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US Medical Aesthetics Market Growth Projections and Opportunities
The global beauty devices market is poised for growth, primarily driven by the rising demand for personalized beauty treatments and a growing awareness of skincare. However, the market faces potential restraints due to side effects associated with certain beauty devices. On the flip side, the introduction of smart beauty devices presents promising opportunities for players within the global beauty devices market.
The market is categorized by product into hair care devices, skincare devices, oral care devices, facial care devices, and others. The key driver for the global beauty devices market is the increasing aging population dealing with various skin-related issues. Aging is often linked to a diminished vascular network in skin layers, resulting in the loss of fibrous tissues and leading to skin problems such as wrinkles, dryness, pigmentation, and sagging. This demographic trend contributes significantly to the adoption of beauty devices. Among the product segments, skincare devices secured the largest market share, contributing USD 10,061.61 million in 2020, while hair care devices are expected to witness the highest Compound Annual Growth Rate (CAGR) of 14.50% from 2021 to 2027.
In terms of end-users, the beauty devices market is divided into homecare settings, beauty clinics, and spas & salons. The homecare settings segment is further segmented into various devices like uplift massaging beauty roller, skin-toning device, facial micro-needling tool, acne treatment device, facial massage and cleansing device, sculpting bar, dermaflash ultrasonic pore extractor, facial steamer, and others. Beauty clinics currently hold the largest market share, contributing USD 10,358.88 million in 2020. Spas & salons are expected to register the highest CAGR of 14.55% from 2021 to 2027.
The growth trajectory of the global beauty devices market is evident in the increasing adoption of skincare and hair care devices, driven by the aging population's desire for effective solutions to address various skin-related concerns. The market dynamics are further influenced by the expanding awareness of skincare routines and the demand for personalized beauty treatments. However, challenges related to potential side effects of certain beauty devices remain a concern. Nonetheless, the advent of smart beauty devices introduces a new dimension of growth opportunities for market players, fostering innovation and catering to the evolving preferences of consumers. As the beauty devices market continues to evolve, the integration of advanced technologies and a focus on addressing specific skincare needs are expected to shape the future landscape of this industry.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 2.5 Billion |
| Market Size Value In 2023 | USD 2.71 Billion |
| Growth Rate | 8.50% (2023-2032) |
US Medical Aesthetics Market Highlights:
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