The present demand for gadgets in the beauty sector has been simplified by consumers' need for "something more" and a series of technical developments that provide exquisite functions.
As per FMI, the Skin Care Devices Market is expected to reach US$ 18.53 Bn by the end of 2021. The global market for skin care devices is expected to reach US$ 18,533.2 million in 2021 and have a CAGR of 15.0% from 2021 to 2031. The present demand for gadgets in the beauty sector has been simplified by consumers' need for "something more" and a series of technical developments that provide exquisite functions. According to a recent analysis by Future Market Insights, this trend is developing since technologically enabled equipment and diagnostics are being integrated so well. As a result, the market for skin care devices will rise significantly during the next ten years.
The next big thing in the beauty business is intelligent skin care technology. The surge of smart gadgets is filling retail shelves.Industry giant L’Oreal developed a motorized skin treatment device offering a range of cleansing and massaging options in response to vocal instructions from the user, subsequently providing smart audio feedback and guidance via an integrated speaker when in use.
The device offers a range of functions including sensitive cleansing, deep cleansing, pore cleansing, facial massaging, eye area massaging, make-up application and even skin rejuvenation or stimulation.
Digital tools are turning as the bandwagon of beauty and personal care industry. With the advent of personalization trend, at-home diagnostic devices and personalized beauty devices are gaining momentum. In the past product purchase pattern was streamlined by consumer reviews, brand marketing and distribution pattern; however, present date purchase decisions are getting more personal and consumer-centric, enabled by personalized beauty devices.
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Skin care devices appeal to a wider audience across regional boundaries, a fact capitalised by industry leaders Proctor & Gamble Company and Clarisonic. L’Oreal is set to enter the personalized beauty device industry with the advent of PERSO, a smart device that creates custom formulas for lipstick, foundation and skin care. Le Teint Particulier formula, a patented product of Lancome Paris, L’Oreal, is customized to your precise skin tone measurements using a proprietary algorithm that analyzes and then matches your exact skin tone.
Key Takeaways from the Skin Care Devices Market Study
“Artificial Intelligence (AI) driven, customized, at-home beauty devices are the future of beauty industry, offering routine, high-tech customized skin care and makeup” says an FMI analyst.
Who is winning?
Key players in the skin care devices market are Koninklijke Philips N.V., Pure Daily Care, Shenzhen Mareal Technology Co., Ltd, L’Oreal S.A (ModiFace), Nu Skin Enterprises, Panasonic Corporation, Syneron Medical Ltd., home skinovations ltd., TRIA Beauty Inc, Proctor & Gamble Company, PhotoMedex Inc., Carole Cole Company Inc., Lumenis, MTG Co. Ltd., DD Karma LLC, and FOREO, among others.
Targeted and unique product offerings by market players are undertaken to gain competitive edge. They are using advanced technologies to offer smart skin care solutions to consumers.
For instance:
Besides this, there is immense focus on strategic tie ups. For instance:
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Skin Care Devices Market by Category
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 31, 2022