Overview:

The Hair Removal Devices Market Size exhibiting a compound annual growth rate (CAGR) of 9.8% during the forecast period (2023 - 2032). The hair removal devices market has experienced a significant surge in demand, driven by advancements in technology and evolving consumer preferences. Among the array of options available, hair removal laser treatment and home laser hair removal systems have emerged as key players, catering to individuals seeking efficient and convenient solutions. These devices offer a blend of efficacy, convenience, and versatility, making them popular choices for both professional treatments and at-home use.

Competitive Landscape:

The global hair removal devices market players growth can benefit substantially from various companies like

Sciton, Inc,

Alma Lasers, Ltd.,

Syneron Medical Ltd.,

Cutera Inc.,

Cynosure, Inc.,

Lynton Lasers Ltd,

Solta Medical Inc.,

Strata Skin Sciences, Inc.,

Lumenis Ltd,

Lutronic Corporation, and

Venus Concept Canada Corp.

These companies have done research works and have set their own growth policies to establish a strong outcome for themselves. The global market is slated to benefit from their mergers, acquisitions, collaborations, hike in research activities, better investment in research and development projects, and others are expected to steer the market towards innovations. MRFR recorded these recent moves to get their hands on various prospects in the coming days.

Hair removal laser treatment has revolutionized the way individuals approach hair removal, offering long-lasting results compared to traditional methods like shaving or waxing. Utilizing advanced laser technology, these treatments target hair follicles, impairing their ability to regrow hair over time. With the increasing demand for precise and permanent hair removal solutions, hair removal laser treatments have witnessed a surge in popularity among consumers seeking effective and lasting results. Additionally, advancements in laser technology have led to the development of devices that are safer and more comfortable, further driving the growth of this segment within the market.

Segmentation:

MRFR’s analysis of the global hair removal devices market leads to an in-depth segmentation of product and end-user. These segments have multiple inputs from various factors that help in gaining insights and developing better marketing strategies.

• By products, the global market for hair removal devices can be segmented into laser devices, intense pulse light (IPL) devices, energy-based devices, and others. The laser devices segment includes Nd: YAG laser, diode laser, and alexandrite laser. The laser devices segment had the maximum market share in 2017 and it is getting more traction from wider acceptance of the devices. The product is also performing better than other devices.
• By end-users, the global report on the hair removal devices market comprises beauty clinics, home use, dermatology clinics, and others. The beauty clinics segment had the largest market share in 2017 owing to its huge women customer base.

Regional Analysis:

The Americas is expected to make huge profit in the coming years in the hair removal devices market. This is primarily due to the high investment capacity, better disposable income standards, increasing launch of innovative products, and others. The US and Canada are performing better. In Europe, this growth would be backed by the growing sale in France, Germany, Italy, Spain, and the UK. In Asia Pacific, China, India, Japan, and South Korea are expected to boost the market traction. 

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