Global Hair Removal Devices Market (2022 to 2027) – Growth, Trends, Impact of COVID-19 and Forecast – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Hair Removal Devices Market – Growth, Trends, Impact of COVID-19, and Forecast (2022-2027)” report has been added to from ResearchAndMarkets.com offer.

The hair removal devices market is expected to register a CAGR of 9.8% over the forecast period 2022-2027.

Companies cited

  • Procter & Gamble (Barun)

  • Venus concept

  • Lumenis Be Ltd.

  • Lutronic inc.

  • Lynton Lasers Ltd.

  • Sciton

  • Candela Medical

  • Cutera

  • focus

  • Viora

Main market trends

The laser devices segment is expected to grow over the forecast period

Using an aesthetic device, lasers help remove unwanted hair from all parts of the body. The precision, speed and predictability of the hair removal process are some of the advantages of laser devices for which it has gained popularity in recent years. Additionally, the August 2021 article titled “Laser Hair Removal” in the National Library of Medicine stated that a variety of laser devices are available and are known to be the most effective options for long-term hair removal. . Hence, owing to the benefits offered by laser hair removal devices, the adoption of these products is likely to increase among the target population, ultimately driving the growth of the segment.

Additionally, the 2020 Plastic Surgery Statistical Report released by the American Society of Plastic Surgeons stated that among all minimally invasive cosmetic procedures performed in the United States, laser hair removal was the third most performed procedure, which accounted for 757,808 procedures in 2020, with a 5% increase from the year 2000. Thus, the increasing adoption of laser hair removal procedures is creating demand for technically advanced laser hair removal devices and creating opportunities for segment growth in the future.

Additionally, continuous product launches by major market players are positively affecting the growth of the segment. For example, in January 2019, Alma Lasers announced the global launch of Soprano Titanium, an advanced laser hair removal device that combines three simultaneous wavelengths into a single applicator. Additionally, in January 2020, Lumenis Ltd. launched its brand new platform, the LightSheer Quattro, at the 22nd International Master Course on Aging Science (IMCAS) conference in Paris, France. This LightSheer Quattro offers clinically proven laser hair removal treatments for all skin types with 805nm or 1060nm wavelengths with no downtime, as well as the treatment of pigmented and vascular lesions.

Hence, the laser device segment is expected to witness significant growth over the forecast period due to the above-mentioned factors.

North America is expected to dominate the hair removal device market

North America is expected to dominate the market owing to factors such as easy availability of technologically advanced products and high consumer awareness of physical grooming and aesthetic appearance in the region. An increase in the use of energy-based devices for fast and efficient results in the United States is among the key factors contributing to the growth of the market studied in North America.

Key product launches, high concentration of market players, or presence of manufacturers in the United States are some of the factors driving the growth of the hair removal devices market in the country. For example, in May 2020, Lira Style, a Chicago-based medical device company, launched its brand new platform, the Cervello, which offers clinically proven laser hair removal treatments for all skin types with a combination of 755 Alexandrite, 808 Diode and 1064 Long Pulse YAG. Again, in January 2022, Homiley, a US-based company, launched its at-home IPL hair removal to save women from razor bumps or ingrown hairs. These continuous product launches in the region are expected to drive the market growth in the country.

Main topics covered:

1. INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Advent of innovative and technologically advanced hair removal devices

4.2.2 Increased levels of disposable income and spending on personal care products

4.3 Market Constraints

4.3.1 High cost of hair removal devices

4.4 Porter’s Five Forces Analysis

5 MARKET SEGMENTATION (Market Size by Value – USD Million)

5.1 By product type

5.2 By end user

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information on this report, visit https://www.researchandmarkets.com/r/7q9eim