The North America beauty devices market is expected to reach US$ 37,948.50 Mn in 2027 from US$ 13,697.43 Mn in 2019. The market is estimated to grow with a CAGR of 13.9% from 2019-2027.
The growth of the Beauty Devices Market is driven by factors such as the changing consumer psyche towards beauty and wellness, and increasing prevalence of age-related skin issues in the North America region. Whereas, undesirable side effects of beauty devices likely to have a negative impact on the growth of the market in the coming years.
Beauty devices are made and sold for the purpose of enhancing the physical attractiveness of users. These devices come in handy and are very useful for the cosmetic usage area including skin related issues, such as acne, wrinkles and scars usage areas among others. The market for beauty device is expected to witness huge growth due to changing consumer psyche towards beauty and wellness and increasing prevalence of age-related skin issues.
Age-related skin issues, such as pigmentation, wrinkles, creases, and acne, as well as burn scars due to accidents are extremely common among masses. According to the American Academy of Dermatology Association, acne is the most common skin condition in the US, affecting about 50 million Americans annually. Approximately 85% of people between the ages of 12 and 24 experience the onset of minor acne. The costs associated with the treatment and lost productivity among those who sought medical care for acne exceeded US$ 1.2 billion, and more than 5.1 million people had sought medical treatment for acne, primarily children and young adults, in 2013.
Moreover, one in 10 people develop atopic dermatitis during their lifetime, and it affects up to 25% of children and 2–3% of adults. Furthermore, over a quarter (28%) of women under 25 even admit that they regularly worry about their signs of aging, and this number has increased to 42% for those aged 25–34 and 54% for those aged 35–44. In addition, the poll of 2,000 women across the US, conducted by Dermstore, found that the young women have started using products to reduce the signs of aging much sooner than older women.
Population aged 30–65 years is estimated to grow at a faster and is likely to increase the number of target consumers with signs of aging, such as lack of skin elasticity, wrinkles, and dark spots. Moreover, according to World Health Organization (WHO), from 2015 to 2030, the number of people aged 60 years or over is projected to grow by 56% in average, i.e., from 901 million to 1.4 billion. The surge in the geriatric population is playing a pivotal role in the growth of the beauty devices market as aging causes loss of fibrous tissue and reduced vascular and glandular network in the layers of the skin. Therefore, expecting rise in the factors such as increase in skin diseases, the demand for beauty devices is expected to increase during the forecast period.
The increasing use of beauty devices in medical treatment cases in North America is expected to drive beauty devices market the growing medical devices industry in the country create a lucrative opportunity and the presence of an established market for beauty devices.
EUROPE BEAUTY DEVICES – MARKET SEGMENTATION
North America Beauty Devices Market - By Device Type
North America Beauty Devices Market - By Usage Area
North America Beauty Devices Market - By Distribution Channel
North America Beauty Devices Market - By Country
North America Beauty Devices Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 13,697.43 Million |
| Market Size by 2027 | US$ 37,948.50 Million |
| CAGR (2019 - 2027) | 13.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Beauty Devices Market is valued at US$ 13,697.43 Million in 2019, it is projected to reach US$ 37,948.50 Million by 2027.
As per our report North America Beauty Devices Market, the market size is valued at US$ 13,697.43 Million in 2019, projecting it to reach US$ 37,948.50 Million by 2027. This translates to a CAGR of approximately 13.9% during the forecast period.
The North America Beauty Devices Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Beauty Devices Market report:
The North America Beauty Devices Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Beauty Devices Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Beauty Devices Market value chain can benefit from the information contained in a comprehensive market report.
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