Home-Use Beauty Devices Market Will Reach a Value of USD 89,535.1 Million By 2030

The Home-Use Beauty Devices Market is experiencing growth and is projected to hit USD 89,535.1 million by 2030, according to a research report by a market research company P&S Intelligence.

The market is boosted by the increasing awareness regarding appearance, rising frequency of skin diseases, growing elderly populace, and snowballing awareness of beauty devices.

Based on technology, the laser/light category had the largest market share in the past. The high acceptance of laser technology is mainly because of its capability to reduce the redness and irritation related to skin conditions, including rosacea and acne by aiming specific parts of the skin, while not impacting other areas.

The introduction of new and advanced beauty items in the past few years has altered the scenario of the home-use beauty devices industry by enabling the public to cure skin illnesses, advance skin texture, and reduces the signs of aging. Beauty product businesses are constantly emerging with better and more innovative products in response to the customer demand for cutting-edge skincare and haircare solutions.

The rising elderly populace plays a vital role in the development of the home-use beauty devices market. In the skin layers, aging causes the damage of fibrous tissues and a decreased glandular and vascular network, which causes dryness, wrinkles, pigmentary changes, and skin sagging. Anti-aging products, which support rejuvenating and tightening the skin, are being utilized in a large number to cure such skin difficulties in the aging population.

Moreover, countries such as Vietnam, India, China, Indonesia, and Thailand are providing abundant growth opportunities to the key players, basically due to their growing millennial populace. Also, the need for multifunctional items is increasing as cost-conscious customers are selecting products that provide multiple features.

Hence, the increasing appearance awareness and rising frequency of skin diseases, are the major factors that will drive the home-use beauty devices industry all over the world in the future as well.  

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Home-Use Beauty Devices Market to Register 20.4% CAGR during 2020–2030

People across the globe are becoming increasingly conscious regarding their appearance. Most because of societal norms, appealing appearance is often related to a likeable personality and good health. At times, one’s appearance can also affect their confidence level. Because of these, people have started paying more attention to their physical appearance.  

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The demand for anti-aging devices is predicted to increase considerably in the coming years due to the surging aging population across the globe. As per the United Nations, in 2017, there were about 962 million people aged 60 or above, which comprised about 13% of the global population. The geriatric population is further growing at a rate of 3% each year. Therefore, several age-related skin problems such as loosening of skin, drooping eyebrows and eyelids, growth in facial hair, and wrinkles are resulting in the rising demand for anti-aging home-use beauty devices. 

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In addition to this, the demand for hair growth devices is also predicted to rise in the near future because of the rising prevalence of androgenetic alopecia (hair loss), primarily in Europe. European population is more prone to this condition as compared to African-Americans, Asians, and Native Americans, which is why the home-use beauty devices market in Europe is expected to lead rather than North America during the forecast period. The region is further registering introduction of specialized hair regrowth devices and applications which educate consumers regarding the utilization of such devices. Other than this, the rising geriatric population and growing prevalence of hair and skin-related diseases is also resulting in the growing need for home-use beauty devices. 

In conclusion, the demand for home-use beauty devices is increasing due to the rising consciousness of people regarding appearance.   

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