LED Therapy Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Cellulite Reduction Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Skin Dermal Rollers
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Other Beauty Devices
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Market Attractiveness Analysis
- Beauty Devices Market, By End-use
- Introduction and Key Trends
- Market Share Analysis, 2017 and 2028 (%)
- At-Home Usage
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Salons
- Market Value Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Spas
- Market Value Forecast, 2017-2028, (US$ Mn)
- Unit Sales Forecast (Mn Unit)
- Y-o-Y Growth Analysis (%)
- Dermatology Centers
- Market Value and Unit Forecast, 2017-2028, (US$ Mn)
- Successive Revenue Opportunity Analysis (US$ Mn)
- Total Unit Sales and Forecast (Units)
- Y-o-Y Growth Analysis (%)
- Others
- Market Value and Unit Forecast, 2017-2028, (US$ Mn)
- Y-o-Y Growth Analysis (%)
- Market Attractiveness Analysis
- Beauty Devices Market, By Region
- Introduction
- Regional Trends
- Regional Market Share Analysis, 2017 and 2028 (%)
- Industry Value Proposition Analysis
- Comparative Ranking Analysis, By Segments
- Key Developments
- North America Beauty Devices Market Size
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- S. Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Canada Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- S. Beauty Devices Market Value
- Western Europe Beauty Devices Market Size
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- Germany Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- France Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- UK Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Netherlands Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Spain Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- BENELUX Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Italy Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- NORDIC Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Germany Beauty Devices Market Value
- Central and Eastern Europe (CEE) Beauty Devices Market Size
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- Russia Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Poland Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Ukraine Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Turkey Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Russia Beauty Devices Market Value
- Asia Pacific
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- China Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Japan Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- India Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- South Korea Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Australia Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- ASEAN Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Rest of Asia Pacific Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- China Beauty Devices Market Value
- Latin America Beauty Devices Market Size
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- Brazil Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Argentina Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Chile Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Mexico Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Uruguay Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Rest of Latin Ameica Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Brazil Beauty Devices Market Value
- Middle East
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- GCC Animation Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Israel Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Iran Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Rest of Middle East Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- GCC Animation Market Value
- Africa Beauty Devices Market Size
- Introduction
- Key Trends
- Successive Revenue Opportunity Analysis
- Revenue Analysis (US$ Million), By Product Type
- Revenue Analysis (US$ Million), By End-use
- Revenue Analysis (US$ Million), By Country
- North Africa Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- Central Africa Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- South Africa Beauty Devices Market Value
- Introduction
- Key Trends
- Revenue Analysis(US$ Million), 2018-2028
- Growth Rate Analysis (%), 2018-2028
- North Africa Beauty Devices Market Value
- Company Landscape
- Competition Dashboard
- Company Market Positioning, 2018
- Key Distributors, By Regional Presence
- Distribution Channel Matrix
- Company Profiles
- L’Oreal SA
- Overview
- Key Developments
- Business Strategy
- Product Level
- Go-to-Market
- Regional Level
- SWOT Analysis
- Regional Presence
- Panasonic Corporation
- Home SKinovations Ltd
- Photomedax Inc.
- TRIA Beauty, Inc.
- Carol Cole Company
- Lumenis Ltd.
- The Proctor & Gamble Company
- Syneron Medical
- Koninklijke Philips N.V.
- FOREO
- Clarisonic
- Ya-man
- Hitachi
- L’Oreal SA
(Key Pointers Covered for all other companies)
Beauty Devices Market Research Methodology
Global beauty devices market is registering double digit growth, with Asia Pacific becoming lucrative destination for major players. Companies are launching various products to meet gender specific needs. Increase in disposable income, rising urbanization and economic product availability will drive the global sales. This 3 month long duration conducted report offers key strategic insights on market trends, drivers, factors impacting the growth and net market opportunity.
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Beauty Devices Market Growth Forecasting Methodology
In order to prepare historical data and analyze Beauty Devices market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Beauty Devices market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Beauty Devices market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, patients turnaround, spending patterns, healthcare amenities, and GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on these factors across targeted countries. Under this, co-relation is analyzed between product and the said parameters– resulting in a constant Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Beauty Devices industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides Market Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Beauty Devices Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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