Hair Removal Devices Market Size - Growth by 2031
The Hair Removal Devices Market is expected to register a CAGR of 8.6% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Energy Based Devices, Laser Based Devices, Intense Pulse Light (IPL), and Other Devices).The report further presents analysis based on the End User (Dermatology Clinics, Beauty Clinics, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Hair Removal Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Hair Removal Devices Market Segmentation
Product- Energy Based Devices
- Laser Based Devices
- Intense Pulse Light
- Dermatology Clinics
- Beauty Clinics
- Others
Strategic Insights
Hair Removal Devices Market Growth Drivers- Increasing Disposable Income: Growing global disposable income has led to higher consumer spending on aesthetic products. This has led to the development of advanced, affordable, and accessible hair removal treatments for the common population. An increase in purchasing power has led to the adoption of advanced hair removal devices, thereby boosting the market growth.
- Technological Advancements: Technological advancements in hair removal technology, such as portable laser and IPL devices, make hair removal treatments more effective and accessible for consumers. Advanced devices are safe, user-friendly, and offer long-lasting results with minimal discomfort. Furthermore, development of diode lasers, cooling systems, and other devices is expected to drive the market growth.
- Rising Demand for Personal Grooming Devices: Increasing demand on personal grooming and growing importance of physical appearance are the key factors driving the hair removal devices market. Growing awareness among the population from platforms like social media and the fashion industry play significant roles in promoting aesthetic appearance. As a result, both men and women are investing in hair removal solutions, boosting market growth for at-home devices and in-clinic treatments like lasers and intense pulsed light (IPL) systems.
- Development of At-Home Laser and IPL Devices: Increasing preference for at-home treatments, has driven the popularity of at home hair removal devices like laser and IPL systems. Consumers are increasingly looking for at home convenient and cost-effective alternatives to avoid salon visits.
- Increasing Focus on Skin Safety and Inclusivity: There is a growing demand for safe and effective hair removal devices across diverse skin tones and hair types. Recent developments focus on developing technologies, such as diode lasers and Nd:YAG lasers, that offer effective treatment on all skin types, thereby catering to a large customer base.
- Development of Sustainable and Eco-Friendly Devices: Owing to rising environmental concerns, there is a rising demand for production of sustainable and eco-friendly hair removal products. Thus, the manufacturers are using recyclable materials nd producing energy-efficient devices which last for long time. UK-based Pulse Light Clinic uses energy-efficient machines and eco-friendly cooling gels, thereby reducing its overall environmental footprint.
- Growth in Emerging Markets:
Emerging regions in Asia-Pacific, Latin America, and the Middle East hold significant opportunities for hair removal device manufacturers. With urbanization, rising disposable incomes, and growing awareness of personal grooming procedures, these regions create lucrative opportunities for the international market players. - Growing Male Grooming Market:The increasing popularity of aesthetic procedures among the male population presents a growing opportunity for hair removal devices. The development of a product portfolio that caters specifically to men, such as body hair trimmers, laser devices for thicker hair, and others, is likely to create growth opportunities for the market..
- Integration of Smart Technology: Integration of smart technology and AI into hair removal devices can offer personalized treatment settings, enable tracking usage patterns, and offer improved results. Smart devices offer features such as skin tone sensors, adaptive treatment modes, and app connectivity for progress tracking. Thus, integration of smart technology creates opportunities for market players to cater to consumers looking for customized experiences.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hair Removal Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Hair Removal Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The hair removal devices market is estimated to grow with a CAGR of 8.6% from 2023 to 2031
Asia Pacific region is likely to witness fastest growth rate during the forecast period
The cosmetic surgery majorly consists of the players such as Alma Lasers, Venus Concept, Cutera. among others.
Development of at home hair removal devices likely to remain the key trend during the forecast period
The market drivers include rising disposable income and development of advanced products are driving the hair removal devices market
North America dominated the hair removal devices market in 2023
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hair Removal Devices Market - By Product
1.3.2 Hair Removal Devices Market - By End User
1.3.3 Hair Removal Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HAIR REMOVAL DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HAIR REMOVAL DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HAIR REMOVAL DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. HAIR REMOVAL DEVICES - GLOBAL MARKET OVERVIEW
6.2. HAIR REMOVAL DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HAIR REMOVAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. ENERGY BASED DEVICES
7.3.1. Overview
7.3.2. Energy Based Devices Market Forecast and Analysis
7.4. LASER BASED DEVICES
7.4.1. Overview
7.4.2. Laser Based Devices Market Forecast and Analysis
7.5. INTENSE PULSE LIGHT (IPL)
7.5.1. Overview
7.5.2. Intense Pulse Light (IPL) Market Forecast and Analysis
7.6. OTHER DEVICES
7.6.1. Overview
7.6.2. Other Devices Market Forecast and Analysis
8. HAIR REMOVAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. DERMATOLOGY CLINICS
8.3.1. Overview
8.3.2. Dermatology Clinics Market Forecast and Analysis
8.4. BEAUTY CLINICS
8.4.1. Overview
8.4.2. Beauty Clinics Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. HAIR REMOVAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hair Removal Devices Market Overview
9.1.2 North America Hair Removal Devices Market Forecasts and Analysis
9.1.3 North America Hair Removal Devices Market Forecasts and Analysis - By Product
9.1.4 North America Hair Removal Devices Market Forecasts and Analysis - By End User
9.1.5 North America Hair Removal Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hair Removal Devices Market
9.1.5.1.1 United States Hair Removal Devices Market by Product
9.1.5.1.2 United States Hair Removal Devices Market by End User
9.1.5.2 Canada Hair Removal Devices Market
9.1.5.2.1 Canada Hair Removal Devices Market by Product
9.1.5.2.2 Canada Hair Removal Devices Market by End User
9.1.5.3 Mexico Hair Removal Devices Market
9.1.5.3.1 Mexico Hair Removal Devices Market by Product
9.1.5.3.2 Mexico Hair Removal Devices Market by End User
9.2. EUROPE
9.2.1 Europe Hair Removal Devices Market Overview
9.2.2 Europe Hair Removal Devices Market Forecasts and Analysis
9.2.3 Europe Hair Removal Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Hair Removal Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Hair Removal Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hair Removal Devices Market
9.2.5.1.1 Germany Hair Removal Devices Market by Product
9.2.5.1.2 Germany Hair Removal Devices Market by End User
9.2.5.2 France Hair Removal Devices Market
9.2.5.2.1 France Hair Removal Devices Market by Product
9.2.5.2.2 France Hair Removal Devices Market by End User
9.2.5.3 Italy Hair Removal Devices Market
9.2.5.3.1 Italy Hair Removal Devices Market by Product
9.2.5.3.2 Italy Hair Removal Devices Market by End User
9.2.5.4 Spain Hair Removal Devices Market
9.2.5.4.1 Spain Hair Removal Devices Market by Product
9.2.5.4.2 Spain Hair Removal Devices Market by End User
9.2.5.5 United Kingdom Hair Removal Devices Market
9.2.5.5.1 United Kingdom Hair Removal Devices Market by Product
9.2.5.5.2 United Kingdom Hair Removal Devices Market by End User
9.2.5.6 Rest of Europe Hair Removal Devices Market
9.2.5.6.1 Rest of Europe Hair Removal Devices Market by Product
9.2.5.6.2 Rest of Europe Hair Removal Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hair Removal Devices Market Overview
9.3.2 Asia-Pacific Hair Removal Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Hair Removal Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Hair Removal Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Hair Removal Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hair Removal Devices Market
9.3.5.1.1 Australia Hair Removal Devices Market by Product
9.3.5.1.2 Australia Hair Removal Devices Market by End User
9.3.5.2 China Hair Removal Devices Market
9.3.5.2.1 China Hair Removal Devices Market by Product
9.3.5.2.2 China Hair Removal Devices Market by End User
9.3.5.3 India Hair Removal Devices Market
9.3.5.3.1 India Hair Removal Devices Market by Product
9.3.5.3.2 India Hair Removal Devices Market by End User
9.3.5.4 Japan Hair Removal Devices Market
9.3.5.4.1 Japan Hair Removal Devices Market by Product
9.3.5.4.2 Japan Hair Removal Devices Market by End User
9.3.5.5 South Korea Hair Removal Devices Market
9.3.5.5.1 South Korea Hair Removal Devices Market by Product
9.3.5.5.2 South Korea Hair Removal Devices Market by End User
9.3.5.6 Rest of Asia-Pacific Hair Removal Devices Market
9.3.5.6.1 Rest of Asia-Pacific Hair Removal Devices Market by Product
9.3.5.6.2 Rest of Asia-Pacific Hair Removal Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hair Removal Devices Market Overview
9.4.2 Middle East and Africa Hair Removal Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Hair Removal Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Hair Removal Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Hair Removal Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hair Removal Devices Market
9.4.5.1.1 South Africa Hair Removal Devices Market by Product
9.4.5.1.2 South Africa Hair Removal Devices Market by End User
9.4.5.2 Saudi Arabia Hair Removal Devices Market
9.4.5.2.1 Saudi Arabia Hair Removal Devices Market by Product
9.4.5.2.2 Saudi Arabia Hair Removal Devices Market by End User
9.4.5.3 U.A.E Hair Removal Devices Market
9.4.5.3.1 U.A.E Hair Removal Devices Market by Product
9.4.5.3.2 U.A.E Hair Removal Devices Market by End User
9.4.5.4 Rest of Middle East and Africa Hair Removal Devices Market
9.4.5.4.1 Rest of Middle East and Africa Hair Removal Devices Market by Product
9.4.5.4.2 Rest of Middle East and Africa Hair Removal Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hair Removal Devices Market Overview
9.5.2 South and Central America Hair Removal Devices Market Forecasts and Analysis
9.5.3 South and Central America Hair Removal Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Hair Removal Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Hair Removal Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hair Removal Devices Market
9.5.5.1.1 Brazil Hair Removal Devices Market by Product
9.5.5.1.2 Brazil Hair Removal Devices Market by End User
9.5.5.2 Argentina Hair Removal Devices Market
9.5.5.2.1 Argentina Hair Removal Devices Market by Product
9.5.5.2.2 Argentina Hair Removal Devices Market by End User
9.5.5.3 Rest of South and Central America Hair Removal Devices Market
9.5.5.3.1 Rest of South and Central America Hair Removal Devices Market by Product
9.5.5.3.2 Rest of South and Central America Hair Removal Devices Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL HAIR REMOVAL DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. HAIR REMOVAL DEVICES MARKET, KEY COMPANY PROFILES
12.1. ALMA LASERS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. DERMACELL PRIVATE LIMITED
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. COSDERMA
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NC MEDICAL SYSTEMS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DR. GLOW
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. LUMENIS INDIA PVT LTD (LUMENIS)
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. KONINKLIJKE PHILIPS N.V.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SYSKA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. KRUPA MEDI SCAN
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. LASERBIO OPTOTECH LLP
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Alma Lasers
2. Dermacell Private Limited
3. Cosderma
4. NC Medical Systems
5. Dr. Glow
6. Lumenis India Pvt Ltd (Lumenis)
7. Koninklijke Philips N.V.
8. Syska
9. Krupa Medi Scan
10. LASERBIO OPTOTECH LLP
11. Reviera Overseas
12. Cynosure, Inc.
13. Solta Medical, Inc.
14. Venus Concept Canada Corp.
15. Viora
16. Cutera
17. Syneron Medical Ltd.
18. Lutronic
19. Sciton, Inc.
20. Lynton Lasers Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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