The
hair removal devices market involves the manufacturing and distribution of
various types of hair removal products such as IPL devices, laser systems, and
other options that help eliminate unwanted hair from different parts of the
body. These devices use techniques such as intense pulsed light (IPL), laser
treatments, and others to effectively destroy hair follicles and reduce hair
regrowth over time. IPL hair removal products are considered more affordable
and safer options compared to laser treatments. They deliver pulses of light to
target follicles and disrupt the hair growth cycle. On the other hand, laser
treatments use specific laser wavelengths to break up melanin in the hair
follicle, eliminating the root cause of hair growth.
The Global hair removal devices market
is estimated to be valued at US$ 1200 Mn in 2021 and is expected to exhibit a
CAGR of 9.9% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the hair removal devices market are Alma Lasers
Ltd, Cutera Inc., Cynosure Inc., Fotona d.d, Lumenis Ltd, Lutronic Corp.,
Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Strata Skin Sciences Inc.,
Syneron Medical Ltd., and Venus Concept Canada Corp.
Hair
Removal Devices Market Growth has
been increasing over the years due to the rising preference for non-invasive
and long-lasting hair removal treatments among consumers. Factors such as the
growing emphasis on physical appearance and aesthetic looks are driving more
people to opt for permanent hair reduction.
Technological advancements are also fueling the hair removal devices market.
Manufacturers are focusing on developing innovative products with improved
features such as variable pulse durations, effective cooling systems,
integrated skin sensors, and wireless capabilities. Advanced devices allow
customized hair removal services for different skin types and hair colors.
Market Trends
1) Increased Adoption of At-Home Devices
– The demand for affordable, safe, and convenient at-home IPL and laser
hair removal devices is growing significantly. Major players are launching more
portable and easy-to-use home-use equipment.
2) Combination Devices – Hair
Removal Devices Market Size and Trends are developing multi-purpose
devices that offer both hair removal and skin treatment benefits like photo
rejuvenation in a single system. These combination machines are gaining
traction in the market.
Market Opportunities
1) Emerging Markets – Several emerging countries are still in the nascent
stage of hair removal device adoption, offering huge growth potential for
market players. Increased awareness programs can drive further market expansion.
2) Male Consumers – While the market
has traditionally focused on female users, there is a rising demand from male
clients as well for body hair reduction. Tailored products and marketing
strategies should be developed to target this consumer base.
Impact of COVID-19 on Hair Removal Devices Market
The COVID-19 pandemic has significantly impacted the growth of the hair removal
devices market. During the lockdown phases imposed globally, salons and beauty
parlors were shut down to curb the spread of the virus. This restricted the
availability of laser hair removal services provided at these centers. With
rising health concerns, consumers avoided visiting such places for hair removal
procedures in the initial months of the pandemic. As a result, the demand from
the professional sector witnessed a steep decline in 2020.
However, as restrictions eased in late 2020 and 2021, professional services
started resuming gradually. Also, to meet the growing need of consumers,
manufacturers started focusing on developing advanced at-home hair removal
devices. This helped drive the demand from the consumer/retail sector and
supported market recovery. Various companies launched new marketing campaigns
and offered promotional discounts during this period to attract customers. With
rising awareness about hydraulic hair removal procedures, the adoption of
advanced devices is expected to increase in the coming years. Manufacturers are
anticipated to launch more affordable and user-friendly solutions to further
boost the market in the post-COVID period.
Regional Concentration
In terms of value, North America currently leads the hair removal devices
market and is expected to remain the most significant revenue generator during
the forecast period. The Asia Pacific region is projected to witness the
fastest growth due to the large consumer base, rising disposable income,
growing focus of key players, and increasing awareness about advanced hair
removal procedures in countries such as China and India.
Fastest Growing Region
The Asia Pacific region holds immense growth potential for the hair removal
devices market and is anticipated to be the fastest growing regional market
between 2024 to 2031. Factors such as the increasing middle-class population,
rising beauty consciousness, growing number of laser hair removal clinics and
spas, and improving healthcare infrastructure are driving the demand in the
region. Also, several international brands are entering emerging Asian countries
and developing affordable devices, which is increasing product accessibility in
the region. This will continue supporting market expansion at a rapid pace in
Asia Pacific.
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About Author:
Vaagisha
brings over three years of expertise as a content editor in the market
research domain. Originally a creative writer, she discovered her passion for
editing, combining her flair for writing with a meticulous eye for detail. Her
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