Beauty Equipment Market Size, Trends, Latest Insights, Analysis and Forecast 2023-2030
The global beauty equipment market is anticipated to grow at a CAGR of 7.8% during the forecast period (2023-2030). Surging demand for skincare and beauty products driven by skin issues and hormonal imbalance, fueling global market growth. The global beauty and skincare market is witnessing steady expansion, propelled by escalating skin concerns and hormonal imbalances. According to the American Academy of Dermatology Association, up to 50 million Americans experience acne, marking it as the most prevalent skin condition in the US.
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Further, the escalating skin concerns and the desire for enhanced aesthetics are driving the market forward. The global demand for anti-aging products and therapies is on the rise, prompting companies to innovate for competitive edge. For example, in March 2022, 7e Wellness introduced a groundbreaking Microcurrent Device for Anti-Aging Treatment. This FDA-cleared, non-invasive technology, designed to stimulate facial collagen, is now accessible in the Indian market.
The proliferation of salons and spas globally significantly contributes to market expansion. The global wellness landscape has witnessed a remarkable increase in these establishments. According to the Global Wellness Institute (GWI), their first Global Spa Economy study in 2008 revealed approximately 71,800 spa establishments generating $47 billion in revenue during 2007. This number surged dramatically over the years, aligning with the broader wellness movement. By 2019, the GWI estimated a global total of 165,700 spas, yielding $111 billion in revenue, reflecting a robust 7.4% annual growth rate from 2007 to 2019. This growth is driven by rising incomes, expanding middle-class segments, the rapid rise of wellness tourism, and a growing consumer inclination to invest in wellness and beauty pursuits.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Therapy
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes, Guangzhou Konmison Electronic Technology Co. Ltd., Beijing ADSS Development Co. Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Beauty Equipment Market Report Segment
By Product
- Ultrasound Therapy
- Light Therapy
- Radiofrequency
- Cryo Therapy
- Laser Therapy
- Electro Therapy
- Vacuum Therapy
- Micro-Needle Therapy System
Other (Electroporation Mesotherapy Systems, Vibration Machines, Functional Magnetic)
By Application
- Lifting/Tightening
- Wrinkle Reduction
- Whitening
- Acne/Inflammation Improvement
By End-User
- Aesthetics Clinics
- Spas and Beauty Centers
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Company Profiles
- Alma Laser
- AMI, Inc.
- BTL Group of Companies
- Candela Medical
- CLASSYS Inc.
- Deleo Ltd
- Iskra MEDICAL
- NEWPONG Co., Ltd.
- Pretty (Beijing) Technology Co., Ltd.
- Rohrer Aesthetics, Inc.
- Solta Medical (Bausch Health)
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