Press release
Nu Skin Enterprises Inc, Panasonic Corporation, Lumenis, Home Skinovations, The Procter & Gamble Company, Syneron Medical, iluminage Beauty, Philips, and Carol Cole Company Key Company Operating in U.S. Beauty Devices Market
The market is mainly driven by growing geriatric population, rising prevalence of skin diseases and hair loss, and increasing healthcare expenditure.
Based on type of device, the beauty devices market in the U.S. is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $7.9 billion by 2023, registering a CAGR of 18.8% during the forecast period. Hair removal devices are used to remove and reduce unwanted hair painlessly, without damaging the surrounding skin. In some devices, laser is also used which produces enough heat to destroy hair, thus providing long-lasting results lead to increased demand for these devices.
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The market for at-home beauty devices is growing progressively, due to increasing availability of home solutions and more scientifically sound technologies, that offer greater security and efficiency. The young population is seeking preventive measures to keep the signs of aging at bay, while the aged population is seeking these measures to maintain a youthful appearance. In addition, the increasing consumer awareness, and introduction of new products, such as NuSkin Galvanic Spa, and TRIA Age-Defying Laser device, is also increasing the inclination of consumers towards at-home beauty devices.
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Some of the other key players operating in the beauty devices market in the U.S. are Nu Skin Enterprises Inc., Panasonic Corporation, Lumenis Ltd., Home Skinovations Ltd., The Procter & Gamble Company, Syneron Medical Ltd., iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company.
U.S. BEAUTY DEVICES MARKET SEGMENTATION
Market Segmentation by Type of Device
• Hair Removal
• Cleansing
• Acne
• Light/LED Therapy and Photorejuvenation
• Oxygen and Steamer
• Hair Growth
• Dermal Rollers
• Cellulite Reduction
• Others
Market Segmentation by Usage
• Salon
• Spa
• At-Home
• Others
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P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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