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Jul 21, 2020 4:23 PM ET

Hair Removal Devices Market is Estimated to Grow at a CAGR of 8.81% During the Forecast Period 2020–2025


Hair Removal Devices

iCrowd Newswire - Jul 21, 2020

The global Hair Removal Devices Market is estimated to grow at a CAGR of 8.81% during the forecast period 2020–2025. The market is projected to grow from $1,080.4m in 2019 to $1,791.3m by 2025. Hair removal is a process through which hair from an individual’s body is removed with intent. To get over with the issue of the growth of unwanted hair, there are plenty of hair removal devices available in the market today like laser beam light, it beams highly concentrated light into hair follicles. Hair color and skin type influence the laser hair removal process. Pigment in the follicles absorb the light which destroys the hair. Methods involved in the removal of hair includes waxing, sugaring, epilation devices, lasers, threading and others. People’s physical consciousness about non-surgical procedures gained interest in this market.

Product Type – Segment Analysis

In 2019, Laser Based Devices segment dominated the hair removal devices market in terms of revenue. It is the most common used type of Hair Removal Devices. It works with the help of high-heat lasers or intense pulsed lights (IPLs) that dissolve hair and temporarily disable hair follicles so that it won’t be able to produce new hairs for up to several weeks. It beams highly concentrated light into hair follicles which helps in removing the hairs from the body. This treatment is less painful and helps in the nourishment of the skin.

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Application – Segment Analysis

In 2019, Facial Hair Removal segment dominated the hair removal devices market in terms of revenue. It is forecast to grow at a CAGR of 7.66% during the period under consideration. It is generally used owing to its reshaping nature to a face by the facial dressers. It includes type like upper lips, forehead, eyebrows and others. The device is used in salons by cosmetologists which has led to the growth of the market. Women in this field play a major role as physical consciousness among them has increased. The growth in this field is high owing to its low price which helps the customer to use it frequently and makes the skin attractive.

End Users – Segment Analysis

In 2019, Beauty Clinic segment dominated the hair removal devices market in terms of revenue. It provides every type of technology which is commonly used by the customers like facial hair removal, wax, laser treatments and others which conclude to the growth of the market. The interest for non-surgical and non-invasive hair removal procedures among the consumers has resulted in the growth of the Hair Removal Devices Market.

Geography – Segment Analysis

In 2019, North America region held 27.8% of the hair removal devices market in terms of revenue. New technologies for hair removal procedures in this region is anticipated to aid the growth of hair removal devices market. These factors contributes to increased preference of the consumers towards physical grooming and the availability of the advanced products. Previously used technologies were more painful as compared to the newer techniques in the hair removal industry.

Drivers – Hair Removal Devices Market

Growing Physical Grooming Consciousness

Increasing importance about appearance and rapidly changing beauty standards among individuals are major factors anticipated to boost the demand of various hair removal devices and drives the growth of the market.

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Challenges – Hair Removal Devices Market

Side Effects

Restraints to the Hair Removal Devices market includes over excessive side effects with hair removal devices that could be serious for sensitive skin persons. Redness, eye injury, skin infection, irritation, crusting, change of colour tone, etc. are some of the common side effects.

Hair Removal Devices industry outlook

Product Launches along is the key strategy of the players in the Hair Removal Devices Industry. Hair Removal Devices top 10 companies include Philips, Cynosure Inc., LUMENIS, Venus Concept Canada Corp, Syneron Medical Ltd, Alma Lasers Ltd, Lutronic, Cutera, Inc, Viora.

Product Launches

In February 2019, Alma laser launched a new device Soprano Titanium. It is a laser and light based devices. It features a dual connector, enabling two different applicators to be connected to the platform at all times. Currently it is performed in UK.

In January 2020, Lumenis launched, LightSheer Quattro in US and is clinically proved laser hair removal treatments for all skin types with either 805nm or 1060nm wavelengths with no down time as well as treatment of pigmented and vascular lesions.

In February 2019, Philips latest epilation 2-in-1 Epilator & Trimmer technology is designed for women who want longer lasting hair removal and smoother skin, even in the most sensitive areas.

Key Takeaways

The expansion of cost-effective hair removal devices which are applicable for individual use with all types of skin tones is predictable to play great role in the market.

The increase in the new advancements in the techniques of hair removal in the clinics gained a growing popularity among the people has led the growth of hair removal devices market.

Hair removal products is gaining significant popularity among men, which in turn, is set to drive the global market in the next few years.

Europe region is estimated to record the fastest growth rate during the forecast period 2020-2025.

Related Reports:

https://www.industryarc.com/Research/Laser-Hair-Removal-Market-Research-508580

https://www.industryarc.com/Report/15640/medical-aesthetics-market.html

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