Global Hair Removal Device Market Overview
The hair removal device market size is projected to grow from US$ 1.0 Billion in 2019 to US$ 2.4 Billion by 2029.
Hair removal device is equipment which is used for removal of unwanted hairs from the body. Hair removal process can be referred as epilation that is removal of hair from the root. Hairs are removed for various reasons such as fashion, cultural practices, sports, military, and medical reasons. Various methods are used for removal of hairs such as shaving, waxing, plucking, laser technology, and intense light technology.
Increasing inclination of individuals towards removal of unwanted hair for beauty purpose is a major factor driving growth of the global hair removal market. In addition, growing use of hair removal devices in dermatology clinics and beauty clinics is factor expected to propel growth of the target market over the forecast period. Furthermore, rising adoption of technological advanced hair removal devices across the globe is factor expected to promote growth of the global hair removal device market in the near future. However, cost-efficiency of hair removal devices is factor restraining growth of the target market.
Global hair removal device market has been segmented into product type, end-user, and region. On the basis of product type, the target market is segmented into energy based devices, laser based devices, and intense pulse light devices. On the basis of end-user the global hair removal device market is bifurcated into dermatology clinics and beauty clinics.
On the basis of region, the global hair removal device market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing beauty consciousness among individuals in the countries of the region. Also, the market in Europe is expected to account for second-highest revenue share in the global market. This is due to increasing popularity of hair removal treatments and availability of skilled dermatologists in the countries of the region. Moreover, the market in Asia Pacific is projected to witness significant growth over the forecast period.
Key players operating in the global hair removal device market includes Alma Lasers, Ltd., Cutera, Inc., Cynosure, Inc., Fotona d.d, Lumenis Ltd., Lutronic Corporation, lynton lasers ltd, Sciton, Inc.., Solta Medical, Inc., Syneron Medical Ltd., Strata Skin Sciences Inc., and Venus Concept Canada Corp.
FAQs
Hair removal device market has been segmented into product type, end-user, and region.
The hair removal device market is driven by rising beauty consciousness, advancements in painless technology, the popularity of at-home treatments, social media influence, and broader gender acceptance. Increased disposable incomes and the availability of diverse devices also contribute to market growth.
The report typically considers regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the hair removal device market due to high consumer awareness, advanced technology adoption, and a strong preference for at-home beauty treatments. Additionally, the region benefits from higher disposable incomes and a robust beauty and personal care industry.
Key players operating in the global hair removal device market includes Alma Lasers, Ltd., Cutera, Inc., Cynosure, Inc., Fotona d.d, Lumenis Ltd., Lutronic Corporation, lynton lasers ltd, Sciton, Inc.., Solta Medical, Inc., Syneron Medical Ltd., Strata Skin Sciences Inc., and Venus Concept Canada Corp.