Global Beauty Equipment Market 2023-2030

Global Beauty Equipment Market 2023-2030

Global Beauty Equipment Market Size, Share & Trends Analysis Report by Product (Ultrasound Therapy, Light Therapy, Radiofrequency, Cryo Therapy, Laser Therapy, Electro Therapy, Vacuum Therapy, Micro-Needle Therapy System, and Others), by Application (Lifting/Tightening, Wrinkle Reduction, Whitening and Acne/Inflammation Improvement), and by End-User (Aesthetics Clinics and Spas, and Beauty Center), Forecast Period (2023-2030)

The global beauty equipment market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). Beauty equipment is employed to enhance skin aesthetics and personal well-being. Increasing global utilization for cosmetic and health purposes, including managing acne and psoriasis, drives market growth. The allure of cosmetic treatments grows due to factors like sunburns, diminished skin elasticity, and wrinkle concerns.

Segmental Outlook

The global beauty equipment market is segmented on the product, application, and End user. Based on the type, the market is sub-segmented into Ultrasound therapy, Light therapy, Radiofrequency, Cryo therapy, Laser therapy, Electro therapy, Vacuum therapy, Micro-needle therapy system and Other (electroporation mesotherapy systems, vibration machines, functional magnetic stimulation therapy, other). Based on the application, the market is sub-segmented into Lifting/tightening, Wrinkle reduction, Whitening and Acne/inflammation improvement. Further, on the basis of End user, the market is sub-segmented into Aesthetics clinics and Spas and beauty centers. Among the End user, the Spas and beauty centers sub-segment is anticipated to hold a considerable share of the market, owing to the rise in Rise in number of salons and spas around the world. Spas and salons are constantly looking for new and innovative beauty products to attract new customers

The Wrinkle Reduction Sub-Segment is Anticipated to Hold a Considerable Share of the Global Beauty Equipment Market

Among the application, the wrinkle reduction sub-segment is expected to hold a considerable share of the global Beauty Equipment market. The segmental growth is attributed to the growing influence of better looks and increasing disposable income on beauty product and services. Skin loses healthy components as it ages. There are several conditions which are most common such as Dryness, wrinkles, and pigmentation are all indications of ageing. The beauty devices provide younger-looking skin which is further anticipated to propel the growth of the beauty devices market. Individuals have hormone abnormalities as a result of lifestyle changes and other circumstances. It causes severe acne breakouts and other skin issues which may accelerate the growth.

Regional Outlook

The global beauty equipment market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to the existence of several regional players, as well as their various development plans, has a favorable impact on the market's growth.

The North America Region is Expected to Grow at a Significant CAGR in the Global Beauty Equipment Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the region's high disposable income, which drives up personal care product spending. Furthermore, as people become more mindful of their looks, they are adopting more technologically advanced beauty equipment. According to a study by national library of medicine (US), natural aging is genetically determined, extrinsic aging can be prevented. Aesthetic dermatology should contribute to “healthy aging” not only in cosmetic means by trying to erase time vestiges in skin but by also playing a significant part in prevention, regeneration, and delaying of skin aging combining knowledge of possible local and systemic therapy, instrumental devices and invasive procedures, filling the lack of scientific investigations and becoming one of the important focuses of the aging research.

Hence, there is considerable shift of the country towards the adoption of the beauty equipment production. Owing to the increase in consumer base and the growing number of salons and spas across the region.

Market Players Outlook

The major companies serving the beauty equipment market include Guangzhou Konmison Electronic Technology Co. Ltd., Beijing ADSS Development Co. Ltd., BTL Group of Companies, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Spa Circle Brands unveiled their expansion as the world's pioneering Professional Beauty Marketplace. This innovative platform acts as a crucial link between professional skincare brands and salons, as well as day spas. It presents an extensive array of top-tier professional-grade skincare products from leading brands, all consolidated in a single platform. Importantly, this breakthrough offering eliminates the requirement for opening orders, simplifying the procurement process.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global beauty equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.