Hair Removal Devices Market Size & Share Analysis - Industry Research Report - Growth Trends (2024)

The Hair Removal Devices Market is segmented by Product Type (Laser Devices, Intense Pulse Light Devices, and Other Energy-Based Devices), End-User (Dermatology Clinics, Beauty and Skin Care Centers, and Other End-Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report offers the value (in USD million) for the above segments.

Hair Removal Devices Market Analysis

The hair removal devices market is expected to register a CAGR of 9.8% over the forecast period.

The COVID-19 pandemic had a substantial impact on the hair removal devices market initially. The strict lockdowns and government regulations intended to impede the spread of COVID-19 resulted in a decrease in demand for products across aesthetic segments. However, the sales of home-use hair removal devices observed a significant increase during the pandemic. For instance, a cross-sectional survey conducted to evaluate the practices related to the use of light-based home-use hair removal devices was published in January 2022 in the International Journal of Trichology (Hair Research Society of India), and the results of the survey showed a significant rise in adoption of light-based home-use hair removal devices among the population during the outbreak. Thus, the COVID-19 outbreak affected the market's growth notably in its preliminary phase; however, the market is expected to gain traction during the post-pandemic period due to the significant increase in demand for hair removal devices globally.

Factors such as the rise in the availability of advanced products, increasing awareness about enhancing aesthetic appeal, and the rise in disposable income levels and spending on personal care products are among the major factors driving the growth of the studied market. Additionally, the increasing adoption of hair removal procedures is also expected to contribute to the growth of the market. For instance, in the report published by the Aesthetic Society published in 2022, the number of hair removal procedures performed among females in the United States was 423,861 in 2021, and among males was 26,430. Therefore, the adoption of hair removal procedures is poised to accelerate the growth of the hair removal devices market globally and is expected to increase in the future.

In addition, advanced product launches and strategic activities by major players, and rising product approvals in the market are positively affecting the growth of the studied market. For instance, in March 2022, Cynosure, entered into a distribution partnership with Jeisys Medical KK in Japan. Under the terms of the agreement, Jeisys Medical will have exclusive distribution rights for key premier products within Cynosure's energy-based laser portfolio, including hair removal devices in Japan. Also, in May 2021, Philips launched the Lumea Series 9000, its fastest and most efficient intense pulse light hair removal solution for home use. Thus, owing to the product launches and partnerships, the studied market is expected to have significant growth over the forecast period.

However, the inflated cost of hair removal devices is likely to impede the market's growth.

Hair Removal Devices Market Trends

This section covers the major market trends shaping the Hair Removal Devices Market according to our research experts:

Laser Devices Segment is Expected to Witness Significant Growth Over the Forecast Period

North America is Expected to Hold Significant Share in the Hair Removal Devices Market Over the Forecast Period

Hair Removal Devices Industry Overview

The hair removal devices market is fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies that hold the market share and are well known, including Procter & Gamble (Barun), Venus Concept, Lumenis Be Ltd., Lutronic Inc, Lynton Lasers Ltd, Sciton, Candela Medical, Cutera, Cynosure, Tria Beauty, and Viora, among others.

Hair Removal Devices Market Leaders

1. Procter & Gamble (Barun)

2. Lumenis Be Ltd.

3. Venus Concept

4. Cutera

5. Cynosure

*Disclaimer: Major Players sorted in no particular order

Hair Removal Devices Market Report - Table of Contents

1. 1. INTRODUCTION

   1. 1.1 Study Assumptions and Market Definition

   2. 1.2 Scope of the Study

2. 2. RESEARCH METHODOLOGY

3. 3. EXECUTIVE SUMMARY

4. 4. MARKET DYNAMICS

   1. 4.1 Market Overview

   2. 4.2 Market Drivers

      1. 4.2.1 Advent of Innovative and Technologically Advanced Hair Removal Devices

      2. 4.2.2 Rise in Disposable Income Levels and Spending on Personal Care Products

   3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Hair Removal Devices

   4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

   1. 5.1 By Product Type

      1. 5.1.1 Laser Devices

         See Also

         Hair Removal Wax Market share, Size | Industry Growth 2021-2031

      2. 5.1.2 Intense Pulse Light Devices

      3. 5.1.3 Other Energy-Based Devices

   2. 5.2 By End User

      1. 5.2.1 Dermatology Clinics

      2. 5.2.2 Beauty and Skin Care Centers

      3. 5.2.3 Other End Users

   3. 5.3 Geography

      1. 5.3.1 North America

         1. 5.3.1.1 United States

         2. 5.3.1.2 Canada

         3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

         1. 5.3.2.1 Germany

         2. 5.3.2.2 United Kingdom

         3. 5.3.2.3 France

         4. 5.3.2.4 Italy

         5. 5.3.2.5 Spain

         6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

         1. 5.3.3.1 China

         2. 5.3.3.2 Japan

         3. 5.3.3.3 India

         4. 5.3.3.4 Australia

         5. 5.3.3.5 South Korea

         6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

         1. 5.3.4.1 GCC

         2. 5.3.4.2 South Africa

         3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

         1. 5.3.5.1 Brazil

         2. 5.3.5.2 Argentina

         3. 5.3.5.3 Rest of South America

6. 6. COMPETITIVE LANDSCAPE

   1. 6.1 Company Profiles

      1. 6.1.1 Procter & Gamble

      2. 6.1.2 Venus Concept

      3. 6.1.3 Lumenis Be Ltd.

      4. 6.1.4 Lutronic Inc

      5. 6.1.5 Lynton Lasers Ltd

      6. 6.1.6 Sciton

      7. 6.1.7 Candela Medical

      8. 6.1.8 Cutera

      9. 6.1.9 Cynosure

      10. 6.1.10 Viora

      11. 6.1.11 Solta Medical, Inc

      12. 6.1.12 Dermacell Private Limited

   2. *List Not Exhaustive

7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

Hair Removal Devices Industry Segmentation

As per the scope of the report, hair removal is known as epilation or depilation, where the body hair, head hair, or facial hair is removed deliberately. Hair removal devices are used to permanently or temporarily remove hair from the head, face, or body. The Hair Removal Devices Market is segmented by Product Type (Laser Devices, Intense Pulse Light Devices, and Other Energy-Based Devices), End-User (Dermatology Clinics, Beauty and Skin Care Centers, and Other End-Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

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Hair Removal Devices Industry Report

Statistics for the 2024 Hair Removal Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hair Removal Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

• Hair Removal Devices Market Size
• Hair Removal Devices Market Share
• Hair Removal Devices Market Trends
• Hair Removal Devices Companies

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