Dublin, Aug. 22, 2018 (GLOBE NEWSWIRE) -- The "U.S. Beauty Devices Market by Type of Device, by Usage - Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering. The U.S. beauty devices market is expected to reach $32.5 billion by 2023 The market is mainly driven by growing geriatric population, rising prevalence of skin diseases and hair loss, and increasing healthcare expenditure. Insights on market segments Based on type of device, the beauty devices market in the U.S. is categorized into hair removal, cleansing, acne, light/LED therapy and photorejuvenation, oxygen and steamer, hair growth, dermal rollers, cellulite reduction, and other devices. The market for hair removal devices is predicted to reach $7.9 billion by 2023. registering a CAGR of 18.8% during the forecast period. Hair removal devices are used to remove and reduce unwanted hair painlessly, without damaging the surrounding skin. In some devices, laser is also used which produces enough heat to destroy hair, thus providing long-lasting results lead to increased demand for these devices. In terms of usage, the beauty devices market has been categorized into salon, spa, at-home and others. During the forecast period, the market is expected to witness the highest growth in the at-home beauty devices category, at a CAGR of 19.3%. Various facial therapies and body treatments offered at salons and spas can be done at home, with the help of these devices. The demand for at-home devices is also increasing, due to their ergonomic designs and portability. Increasing inclination of consumers towards easy to use at-home beauty devices The easy availability of various beauty products and devices for hair removal, acne reduction, and skin rejuvenation is making the U.S. population more inclined to opt for portable, easy-to-use, and convenient at-home beauty devices. The market for at-home beauty devices is growing progressively, due to increasing availability of home solutions and more scientifically sound technologies, that offer greater security and efficiency. The young population is seeking preventive MEA sures to keep the signs of aging at bay, while the aged population is seeking these MEA sures to maintain a youthful appearance. In addition, the increasing consumer awareness, and introduction of new products, such as NuSkin Galvanic Spa, and TRIA Age-Defying Laser device, is also increasing the inclination of consumers towards at-home beauty devices. Market players are focusing on strategic acquisitions to expand their business In order to increase their market share, key players in the beauty devices industry of the U.S. are acquiring other companies operating in the domain. For instance, in May 2018, L'Oreal SA (L'Oreal) announced 100% acquisition of Nanda Co. Ltd., a Korean lifestyle make-up and fashion company. With this acquisition, L'Oreal plans to expand the sales of its 3CE cosmetics brand, internationally. The company expects to complete the transaction in two months, after receiving customary regulatory approvals. Some of the other key players operating in the beauty devices market in the U.S. are Nu Skin Enterprises Inc., Panasonic Corporation, Lumenis Ltd., Home Skinovations Ltd., The Procter & Gamble Company, Syneron Medical Ltd., iluminage Beauty Inc., Koninklijke Philips N.V., and Carol Cole Company. Key Topics Covered: Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.4 Key Stakeholders Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Assumptions For The Study Chapter 3. Executive Summary Chapter 4. Introduction 4.1 Definition Of Market Segments 4.1.1 By Type Of Device 4.1.1.1 Hair Removal 4.1.1.2 Cleansing 4.1.1.3 Acne 4.1.1.4 Light/Led Therapy And Photorejuvenation 4.1.1.5 Oxygen And Steamer 4.1.1.6 Hair Growth 4.1.1.7 Dermal Rollers 4.1.1.8 Cellulite Reduction 4.1.1.9 Others 4.1.2 By Usage 4.1.2.1 Salon 4.1.2.2 Spa 4.1.2.3 At-Home 4.1.2.4 Others 4.2 Market Dynamics 4.2.1 Trends 4.2.1.1 Introduction Of Innovative Products 4.2.1.2 Increasing Inclination Of Consumers Towards Easy To Use At-Home Beauty Devices 4.2.2 Drivers 4.2.2.1 Increasing Prevalence Of Skin Diseases And Hair Loss Problems 4.2.2.2 Increasing Geriatric Population 4.2.2.3 Growing Appearance Consciousness And Awareness About Home-Use Beauty Devices 4.2.2.4 Surge In Personal Care Spending 4.2.2.5 Impact Analysis Of Drivers On Market Forecast 4.2.3 Restraints 4.2.3.1 Complications Associated With The Use Of Beauty Devices 4.2.3.2 Availability Of Traditional And Cheaper Beauty Products 4.2.3.3 Impact Analysis Of Restraints On Market Forecast 4.3 Porter's Five Forces Analysis Chapter 5. U.S. Market Size And Forecast 5.1 By Type Of Device 5.2 By Usage Chapter 6. Competitive Landscape 6.1 Product Benchmarking Of Key Players 6.2 Global Strategic Developments Of Key Players 6.2.1 Mergers And Acquisitions 6.2.2 Product Launches 6.2.3 Other Developments Chapter 7. Company Profiles
- Panasonic Corporation
- Lumenis Ltd.
- Nu Skin Enterprises Inc.
- Tria Beauty Inc.
- Home Skinovations Ltd.
- The Procter & Gamble Company
- Koninklijke Philips N.V.
- Mtg Co. Ltd.
- Carol Cole Company
- L'Oreal Sa
- Syneron Medical Ltd.
- Homedics USA Llc
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