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Beauty Devices Industry to Expand at 19.7% CAGR

Contact Author Hannah Fink
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The Global beauty devices market is expected to see revenue expand from US $47.4 billion in 2019 at a 19.7% CAGR during 2020–2030, according to market research published by P&S Intelligence.

This growth can be attributed to the array of beauty devices that are now available for the treatment of skin issues. Notably, the firm reports, almost 85% of people in the United States suffer from skin diseases at least once in their life. The most-common dermatological diseases around the world include acne, dyspigmentation, hyperpigmentation, psoriasis, deep wrinkles, freckles, atopic dermatitis and melasma.

See related: Patent Pick; L'Oréal's Voice-activated Skin Care Device

Another reason cited for growth is the rising awareness of devices across regions. P&S Intelligence reports that with the surge of the internet, social media and rising influence of the Western culture via fashion magazines and TV shows, consumers in the East are becoming more conscious of their appearance.

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