Hair Removal Devices Market to Surpass USD 1,934.36 Million by 2030 at 8.7% CAGR
In a recent research report by Market Research Community, the hair removal devices market is expected to surpass USD 1,934.36 Million by the year 2030, from USD 913.00 Million in 2021.
The market has a variety of hair removal devices that are freely accessible to customers. Customers frequently choose trimmers, razors, and epilators among the hair removal tools for quick and simple hair removal. The industry now offers a variety of quick and painless hair removal options due to technological advancements. Laser hair removal is one of the most popular forms and is becoming much more popular on the market. This approach is more efficient and can quickly treat a big area of hair.
Top Key Players of the Hair Removal Devices Market:
Solta Medical Inc.; Cynosure Inc.; Lumenis; Venus Concept Canada Corp.; Alma Lasers; Lutronic; Cutera; Syneron Medical Ltd.; Sciton Inc.; Viora; Panasonic Corporation; Home Skinovations Ltd; Procter & Gamble Company; iluminApplication Beauty Inc.; Koninklijke Philips N.V; Dermacell Private Limited; LASERBIO OPTOTECH LLP
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On the Basis of Application:
Facial Hair Removal
End User Covered in This Report Are:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., 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 the rise in their popularity as household gadgets, intense pulse light devices produced the second-highest income in 2021. These systems, on the other hand, have a variety of wavelengths that help with scattering beneath the patient's skin. As a result of the light they emit, they are viewed as being less efficient than laser technologies. Light heat energy is another energy-based technology that works on all hues of skin. However, despite the benefits connected to dual energy, they have low intensity when compared to other hair removal technologies; as a result, the market is predicted to grow slowly over the next few years.
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The second-largest market share for hair removal devices is held by Europe. The availability of skilled professionals and the growing popularity of hair removal procedures among consumers are responsible for the market expansion in this area. Due to rising awareness of cutting-edge appliances and the availability of affordable laser hair removal equipment, Asia-Pacific has experienced rapid expansion in the global hair removal devices market.
The hair removal devices market is projected to grow at a significant pace reaching a CAGR of approximately 8.7%, over the forecast period of 2022-2030, despite a considerable fall in Product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
The study is consolidated into major segments and further into sub-segments, such as by Product (Laser Devices, Intense Pulse 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 the market size by value; also includes the analysis of past market dynamics from 2016 - 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 major driving forces responsible for transforming the trajectory of the industry?
Who are major vendors dominating the Hair Removal Devices industry across different regions? What are their winning strategies to stay ahead in the competition?
What are the market trends business owners can rely upon in the coming years?
What are the threats and challenges expected to restrict the progress of the industry across different countries?
What are the key opportunities that business owners can bank on for the forecast period, 2022 - 2030?
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