Soaring Interest of Consumers in Personal Grooming Flourishing Global Hair Removal Market: Research Estimates CAGR of 9% through 2022

Removal of unwanted body hair has become mandatory according to the norms of modern society. Nowadays, people are more conscious about their appearance, and this beauty consciousness among consumers across the world is driving global hair removal market. Over the forthcoming years, the rising popularity of the at-home hair removal techniques among the younger generation is likely to boost the demand for hair removal solutions extraordinarily, worldwide. Considering these facts, a new study on global demand for hair removal solutions has been publicized to the wide repository of Market Research Hub (MRH), which is titled as “Hair Removal Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. This study offers comprehensive insights and analysis on the global hair removal market, giving readers key insights on the drivers, restraints, opportunities, and threats in this market. Also, the report presents a detailed look at all leading segments present in the market in order to provide readers with a clear picture of the granular structure of the market.

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Today, a wide range of hair removal products and methods are available which are broadly categorized as temporary or permanent methods of hair removal. The research identifies that the rising beauty consciousness among consumers, globally, has fueled the demand for a number of several hair removal products, such as hair removal creams, shaving razors, epilators, and wax and wax strips, shimmering positively on this market. Looking at these factors, analysts anticipate hair removal market to reach a value of US$880.2 mn by 2017. Further, the opportunity in this market is anticipated to witness an upswing at a CAGR of 9.0% between 2017 and 2022 and gain a value of US$1.35 bn by the end of 2022.

In the first part, the study provides comprehensive information about the hair removal market covering its introduction, market size and forecast. The following section of the report also covers regional segmentation which highlights some of the prime regions including North America, Japan, Europe, Latin America, MEA and APEJ. Amongst, North America holds the dominant position in the global market, mainly due to the high popularity of personal grooming among consumers and the high disposable incomes. In addition, the research study also broadly evaluated the hair removal market on the basis of the type of the product, and the end user. Based on the product, the market is classified into laser-based devices, energy-based devices, and intense pulse light (IPL) devices. Presently, IPL devices enjoy a comparatively higher demand than other hair removal products available across the world. The high efficiency of these devices that reflect on the reduced, as well as slowed growth of bodily hair is fueling the adoption of these devices across the world significantly.

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The next section of the study highlights vendor landscape of the market which presents an exact picture about the various players active in this market. The leading players profiled in this research study are Solta Medical Inc., Lumenis Ltd., Cynosure Inc., Lynton Lasers Ltd., Lutronic Corp., Syneron Medical Ltd., Fotona d.d., Strata Skin Sciences Inc., Alma Lasers Ltd., Venus Concept Canada Corp., Sciton Inc., and Cutera Inc. Analysts also finds that key participants are expected to engage in strategic partnerships with distributors across the world in an effort to support their sales and expand globally.

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This release was published on openPR.