Personalized Beauty Devices Market

Introduction of the Global Personalized Beauty Devices Market Report

Personalized beauty devices are the devices used for skincare by customers according to their need at the comfort of their home. From reducing wrinkles to managing skin tone these devices have various applications. These devices are based on AI algorithm which helps in facial recognition and its needs.

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Market Dynamic

Key Drivers and Emerging Trends

The factors boosting the growth of the global personalized beauty devices market include the growth of AI technology all over the world. This helped in understanding customer’s skincare needs and helped them to resolve instantly. For instance, in 2020, Olay launched a new ‘Skin Advisor platform, which uses artificial intelligence to offer users personal skincare consultations and advice. It analyses a person’s skin based on a single selfie and your current skincare preferences, and the breakthrough AI in it determines the person’s skin age. Then, it gives a personalized skincare routine based on the person’s skin age and concerns. In addition to it, according to the Cosmetic, Toiletry & Perfumery Association of Europe, the global cosmetic industry was worth 10,690 USD million in the year 2020 compared to 11,399 USD million in 2019. Thus, increasing value shows the growing potential of the market. Furthermore, with increasing age, people prefer to maintain their skin more. This will drive the need for personalized beauty products and play a good role in the global growth of its market.

Restraint in the Personalized Beauty Devices Market

However, less awareness and lack of knowledge using these products among consumers might pose a challenge to the growth of global personalized beauty devices market.

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Type – Segment Analysis

Based on the type, skincare devices are expected to capture a significant growth in the global personalized beauty devices market during the forecast period owing to their various use for processes like waxing, micro-needling among others. Facial skincare devices are expected to register the fastest growth over the forecast period in the global personalized beauty devices market due to their ability to heal various skin problems like acne, scars among others, plus remove dirt, pigments from the face.

Portability – Segment Analysis

Based on the portability, handheld devices are expected to have a higher growth in the global personalized beauty devices market owing to their consumer attraction among females. Also, their ease of use and portability is beneficial to consumers. For instance, TRIA Beauty ‘s Tria SmoothBeauty device is made up of high-quality plastic that feels comfortable to hold and is not particularly heavy in hand.

Distribution – Segment Analysis

Based on the distribution channel, online retailers are expected to have a higher growth over the forecast period in the global personalized beauty devices market due to ease of access of products for females through various brands and e-commerce sites. Specialty stores might also witness good growth as they offer genuine products, and due to frequent visits of females to malls, these stores might benefit.

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Regional – Segment Analysis:

Based on the region, North America is expected to capture significant market growth in the global personalized beauty devices market over the forecast period owing to increased problems of scars and acne, especially among females. According to the American Academy of Dermatology, around 85% of Americans face some skin disorder in their life at some point.  This factor will drive the growth of the global personalized beauty devices market. Asia pacific will also observe a good growth in the global personalized beauty devices market owing to consumer’s concern for their skin with growing age, especially in countries like India, China, South Korea, among others.

Top Market Players

Various notable players operating in the market, include, Loreal, Proctor & Gamble, Panasonic Corporation, Lumenis Ltd, TRIA Beauty Inc, Carol Cole Company, Home Skinovations Ltd, Amorepacific Corporation, Candela Corporation, MTG Co Ltd, among others. 

Key Developments: 

• • In January 2020, L’Oréal bought personalized beauty solutions into the home, via a new smart device, Perso. It consisted of an AI-powered at-home system.
  • In January 2019, Proctor & Gamble launched Opte, with a faster speed, improved user interface, upgraded OLED display, and lower cost. Opte scans your skin using a blue LED light, while the device uses a patented precision skincare algorithm to detect problem areas and analyse your complexion. An ‘optimizing serum’ is applied to spots, to instantly camouflage age spots, sunspots, and hyperpigmentation on contact and also fade their appearance over time.

Segments covered in the Report:

The global personalized beauty devices market has been segmented on the basis of type, portability, distribution channel and regions. Based on type, the market is segmented into chemical control services, mechanical control services and others. Based on portability, the market is segmented into rodent control, insect control, wildlife control and others. Based on distribution channel. 

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Key questions answered in this research report:

• • At what pace is global personalized beauty devices market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in personalized beauty devices market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global personalized beauty devices market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various portability areas of global personalized beauty devices market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Portability, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Loreal, Proctor & Gamble, Panasonic Corporation, Lumenis Ltd, TRIA Beauty Inc, Carol Cole Company, Home Skinovations Ltd, Amorepacific Corporation, Candela Corporation, MTG Co Ltd, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Personalized Beauty Devices Market by Type

• • Hair Care Devices
  • Facial Devices
  • Skin Care Devices
  • Others

Global Personalized Beauty Devices Market by Portability

• • Handheld Devices
  • Fixed

Global Personalized Beauty Devices Market by Distribution Channel

• • Online Retailers
  • Speciality Stores
  • Hypermarkets/Supermarkets
  • Others

Global Personalized Beauty Devices Market by Region

• • North America Personalized Beauty Devices Market (Option 1: As a part of the free 25% customization)
    • North America Personalized Beauty Devices Market by Type
    • North America Personalized Beauty Devices Market by Portability
    • North America Personalized Beauty Devices Market by Distribution Channel
    • US Personalized Beauty Devices Market All-Up
    • Canada Personalized Beauty Devices Market All-Up
  • Europe Personalized Beauty Devices Market (Option 2: As a part of the free 25% customization)
    • Europe Personalized Beauty Devices Market by Type
    • Europe Personalized Beauty Devices Market by Portability
    • Europe Personalized Beauty Devices Market by Distribution Channel
    • UK Personalized Beauty Devices Market All-Up
    • Germany Personalized Beauty Devices Market All-Up
    • France Personalized Beauty Devices Market All-Up
    • Spain Personalized Beauty Devices Market All-Up
    • Rest of Europe Personalized Beauty Devices Market All-Up
  • Asia-Pacific Personalized Beauty Devices Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Personalized Beauty Devices Market by Type
    • Asia-Pacific Personalized Beauty Devices Market by Portability
    • Asia-Pacific Personalized Beauty Devices Market by Distribution Channel
    • China Personalized Beauty Devices Market All-Up
    • India Personalized Beauty Devices Market All-Up
    • Japan Personalized Beauty Devices Market All-Up
    • Rest of APAC Personalized Beauty Devices Market All-Up
  • RoW Personalized Beauty Devices Market (Option 4: As a part of the free 25% customization)
    • RoW Personalized Beauty Devices Market by Type
    • RoW Personalized Beauty Devices Market by Portability
    • RoW Personalized Beauty Devices Market by Distribution Channel
    • Brazil Personalized Beauty Devices Market All-Up
    • South Africa Personalized Beauty Devices Market All-Up
    • Saudi Arabia Personalized Beauty Devices Market All-Up
    • UAE Personalized Beauty Devices Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Personalized Beauty Devices Market All-Up

Major Players Operating in the Personalized Beauty Devices (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Loreal
  • Proctor and Gamble
  • Panasonic Corporation
  • Lumenis Ltd
  • TRIA Beauty Inc
  • Carol Cole Company
  • Home Skinovations Ltd
  • Amorepacific Corporation
  • Candela Corporation
  • MTG Co Ltd