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Development Market Study of Beauty Devices in the US: Hair Removal Devices to Gain Dominance, Expanding at CAGR of 20.1% During 2014-2020

"Market Study of Beauty Devices in the US: Hair Removal Devices to Gain Dominance, Expanding at CAGR of 20.1% During 2014-2020." The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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The report on beauty devices market in the US, compiled by Persistence Market Research, focuses on the importance of such products for nurturing the skin of consumers. In order to have a striking appearance, consumers in the US continue to purchase beauty devices and cosmetically enhance their skin according to their desires. Since skin is among the most complex organs of the body, protecting it and augmenting its composition for the good urges the US consumers towards beauty devices. While several healthcare products facilitate the safeguarding the derma from bacterial or viral infection, UV ray exposure, and irregular fluctuation in temperatures, personal care products such as beauty devices tend towards the needs of consumers such as reducing the aging transformation or developing better skin for professional purposes. Coupled with proactive and healthy lifestyle, associative medication, and alternative diets, beauty devices continue to dominate the shopping lists of several consumers in the US. 
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The report on the US beauty devices market includes a regional forecast that specifies why North America endures a significant share of the global beauty devices market. Aging population, technological advancements, successful trials and guaranteed results, continue to urge consumers in the US towards opting beauty devices such as anti-aging therapies and hair removal apparatus. While North America continues to dominate the global market for beauty devices, the US is slated to retain its position as the largest beauty devices market in North America. On the other hand, Canada’s geriatric population is increasingly aware about applications of such devices, making it a close competition for the US. 
Factors governing the growth of the US beauty devices market are elucidated in the report. The section mentions how rising prevalence of skin diseases, exposure to harmful/toxic particulates and substances, and increasing occurrences of obesity impact the growth of beauty devices market in the US. The geriatric population in US is also a viable consumer base for such devices, while rising concentration of cellulite in obese consumers is driving the demand for specific set of beauty and cosmetic devices. Dissimilarly, the growth of the market is impeded due to implications caused by extensive or inappropriate use of such beauty devices, and prevalence of cosmetics-related disorders such as contact dermatitis, superficial fungal and bacterial infections, and prolong erythema, among others. Growing availability of ready-to-use beauty products are threatening the adoption of beauty devices and equipment in the US. Hence, newer opportunities are being encompassed in the growth of US beauty devices market as manufacturers of such devices continue to annex their product portfolio with innovative skincare solutions. 
The report is devised with an in-depth analysis and market value estimation of the US beauty devices market for the period of 2014-2020, with 2013 as the base year for calculation. Market drivers, restraints, recent developments, trends, opportunities, absolute $ increment, and other aspects are indexed in the report. The beauty devices market in the US is also segmented on the basis of types of devices such as cleansing, hair growth, hair removal, steamer, rejuvenation, derma roller, cellulite reducer, among others. The market is also fragmented into area of usage of beauty devices such as at home, salon, spa and others. 
Research Methodology 
To deduce the US beauty devices market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by type of beauty devices and the usage area of these beauty devices; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the US beauty devices market. 
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the US beauty devices market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities. 
Another key feature of this report is an analysis of the US beauty devices market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the US beauty devices market. Further, to understand key segments in terms of their growth and overall US beauty devices market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the US beauty devices market.
Some of the major players in the U.S. beauty devices market:
  • L’Oréal Group.
  • Nu Skin Enterprises, Inc.
  • Home Skinovations Ltd.
  • PhotoMedex, Inc.
  • TRIA Beauty, Inc.
  • Koninklijke Philips N.V.
  • Syneron Medical, Ltd.
  • Cynosure, Inc.
  • Procter & Gamble Company.
  • Other.
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