Beauty devices are typically used to improve skin appearance by solving the issues of blemishes, wrinkles, pigmentation, age spots, and freckles, which constitute a large proportion of skin issues for women. A variety of beauty products such as shampoos, face washes, and cleansers are available in the market. The advancement in product technology and the rising aging population of the U.S. rises which is associated with the increasing concerns related to wrinkles in the female population of the nation is an important factor to influence the beauty market in the U.S. As per the US census bureau, the female population around 50% of women aged between 30 and 44 years in 2020. Furthermore, various factors such as hormonal imbalance can cause conditions like hirsutism which is responsible for excessive body hair growth and also significantly contributes to the market for aesthetic devices in the U.S.
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According to UnivDatos Market Insights (UMI)’ research report “ U.S. Beauty Device Market Analysis, 2021”, the U.S. Beauty Device market is projected to grow at a CAGR of ~20% during 2021-27F, and the increasing elderly population of the country is also responsible for boosting the market for wrinkle removal and skin tightening devices in the U.S. The demand for beauty products also increased due to the rising prevalence of medical conditions like hormonal imbalance in females can cause excessive hair growth responsible and skin diseases like acne and cold soreness.
Based on the type, the market is segmented into hair removal, cleansing, acne treatment, light-emitting diode (led) therapy and photorejuvenation, oxygen/facial steaming, hair growth, and others. The hair removal segment generated significant revenue in the U.S. market owing to the presence of a wide range of products and the advent of novel and improved methods that are quick, painless, and more effective procedures such as laser hair removal treatment.
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Based on applications, the market is segmented into the salon, spa, and at-home. The at-home device segment is expected to grab significant market share in the U.S. beauty device market during the forecast period. This is mainly due to the development of lightweight, and portable devices. Furthermore, the demand is also increasing due to the lesser complex and easy availability of the devices. Additionally, the lower cost of the home-based products is also responsible for the significant market share of the segment during the forecast period
New York State to Grab Lion’s Share, and witnessed Explicit Growth
For a better understanding of the market, the report provides a detailed analysis of major states in the U.S. including California, Texas, Florida, New York, Pennsylvania, and others. New York state constitutes a significant market owing to the presence of the major players in the state. The increasing disposable income of the people is one of the major factors for the state to have a significant market share. The endorsement by Hollywood stars also significantly contributed to the considerable growth of the state in the U.S beauty devices market. the home care monitoring and diagnostics industry owing to the presence of well-established market players and frequent product launches in the region, New York is expected to skyrocket with a CAGR of X% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “ U.S. Beauty Device Market Analysis, 2021”.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the U.S. Beauty Device Market include Panasonic Corporation, Lumenis Ltd., Nu Skin Enterprises Inc., TRIA Beauty Inc., Home Skinovations Ltd., Carol Cole Company Inc., L’Oréal SA, Candela Corporation, YA-MAN LTD., MTG Co. Ltd., Koninklijke Philips N.V., and LightStim., among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.
“ U.S. Beauty Device Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for U.S. Beauty Device providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Type (Hair Removal, Cleansing, Acne Treatment, Light-Emitting Diode (Led) Therapy And Photorejuvenation, Oxygen/Facial Steaming, Hair Growth, And Others)
2. By Application (Salon, Spa, And At-Home)
3. By State (California, Texas, Florida, New York, Pennsylvania, and Others)
4. By Company (Panasonic Corporation, Lumenis Ltd., Nu Skin Enterprises Inc., TRIA Beauty Inc., Home Skinovations Ltd., Carol Cole Company Inc., L’Oréal SA, Candela Corporation, YA-MAN LTD., MTG Co. Ltd., Koninklijke Philips N.V., and LightStim..)
Key questions answered in the study:
1. What are the current and future trends in the U.S. Beauty Device industry?
2. How the industry has been evolving in terms of product type and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the U.S. Beauty Device industry?
5. What are the customer orientation, purchase behavior, and expectations from the U.S. Beauty Device firms across various regions?
Table of Content –
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 U.S. BEAUTY DEVICE MARKET COVID-19 IMPACT
6 U.S. BEAUTY DEVICE MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TYPE
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY STATES
10 U.S. BEAUTY DEVICE MARKET DYNAMICS
11 U.S. BEAUTY DEVICE MARKET OPPORTUNITIES
12 U.S. BEAUTY DEVICE MARKET TRENDS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 COMPETITIVE SCENARIO
17 COMPANY PROFILED
18 DISCLAIMER
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