Global Beauty Devices Market Is Estimated To Witness Growth Due Increasing Geriatric Population And Rising Incidences Of Hormonal Disorder

Beauty Devices Market

Overview:

A microcurrent device uses gentle pulses of electricity to stimulate the facial cells and muscles, for a tighter and firmer look. The pulsations of these tools can help boost the absorption of moisturizers, and they can also smooth the skin and reduce the appearance of fine lines and wrinkles. A dermaplaning tool removes peach fuzz and dead skin to prep the skin for increased penetration of active ingredients. This home option is safe and easy to use, and it doesn’t hurt to do a few sessions over the course of a few weeks. A moisture meter is the foundation of any at-home skincare routine. It can help determine if the skin is dehydrated and needs hydration-boosting ingredients. It also helps in avoiding overusing products that are too harsh for the skin type, which can lead to premature aging and other problems.

Market Dynamics:

Growing acquisitions are estimated to augment growth of the global Beauty Devices Market over the forecast period. For instance, a hair removal services brand Laser MD Medspa, was acquired by Potomac Equity Partners in July 2020. This acquisition will increase Laser MD Medspa's growth and also increase their brand recognition. Moreover, increasing side effects of beauty devices is anticipated to restrain growth of the global beauty devices market over the forecast period.

Global Beauty Devices Market was valued at US$ 120.00 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.80 % during the forecast period (2022 to 2030).

Impact of COVID-19:

The pandemic was first reported in 2019 and in 2020 it was transmitted to almost 100 countries globally. COVID-19 had a significant impact on the beauty devices market. Owing to lockdowns in many regions supply chains were disrupted in many regions. The supply chains for beauty products was also affected due to these strict restriction in many countries. Another factor that affected the beauty devices market was halting of production activities by manufacturers due to lockdowns. This hampered the growth of the global Beauty Devices Market globally. However, in the post-pandemic era, the market is estimated to witness robust growth.

Key Takeaways:

The global beauty devices market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing product launches. For instance, ageLOC boost device was introduced by Nu Skin Enterprises Inc., in January 2021. This device employs variable pulse technology and microcurrent waveforms for producing brighter, plumper, and bouncky skin.

Asia-Pacific is anticipated to witness significant growth in the global Beauty Devices Market over the forecast period, owing to growing patient population and increasing healthcare technology.

Major players operating in the global beauty devices market are Bausch Health Companies Inc., Nu Skin, TRIA BEAUTY, Termosalud, Silkn, Tech4Beauty, Procter & Gamble, Panasonic Corporation, CANDELA CORPORATION, FOREO, Cynosure, Fotona, Merz North America, Inc., Bausch Health Companies Inc., Sciton, Inc., Curallux LLC., NuFACE, Alma Lasers, and Merz North America, Inc.