The U.S. skincare devices market is expected to grow at a CAGR of 11.2% during the forecast period with its market size is predicted to reach USD 5.1 billion by 2024. The technological advancements, high awareness regarding skincare, high prevalence of skin diseases, high healthcare expenditure, high disposable income, and increasing geriatric population are the primary growth drivers for the U.S. skincare devices market. Additionally, surge in the investment for the portable devices has led to the market penetration for home use skincare devices in the country.
The high disposable income in the U.S. leads to the adoption of premium brands of skincare devices in the country. For instance, as per the World Bank data, the GDP per capita of the U.S. was USD 37,273.6 in 2001, which increased to USD 59,531.7 in 2017. The increase in geriatric population further fuels the demand for these devices as older people are more prone to diseases disorders and require skin treatments. For instance, 47.8 million people were aged 65 or above in the U.S. in July 2015, representing 14.9% of its total population. Also, the population of people aged 65 and older in the U.S. is projected to reach 98.2 million in 2060.
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Among different treatment types, the skincare devices market is categorized into treatment devices and diagnostic devices. Treatment devices hold larger share as compared to the diagnostic devices and contribute larger revenue for market players. Skincare treatment devices market is categorized into laser-based devices, electrosurgical devices, light-based devices, liposuction devices, microdermabrasion, cryotherapy devices, and others. Of all these devices, laser devices market is predicted to observe the highest growth during the forecast period.
Diagnostic skincare devices market is further segmented into biopsy devices, dermatoscopes, image-guided systems, and others. Of all these diagnostic devices, image-guided systems market is anticipated to observe the highest CAGR during the forecast period.
On the basis of the distribution channel, the skincare devices market is segmented into direct channels and indirect channels. Skincare devices are more sold through indirect channels as compared to direct channels; however, with the increasing internet penetration market players are also leveraging the benefits of direct channels.
Based on application, the U.S. skincare devices market is segmented into hair removal, skin rejuvenation, diseases diagnosis and treatment, cellulite reduction, skin tightening & body contouring, others. The highest growth for skincare devices is predicted to be observed for skin tightening and body contouring application.
Based on end users, the skincare devices is segmented into dermatology clinics, spas and salons, hospitals, and others. Among all end users, the spas and salons are expected to witness the fastest growth in demand for the skincare devices in the U.S. With the technological advancements, and high awareness among consumers, the demand for these devise in spas and salon is anticipated to grow significantly in the coming years.
Some of the players operating in the U.S. skincare devices industry are Michelson Diagnostic Ltd., Lumenis Ltd., Merz Pharma GmbH & Co. KGaA, Alma Lasers Ltd., PhotoMedex Inc., Hologic Inc., Bausch Health., Galderma SA, Syneron Medical Ltd., and Panasonic Corporation.
U.S. Skincare Devices Market Coverage
Type Insight and Forecast 2014-2024
Distribution Channel Insight and Forecast 2014-2024
Application Insight and Forecast 2014-2024
End-User Insight and Forecast 2014-2024