Beauty Devices Market Size, Share, Growth & Industry Analysis, By Product Type (Hair Care Devices, Skin Care Devices, Others), By Application (Salon, Spa, At Home), By Consumer Orientation (Men, Women), By Distribution Channel (Online, Offline) and Regional Analysis, 2024-2031

Beauty Devices Market Size

The global Beauty Devices Market size was valued at USD 48.29 billion in 2023 and is projected to reach USD 118.18 billion by 2031, growing at a CAGR of 12.05% from 2024 to 2031. In the scope of work, the report includes products offered by companies such as Koninklijke Philips N.V., Skinrex Co. Ltd., FOREO, NuFACE, Clarisonic, TRIA BEAUTY, Panasonic Corporation, Lumenis Be Ltd, Silkn, Photomedax Inc. and Others.

The market for beauty devices is a constantly changing and fast-paced industry encompassing a variety of technological products aimed at improving skincare, haircare, and overall beauty. From state-of-the-art facial cleansing brushes and hair removal devices to cutting-edge anti-aging tools and innovative hair styling gadgets, consumers have a wide range of options to choose from based on their individual requirements and preferences. As the demand for convenient and efficient solutions for at-home beauty treatments continues to rise, the industry is expected to grow and evolve further.

Furthermore, the beauty industry is witnessing a surge in the demand for customized beauty routines, resulting in the introduction of a wide range of innovative devices. These devices are designed to address specific skin concerns such as acne, signs of aging, and hair damage. As technology advances, the market for beauty devices is projected to experience significant growth, offering consumers a multitude of options to achieve their desired appearance.

Analyst’s Review

The beauty devices market is witnessing an increasing trend toward non-invasive beauty treatments. Beauty devices that offer non-surgical and non-intrusive solutions for skincare and haircare are increasingly gaining popularity among consumers who prefer less intrusive methods. These devices present a convenient and cost-effective alternative to traditional beauty procedures, allowing individuals to achieve their desired outcomes without the requirement for needles or incisions.

Additionally, non-invasive beauty treatments are often associated with shorter recovery periods and minimal discomfort, making them an appealing choice for individuals with busy schedules. Consequently, the market for these innovative beauty devices is expanding rapidly, with the development of new technologies to meet the growing demand.

Market Definition

Beauty devices encompass electronic gadgets that are exclusively formulated to enhance and enrich different facets of skincare. These devices integrate cutting-edge technologies and scientific principles to deliver precise treatments, optimize the absorption of products, and bolster overall skin well-being. By combining convenience, efficacy, and personalization, they revolutionize skincare routines. By catering to individual skin concerns such as acne or aging, these devices empower individuals to actively partake in their skincare journey. The luxury of professional-grade treatments, formerly limited to high-end spas and clinics, can now be enjoyed from the comfort of one's own home.

Additionally, with the advancement of technology, skincare devices have become increasingly popular and accessible in recent times. These devices offer a wide range of benefits, from deep cleansing and exfoliation to stimulating collagen production and reducing fine lines and wrinkles. They provide a convenient and cost-effective alternative to expensive spa treatments, allowing individuals to take control of their skincare routines and achieve professional-grade results at home. Moreover, the personalization aspect of these devices allows users to tailor their treatments to the individuals' specific skin concerns, thus making it easier to address issues such as acne, hyperpigmentation, or dullness.

Beauty Devices Market Dynamics

The beauty devices market is experiencing significant growth due to the increasing awareness of skincare and personal grooming among consumers. There is a high demand for convenient and effective solutions that can be used at home. A wide range of innovative products, including facial cleansing brushes and hair removal devices, are available to cater to different skincare and grooming needs. Due to advancements in technology, These beauty devices are becoming increasingly popular as they offer salon-like treatments and deliver precise and efficient results.

Safety concerns related to certain beauty devices, particularly those using advanced technologies or energy-based treatments, can impact consumer trust. Ensuring the safety of users is paramount to overcoming this challenge. Beauty device manufacturers must prioritize rigorous testing and compliance with industry standards to instill confidence in consumers. Implementing clear instructions for use, conducting thorough research and development, and providing comprehensive training to both users and professionals can further enhance safety measures. By demonstrating a commitment to user safety, manufacturers can regain consumer trust and establish themselves as reliable and responsible providers of beauty technology.

Segmentation Analysis

The global market is segmented based on product type, application, consumer orientation, distribution channel, and geography.

By Product Type

By product type, it is bifurcated into skin care devices, hair care devices & others. The hair care devices garnered a significant revenue share of 46.54% in 2023. This growth can be attributed to the increasing demand for hair care products and the rising awareness among consumers about the importance of maintaining healthy hair. Additionally, advancements in technology have led to the development of innovative hair care devices that offer various benefits such as hair straightening, curling, and deep conditioning. With these factors driving the beauty devices market, hair care devices are projected to continue to dominate the beauty devices segment in the coming years.

By Consumer Orientation

By consumer orientation, it is bifurcated into men & women. The men segment is expected to register a rapid growth rate of 12.39% over the forecast period. This growth is mainly driven by the increasing awareness among men regarding personal grooming and the rising demand for beauty devices specifically designed for men. Additionally, the growing influence of social media and the need to maintain a youthful appearance are contributing notably to the surge in the demand for beauty devices among men. With advancements in technology and a wider range of products available in the beauty devices market, the men's segment is poised to experience significant growth in the foreseeable future. 

By Distribution Channel

By distribution channel, it is bifurcated into online & offline. The online segment is expected to grow at a CAGR of 13.41% through the projected period. This growth is fueled by the increasing popularity of e-commerce platforms and the convenience of shopping for beauty devices online. Additionally, the online segment allows for a wider range of products and brands to be available to consumers, further driving its growth. With advancements in technology, online retailers can provide detailed product information, reviews, and customer support, enhancing the overall shopping experience for customers.

Beauty Devices Market Regional Analysis

Based on region, the global market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

The North America Beauty Devices Market share stood around 35.25% in 2023 in the global market, with a valuation of USD 17.02 billion. The increasing consumer demand for advanced beauty devices and the presence of major beauty devices market players in the region have fueled the growth of the market. Additionally, the growing awareness of beauty and personal care among the population and the rising disposable income are contributing to the regional market development. The North American market is projected to maintain its dominance through the forecast period.

Whereas, APAC is projected to experience a rapid growth rate of 14.49% over the forecast period. This growth is propelled by the rising middle-class population and the increasing adoption of beauty devices in countries such as China, Japan, and South Korea. Moreover, the booming e-commerce industry in the region is expected to drive domestic market growth in the near future as it provides a convenient platform for consumers to purchase beauty devices. With continuous advancements in technology and the introduction of innovative products, the market in APAC is expected to witness significant growth in the coming years.

Competitive Landscape

The beauty devices market report will provide valuable insight with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies such as partnerships, mergers and acquisitions, product innovations, and joint ventures to expand their product portfolio and increase their market shares across different regions.

List of Key Companies in Beauty Devices Market

• Koninklijke Philips N.V.
• Skinrex Co. Ltd.
• FOREO
• NuFACE
• Clarisonic
• TRIA BEAUTY
• Panasonic Corporation
• Lumenis Be Ltd
• Silkn
• Photomedax Inc.

Key Industry Developments

• November 2023 (Product Launch) - Foreo, a renowned Swedish brand specializing in skin technology, unveiled Peach 2, its latest innovation in home IPL technology. This cutting-edge device offers a painless and highly effective solution for achieving smooth and hair-free skin, all in the convenience of one's home.

• November 2023 (Product Launch)- Lumenis Be Ltd, a prominent company specializing in energy-based medical devices for aesthetic and eye care purposes, unveiled OptiPLUS. This groundbreaking device, the first of its kind, utilizes dual-frequency radiofrequency (RF) technology to generate heat within various layers of tissue, thereby enhancing blood circulation and facilitating improved medical outcomes and aesthetic enhancements.

The global Beauty Devices Market is segmented as:

By Product Type

• Hair Care Devices
• Skin Care Devices
• Others

By Application

• Salon
• Spa
• At Home

By Consumer Orientation

• Men
• Women

By Distribution Channel

• Online
• Offline

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • U.K.
  • Spain
  • Germany
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America.