U.S. Beauty Devices Market Will Advance at a 19.6% CAGR

The U.S. beauty devices market will touch USD 99,468.0 million, advancing at a 19.6% compound annual growth rate, by 2030.

The major factors boosting the growth of the U.S. beauty devices industry are the increasing count of product approvals and launches, as well as the mounting elderly populace.

Moreover, the rising disposable salary of people and the early acceptance of developed technologies in this nation are also aiding industry expansion. In addition, the risk of obesity as well as issues because of cellulite accumulation has encouraged customers to utilize beauty devices.

The introduction of novel and advanced beauty products is assisting clinicians, aestheticians, and dermatologists in treating skin illnesses, reducing several signs of aging, and enhancing the texture of skin.

Moreover, beauty device-making businesses are producing more developed products continuously in response to the surging need for advanced haircare as well as skincare solutions.

The increasing disposable salary is a key factor boosting the growth of this industry. As per the U.S. Bureau of Labor Statistics, the U.S. population has observed a substantial rise in personal disposable salary, which is likely to touch USD 21,178.2 billion in 2026.

In addition, as a result of the increase in the household disposable salary, the purchasing power of consumers rises, therefore resulting in an increase in the sale of beauty devices as well as personal care products.

In the past few years, the hair removal category, on the basis of type, was the largest contributor to the U.S. beauty devices market. This can be mainly because of the high disposable salary, increasing count of hormonal problems, growing count of salons providing hair removal facilities, and the rising consciousness about appearance.

In addition, the constantly altering beauty standards among people both women and men, coupled with the increasing need for laser hair removal treatments are also boosting this category expansion.

The at-home category, on the basis of usage, is likely to propel at the fastest compound annual growth rate, in the years to come. This will be primarily because of the ease of accessibility of home-use devices as well as the lower expertise needed for their application.

Moreover, the need for at-home devices is also increasing because of their ergonomic designs as well as portability. In addition, home-based treatments are cost-effective and convenient in nature.

The demand for beauty devices in the U.S. is boosted by the increasing aging populace, surging occurrence of skin problems, and rising disposable salary. Moreover, with the growing consciousness of people regarding beauty devices, the U.S. beauty devices industry will continue to progress significantly in the years to come.

SOURCE: P&S Intelligence