U.S. Beauty Devices Market is Expected to Grow With 19% CAGR During 2015 - 2020: P&S Market Research

NEW YORK, January 25, 2016 /PRNewswire/ --

The U.S. beauty devices market was valued at $9,214.0 million in 2014, and it is expected to grow with a CAGR of 19.0% during the period 2015 - 2020. The U.S. market is growing, due to the growth of the geriatric population and increasing prevalence of skin diseases, such as acne, psoriasis in the Americans. In addition, the increase in disposable income leads to increased spends on personal care, thus boosting the growth of the U.S. beauty devices market.

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Among the types of beauty devices, the Light/LED Therapy and Photorejuvenation devices segment is expected to witness the fastest growth during the forecast period. Among the various applications, the salon segment had the largest market size in the U.S. in 2014; however the At Home segment is expected to witness the fastest growth, during the period 2015 - 2020.

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The information and data in the publication "U.S. Beauty devices Market Size, Share, Development, Growth and Demand Forecast to 2020" represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the U.S. beauty devices market size by type of devices and application. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.

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The growth of hair and skin problems as a result of pollution and exposure to U.V. radiation leads to photo aging of skin, sunburns, less collagen built up, reduction of skin elasticity, and also hair loss. Skin diseases are also caused by various other factors, such as environmental pollution, excessive alcohol consumption, and tobacco use. Cases with skin diseases are also increasing due to infections caused by viruses, bacteria, and fungi.

The aging population acts as a major driver for the U.S. beauty devices market, as old age is associated with loss of fibrous tissue and a reduced vascular and glandular network in the layers of skin. In the elderly population, the appearance and characteristics of the skin gets altered, thus leading to wrinkles, dryness, pigmentary alteration, and sagging of the skin. In addition, anti-aging products and devices help in reducing skin aging, giving a person a younger look by revitalizing and tightening the skin, which is fuelling the demand for beauty devices.

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However, the side effects associated with the usage of these devices such as superficial burns, scarring, edema, postoperative erythema, and ecchymosis; and the risks associated with photorejuvenation devices including discomfort, excessive swelling, fragile skin, bruising, and blistering, acts as major restraints for the growth of the U.S. beauty devices market.

The key companies operating in the U.S. beauty devices market include L'Oréal Group, Nu Skin Enterprises Inc., Panasonic Corporation, Home Skinovations Ltd., PhotoMedex Inc., Carol Cole Company, Procter & Gamble Company, Syneron Medical Ltd., TRIA Beauty Inc., and Koninklijke Philips N.V.

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BEAUTY DEVICES MARKET SEGMENTATION 

By Type of Devices 

• Hair Removal Devices
• Cleansing Devices
• Acne Devices
• Light/LED Therapy and Photorejuvenation Devices
• Oxygen and Steaming Devices
• Hair Growth Devices
• Skin Dermal Rollers
• Cellulite Reduction Devices
• Others

By Application 

• Salon
• Spa
• At Home
• Others

By Geography 

• North America- U.S., Canada and Rest of North America

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SOURCE P&S Market Research