Home » Home-Use Beauty Devices Market Becoming Popular for Acne and Photo-Aging

Home-Use Beauty Devices Market Becoming Popular for Acne and Photo-Aging

Home-Use Beauty Devices Market Demand

by PramodKmr
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Home-Use Beauty Devices Market

Home-Use Beauty Devices Market Overview

The booming geriatric population is also expected to accelerate the home-use beauty devices market at a CAGR of 20.4% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $6,457.4 million in 2019 and it is projected to reach $45,956.3 million revenue by 2030. Old people across the world are increasingly using anti-aging devices to revitalize and tighten skin, owing to the surging need to look younger. According to the World Ageing Population 2020 report, the population of people aged 65 years or above will exceed1.5 billion by 2050.

The rising prevalence of skin diseases, such as photo aging, owing to excessive exposure to ultraviolet (UV) radiation and pollution, will augment the need for home-use beauty devices in the forthcoming years. Massive exposure to UV rays and pollution results in reduced skin elasticity, sunburns, and hair loss, which can be treated by using beauty devices. Additionally, the increasing incidence of acne and melasma will also boost the adoption of home-use beauty devices in the foreseeable future.

Home-Use Beauty Devices Market Key Company

Companies such as Spectrum Brands Holdings Inc., Home Skinovations Ltd., L’Oréal SA, FOREO AB, Carol Cole Company Inc., Cyden Ltd., Koninklijke Philips N.V., Beauty Bioscience Inc., and Candela Corporation produce laser/light, nano-iconic, vibrations, radiofrequency energy, electroporation, and microneedling-based home-use beauty devices for their customers. These manufacturers engage in geographical expansion, product launches, and partnerships to cater to a vast customer base. For instance, in March 2020, the “Sulwhasoo” brand of Amorepacific Corporation amplified its presence in North America by launching its products at the Sephora stores in the major cities of the U.S. and on sephora.com.

The indication segment of the home-use beauty devices market is classified into cleansing, dermarolling, hair growth, hair removal, cellulite reduction, acne treatment, oxygen/facial streaming, skin rejuvenation/anti-aging, and others. Among these, the skin rejuvenation/anti-aging category is expected to exhibit the fastest growth throughout the forecast period, due to the growing use of home-use beauty devices for treating wrinkles, pigmentation, blemishes, age spots, sun-induced freckles, and fine lines. Besides, the zero-downtime offered by these devices after treatment will also facilitate the growth of this category in the upcoming years.

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Home-Use Beauty Devices Market Regional Analysis

Globally, North America adopted the highest quantity of home-use beauty devices in the preceding years, due to the high disposable income of people and massive focus of the populace on physical appearance. Moreover, the escalating prevalence of skin conditions such as acne will also encourage people to adopt home-use beauty devices in abundance. Of the North American nations, the U.S. adopted a larger number of home-use beauty devices due to the high prevalence of acne in the country. The American Academy of Dermatology (AAD) states that acne affects up to 50 million Americans annually.

Whereas, the Asia-Pacific (APAC) home-use beauty devices market is expected to demonstrate the fastest growth during the forecast period. This can be attributed to the soaring incidence of skin ailments, mounting disposable income of people, burgeoning aging population, soaring awareness about beauty devices, and rising appearance consciousness of people in the region. Moreover, the accelerating urbanization rate will also contribute to the market growth in the region in the forthcoming years. Additionally, the presence of beauty devices manufacturing companies in China, South Korea, and Japan will also facilitate the market growth in the region in the upcoming years.

Thus, the mounting cases of skin diseases and burgeoning geriatric population will accelerate the adoption of home-use beauty devices in the foreseeable future.

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