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What is Major Factors Driving Growth of U.S. Beauty Devices Market?

What is Major Factors Driving Growth of U.S. Beauty Devices Market?

Cadel U.S. BEAUTY DEVICES
Ih, MARKET
PE D4

(fy Maret Size in 2020

| Gb) USD 17.623.1 Million
A A Lo Market Size in 2030

BP USD 99,468.0 Million

€D CAGR 19.6% (2021-2030)

Access Detail of Report: 

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U.S. Beauty Devices Market Size| Industry Outlook, 2030

The U.S. beauty devices market generated around $17,623.1 million revenue in 2020, and it is expected to grow at a CAGR of 19.6% during 2021–2030 according to P&S Intelligence.

https://www.psmarketresearch.com/market-analysis/us-beauty-devices-market

The U.S. beauty devices market reached a value of $17,623.1 million in 2020, and it is predicted to progress at a CAGR of 19.6% from 2021 to 2030 (forecast period). Furthermore, as per the estimates of the market research company, P&S Intelligence, the market will generate a revenue of $99,468.0 million by 2030. The major factors driving the market are the increasing number of product approvals and launches, surging population of geriatric people, early adoption of various advanced technologies, and rising disposable income of people in the country. 

As per the U.S. Bureau of Labor Statistics, the personal disposable income of people in the U.S. rose from $10,036.9 billion in 2006 to $13,968.6 billion in 2016 and it is expected to surge to $21,178.2 billion by 2026. Due to the sharp rise in their disposable income, people are now able to buy beauty devices. Moreover, as per the American Academy of Dermatology (AAD), in the U.S., the acne treatment and prevention sector surpasses $3.0 billion every year. Additionally, the growing prevalence of aches and other conditions is also boosting the demand for beauty devices in the country. 

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