The U.S. beauty devices market reached a value of $17,623.1 million in 2020, and it is predicted to progress at a CAGR of 19.6% from 2021 to 2030 (forecast period). Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will generate a revenue of $99,468.0 million by 2030. The major factors driving the market are the increasing number of product approvals and launches, surging population of geriatric people, early adoption of various advanced technologies, and rising disposable income of people in the country.
Furthermore, the organization also reported that 84.5 million Americans or one out of every four individuals in the country were impacted by skin ailments as of 2013. Depending on usage, the U.S. beauty devices market is classified into spa, salon, and at-home. Amongst these, the at-home category is predicted to register the fastest growth in the market in the coming years. This will be because of the availability of various easy-to-use and portable beauty devices for acne reduction, skin rejuvenation, and hair removal, which is making Americans more inclined toward using beauty devices for at-home treatments.
The U.S. beauty devices market is also divided, based on type, into cleansing, light-emitting diode (LED) therapy and photorejuvenation, hair growth, oxygen/facial steaming, acne treatment, hair removal, cellulite reduction, and dermarolling. Out of these, the hair removal category held the largest share in the market between 2015 and 2020, and this trend is expected to continue in the upcoming years as well. This is attributed to the surging use of these devices, owing to the rising incidence of polycystic ovary syndrome (PCOS) and hormonal problems among women.
Hence, the demand for beauty devices will surge sharply in the U.S. in the forthcoming years, primarily because of the growing incidence of skin diseases and mushrooming population of geriatric people in the country.