Global Hair Removal Devices Market: Industry Analysis and Forecast (2020-2026) by Product, Application, End-Users and Region

Global Hair Removal Devices Market size is expected to grow at a CAGR of 14.5% during the forecast period and the market size is expected to reach nearly US$ 3.89 Bn. by 2026.

Global Hair Removal Devices Market Overview:

Hair removal is the process of removing excess hair from a person's body. It is also known as Epilation. Human body hair becomes more visible after puberty. They are removed for a variety of reasons, including fashion, cultural traditions, athletics, military service, and medical.

Global Hair Removal Devices Market Dynamics:

Increasing importance of body appearance and beauty standards is the major factor driving the market growth for Hair removal devices. High demand for laser hair removal treatment and increasing use of such devices at home due to the easy availability of advanced hair removal devices through e-commerce and retail stores are projected to propel the growth of the global hair removal devices market. The rise in disposable income and accessibility of technically progressive products further contribute to the market growth. Laser methods have become more efficient and cost-effective as a result of continuous improvements. As compared to traditional methods, the hair removal process using hair removal devices is painless and takes less time. This factor is anticipated to encourage market growth. In 2016, about 1,035,783 hair removal procedures were performed, states the American Society for Aesthetic Plastic Surgery (ASAPS). Furthermore, the growing preference for non-invasive personal grooming techniques is expected to boost the adoption of various hair removal techniques. The high demand for non-invasive or nonsurgical approaches has resulted from the potential risks associated with invasive procedures for enhancing the aesthetic appeal. Device manufacturers concentrate on creating products that provide long-term relief from hair development. For example, the use of dermal cooling equipment in laser treatments reduces the risk of side effects. The market is expected to be driven by technological advances combined with customer awareness. However, the high cost of laser hair removal devices may hamper the adoption of these devices. Along with this, side effects associated with hair removal devices such as redness, eye injury, skin infection, irritation, change of colour tone, etc. could be serious for people having sensitive skin. This factor may impact negatively on the market growth. The report has profiled nineteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.

Global Hair Removal Devices Market Segment Analysis:

The Global Hair Removal Devices Market is segmented on the basis of product, application and end-users. Based on Product, the Laser-based devices segment dominated the global market in 2019. Throughout the forecast period, this segment is expected to maintain its dominance. This significant market share may be attributed to the devices' widespread acceptance and superior performance compared to other products. Over the forecast years, the segment is projected to rise at a 19% CAGR. Various technological advancements in aesthetic lasers, for example, the mixing of modalities, founded by Quanta Systems in the Thunder MT system is one of the recent innovations in the market, contribute to augmenting the segment growth. High-heat lasers or powerful pulsed lights (IPLs) are used in laser hair removal systems to dissolve hair and temporarily kill hair follicles, preventing them from producing new hairs for up to several weeks. It directs highly focused light through hair follicles, assisting in hair removal from the body. This operation is less painful and aids in the skin’s nutrition. The intense pulse light devices segment is expected to witness lucrative growth during forecast years, due to their increased demand for home use. This technology is considered convenient for use at home. Intense Pulsed Light is a laser alternative that uses selective photothermolysis to remove hair. However, due to their difficulty of the operation and a scarcity of qualified professionals to operate the equipment, these devices have not gained much traction. Based on the Application, the facial hair removal segment held a prominent market share in 2019. The segment is estimated to grow at a CAGR of 7.5% during the forecast period. It is commonly used by facial dressers because of its ability to reshape a face. It includes features such as the upper lips, nose, and brows, among others. The system is used by cosmetologists in salons, which has contributed to market development. As women's physical awareness has grown, they play an increasingly important role in this area. Global Hair Removal Devices Market To know about the Research Methodology :- Request Free Sample Report

Global Hair Removal Devices Market Regional Insights:

 

North America is expected to account for dominant market share during forecast period.

Owing to the availability of technologically advanced products and high awareness regarding physical grooming, the region is expected to dominate the global hair removal devices market. New technologies for hair removal procedures and well-established healthcare infrastructure in this region are anticipated to aid the growth of the hair removal devices market. According to the National Laser Institute, approximately 1.1 million laser hair removal procedures were performed in the US in 2016. In 2019, the region held a market share of 27%. One of the main factors leading to the United States' supremacy is the increased use of laser hair removal technology for fast and successful performance. Hair removal treatments' increasing popularity and the availability of qualified dermatologists in European countries are two factors that are expected to boost regional demand. The report also helps in understanding Global Hair Removal Devices Market dynamics, structure by analyzing the market segments and project the Global Hair Removal Devices Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Hair Removal Devices Market make the report investor’s guide.

Global Hair Removal Devices Market, Key developments:

• Lumenis introduced LightSheer Quattro in the United States in January 2020, which is a clinically proven laser hair removal procedure for all skin types using either 805nm or 1060nm wavelengths with no downtime, as well as the treatment of pigmented and vascular lesions. • In February 2019, Alma Laser introduced a new device Soprano Titanium. It is a system that uses lasers and light. It has a dual connector that allows two applicators to be attached to the platform at the same time. It is currently being performed in the United Kingdom. • Philips launched new epilation 2-in-1 Epilator & Trimmer technology in February 2019 and is optimized for women who want longer-lasting hair removal and cleaner skin, including in the most sensitive areas.

Global Hair Removal Devices Market Scope: Inquire before buying

Global Hair Removal Devices Market 2

Global Hair Removal Devices Market, by Region:

• North America • Europe • South America • MEA • APAC

Global Hair Removal Devices Market, Key Players:

• Solta Medical, Inc. • Cynosure, Inc. • Lumenis • Venus Concept Canada Corp. • Alma Lasers • Lutronic • Cutera • Syneron Medical Ltd. • Sciton, Inc. • Viora • Fotona d.d. • Lynton Lasers Ltd. • Strata Skin Sciences Inc. • Tria Beauty • Veet • CosBeauty • Iskin • SmoothSkin • Iluminage
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hair Removal Devices Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Hair Removal Devices Market 3.4. Geographical Snapshot of the Hair Removal Devices Market, By Manufacturer share 4. Global Hair Removal Devices Market Overview, 2019-2026 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Hair Removal Devices Market 5. Supply Side and Demand Side Indicators 6. Global Hair Removal Devices Market Analysis and Forecast, 2019-2026 6.1. Global Hair Removal Devices Market Size & Y-o-Y Growth Analysis. 7. Global Hair Removal Devices Market Analysis and Forecasts, 2019-2026 7.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 7.1.1. Energy-Based Devices 7.1.2. Laser-Based Devices 7.1.3. Intense Pulse Light (IPL) Devices 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 7.2.1. Facial Hair Removal 7.2.2. Legs 7.2.3. Hands 7.2.4. Others 7.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 7.3.1. Dermatology Clinics 7.3.2. Beauty Clinics 7.3.3. Home Use 7.3.4. Others 8. Global Hair Removal Devices Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2026 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Hair Removal Devices Market Analysis and Forecasts, 2019-2026 9.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 9.1.1. Energy-Based Devices 9.1.2. Laser-Based Devices 9.1.3. Intense Pulse Light (IPL) Devices 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 9.2.1. Facial Hair Removal 9.2.2. Legs 9.2.3. Hands 9.2.4. Others 9.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 9.3.1. Dermatology Clinics 9.3.2. Beauty Clinics 9.3.3. Home Use 9.3.4. Others 10. North America Hair Removal Devices Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Hair Removal Devices Market Analysis and Forecasts, 2019-2026 11.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 11.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 12. Canada Hair Removal Devices Market Analysis and Forecasts, 2019-2026 12.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 12.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 13. Mexico Hair Removal Devices Market Analysis and Forecasts, 2019-2026 13.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 13.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 14. Europe Hair Removal Devices Market Analysis and Forecasts, 2019-2026 14.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 14.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 15. Europe Hair Removal Devices Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Hair Removal Devices Market Analysis and Forecasts, 2019-2026 16.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 16.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 17. France Hair Removal Devices Market Analysis and Forecasts, 2019-2026 17.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 17.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 18. Germany Hair Removal Devices Market Analysis and Forecasts, 2019-2026 18.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 18.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 19. Italy Hair Removal Devices Market Analysis and Forecasts, 2019-2026 19.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 19.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 20. Spain Hair Removal Devices Market Analysis and Forecasts, 2019-2026 20.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 20.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 21. Sweden Hair Removal Devices Market Analysis and Forecasts, 2019-2026 21.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 21.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 22. CIS Countries Hair Removal Devices Market Analysis and Forecasts, 2019-2026 22.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 22.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 23. Rest of Europe Hair Removal Devices Market Analysis and Forecasts, 2019-2026 23.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 23.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 24. Asia Pacific Hair Removal Devices Market Analysis and Forecasts, 2019-2026 24.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 24.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 25. Asia Pacific Hair Removal Devices Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2026 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Hair Removal Devices Market Analysis and Forecasts, 2019-2026 26.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 26.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 27. India Hair Removal Devices Market Analysis and Forecasts, 2019-2026 27.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 27.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 28. Japan Hair Removal Devices Market Analysis and Forecasts, 2019-2026 28.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 28.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 29. South Korea Hair Removal Devices Market Analysis and Forecasts, 2019-2026 29.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 29.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 30. Australia Hair Removal Devices Market Analysis and Forecasts, 2019-2026 30.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 30.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 31. ASEAN Hair Removal Devices Market Analysis and Forecasts, 2019-2026 31.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 31.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 32. Rest of Asia Pacific Hair Removal Devices Market Analysis and Forecasts, 2019-2026 32.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 32.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 33. Middle East Africa Hair Removal Devices Market Analysis and Forecasts, 2019-2026 33.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 33.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 34. Middle East Africa Hair Removal Devices Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Hair Removal Devices Market Analysis and Forecasts, 2019-2026 35.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 35.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 36. GCC Countries Hair Removal Devices Market Analysis and Forecasts, 2019-2026 36.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 36.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 37. Egypt Hair Removal Devices Market Analysis and Forecasts, 2019-2026 37.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 37.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 38. Nigeria Hair Removal Devices Market Analysis and Forecasts, 2019-2026 38.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 38.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 39. Rest of ME&A Hair Removal Devices Market Analysis and Forecasts, 2019-2026 39.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 39.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 40. South America Hair Removal Devices Market Analysis and Forecasts, 2019-2026 40.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 40.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 41. South America Hair Removal Devices Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2026 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Hair Removal Devices Market Analysis and Forecasts, 2019-2026 42.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 42.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 43. Argentina Hair Removal Devices Market Analysis and Forecasts, 2019-2026 43.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 43.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 44. Rest of South America Hair Removal Devices Market Analysis and Forecasts, 2019-2026 44.1. Market Size (Value) Estimates & Forecast By Product, 2019-2026 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2026 44.3. Market Size (Value) Estimates & Forecast By End-Users, 2019-2026 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Hair Removal Devices Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Solta Medical, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Cynosure, Inc. 45.3.3. Lumenis 45.3.4. Venus Concept Canada Corp. 45.3.5. Alma Lasers 45.3.6. Lutronic 45.3.7. Cutera 45.3.8. Syneron Medical Ltd. 45.3.9. Sciton, Inc. 45.3.10. Viora 45.3.11. Fotona d.d. 45.3.12. Lynton Lasers Ltd. 45.3.13. Strata Skin Sciences Inc. 45.3.14. Tria Beauty 45.3.15. Veet 45.3.16. CosBeauty 45.3.17. Iskin 45.3.18. SmoothSkin 45.3.19. Iluminage 46. Primary Key Insights

About This Report

Report ID 98957
Category Medical Devices
Published Date May 2021
Updated Date Nov 2021
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