US Beauty Devices Market Revenue to Surpass $99468 Million by 2030, says P&S Intelligence – PRNewswire

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Nov 09, 2021, 03:30 ET
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NEW YORK, Nov. 9, 2021 /PRNewswire/ — Witnessing a 19.6% CAGR during 2021–2030, the U.S. beauty devices market value will increase to $99,468.0 million in 2030 from $17,623.1 million in 2020. Though device sales witnessed a massive slump due to the COVID-19 pandemic, they started rising again from the third quarter of 2020, when the lockdowns and many other restrictions began to be lifted around the world.
This was because of the rising prevalence of dermatological problems, which had been driving the market in the first place. For instance, almost 85% of the people in the country get acne at least once, says the American Academy of Dermatology (AAD). Apart from acne, dyspigmentation, psoriasis, deep wrinkles, hyperpigmentation, atopic dermatitis, freckles, and melasma are fairly common in the U.S., thus propelling the usage of beauty devices.
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Key Findings of U.S. Beauty Devices Market Report
Another key reason for the growth of the U.S. beauty devices market is people’s disposable income, which had surged to $13,968.6 billion in 2016 from $10,036.9 billion in 2006, as per the U.S. Bureau of Labor Statistics. With a higher income comes more purchasing power, which boosts the sale of such products. Therefore, with the national disposable income set to increase to $21,178.2 billion by 2026, the demand for beauty devices will rise further.
Browse detailed report on U.S. Beauty Devices Market Size and Growth Forecast to 2030
The key companies in the U.S. beauty devices market are Panasonic Corporation, Nu Skin Enterprises Inc., Lumenis Ltd., TRIA Beauty Inc., Carol Cole Company Inc., Home Skinovations Ltd., L’Oréal SA, YA-MAN LTD., Candela Corporation, MTG Co. Ltd., LightStim, and Koninklijke Philips N.V.
U.S. Beauty Devices Market Breakdown
U.S. Beauty Devices Market Based on Type
U.S. Beauty Devices Market Based on Usage
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Global Beauty Devices Market – Asia-Pacific is expected to be the fastest-growing market for beauty devices during the forecast period, primarily due to the increasing urbanization rate. This, accompanied by the increasing disposable income, offers a wide scope for the adoption of social networking platforms and leads to the rising concern regarding physical appearance among people, thereby driving the use of beauty devices.
Global Home-Use Beauty Devices Market – North America held the largest share in the home-use beauty devices market in the past as a result of the rising appearance consciousness and high disposable income, which boost the spending on a comprehensive beauty regimen.
U.S. Beauty Products Market – In the coming years, the U.S. beauty and personal care products market is predicted to witness the most-rapid advance in the click & collect category, under segmentation by mode of purchase. In this mode, people pay for the products online and then collect them from a designated store. This mode saves the time of people otherwise spent in long queues at hypermarkets.
About P&S Intelligence
P&S Intelligence 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.
Prajneesh Kumar
P&S Intelligence
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