2016-01-27 12:05:37

Growth Predicted for U.S. Beauty Devices

2016-01-27 12:05:37

Consumers continue to gravitate to beauty devices in their quest for results and convenience, lending to healthy growth in both salon and at-home markets. According to a report from P&S Market Research, theU.S. beauty devices market was valued at more than $9 million in 2014, and is expected to grow with a CAGR of 19% during the period 2015-2020. Increased usage in the U.S. market is tied to a rise in numbers of an aging population as well as skin diseases, such as acne and psoriasis.
 
Among the types of beauty devices, the Light/LED Therapy and Photorejuvenation devices segment is expected to undergo the fastest growth leading up to 2020. Among the various applications, the salon segment had the largest market size in the U.S. in 2014; however the At Home segment is expected to see the fastest growth, during the period 2015 - 2020.
 
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