Press release
Global Hair Removal Market Covering Trends, Market Share and Forecast to 2022
MRRSE
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A novel research report by MRRSE states that the global hair removal market is experiencing a high degree of competition between the leading players, including, Cynosure Inc., Solta Medical Inc., Lynton Lasers Ltd., Strata Skin Sciences Inc., Fotona d.d., Syneron Medical Ltd., Venus Concept Canada Corp., Alma Lasers Ltd., Lumenis Ltd., Sciton Inc., Lutronic Corp., and Cutera Inc. Over the next few years, these players are anticipated to focus aggressively on technologically advancing their products in order to improve their profit margins, notes the research study.
According to the research report, the global hair removal market is likely to reach US$880.2 mn by 2017. Expanding at a CAGR of 9.0% over the period from 2017 to 2022 to offer an opportunity of US$1.35 bn by the end of the period of the forecast. Currently, the demand for IPL devices is comparatively higher than other products in this market due to their easy availability. The high efficiency of these devices is also expected to fuel their demand in the coming years.
In terms of the geography, North America has acquired the dominant position among all the regional markets for hair removal and is expected to remain on the top position over the next few years. This dominance can be attributed to the substantially high interest of consumers towards personal grooming and the availability of sufficient disposable incomes among them making them capable of affording highly expensive hair removal products and services. Amongst other regional markets, Europe is expected to register a steady rise in its market for hair removal over the forecast period, reports the study.
Technological Advancements in Products and Services to Boost Growth
“With the increasing focus of consumer towards aesthetic beauty and self-grooming, the market for hair removal has been gaining significant impetus across the world,” says a MRRSE analyst. The augmenting beauty-consciousness among people, worldwide, is fueling the demand for hair removal products and services, which is influencing this market substantially.
Complete List of Tables and Figures @ https://www.mrrse.com/hair-removal-market
Over the coming years, technological advancements in hair removal products and services are likely to boost the growth of this market considerably. The continual increase in purchasing power of consumers, globally, is also expected to reflect positively on the sales of hair removal solutions, states the research report.
High Cost of Permanent Hair Removal Procedures to Hamper Market
Although the future of the global market for hair removal looks bright, it may face hurdles in the coming years due to the high cost associated with the permanent hair removal procedures. The increasing cases of infections and unhygienic usage of hair removal products may hamper the growth of this market over the next few years, report the research study.
This research report consists of an exhaustive executive summary and a market snapshot that provide all the important information about various segments and sub-segments studied within the scope of this research. This section also offers significant information and data regarding the global hair removal market with respect to the leading segments based on the key products available in this market, their end users, and the market’s geographical distribution. The performance of these market segments has been assessed at length on the basis of their utility, efficiency, and sales. Based on the product, the market has been bifurcated into laser based devices, energy based devices, and intense pulse light (IPL) devices. Based on the end user, the market has been classified into beauty clinics and dermatology clinics.
In terms of the region, the market has been segmented into six regions: North America (Canada and the U.S.), Latin America (Argentina, Mexico, and Brazil), the Middle East and Africa (Israel, South Africa, Turkey, and GCC countries), Asia Pacific excluding Japan (India, South Korea, China, Australia, Indonesia, and Singapore), Europe (the U.K., Germany, Italy, Spain, France, and Nordic countries), and Japan. The market revenue for all the segments have been provided here in terms of US$ Mn for the period from 2017 to 2022, together with the cumulative average growth rate (CAGR %) between 2017 and 2022.
Global Hair Removal Market: Competitive Analysis
In conclusion, the market study offers a thorough review of the key players in the global hair removal market on the basis of a number of attributes, such as the overview of the enterprise, with respect to an assessment of its financial status, brand recognition, and the business. The product portfolio, recent developments, and business strategies have also been discussed in this research report. The leading players profiled in this research study are Solta Medical Inc., Cynosure Inc., Lynton Lasers Ltd., Fotona d.d., Strata Skin Sciences Inc., Syneron Medical Ltd., Alma Lasers Ltd., Venus Concept Canada Corp., Lumenis Ltd., Lutronic Corp., Sciton Inc., and Cutera Inc.
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