The U.S. skincare devices market is expected to grow at a CAGR of 11.2% during the forecast period with its market size predicted to reach USD 5.1 billion by 2024. The U.S. skincare devices market is primarily driven by factors such as technological advancements, increasing geriatric population, high awareness regarding skincare, and a high prevalence of skin diseases. Laser-based devices, electrosurgical devices, light-based devices, liposuction devices are the major contributor to the skincare devices industry in the region.

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The geriatric population is prone to several skin problems such as acne, wrinkles, aging spots, and hair loss. This leads to an increased demand for treatment and diagnostic skincare devices. 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.

The demand for premium brands of skincare devices is observed to remain high in the U.S. The high disposable income in the U.S. leads to high affordability of the technologically advanced 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 high cost of equipment and some of the side effects associated with the devices are the key challenges faced by the U.S. skincare devices industry. The side effects associated with the devices leads to major concern among consumers, thus, hampering the growth of the market.

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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.

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