Overview:
The Hair
Removal Devices Market Size exhibiting a compound
annual growth rate (CAGR) of 9.8% during the forecast period (2023 - 2032). The
hair removal devices market has experienced a significant surge in demand,
driven by advancements in technology and evolving consumer preferences. Among
the array of options available, hair removal laser treatment and home laser
hair removal systems have emerged as key players, catering to individuals
seeking efficient and convenient solutions. These devices offer a blend of
efficacy, convenience, and versatility, making them popular choices for both
professional treatments and at-home use.
Competitive Landscape:
The global hair removal devices market players growth can benefit
substantially from various companies like
Sciton, Inc,
Alma Lasers, Ltd.,
Syneron Medical Ltd.,
Cutera Inc.,
Cynosure, Inc.,
Lynton Lasers Ltd,
Solta Medical Inc.,
Strata Skin Sciences, Inc.,
Lumenis Ltd,
Lutronic Corporation, and
Venus Concept Canada Corp.
These companies have done research works and have set their own
growth policies to establish a strong outcome for themselves. The global market
is slated to benefit from their mergers, acquisitions, collaborations, hike in
research activities, better investment in research and development projects,
and others are expected to steer the market towards innovations. MRFR recorded
these recent moves to get their hands on various prospects in the coming days.
Hair
removal laser treatment has revolutionized the
way individuals approach hair removal, offering long-lasting results compared
to traditional methods like shaving or waxing. Utilizing advanced laser
technology, these treatments target hair follicles, impairing their ability to
regrow hair over time. With the increasing demand for precise and permanent
hair removal solutions, hair removal laser treatments have witnessed a surge in
popularity among consumers seeking effective and lasting results. Additionally,
advancements in laser technology have led to the development of devices that
are safer and more comfortable, further driving the growth of this segment
within the market.
Segmentation:
MRFR’s analysis of the global hair removal devices market leads to
an in-depth segmentation of product and end-user. These segments have multiple
inputs from various factors that help in gaining insights and developing better
marketing strategies.
- By products, the global
market for hair removal devices can be segmented into laser devices,
intense pulse light (IPL) devices, energy-based devices, and others. The
laser devices segment includes Nd: YAG laser, diode laser, and alexandrite
laser. The laser devices segment had the maximum market share in 2017 and
it is getting more traction from wider acceptance of the devices. The
product is also performing better than other devices.
- By end-users, the global
report on the hair removal devices market comprises beauty clinics, home
use, dermatology clinics, and others. The beauty clinics segment had the
largest market share in 2017 owing to its huge women customer base.
Regional Analysis:
The Americas is expected to make huge profit in the coming years
in the hair removal devices market. This is primarily due to the high
investment capacity, better disposable income standards, increasing launch of
innovative products, and others. The US and Canada are performing better. In
Europe, this growth would be backed by the growing sale in France, Germany,
Italy, Spain, and the UK. In Asia Pacific, China, India, Japan, and South Korea
are expected to boost the market traction.
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