Hair Removal Devices Market Research Report – Forecast till 2030

Hair Removal Devices Market Research Report: by Product (Energy-based Devices, Laser Devices (Diode Laser, Nd: YAG Laser, Alexandrite Laser), Intense Pulse Light (IPL) Devices, Others), End-user (Beauty Clinics, Others) - Forecast Till 2030

ID: MRFR/HC/5854-HCR | December 2022 | Region: Global | 130 Pages         

Hair Removal Devices Market

The Hair Removal Devices Market held a market value of USD 1309.09 Million and is projected to grow at a CAGR of 9.80% over the forecast period 2022-2030.

Segmentation

By Product Energy-based Devices Laser Devices Intense Pulse Light (IPL) Devices
By End-user Beauty Clinics

Key Players

  • Sciton Inc
  • Alma Lasers Ltd.
  • Cynosure Inc.
  • Strata Skin Sciences Inc
  • Syneron Medical Ltd.
  • Venus Concept Canada Corp
  • Cutera Inc.
  • Lumenis Ltd
  • Lutronic Corporation
  • Lynton Lasers Ltd

Drivers

  • Rising interest for benefiting a body with no hairs among the young
  • Rising use of serious beat light or IPL gadgets
  • The rising interest for these gadgets has climbed attributable to the exactness
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Hair Removal Devices Market Overview


The Hair Removal Devices Market is projected to reach USD 1309.09 Million by 2030 at 9.80% CAGR during the forecast period 2022-2030.


Hair Removal or epilation is a cycle where the hairs on a person's body are taken out intentionally. Body hairs are taken out for design, social practices, sports, military, clinical reasons, among others. Developing significance about appearance, quickly changing magnificence principles among people, and popularity for laser Hair Removal treatment are driving components for developing the Hair Removal Devices Market. Also, the simple accessibility of cutting-edge Hair Removal Devices through online business and retail locations and expanding utilization of such gadgets at home are expected to fuel the development of the worldwide Market. Nonetheless, the significant expense of Hair Removal Devices and the necessities of different medicines might limit the market development over the estimated time frame. 


As of late, influential organizations are working in the Hair Removal Devices market. The noticeable parts in the market are occupied with vital coordinated efforts and new item dispatches to fortify their Hair Removal Devices Industry position. 


The Global Hair Removal Devices Market report gives a comprehensive market assessment for the figure time frame. The report includes different portions just as an investigation of the patterns and factors assuming a considerable part on the lookout. These components of the Hair Removal Devices Industry elements include the drivers, limitations, openings, and difficulties through which the effect of these elements in the market is illustrated. The drivers and restrictions are inherent variables though opportunities and difficulties are extraneous components of the market. 


Covid-19 analysis 


The excellence and individual consideration industry has seen the destruction in the wake of this pandemic. Nonetheless, the effect of Covid-19 on this Hair Removal Devices Market may not be pretty much as more regrettable as the effects on other markets. Customers have picked to have their consideration apparatuses which incorporate Hair Removal Devices because of the conclusion of salons and excellent facilities. The accessibility of hair expulsion apparatuses on E-Commerce channels has prompted deals of these items in any event during the pandemic. Thus the effect of Covid-19 has been moderate on the worldwide Hair Removal Devices Industry.


Market Dynamics



  • Major Drivers of the Market


Rising interest for benefiting a body with no hairs among the young is the great development factor for the worldwide Hair Removal Devices market. The development is likewise forcefully impacted by the rising interest in hair expulsion items and administrations for women's developing magnificence cognizance. 


The worldwide Hair Removal Devices market's development is also affected by the rising use of serious beat light or IPL gadgets. The rising interest for these gadgets has climbed attributable to the exactness and proficiency they offer to the purchasers in eliminating the hair. Likewise, the raised extra cash of individuals affects the development of the worldwide Hair Removal Devices Industry.



  • Significant Opportunities For The Market


The expanded interests in the innovative work for different advancements in Hair Removal Devices have made possibilities for business development for central members in the worldwide Hair Removal Devices Industry. The endeavors to contact the clients and give them simple to utilize apparatuses have expanded requests for Hair Removal Devices. The central participants can catch the best enduring entryways for advancement by guaranteeing monetary adaptability and enhancements in activities.



  • Market Restraints


Alongside such countless variables to advance the development of the worldwide Hair Removal Devices market, factors, for example, significant expense of super durable hair evacuation systems, can hamper the development of the market dependent to some degree. The developing interest for Hair Removal Devices like razors, epilators, IPLs, and wax strips will help the worldwide market to keep up with its development all through the future period.



  • Cumulative challenges


The major challenges in the Hair Removal Devices market are the side effects due to the removal process. Limitations to the Hair Removal Devices Industry incorporate extreme incidental effects with hair expulsion gadgets that could be significant for people with hypersensitive skin. Some of the normal side effects are redness, eye injury, skin disease, and bothering, crusting, change of shading tone, and so on.



  • Significant market growth


Development in magnificence awareness, especially among ladies, has helped the Hair Removal Devices market. The male populace is additionally pursuing this direction because of the ascent in mindfulness about preparing. This factor is projected to additional fuel the interest. The accessibility of mechanically progressed items has additionally played a significant Segmentation job in emphatically affecting the development of the Hair Removal Devices Industry. New laser gadgets discharge longer frequencies of light, empowering them to zero in just on the melanin present in hair follicles. This kills the danger of skin consumption. These components are relied upon to drive the development of the Hair Removal Devices Industry throughout the years.


Segment Overview



  • By Item Type 


Laser-Based Devices fragment overwhelmed the Hair Removal Devices as far as income in 2020. It is the most well-known utilized sort of Hair Removal Devices. It works with the assistance of high-heat lasers or extraordinary beat lights that break up hair and briefly debilitate hair follicles, so it will not have the option to deliver new hairs for as long as half a month. It radiates exceptionally moved light into hair follicles which helps in eliminating the hairs from the body. This treatment is less excruciating and helps in the sustenance of the skin. 



  • By Application 


The facial Hair Removal portion ruled the Hair Removal Devices market as far as income. It is estimated to develop at a CAGR of 7.66% during the period viable in 2020. It is by and large utilized inferable from its reshaping nature to a face by the facial dressers. It incorporates types like upper lips, brow, eyebrows, and others. The gadget is utilized in salons by beauticians, which has prompted the development of the Hair Removal Devices Industry. 



  • By End Users 


Beauty Clinic fragment ruled the Hair Removal Devices market as far as income in 2020. It gives each kind of innovation usually utilized by the clients like beard growth evacuation, wax, laser medicines, and others that finish up to the development of the Hair Removal Devices Industry. The premium for customers' non-careful and non-intrusive hair evacuation methods has brought about the Hair Removal Devices Industry development. 



  • By Region


North America area held 27.8% of the Hair Removal Devices market as far as income in 2020. New advancements in hair removal techniques in this region will help develop the market. These elements add to the expanded inclination of the customers towards actual preparation and the accessibility of the high-level items. Recently utilized advances were more excruciating when contrasted with the fresher methods in the Hair Removal Devices industry.


Regional Analysis


According to the regional analysis, the Americas is expected to overwhelm the worldwide Hair Removal Devices Industry inferable from the presence of all around created medical services framework and the expanding number of Hair Removal Devices methodology in the US. Europe is expected to hold the second biggest portion of the overall industry in the worldwide Hair Removal Devices market. The market development in this locale is credited to the expanding ubiquity of Hair Removal medicines and the accessibility of gifted experts in the area. Also, the Asia-Pacific district is relied upon to be the quickest developing business sector for hair Removal Devices because of the developing discretionary cash flow and interest for practical Hair Removal Devices.


Competitive Landscape


The major key players of the Hair Removal Devices Market are:-



  • Sciton, Inc

  • Alma Lasers, Ltd.

  • Cynosure, Inc.

  • Strata Skin Sciences, Inc

  • Syneron Medical Ltd.

  • Venus Concept Canada Corp

  • Cutera Inc.

  • Lumenis Ltd

  • Lutronic Corporation

  • Lynton Lasers Ltd

  • Solta Medical Inc.


Recent Developments



  • In October 2018, Lumenis Ltd., the biggest energy-based clinical gadget organization, has declared the dispatch and accessibility of SPLENDOR X, a laser framework furnished with BLEND X innovation for quick hair removal.


Report Overview


The Market of Hair Removal Devices Outlook or overviews are as follows:



  • Market Overview

  • COVID 19 impact on Global Market Analysis

  • Market dynamics

  • Market Value chain analysis 

  • Market Share Overview

  • Regional Analysis as per the Market Forecast

  • Market Competitive Landscape

  • Market Trends Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 1309.09 Million
  CAGR   9.80%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Item Type, Application, End Users And Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sciton, Inc, Alma Lasers, Ltd., Cynosure, Inc., Strata Skin Sciences, Inc, Syneron Medical Ltd., Venus Concept Canada Corp, Cutera Inc., Lumenis Ltd, Lutronic Corporation, Lynton Lasers Ltd, Solta Medical Inc
  Key Market Opportunities   Innovative work for different advancements in Hair Removal Devices
  Key Market Drivers

  • Developing Significance About Appearance
  • Quickly Changing Magnificence Principles Among People
  • Popularity For Laser Hair Removal Treatment


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    Frequently Asked Questions (FAQ) :

    In 2030, the Hair Removal Devices Market was valued at USD 1309.09 Million .

    The projected the Hair Removal Devices Market CAGR is 9.80% for the duration of a forecast period covering 2022-2030.

    The laser devices segment to head the Hair Removal Devices Market.

    The beauty clinics segment would influence the Hair Removal Devices Market the most.

    The Americas would head the Hair Removal Devices Market.