The U.S. beauty devices market is estimated to be valued at US$ 14 Bn in 2021, and is expected to expand at a CAGR of close to 18% from 2021 to 2031, to reach an estimated value of US$ 68 Bn by the end of the decade.
The U.S. beauty devices industry survey predicts the market to attain a value of US$ 14 Bn by the end of 2021. This analysis also expects the market to expand at a CAGR of close to 18% over the next 10 years and reach a valuation of US$ 68 Bn. Top manufacturers of beauty devices account for nearly 50% of the market share in the U.S.
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FACTS AT A GLANCE
Companies:L’Oréal Group.,Nu Skin Enterprises, Inc.,Home Skinovations Ltd.,PhotoMedex, Inc.,TRIA Beauty, Inc.,Koninklijke Philips N.V.,Syneron Medical, Ltd.,Cynosure, Inc.,Procter & Gamble Company.
Coverage: All major geographies and key segments
Segments: Usage Area(Salon,Spa,At-home,Others); Device Type(Hair removal devices,Cleansing devices,Acne devices,Rejuvenation devices,Intense pulsed light device,Oxygen and steamer devices,Hair growth devices,Derma rollers,Cellulite reduction devices)
Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Skincare continues to be a top priority for consumers in the US Media and entertainment businesses in the US are active proponents of using beauty devices to enhance the superficial presence of celebrities and other concerned personnel.
High-profile endorsements and relatively instantaneous results are promoting the presence of beauty devices in America households. This forecast study on the U.S. beauty devices market indicates that it will attain a market value of US$ 67.8 Bn by 2031, expanding from US$ 14 Bn in 2021 at an impressive CAGR of 17%.
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Key Market Dynamics
A considerable rise in the geriatric population in the US has stimulated the growth of its beauty devices market. The risks of obesity and implications caused due to cellulite accumulation have also urged consumers towards using special cosmetic and beauty devices.
Prevalence of skin diseases, and growing use of beauty devices to augment the superficial impression in the US media & entertainment industry is expected to drive the growth of U.S. beauty devices market.
Nonetheless, the occurrences of unwanted skin damage and additional dermal implications from the extensive use of such devices have inhibited the demand in the US beauty devices market. Lack of insurance or other monetary reimbursements for healthcare procedures involving beauty devices, and increasing prominence of alternative beauty products, is also impacting the growth of US beauty devices market.
Popular trends of restricting body shaming practices have been influencing the progress of beauty devices market in the US.
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