According to the latest report of the IMARC group, entitled “Australia hair removal market sizeShare, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the Australian hair removal market reached a value of US$806.5 million in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$1,131.8 million. US Dollars by 2027, growing at a CAGR of 5.90% in 2022-2027.
Waxing is an effective method to remove unwanted hair from different parts of the body such as legs, face, chin, back, armpits and bikini lines. The process uses non-surgical and non-invasive methods to remove hair without damaging the surrounding skin. Hair removal is usually done using electronic devices, including lasers, electric epilators, as well as ready-to-use wax strips, which offer an effective and fast technique to get rid of hair. It is gaining prominence among individuals due to fashion, cultural practices, sports, and medical reasons. Therefore, the hair removal process is widely practiced in households, beauty spas and salons, and dermatology clinics.
Australia Hair Removal Market Trends and Drivers:
The Australian hair removal market is primarily driven by the growing awareness regarding maintaining optimum aesthetic beauty. In addition to this, the growing influence of social media and celebrity endorsements for promoting hair removal products is also propelling the demand for hair removal across the country.
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Additionally, rapid urbanization and expanding female labor force are also facilitating the growth of the market. In addition to this, laser hair removal is a commonly used cosmetic procedure as it uses highly concentrated light beams while focusing on hair follicles to destroy hair growth.
Additionally, technological advancements in aesthetic lasers, such as modality blending, founded by Quanta Systems in Thunder MT system, are expected to fuel the growth of the market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the hair removal market in Australia 2022-2027:
The competitive landscape of the market has been studied in the report along with the detailed profiles of key players operating in the market.
Abbvie Inc. (Allergan Inc.), Advanced Clinics Australia, Alma Lasers International, Braun GmbH, Candela Corporation, Koninklijke Philips NV, Lumenis Inc., Results Laser Clinics and Silk Laser Clinics.
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The report has segmented the market based on region, product type, end user, and gender.
Breakdown of the market by type of product:
• Laser hair removal
• Electric hair removal
Breakdown of the market by end user:
• Beauty Clinics
• Dermatology clinics
• home use
Market breakdown by gender:
Market Breakdown by Region:
• Western Australia
• New South Wales
• Rest of Australia
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Main highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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