Hair Removal Market - In-Depth Insights & Growth Analysis By 2028 | IMR (2024)

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Hair Removal Market - In-Depth Insights & Growth Analysis By 2028 | IMR (3)

Hair Removal Market Size By Type (Cream, Wax, Electric Devices, Others), End-User (Dermatology Clinics, Beauty Clinics), Region- Global Market Analysis And Forecast, 2022-2028
  • Report ID :14703
  • Category :Personal Care
  • No Of Pages :215
  • Published on :June 2022
  • Status : Published
  • Format :

  • Summary
  • Table Of Content
  • Table of Figures
  • Segmentation
  • Request sample

Global Hair Removal Market Overview

GlobalHair Removal Market was valued at USD 1.78 Billion in 2021 and is projected to reach USD 4.01 Billion by 2028, growing at a CAGR of 12.3% from 2022 to 2028.

Hair removal is the process of removing unwanted hair from an individual’s body. The hair removal procedure is known as Epilation. After puberty hair growth in men is high and more visible. Women spend more on hair removal products. Hairs are omitted for a variety of reasons, including fashion, hygiene, cultural traditions, military service, athletics, and medical concerns. Some of the traditional techniques used by people for hair removal are waxing, shaving, and plucking. Development in technology brings advancements in hair removal techniques like laser treatment and external light treatment. Body hairs are removed by using different kinds of tools according to the preferences of individuals. According to this statista, 26.30 million Americans used different types of hair removal products, and 10.72 million out of them used cream hair removal methods in 2020.

Hair Removal Market - In-Depth Insights & Growth Analysis By 2028 | IMR (7)

Market Dynamics And Factors For Hair Removal Market

Drivers:

Growing Awareness about Appearance and Availability of Hair Removal Devices Boosts the Market

Hair removal procedures are growing due to evolving lifestyles. People are more concerned about their looks, appearance, personal hygiene, and cosmetic aesthetics propelling the growth of the global hair removal market. Growing awareness in people regarding their appearance affected positively on hair removal market and there is aggressive demand for hair removal products and services. Significant growth in the business is possible in the upcoming years due to the technical advancements. The market is offering hair removal devices that remove hairs without causing pain and takes less time than traditional hair removal methods. This advancement helps in the removal of hair easily and conveniently and does not cause damage to the skin, and hair roots, gives instantly beautiful skin. It helps people to flaunt their silky smooth skin this people are using hair removal products on large scale to maintain the beauty standards that are expected to drive the global hair removal market in the forecasted period.

Restraints:

For Permanent Hair Removal, High Cost Is Required

The hair removal market is projected to expand steadily by increasing awareness among people about different hair removal techniques. However, some factors, such as the high cost of permanent hair removal procedures, hamper the market's expansion. People are focusing more on looks, hygiene, and appearance and to maintain aesthetic beauty standards they staidly use different hair removal products, it propelling the market for hair removal, the permanent solution for hair removal is laser treatment and external light treatment which remove the constant efforts and time required for hair removal. However, it is costly but removes hair permanently without any pain.

Opportunity:

Opportunity in Advanced Devices and Laser Treatments

The growing customer demand for hair removal incidences is likely to provide lucrative opportunities for the hair removal market in the upcoming decades. Hair removal products are used by both men and women, indicating that this product has a huge market base. People demand effective and less time-consuming hair removal methods. People are using hair removal products such as electric razors, IPL devices, and trimmers to remove unwanted hair on a huge scale. The major players, for instance, have introduced Silk'n Infinity, Philips Lumea 9000, Braun Silk-expert Pro 5 PL5014, and Tria Hair Removal Laser 4X. As a result, such innovation in the hair removal market has a huge potential in the coming years. Furthermore, the majority of people prefer for professional hair removal using the most technologically advanced machine available. For instance, SKIN SCIENCE CLINIC launched Soprano Titanium, the world's most advanced laser hair removal technology. The FDA-approved Soprano Titanium laser hair removal equipment provides longer-lasting hair removal, saves time, and is cost-effective which is expected to offer a profitable opportunity for hair removal market growth throughout the forecast period.

Segmentation Analysis Of Hair Removal Market

By Type, Creams are expected to have the maximum market share in the hair removal market, during the projected period. Creams are easily available in the market. Many companies provide hair removal cream in different forms and price ranges that gives a lot of flexibility to the customer. It is the simplest, easy, effective, and cheap way to remove hairs. This product allows individuals to remove unwanted hair at home, there is no need for beauty clinics or salons to remove hairs which boosts the market for hair removal cream. Creams can eliminate hair quickly so it is more preferred by the consumer than other hair removal product. It gives silky smooth skin with a pleasant fragrance that expected to boost the hair removal market during the forecast period

By end-user, beauty clinics are anticipated to grab the maximum market share in the hair removal market, during the forecasted period. Beauty clinics are providing professional services at an affordable price range that’s why people are more attracted to words beauty clinics. Beauty clinics provide different types of hair removal treatments like waxing, plugging, and advanced methods for hair removal like laser treatments under one roof. Availability of beauty clinics compared to dermatological clinics is high so people have more knowledge and are aware of attractive services offered by beauty clinics all these factors propelling the demand for beauty clinics to remove unwanted hairs from body parts.

The Regional Analysis Of Hair Removal Market

The Asia Pacific is a region that is expected to lead the hair removal market during the forecast period. The Asia Pacific region consists of a large young aged population. The countries like China and India are contributing 18.47 % and 17.70 % of the world’s population which shows the high consumer base that increases the consumption rate for hair removal products in this region. People are more aware of their looks and appearance; companies also applied strict policies regarding self-grooming making hair removal products popular in this region. Service providers are offering customized servicers at clinics and also at home at an affordable cost allowing expansion of the hair removal market in the Asia Pacific region.

North America is expected to grow with a significant growth rate in the hair removal market in the forecast period. People in North America have high disposable income allows people to spend more on personal care, and grooming products which shows the increasing consumption of hair removal products in this region. The growth in the customer service sector such as beauty salons, clinics, dermatology clinics, and laser treatments provides huge growth to the hair removal market in this region. The temporary but effective, and cost-friendly hair removal products like a razor, creams, and wax strips are popular and people are spending more on this kind of product in the North American region propels the growth of the hair removal market in this region.

The European region is expected to lead the hair removal market during the forecast period. The market is growing in the European region due to the high spending on aesthetics, and the increasing number of IPL service providers in recent years. IPL is Intense Pulsed Light technology. IPL hair removal devices apply very gentle pulses of light to the hair root and help to remove the hair. The adoption of IPL technology for hair removal is giving high revenue to the hair removal market and also helps to fuel the growth of the hair removal market in the European region during the projected period.

Covid-19 Impact Analysis On Hair Removal Market

COVID-19 had done adverse impact on the hair removal market. Owing to the Coronavirus pandemic, the hair removal market faced a bump in its growth. The market was negatively affected by COVID-19. Due to the sudden COVID-19 pandemic, the government restricts people from going outside for offices, work, functions, and parties for safety purposes. People are spending more time at home that coroners the self-grooming need that impacted the hair removal market. Since the COVID-19 virus outbreak in December 2019, the disease had spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and had roughly affect the market in 2020. Covid-19 has impacted the market dynamics, competition, and global supply chain. Beauty clinics and dermatological clinics are closed which affects the revenues, which have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition. A decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of hair removal market manufacturers and vendors. However, the negative impact of COVID-19 is expected on the hair removal market to be compensated over the medium to long term future. Now things are changing offices are reopened and the service sector is also boosting that propelling the growth of the Hair removal market that helps to get the response like before the pandemic.

Top Key Players Covered In Hair Removal Market Are

  • Solta Medical (US)
  • Lumenis (Israel)
  • Cynosure(US)
  • Strata Skin Sciences (US)
  • Syneron Candela (US)
  • Lutronic Aesthetic (US)
  • Cutera (US)
  • Lynton Lasers (UK)
  • Sciton (US)
  • Alma Lasers (Israel)
  • Venus Concept (Canada)
  • Fotona (US), and other major players.

Key Industry Developments In Hair Removal Market

In January 2022, Potomac Equity Partners acquired Laser MD Medspa; Laser MD Medspa is a leading brand that specializes in hair removal products. Laser MD Medspa's growth prospects and brand recognition are likely to improve after this acquisition and are expected to bring new changes in the services.

In May 2020, Lira Style, a US-based medical device company released a product on “Cervello” a new aesthetics platform. The platform has the devices that allow clinically proven laser hair removal treatment on all skin types, combining 755 Alexandrite, 808 diodes, 1064 long-pulsed, and YAG.

Global Hair Removal Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 1780 Mn.

Forecast Period 2022-28 CAGR:

12.3%

Market Size in 2028:

USD 4010 Mn.

Segments Covered:

By Type

  • Cream
  • Wax strips
  • Electric Devices

By End-User

  • Dermatology Clinics
  • Beauty Clinics

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Awareness about Appearance and Availability of Hair Removal Devices Boosts the Market

Key Market Restraints:

  • For Permanent Hair Removal, High Cost Is Required

Key Opportunities:

  • Rising Demands for Advanced Devices and Treatments

Companies Covered in the report:

  • Solta Medical (US), Lumenis (Israel), Cynosure (US), Strata Skin Sciences (US), Syneron Candela (US) and other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Hair Removal Market by Type
 5.1 Hair Removal Market Overview Snapshot and Growth Engine
 5.2 Hair Removal Market Overview
 5.3 Cream
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Cream: Grographic Segmentation
 5.4 Wax
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Wax: Grographic Segmentation
 5.5 Electric Devices
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Electric Devices: Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation

Chapter 6: Hair Removal Market by End-User
 6.1 Hair Removal Market Overview Snapshot and Growth Engine
 6.2 Hair Removal Market Overview
 6.3 Dermatology Clinics
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Dermatology Clinics: Grographic Segmentation
 6.4 Beauty Clinics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Beauty Clinics: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Hair Removal Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Hair Removal Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Hair Removal Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 SOLTA MEDICAL
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 LUMENIS
 7.4 CYNOSURE
 7.5 STRATA SKIN SCIENCES
 7.6 SYNERON CANDELA
 7.7 LUTRONIC AESTHETIC
 7.8 CUTERA
 7.9 LYNTON LASERS
 7.10 SCITON
 7.11 ALMA LASERS
 7.12 VENUS CONCEPT
 7.13 FOTONA
 7.14 OTHER MAJOR PLAYERS

Chapter 8: Global Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Cream
  8.2.2 Wax
  8.2.3 Electric Devices
  8.2.4 Others
 8.3 Historic and Forecasted Market Size By End-User
  8.3.1 Dermatology Clinics
  8.3.2 Beauty Clinics

Chapter 9: North America Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Cream
  9.4.2 Wax
  9.4.3 Electric Devices
  9.4.4 Others
 9.5 Historic and Forecasted Market Size By End-User
  9.5.1 Dermatology Clinics
  9.5.2 Beauty Clinics
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Cream
  10.4.2 Wax
  10.4.3 Electric Devices
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By End-User
  10.5.1 Dermatology Clinics
  10.5.2 Beauty Clinics
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Cream
  11.4.2 Wax
  11.4.3 Electric Devices
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By End-User
  11.5.1 Dermatology Clinics
  11.5.2 Beauty Clinics
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Cream
  12.4.2 Wax
  12.4.3 Electric Devices
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By End-User
  12.5.1 Dermatology Clinics
  12.5.2 Beauty Clinics
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Hair Removal Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Cream
  13.4.2 Wax
  13.4.3 Electric Devices
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By End-User
  13.5.1 Dermatology Clinics
  13.5.2 Beauty Clinics
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Hair Removal Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data :

2016 to 2020

Market Size in 2021:

USD 1780 Mn.

Forecast Period 2022-28 CAGR:

12.3%

Market Size in 2028:

USD 4010 Mn.

Segments Covered:

By Type

  • Cream
  • Wax strips
  • Electric Devices

By End-User

  • Dermatology Clinics
  • Beauty Clinics

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Awareness about Appearance and Availability of Hair Removal Devices Boosts the Market

Key Market Restraints:

  • For Permanent Hair Removal, High Cost Is Required

Key Opportunities:

  • Rising Demands for Advanced Devices and Treatments

Companies Covered in the report:

  • Solta Medical (US), Lumenis (Israel), Cynosure (US), Strata Skin Sciences (US), Syneron Candela (US) and other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HAIR REMOVAL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HAIR REMOVAL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HAIR REMOVAL MARKET COMPETITIVE RIVALRY
TABLE 005. HAIR REMOVAL MARKET THREAT OF NEW ENTRANTS
TABLE 006. HAIR REMOVAL MARKET THREAT OF SUBSTITUTES
TABLE 007. HAIR REMOVAL MARKET BY TYPE
TABLE 008. CREAM MARKET OVERVIEW (2016-2028)
TABLE 009. WAX MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC DEVICES MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. HAIR REMOVAL MARKET BY END-USER
TABLE 013. DERMATOLOGY CLINICS MARKET OVERVIEW (2016-2028)
TABLE 014. BEAUTY CLINICS MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA HAIR REMOVAL MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA HAIR REMOVAL MARKET, BY END-USER (2016-2028)
TABLE 017. N HAIR REMOVAL MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE HAIR REMOVAL MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE HAIR REMOVAL MARKET, BY END-USER (2016-2028)
TABLE 020. HAIR REMOVAL MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC HAIR REMOVAL MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC HAIR REMOVAL MARKET, BY END-USER (2016-2028)
TABLE 023. HAIR REMOVAL MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA HAIR REMOVAL MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA HAIR REMOVAL MARKET, BY END-USER (2016-2028)
TABLE 026. HAIR REMOVAL MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA HAIR REMOVAL MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA HAIR REMOVAL MARKET, BY END-USER (2016-2028)
TABLE 029. HAIR REMOVAL MARKET, BY COUNTRY (2016-2028)
TABLE 030. SOLTA MEDICAL: SNAPSHOT
TABLE 031. SOLTA MEDICAL: BUSINESS PERFORMANCE
TABLE 032. SOLTA MEDICAL: PRODUCT PORTFOLIO
TABLE 033. SOLTA MEDICAL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. LUMENIS: SNAPSHOT
TABLE 034. LUMENIS: BUSINESS PERFORMANCE
TABLE 035. LUMENIS: PRODUCT PORTFOLIO
TABLE 036. LUMENIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. CYNOSURE: SNAPSHOT
TABLE 037. CYNOSURE: BUSINESS PERFORMANCE
TABLE 038. CYNOSURE: PRODUCT PORTFOLIO
TABLE 039. CYNOSURE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. STRATA SKIN SCIENCES: SNAPSHOT
TABLE 040. STRATA SKIN SCIENCES: BUSINESS PERFORMANCE
TABLE 041. STRATA SKIN SCIENCES: PRODUCT PORTFOLIO
TABLE 042. STRATA SKIN SCIENCES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. SYNERON CANDELA: SNAPSHOT
TABLE 043. SYNERON CANDELA: BUSINESS PERFORMANCE
TABLE 044. SYNERON CANDELA: PRODUCT PORTFOLIO
TABLE 045. SYNERON CANDELA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. LUTRONIC AESTHETIC: SNAPSHOT
TABLE 046. LUTRONIC AESTHETIC: BUSINESS PERFORMANCE
TABLE 047. LUTRONIC AESTHETIC: PRODUCT PORTFOLIO
TABLE 048. LUTRONIC AESTHETIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. CUTERA: SNAPSHOT
TABLE 049. CUTERA: BUSINESS PERFORMANCE
TABLE 050. CUTERA: PRODUCT PORTFOLIO
TABLE 051. CUTERA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. LYNTON LASERS: SNAPSHOT
TABLE 052. LYNTON LASERS: BUSINESS PERFORMANCE
TABLE 053. LYNTON LASERS: PRODUCT PORTFOLIO
TABLE 054. LYNTON LASERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. SCITON: SNAPSHOT
TABLE 055. SCITON: BUSINESS PERFORMANCE
TABLE 056. SCITON: PRODUCT PORTFOLIO
TABLE 057. SCITON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. ALMA LASERS: SNAPSHOT
TABLE 058. ALMA LASERS: BUSINESS PERFORMANCE
TABLE 059. ALMA LASERS: PRODUCT PORTFOLIO
TABLE 060. ALMA LASERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. VENUS CONCEPT: SNAPSHOT
TABLE 061. VENUS CONCEPT: BUSINESS PERFORMANCE
TABLE 062. VENUS CONCEPT: PRODUCT PORTFOLIO
TABLE 063. VENUS CONCEPT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. FOTONA: SNAPSHOT
TABLE 064. FOTONA: BUSINESS PERFORMANCE
TABLE 065. FOTONA: PRODUCT PORTFOLIO
TABLE 066. FOTONA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 067. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 068. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 069. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HAIR REMOVAL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HAIR REMOVAL MARKET OVERVIEW BY TYPE
FIGURE 012. CREAM MARKET OVERVIEW (2016-2028)
FIGURE 013. WAX MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC DEVICES MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. HAIR REMOVAL MARKET OVERVIEW BY END-USER
FIGURE 017. DERMATOLOGY CLINICS MARKET OVERVIEW (2016-2028)
FIGURE 018. BEAUTY CLINICS MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA HAIR REMOVAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE HAIR REMOVAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC HAIR REMOVAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA HAIR REMOVAL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA HAIR REMOVAL MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

The forecast period in the Hair Removal market research report is 2022-2028.

Who are the key players in Hair Removal Market?

Solta Medical (US), Lumenis (Israel), Cynosure (US), Strata Skin Sciences (US), Syneron Candela (US), Lutronic Aesthetic (US), Cutera (US), Lynton Lasers (UK), Sciton (US), Alma Lasers (Israel), Venus Concept (Canada) Fotona (US), and other major players.

What are the segments of Hair Removal market?

The Hair Removal market is segmented into type, end-user, and region. By Type the market is categorized into Cream, Wax strips, Electric Devices. By End-user, the market is categorized into Dermatology Clinics and Beauty Clinics. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.).

What is the Hair Removal market?

Hair removal is the process of removing unwanted hair from an individual’s body. Hairs are omitted for a variety of reasons, including fashion, hygiene, cultural traditions, military service, athletics, and medical concerns.

How big is the Hair Removal market?

The Hair Removal Market was valued at USD 1.78 Billion in 2021 and is projected to reach USD 4.01 Billion by 2028, growing at a CAGR of 12.3% from 2022 to 2028.

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FAQs

Hair Removal Market - In-Depth Insights & Growth Analysis By 2028 | IMR? ›

The global Hair Removal Products market size was valued at USD 1912.65 million in 2022 and is expected to expand at a CAGR of 5.82 percentage during the forecast period, reaching USD 2686.3 million by 2028.

What is the market size of the hair removal industry? ›

Hair Removal Market size was valued at around USD 1.14 billion in 2022 and is estimated to reach USD 1.89 billion by the end of 2032 attributed to the increasing self-care and personal grooming awareness, influence of social media and influencers, Shift in male grooming habits.

What is the market for hair removal products? ›

The global hair Removal Products market was valued at USD 4100 million in the year 2022 and is estimated to reach 4940 million by 2029, with a growing CAGR of 4.9% in the forecast period 2023-2029. The swelling trend from hair removal and beauty products is driving the market growth of hair removal products.

What is the success rate of laser hair removal? ›

You can expect a 10% to 25% reduction in hair after the first treatment. To remove the hair, most patients need 2 to 6 laser treatments. After finishing the treatments, most patients do not see any hair on the treated skin for several months or even years. When the hair regrows, there tends to be less of it.

How much is the laser hair removal industry worth? ›

The global Laser Hair Removal market size was valued at USD 1697.54 million in 2022 and is expected to expand at a CAGR of 17.95% during the forecast period, reaching USD 4571.81 million by 2028. Some of Top Key Players in Laser Hair Removal market are: Apax Partners (Syneron Candela)

How much money does the hair removal industry make? ›

According to the source, the value of the global hair removal devices market amounted to 1.02 billion U.S. dollars in 2020 and is forecasted to rise to about 1.89 billion U.S. dollars by 2031.

Is hair removal business profitable? ›

Establishing and operating a laser hair removal business can be a profitable and fulfilling venture. Understanding the industry, assessing the economics, and effectively managing factors that impact profitability are essential steps to ensure success.

What is the only FDA approved hair removal? ›

Electrolysis: Still the only FDA approved method of permanent hair removal.

What is the number one hair removal device? ›

nood The Flasher 2.0

At its best, a top-notch laser hair removal device zaps away hair swiftly and efficiently, but this one also makes the process as painless and easy as possible. Additionally, its lightweight feel, intuitive set-up, and ergonomic design send it straight to the top of this list.

What is the FDA approved hair removal method? ›

Is electrolysis permanent? Yes, electrolysis safely and permanently removes hair from all skin tones. It is the only FDA-approved permanent hair removal treatment. Because electrolysis permanently destroys the growth cells in the hair follicles, the hair will not grow back.

Is electrolysis or laser better? ›

Electrolysis is considered a more permanent solution than laser hair removal (it stops hair growth completely while laser hair removal slows and reduces hair growth), but it requires more individual sessions (closer to 14), and the sessions can take longer. You might not see full results for nearly 18 months.

Does electrolysis remove hair permanently? ›

Yes. Unlike other hair removal methods that offer a temporary solution, Electrolysis is permanent and is the only FDA approved method of permanent hair removal.

Which laser hair removal device is best? ›

The Best Laser Hair Removal Machine: Candela Gentle Max Pro
  • It can treat all skin tones and hair colors, including light, fine, or gray hair, unlike most IPL or diode devices.
  • It can deliver faster and more powerful treatments, with larger spot sizes and higher fluences, than most IPL or diode devices.

How profitable is a laser hair removal business? ›

The Profit Potential of Laser Hair Removal in the USA

The average cost of a laser hair removal treatment in the USA is around $200 per session, with clients typically requiring 6-8 sessions. This means that a single client can generate between $1,200 and $1,600 in revenue for your business.

Why is laser hair removal so expensive in the US? ›

These factors include the cost of maintenance and repair for the machines, the cost of training and certification for technicians who operate them, and the overhead costs associated with running a medical spa or clinic.

What is the future of laser hair removal? ›

In 2024, laser hair removal technology continues to evolve, offering patients safer, more effective, and convenient solutions for unwanted hair. From advanced wavelengths and AI-driven treatment planning to portable at-home devices, the future of laser hair removal is brighter than ever.

How much is the hair loss industry worth? ›

The global hair loss treatment products market was valued at USD 190.89 million in 2022. It is projected to reach USD 303.84 million by 2031, growing at a CAGR of 5.30% during the forecast period (2023-2031).

How big is the laser hair removal industry? ›

The U.S. laser hair removal market size was worth USD 271 million in 2022 and is projected to grow at a CAGR of 16.9% during the forecast period. Laser hair removal offers precision, speed, and predictability to patients undergoing unwanted hair removal treatment.

How big is the women's shaving market? ›

The global women's razor market size was valued at USD 3.97 billion in 2022 and is expected to reach USD 5.28 billion by 2028, growing at a CAGR of 4.85% from 2022-2028.

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