Hair Removal Devices Market Dynamics 2021-2031
MARKET OVERVIEW
Hair removal devices are utilized in commercial venues like beauty and dermatology clinics. Laser hair removal is a medical procedure that removes unwanted hair using a concentrated beam of light (laser). A laser emits light that is absorbed by the pigment (melanin) in the hair during laser hair removal. People's interest in non-surgical and non-invasive hair removal techniques has grown as a result of increased physical awareness among consumers. In addition, demand for alternative methods such as manual hair clipping, waxing, and other similar procedures has increased.
MARKET SCOPE
The "Global Hair Removal Devices Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hair removal devices market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading hair removal devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product, the global hair removal devices market is segmented into energy based devices, laser based devices, intense pulse light (IPL), and other devices
- Based on end user, the market is bifurcated into dermatology clinics, beauty clinics, and others
MARKET DYNAMICS
Drivers
- Growth in noninvasive techniques for personal grooming
- Development of novel products
Restraints
- High cost of procedures
REGIONAL FRAMEWORK Mrinal Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hair removal devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hair removal devices market in these regions.
IMPACT OF COVID-19 ON HAIR REMOVAL DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hair removal devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hair removal devices market in these regions.
IMPACT OF COVID-19 ON HAIR REMOVAL DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the hair removal devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hair removal devices market are anticipated to lucrative growth opportunities in the future with the rising demand for hair removal devices in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hair removal devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alma Lasers
- Dermacell Private Limited
- Cosderma
- NC Medical Systems
- Dr. Glow
- Lumenis India Pvt. Ltd. (Lumenis)
- Koninklijke Philips N.V.
- Syska
- Krupa Medi Scan
- LASERBIO OPTOTECH LLP
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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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