Global Hair Removal Devices Market: Overview
The popularity of the dermatology clinics and beauty clinics for hair removal procedures have increased lately. Thus the demand for the hair removal devices and treatments are increasing. The increased physical consciousness among the consumers has augmented the interest for non-surgical and non-invasive hair removal procedures. Along with these procedures, the demand for alternative methods such as manual trimming, waxing, and others are also increasing. Thus it is anticipated that in the coming years, the market for hair removal devices will grow at a significant rate.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Hair Removal Devices Market: Growth Factors
The key factor boosting the growth of hair removal devices is the growing physical consciousness among consumers. Other factors contributing to the growth of the market are rise in disposable income and the growing advancements in the hair removal devices. The availability of technologically advanced products has become easy and cost-efficient thus driving the growth of the hair removal devices market. The market players are improving their products by making their products/devices painless and slowing down the process of hair growth for a long duration. The consumers are increasingly adopting the hair removal devices owing to its growing effectiveness. Increased technological advancements in the product result in increased price thus in the emerging countries the market may witness sluggish growth rate.
Global Hair Removal Devices Market: Segmentation
The hair removal devices market is segmented into product type and end-user industry. Based on the product type, the global hair removal devices market is fragmented into intense pulse light devices, laser devices, and other energy-based devices. Laser devices are further divided into Nd: YAG laser, diode laser, and Alexandrite laser. The end-user industries for the hair removal devices market are dermatology clinics, beauty clinics, and home use.
Global Hair Removal Devices Market: Regional Analysis
North America anticipates holding major hair removal devices market shares owing to increased inclination of the consumers towards physical grooming and the availability of the advanced products. In the U.S., increased use of laser hair removal devices for better results is one of the factors contributing to the country’s major contribution in the North American hair removal devices market. European hair removal devices market is also expected to develop at a significant rate owing to the increasing popularity of hair removal treatments among the consumers and the presence of skilled dermatologists. Rapid growth rate is expected in the coming years in the Asia Pacific due to the increase in disposable income and the growing popularity of hair removal devices. Several countries in the Asia Pacific region anticipate opening new growth avenues for the market growth due to increasing awareness among the consumers about cost-effective hair removal devices.
Global Hair Removal Devices Market: Competitive Players
Some of the major players involved in the hair removal devices market include Cutera Inc., Fotona d.d., Lutronic Corp., Sciton Inc., Syneron Medical Ltd., Venus Concept Canada Corp., lma Lasers Ltd., Cynosure Inc., Lumenis Ltd., Lynton Lasers Ltd., Solta Medical Inc., and Strata Skin Sciences Inc.
Global Hair Removal Devices Market: Regional Segment Analysis
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