According to a new market report published by Persistence Market Research titled The U.S. Market Study on Beauty Devices: At-home Devices to Witness Highest Growth by 2020, the U.S. beauty devices market was valued at USD 9,034.2 million in 2014 and is expected to grow at a CAGR of 18.8% from 2014 to 2020, to reach an estimated value of USD 25,375.7 million by 2020.
The U.S. beauty devices market is witnessing significant growth due to rising in geriatric population, as these beauty devices help reverse skin aging. Moreover, increasing the prevalence of obesity resulting in cellulite accumulation and skin diseases, and harmful effects of ultraviolet radiation on the skin are also driving the market. However, there are various risks and complications associated with beauty devices such as bruising, swelling, and redness. Furthermore, the wide availability of easy-to-use beauty products inhibits the growth of the U.S. beauty device market. The U.S. beauty devices market is anticipated to grow from USD 9,034.2 million in 2014 to USD 25,375.7 million by 2020 at a CAGR of 18.8% during the forecast period.
North America is the largest market for beauty devices. Hair removal devices, majorly used in salons, are the most popular type of beauty devices. In terms of growth, at-homes account for the fastest-growing usage area, and intense pulsed light devices make for the fastest-growing device type among the U.S. beauty devices.
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Hair removal devices are used to remove and reduce unwanted hair painlessly without damaging the surrounding skin. The U.S. hair removal devices market is expected to grow from USD 1,698.1 million in 2014 to USD 5,086.0 million by 2020 at a CAGR of 20.1% during the forecast period.
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