Hair removal devices market to exceed USD 1,934.36 million


hair removal devices market

Hair Removal Devices Market Analysis Overview:

In a recent research report by Market Research Community, the hair removal devices market is expected to exceed USD 1,934.36 million by 2030, from USD 913.00 million in 2021.

The market offers a variety of hair removal devices that are freely available to customers. Customers frequently choose trimmers, razors and epilators among hair removal tools for quick and easy hair removal. The industry now offers a variety of quick and painless hair removal options thanks to technological advancements. Laser hair removal is one of the most popular forms and is becoming increasingly popular in the market. This approach is more efficient and allows a large area of ​​hair to be treated quickly.

Major Key Players of Hair Removal Devices Market:
Solta Medical Inc.; Cynosure Inc.; Lumenis; Venus Concept Canada Corp.; Alma Lasers; Lutronics; Cutera; Syneron Medical Ltd. ; Sciton Inc.; Viora; Panasonic Corporation; Home Skinovations Ltd; Procter & Gamble Company; ilumin Application Beauty Inc.; Koninklijke Philips NV; Dermacell Private Limited; LASERBIO OPTOTECH SENCRL

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Based on the app:
Facial hair removal

The end users covered in this report are:
Beauty clinics
Dermatology clinics
home use

Regional analysis:
North America- (United States, Canada, Mexico)
Europe- (Germany, France, UK, Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia-Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia-Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

Due to their rise in popularity as household gadgets, intense pulsed light devices produced the second highest revenue in 2021. These systems, on the other hand, have a variety of wavelengths which help to diffuse under the patient’s skin. Due to the light they emit, they are considered less efficient than laser technologies. Light thermal energy is another energy-based technology that works on all skin tones. However, despite the advantages linked to bi-energy, they have a low intensity compared to other hair removal technologies; as a result, the market is expected to grow slowly over the next few years.

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The second market share of hair removal devices is held by Europe. The availability of qualified professionals and the growing popularity of hair removal procedures among consumers are responsible for the expansion of the market in this field. Due to the growing awareness of advanced devices and the availability of affordable laser hair removal equipment, Asia-Pacific has witnessed a rapid expansion in the global hair removal device market.

The hair removal devices market is expected to grow at a significant rate to reach a CAGR of around 8.7%, over the forecast period 2022-2030, despite a considerable drop in product sales during the initial phase of the spread of the pandemic and lockdown restrictions imposed globally.

The study is consolidated into major segments and sub-segments, such as by Product (Laser Devices, Intense Pulsed Light Devices, Other Energy Based Devices) by Application (Facial Hair Removal, Legs, Hands, Others), by end-use (beauty clinics, dermatology clinics, home use) to forecast market size by value; also includes analysis of past market dynamics from 2016 to 2021, considering 2021 as the base year.

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The research provides answers to the following key questions:

What is the expected growth rate of the Hair Removal Devices market? What will be the market size for the forecast period, 2022-2030?
What are the main drivers responsible for transforming the trajectory of the industry?
Who are the major vendors dominating the Hair Removal Devices industry across different regions? What are their winning strategies to stay ahead of the competition?
What market trends can business owners rely on in the years to come?
What are the threats and challenges that may limit the progress of the industry in different countries?
What are the major opportunities that business owners can count on for the forecast period, 2022 – 2030?

Our recently published report:

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Market Research Community is the research industry leader providing contextual and data-centric research services to its clients worldwide. The firm assists its clients in developing business policies and achieving sustainable growth in their respective market area.

This press release was published on openPR.


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