U.S. Magnificence Gadgets Market Income to Surpass $99,468 Million by 2030, says P&S Intelligence

NEW YORK, November 9, 2021 / PRNewswire / – With a CAGR of 19.6% over the 2021-2030 period, the US market value for beauty equipment will increase. rise $ 99,468.0 million in 2030 by $ 17,623.1 million in 2020. Although device sales saw a massive slump due to the COVID-19 pandemic, they rose again from the third quarter of 2020 when lockdowns and many other restrictions were lifted around the world.

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This was due to the increasing prevalence of dermatological problems that had primarily driven the market. For example, nearly 85% of the people in the country get acne at least once, says the American Academy of Dermatology (AAD). Acne aside, dyspigmentation, psoriasis, deep wrinkles, hyperpigmentation, atopic dermatitis, freckles, and melasma are pretty common in the US, which is driving beauty device use forward.

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Key Findings of US Beauty Equipment Market report

  • Hair removal devices are the most popular in the U.S. beauty device market because body hair, other than eyebrows and male beards, is somewhat undesirable among Americans.

  • Excess female body hair due to polycystic ovarian syndrome (PCOS) and other hormonal issues is also driving hair removal device sales in the United States

  • Home beauty equipment sales are set to grow the fastest in the country due to their cost-effectiveness, portability and low need for technical know-how.

  • The presence of numerous beauty device manufacturers has made the US market quite competitive, which is why the major players are bringing newer products to market.

  • Mergers and acquisitions have also been effective strategic moves as they allow companies to acquire technical expertise, a broader customer base and access to more sales channels, and to expand their product portfolios.

  • L’Oreal SA acquired Nanda Co. Ltd. in May 2018 to increase sales of its cosmetics brand 3CE as Nanda is a makeup, lifestyle and fashion company.

Another major driver of the growth in the US beauty equipment market is the disposable income of the people on it $ 13,968.6 billion in 2016 by $ 10,036.9 billion in 2006 according to the US Bureau of Labor Statistics. With a higher income comes more purchasing power, which stimulates the sale of such products. With an increase in the national disposable income on $ 21,178.2 billion The demand for beauty devices will continue to grow until 2026.

The story goes on

Browse the detailed report on the US Beauty Equipment Market Size and Growth Forecast to 2030

The major companies in the US beauty equipment market are Panasonic Corporation, Nu Skin Enterprises Inc., Lumenis Ltd., TRIA Beauty Inc., Carol Cole Company Inc., Home Skinovations Ltd., L’Oréal SA, YA-MAN LTD. , Candela Corporation, MTG Co. Ltd., LightStim and Koninklijke Philips NV

US Beauty Equipment Market Breakdown

US Beauty Equipment Market by Type

US Beauty Equipment Market Based on Usage

Browse more reports on beauty devices / products

Global Beauty Equipment Market – Asia Pacific is expected to be the fastest growing beauty equipment market over the forecast period, largely due to the increasing rate of urbanization. This, along with rising disposable income, offers great scope for adoption of social networking platforms and leads to increasing concerns about people’s physical appearance, which is driving the use of beauty devices.

Global Home Beauty Equipment Market – North America Historically, has had the largest share of the home beauty equipment market due to its rising appearance and high disposable income, which is fueling spending on a comprehensive beauty regimen.

US Beauty Products Market – In the coming years, the US beauty and personal care products market is expected to see the fastest advance in the Click & Collect category when segmented by type of purchase. In this mode, people pay for the products online and then pick them up at a specific store. This mode saves the time that people otherwise spend in long queues in hypermarkets.

About P&S Intelligence

P&S Intelligence is a market research and advisory service provider serving the market intelligence needs of emerging industries around the world. As an enterprising research and advisory firm, P&S provides the foundation for market intelligence and believes in thorough landscape analysis of the ever-changing market scenario to enable companies to make informed decisions and strategize their business with ingenuity.

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