U.S. Market Study on Beauty Devices: Demand for Hair Removal Devices to Remain High Over the Decade

U.S. Market Study on Beauty Devices: Demand for Hair Removal Devices to Remain High Over the Decade

  • Persistence Market Research
  • June 2021
  • Semiconductors
  • 83 pages

Report Description

U.S. Beauty Devices Market: Report Scope

Skincare continues to be a top priority for consumers in the US Media and entertainment businesses in the US are active proponents of using beauty devices to enhance the superficial presence of celebrities and other concerned personnel.

High-profile endorsements and relatively instantaneous results are promoting the presence of beauty devices in America households. This forecast study on the U.S. beauty devices market indicates that it will attain a market value of US$ 67.8 Bn by 2031, expanding from US$ 14 Bn in 2021 at an impressive CAGR of 17%.

Key Market Dynamics

A considerable rise in the geriatric population in the US has stimulated the growth of its beauty devices market. The risks of obesity and implications caused due to cellulite accumulation have also urged consumers towards using special cosmetic and beauty devices.

Prevalence of skin diseases, and growing use of beauty devices to augment the superficial impression in the US media & entertainment industry is expected to drive the growth of U.S. beauty devices market.

Nonetheless, the occurrences of unwanted skin damage and additional dermal implications from the extensive use of such devices have inhibited the demand in the US beauty devices market. Lack of insurance or other monetary reimbursements for healthcare procedures involving beauty devices, and increasing prominence of alternative beauty products, is also impacting the growth of US beauty devices market.

Popular trends of restricting body shaming practices have been influencing the progress of beauty devices market in the US.

Segment Analysis

The beauty devices market in the US is segmented into types of devices and their usage areas. In terms of area of usage for such devices, the market is classified into the spa, salon, at home and others. At-homes segment is expected to account for the fastest-growing usage area segment, while salons are anticipated to increase adoption of hair removal devices.

The U.S. beauty devices market is also categorized on the basis of types of devices such as intense pulsed light devices, hair growth devices, hair removal devices, derma rollers, cellulite reducer, and cleansing, among others. By the end of 2020, the hair removal devices segment was slated to attain more than US$ 5Bn in terms of value, and was expected to registering a CAGR of 20%.

On the other hand, intense-pulsed light devices are projected to be the fastest-growing device type segment in the US beauty devices market.

Regional Analysis

In the global market for beauty devices, North America is slated to be the dominant region. The dominance of North America is majorly influenced by the US beauty devices market. The regional expanse of the US includes various types of environment and consumers in specific states continue to be exposed towards practices that need beauty devices.

Key Market Players

Manufacturers of beauty devices are developing innovative skincare solutions to gain prominence over beauty products companies. Influencing the consumer preferences has necessitated manufacturers towards producing high-quality, harmless, and reliable beauty devices products.

Some key players recognized in the US beauty devices market include, Nu Skin Enterprises, Inc., Koninklijke Philips N.V., Cynosure, Inc., TRIA Beauty, Inc., L’Oréal Group, PhotoMedex, Inc., Syneron Medical, Ltd., Home Skinovations Ltd., and Procter & Gamble Company, among others.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
1.3 Assumptions

Chapter 2 U.S. Beauty Devices Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining Power of Suppliers
3.2 Bargaining Power of Buyers
3.3 Threat of New Entrants
3.4 Threat of Substitutes
3.5 Intensity of Rivalry

Chapter 4 Industry Overview
4.1 Market Definition
4.2 Market Drivers
4.2.1 Rising geriatric population
4.2.2 Rising prevalence of skin diseases and harmful effects of ultraviolet radiation
4.2.3 Increasing prevalence of obesity due to cellulite accumulation
4.3 Impact Analysis of Market Drivers
4.4 Market Restraints
4.4.1 Complications and risks associated with beauty devices
4.4.2 Wide availability of easy-to-use beauty products
4.5 Impact Analysis of Market Restraints 
4.6 Market Trends
4.6.1 Rising product innovation
4.6.2 Growing inclination of consumers towards at-home beauty devices

Chapter 5 North American Market Size and Forecast
5.1 North America
5.1.1 The U.S.
5.1.2 Canada

Chapter 6 Market Size and Forecast, by Device Type
6.1 Hair Removal Devices
6.2 Cleansing Devices
6.3 Acne Devices
6.4 Rejuvenation Devices
6.5 Intense Pulsed Light Devices
6.6 Oxygen and Steamer Devices
6.7 Hair Growth Devices
6.8 Derma Roller
6.9 Cellulite Reduction Devices

Chapter 7 Market Size and Forecast, by Usage Area
7.1 Salon
7.2 Spa
7.3 At-home

Chapter 8 Competitive Scenario
8.1 Product Segment Analysis
8.2 Competitive Analysis based on Device Offerings

Chapter 9 Company Profiles
9.1 Nu Skin Enterprises, Inc.
9.1.1 Company overview
9.1.2 Products and services
9.1.3 Financial performance
9.1.4 Key developments
9.2 Panasonic Corporation
9.2.1 Company overview
9.2.2 Products and services
9.2.3 Financial performance
9.2.4 Key developments
9.3 Home Skinovations Ltd.
9.3.1 Company overview
9.3.2 Products and services
9.3.3 Financial performance
9.3.4 Key developments
9.4 Carol Cole Company
9.4.1 Company overview
9.4.2 Products and services
9.4.3 Financial performance
9.4.4 Key developments
9.5 The Procter & Gamble Company (P&G)
9.5.1 Company overview
9.5.2 Products and services
9.5.3 Financial performance
9.5.4 Key developments
9.6 Koninklijke Philips N.V.
9.6.1 Company overview
9.6.2 Products and services
9.6.3 Financial performance
9.6.4 Key developments
9.7 TRIA Beauty, Inc.
9.7.1 Company overview
9.7.2 Products and services
9.7.3 Financial performance
9.7.4 Key developments
9.8 PhotoMedex, Inc.
9.8.1 Company overview
9.8.2 Products and services
9.8.3 Financial performance
9.8.4 Key developments
9.9 HairMax (Lexington International, LLC)
9.9.1 Company overview
9.9.2 Products and services
9.9.3 Financial performance
9.9.4 Key developments
9.10 L\'Oréal Group
9.10.1 Company overview
9.10.2 Products and services
9.10.3 Financial performance
9.10.4 Key developments
9.11 Syneron Medical Ltd.
9.11.1 Company overview
9.11.2 Products and services
9.11.3 Financial performance
9.11.4 Key developments
9.12 Cynosure, Inc.
9.12.1 Company overview
9.12.2 Products and services
9.12.3 Financial performance
9.12.4 Key developments

List of Tables

TABLE 1 Market snapshot: Beauty devices market, 2021 and 2031
TABLE 2 Drivers for beauty devices market: Impact analysis
TABLE 3 Restraints for the U.S. beauty devices market: Impact analysis
TABLE 4 Some of the beauty products launched by major companies
TABLE 5 The North American beauty devices market size, by country, 2016 – 2020 (USD million)
TABLE 6 The North American beauty devices market size, by country, 2021 – 2031 (USD million)
TABLE 7 The U.S. beauty devices market size, by usage area, 2016 – 2020 (USD million)
TABLE 8 The U.S. beauty devices market size, by usage area, 2021 – 2031 (USD million)
TABLE 9 The U.S. beauty devices market size, by device type, 2016 – 2020 (USD million)
TABLE 10 The U.S. beauty devices market size, by device type, 2021 – 2031 (USD million)
TABLE 11 The Canadian beauty devices market size, by usage area, 2016 – 2020 (USD million)
TABLE 12 The Canadian beauty devices market size, by usage area, 2021 – 2031 (USD million)
TABLE 13 The Canadian beauty devices market size, by device type, 2016 – 2020 (USD million)
TABLE 14 The Canadian beauty devices market size, by device type, 2021 – 2031 (USD million)
TABLE 15 The U.S. beauty devices market size in salon, by device type, 2016 – 2020 (USD million)
TABLE 16 The U.S. market size in salon, by device type, 2021 – 2031 (USD million)
TABLE 17 The U.S. beauty devices market size in spa, by device type, 2016 – 2020 (USD million)
TABLE 18 The U.S. beauty devices market size in spa, by device type, 2021 – 2031 (USD million)
TABLE 19 The U.S. beauty devices market size at-home, by device type, 2016 – 2020 (USD million)
TABLE 20 The U.S. beauty devices market size at-home, by device type, 2021 – 2031 (USD million)
TABLE 21 Major product segments of Nu Skin Enterprises, Inc.
TABLE 22 Major product segments of Panasonic Corporation
TABLE 23 Major product segments of Home Skinovations Ltd.
TABLE 24 Major product segments of Carol Cole Company
TABLE 25 Major product segments of P&G
TABLE 26 Major product segments of Koninklijke Philips N.V.
TABLE 27 Major product segments of TRIA Beauty, Inc.
TABLE 28 Major product segments of PhotoMedex, Inc.
TABLE 29 Major product segments of HairMax (Lexington International, LLC)
TABLE 30 Major product segments of L’Oréal Group
TABLE 31 Major product segments of Syneron Medical Ltd.
TABLE 32 Major product segments of Cynosure, Inc.

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