Market 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.
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.
Competitive Landscape:
The hair
removal devices companies 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.
Segmentation: An in-depth
examination by MRFR of the global hair removal devices market reveals a
detailed segmentation based on product types and end-users. These segments are
influenced by various factors, contributing to insights generation and the
formulation of improved marketing strategies.
- Product
Segmentation: The global market for hair removal devices can be
categorized into laser devices, intense pulse light (IPL) devices,
energy-based devices, and others. Within the laser devices segment,
variations include Nd: YAG laser, diode laser, and alexandrite laser.
Laser devices accounted for the largest market share in 2017, experiencing
increased traction due to widespread acceptance and superior performance
compared to other devices.
- End-User
Segmentation: The global report on hair removal devices market encompasses
various end-user categories including beauty clinics, home use,
dermatology clinics, and others. Beauty clinics dominated the market share
in 2017, primarily driven by a sizable female customer base.
Regional Analysis: The Americas
are projected to witness significant growth in the hair removal devices market
in the forthcoming years. This growth is attributed to factors such as high
investment capacity, improved disposable income standards, and the continual
launch of innovative products. The United States and Canada exhibit
particularly strong performance. In Europe, growth is anticipated, fueled by
increased sales in France, Germany, Italy, Spain, and the UK. The Asia Pacific
region, including China, India, Japan, and South Korea, is expected to drive
market traction.
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