The global Hair removal device market size is anticipated to around USD 3.4 billion by 2026, this market is anticipated to grow with 15.0% CAGR during the forecast time period. The market is driven by Development in beauty awareness predominantly among women has pushed the growth the hair removal device market.
Accessibility of technically progressive products has also played a significant role in optimistically impacting the development of the hair removal devices market. New laser devices emit longer wavelengths of light, allowing them to emphasis only on the melanin present in hair follicles. This eradicates the risk of skin burns. All these factors are anticipated to drive development of the hair removal devices market during the forecasted period.
Increase in awareness about grooming paired with increase in disposable income is the key factors driving the growth of the hair removal device market. Also, with growing inclination towards fashionable and trendy looks is the reason for the growth of the hair removal devices market.
Growing availability of technologically progressive products is expected to boost their effectiveness, and in turn, need in near future. Such as, consistent developments in laser methods have augmented their effectiveness and cost-effectiveness. Side effects and efforts to reduce pain associated with hair removal are on the increase. Device manufacturers’ emphasis on emerging products, which deliver relief from hair development for a longer period of time. Such as, introduction of dermal cooling technology in laser treatment lowers the chances of side effects. Such progressions paired with consumer consciousness is expected to drive the hair removing device market.
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Market By End-user
Market By Geography
North America emerged dominant in 2018, due to accessibility of technologically progressive products and high consciousness concerning physical grooming. Surge in the usage of laser hair removal devices in U.S. for fast and effective results is one of the important factors contributing to the nation’s dominance.Development in popularity of hair removal cures and accessibility of skilled dermatologists in European nations are some of the parameters expected to drive the regional need.
APAC is anticipated to exhibit important development over the forecast timeframe owing to growing disposable income and need for cost-effective hair removal devices. Increasing beauty awareness in emerging nations is also expected to create development opportunities in the unused markets of APAC region.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Hair removal device market are Sciton, Inc., Solta Medical, Inc., Cynosure, Inc., Syneron Medical Ltd., Lumenis, Alma Lasers, Venus Concept Canada Corp., Viora, Lutronic, and Cutera.
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