Development trend of beauty equipment market

With the development of the country, people's economic level is also getting higher and higher. More and more people are paying more attention to their own maintenance, which has also led to a wider market for beauty devices. According to research data, the market size of China's medical beauty device industry was 42.54 billion yuan in 2020, and it is expected that the market size of China's medical beauty device industry will exceed 50 billion yuan in 2021.

The report also shows that as of June 25, 2021, the registered capital of Chinese medical beauty device industry related enterprises is mostly below 1 million yuan, accounting for 36%, indicating the existence of a large number of small medical beauty device enterprises in the industry; From the perspective of enterprise ownership, limited liability companies account for over 80%, while individual industrial and commercial enterprises account for 16%

According to the 2020 Online Home Beauty Device Consumption Insight Report, in a survey of 3000 female internet users aged 20-49, 59% of women reported having used at least one home beauty device. In 2021, it is expected that the market size of beauty equipment in China will approach 10 billion yuan.