The global Hair Removal Devices market is anticipated to increase at a 8.6% CAGR to reach value USD 2.1 billion in 2030
The hair removal devices market trend is set high with the robustness and longer durability of these devices along with increased number of metrosexual men. Men who participate in sport activities that include wrestling, professional body building, swimming, cycling and athletics are more inclined towards these treatments which will further propel the global hair removal devices market growth.
Benefits of using these machines is proving wide aesthetic services such as anti-ageing skin rejuvenation treatment, skin treatment along with hair removal, for different body surfaces with a single machine. Besides that, factors like robustness and high ROI, backed by multi-service offerings of these machines is anticipated to increase global hair removal devices market growth over the forecast period.
North America produces highest revenue and have remarkable hair removal devices market share, which will continue in the forecast period too. With the higher demand for laser hair removal and light based products among individuals has propelled the market growth in this region. Additionally, higher number of customers participate in skin treatments like hair removal from dermatologists have led to the lucrative market growth.
In terms of hair removal devices type, the global market has classification which includes cleansing, acne, hair removal, light/LED therapy and photorejuvenation, hair growth, dermal rollers, oxygen and steamer, cellulite reduction, and other devices. Hair removal devices market is foretell to reach $xx.x billion by 2023, registering a CAGR of xx.x%. This is attributed to the availability of user friendly, innovative and compact hair removal devices and hormonal disorders resulting in abnormal hair growth in the body.
Based on applications, the global hair removal devices market has been categorized into at-home, salon, spa and others. The market is expected to experience the highest growth with the at-home segment. Globally, these beauty devices comes with ease of availability and less expertise needed for their use results in escalated hair removal devices market share.
L’Oréal Group caters its skin care devices to the customers with the brand name Clarisonic; the company provides varied categories of products with this brand name, like Clarisonic Mia 2, Clarisonic Mia 1 and Clarisonic Mia 3. However, L’Oréal’s hair care device services are lesser in number as compared to its skin care devices. When product offerings emphasized, Philips stands at top rank in the market, offering products for skincare, hair removal and hair care. Philips offers both hair care and skin care devices, like pro straighteners, hair dryers, epilators and IPL hair removal devices for hassle-free hair removal.
Lumenis Ltd. offers a wide range of devices for aesthetic treatments, which include acne-scars-treatment, ablative-skin-resurfacing, blepharoplasty, rosacea, scar revision, laser hair removal, pigmentation, skin-toning, tattoo removal, non-ablative skin resurfacing, vascular leg vein and photorejuvenation. Some of its effective products are LightSheer DESIRE which is a new generation of laser hair reduction system, M22, ResurFX, LightSheer INFINITY and LightSheer Duet.
Some of the leading international players setting the hair removal devices market trends are Lumenis Ltd, Panasonic Corporation,Home Skinovations Ltd, Syneron Medical Ltd, the Procter & Gamble Company, iluminage Beauty Inc., Carol Cole Company and Koninklijke Philips N.V.
Botulinum Toxin Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||USD 2.1 billion|
|Growth Rate||CAGR of 8.6% during 2021-2030|
|Segment Covered||End-Users, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||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; iluminage Beauty Inc.; Koninklijke Philips N.V; Dermacell Private Limited; LASERBIO OPTOTECH LLP|
Key segments of ‘Global Hair Removal Devices Market’
Based on product, the market has been segmented into,
- Energy-based Devices
- Laser-based Devices
- IPL Devices
Based on end-user, the market has been segmented into,
- Dermatology Clinics
- Beauty Clinics
Based on region, the market has been segmented into,
- North America
- Rest of Europe
- Rest of APEJ
- Middle East and Africa (MEA)
- GCC Countries
- South Africa
- Latin America
- Rest of Latin America