August 26, 2021
According to the research report titled ‘Global Personalized Beauty Devices Market Size study, by Product (Hair Removal Devices, Acne Devices, Skin Derma Rollers, Hair Growth Devices, Cellulite Reduction Devices, Oxygen & Streamer Devices, Light/LED Therapy & Photo rejuvenation Devices, Cleansing Devices) by Application (Commercial, Domestic) by Technology (Transcutaneous Electrical Nerve Stimulation (TENS) Technology, Lasers Invigorate, Wearable Devices), by End-User (Beauty Centres & Spas, Home-us, Dermatology Centres), by Gender (Male, Female) and Regional Forecasts 2021-2027‘, available with Market Study Report, global personalized beauty devices market is slated to record significant growth over 2021-2027.
Increasing development of customized and AI based products by manufacturers, growing consumer inclination towards the devices, and emergence of new trends in wellness and cosmetics sector are catalyzing the growth of global personalized beauty devices market.
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For instance, L'Oréal S.A. introduced a personalized makeup device coined ‘Perso’ in January 2020. Perso is an AI based device that delivers on-the-spot skincare, foundation, and lipstick.
Rising skin consciousness, coupled with heavy social media promotions for new beauty products and devices by influencers are also augmenting the growth of the industry sphere.
For the unversed, personalized beauty devices are customized products recommended to suit the needs of specific individuals. Most physicians specializing in cosmetics are advising treatments like infra light, laser, and others to individuals.
Focusing upon the restraints, high product costs, widespread prevalence of skin diseases, and increasing adoption of organic skin care methods are likely to hamper the expansion of worldwide personalized beauty devices industry over the projected timeframe.
From a regional point of view, Latin America, Europe, North America, and Asia pacific are major contributors to market remuneration. Among these, North America currently holds a major market share, owing to great product innovation, advanced lifestyle of customers, and inclination towards adopting new technologies.
Leading companies in global personalized beauty devices market sphere are L'Oréal S.A., Jebsen Consumer Products Co. Ltd., Koninklijke Philips N.V, Procter & Gamble Company, Nu Skin Enterprises Inc., Carol Cole Company (Nuface), Candela Laser Corporation, MTG Co. Ltd., Panasonic Corporation and Home Skinovations Ltd.