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Hair Removal Market to Hit USD 4.01 Billion by 2028 | Industry to Generate 12.3% CAGR during (2022-2028)

Hair Removal Market to Hit USD 4.01 Billion by 2028 | Industry

Market Overview:

Global Hair Removal Market was valued at USD 1.78 Billion in 2021 and is projected to reach USD 4.01 Billion by 2028, growing at a CAGR of 12.3% from 2022 to 2028.

Depilation, the deliberate removal of body hair, is another term for hair removal. Hair removal procedures may be used for cultural, religious, sanitary, aesthetic, or medicinal purposes. There are many tools available for hair removal, including lasers, lotions, razors, and others. Due to improvements in hair removal technology, people are increasingly turning to methods like intense pulse light (IPL), laser-based devices, and others. The demand for laser hair removal therapy, changing beauty standards among individuals, and the growing importance placed on appearance are driving factors for the growth of the hair removal market. Additionally, it is projected that the widespread use of such devices at home and the ease with which sophisticated hair removal can be purchased from brick-and-mortar stores and online retailers would propel the growth of the global market.

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Market Dynamics:

Driver:

The growing desire of the younger client generation to have a body free of hair is the primary growth factor for the hair removal devices market. Their confidence is increased and they can look more put together with a hairless body. One of the main factors propelling the growth of the Hair Removal Market is the global trend toward maintaining the best possible aesthetic beauty. The global market for hair removal is expanding as a result of the simple availability of these devices on the market, which offers low costs, immediate hair removal treatments, and no negative side effects.

Opportunities:

The availability of mechanically advanced goods has also had a substantial segmentation impact on the growth of the hair removal industry. Modern laser devices emit longer light frequencies, allowing them to focus solely on the melanin found in hair follicles. The risk of skin consumption is eliminated. Over the years, the growth of the hair removal industry has been supported by these factors.

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Segmentation Analysis Of Hair Removal Market

By Type, Creams are expected to have the maximum market share in the hair removal market, during the projected period. Creams are easily available in the market.

By end-user, beauty clinics are anticipated to grab the maximum market share in the hair removal market, during the forecasted period. Beauty clinics are providing professional services at an affordable price.

By Type
• Cream
• Wax strips
• Electric Devices

By End-User
• Dermatology Clinics
• Beauty Clinics

The Regional Analysis Of Hair Removal Market
The Asia Pacific is a region that is expected to lead the hair removal market during the forecast period. The Asia Pacific region consists of a large young aged population. The countries like China and India are contributing 18.47 % and 17.70 % of the world's population which shows the high consumer base that increases the consumption rate for hair removal products in this region. People are more aware of their looks and appearance; companies also applied strict policies regarding self-grooming making hair removal products popular in this region.

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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Hair Removal Market Are
• Solta Medical (US)
• Lumenis (Israel)
• Cynosure(US)
• Strata Skin Sciences (US)
• Syneron Candela (US)
• Lutronic Aesthetic (US)
• Cutera (US)
• Lynton Lasers (UK)
• Sciton (US)
• Alma Lasers (Israel)
• Venus Concept (Canada)
• Fotona (US), and other major players.

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Key Industry Developments In Hair Removal Market

In January 2022, Potomac Equity Partners acquired Laser MD Medspa; Laser MD Medspa is a leading brand that specializes in hair removal products. Laser MD Medspa's growth prospects and brand recognition are likely to improve after this acquisition and are expected to bring new changes in the services.

In May 2020, Lira Style, a US-based medical device company released a product on "Cervello" a new aesthetics platform. The platform has the devices that allow clinically proven laser hair removal treatment on all skin types, combining 755 Alexandrite, 808 diodes, 1064 long-pulsed, and YAG.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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Introspective Market Research
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Chicago, Illinois
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Ph no: +1 773 382 1049

About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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