Global industry analysts forecast the global hair removal products market to reach $1.3 billion by 2026

SAN FRANCISCO, March 11, 2022 /PRNewswire/ — New market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Hair Removal Products – Global Market Trajectory and Analysis”. The report presents new insights into the opportunities and challenges in a significantly transformed post COVID-19 market.

Hair removal – Report FEBRUARY 2022


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Editing: 9; Published: February 2022
Executive Pool: 6199
Companies: 105 – Players covered include Alma Lasers International; Candela Company; CosBeauty; Cutera, Inc.; Cynosure, LLC.; Elos me; Fotona doo; LumaRx; Lutronics; Lynton Lasers Ltd; MLAY; Phillips; Reckitt Benckiser Group plc; Sciton, Inc.; Sharplight Technologies Ltd; Soft skin; Solta Medical, Inc; The Procter & Gamble Company; Tria Beauty; Venus concept; Viara and others.
Blanket: All major geographies and key segments
segments: product (laser-based devices, intense pulsed light (IPL) devices, energy-based devices); End use (beauty clinics, dermatology clinics, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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Global hair removal products market to reach $1.3 billion by 2026
Hair removal products have been around for a long time but their use, especially among men, has increased in recent years. Hair removal products allow users to remove unwanted hair from their body. Women are among the biggest users of hair removal products. The growing recognition and interest in personal care is one of the major factors driving the growth of the market. There are a multitude of hair removal products on the market ranging from creams to hair removal strips, razors and hair removal devices among others. Hair removal creams dominate the market due to their ease of use and the availability of a wide range of products. The adoption of hair removal devices has increased due to growing concerns about physical appearance and growing awareness of the importance of grooming among customers. Non-invasive personal grooming methods are particularly gaining in popularity, due to the growing awareness of the risks associated with invasive procedures. This should bode well for the demand for different hair removal devices. The easy availability of hair removal devices on e-commerce channels is contributing to faster adoption of hair removal devices across the world. The market is also benefiting from the increasing availability of sophisticated and efficient products and technologies. Laser techniques, for example, driven by technological advances, achieve greater efficiency at lower cost.

Amid COVID-19 Crisis, Global Hair Removal Products Market Estimated at US$959.3 million in 2022, is expected to reach a revised size of US$1.3 billion by 2026, growing at a CAGR of 7.3% over the analysis period. Laser-based devices, one of the segments analyzed in the report, is expected to register a CAGR of 7.9% and reach US$681.5 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Intense Pulsed Light (IPL) devices segment is readjusted at a revised CAGR of 7% for the next 7-year period. Hair removal devices such as laser and intense pulsed light (IPL) hair removal devices are regulated as medical devices and as such approved by competent authorities such as the FDA. An increasing number of devices are approved by regulators, expanding user choice and driving faster market growth. To take advantage of the growing demand for laser treatments, several companies have started offering new laser hair removal solutions.

The US market is estimated at $260.6 million in 2022, when China is expected to reach $193 million by 2026
The hair removal products market in the United States is estimated at US$260.6 million in the year 2022. Chinathe second largest economy in the world, is expected to reach a projected market size of US$193 million by 2026 with a CAGR of 8.7% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 6.3% and 6.8% respectively over the analysis period. In Europe, Germany is expected to grow at around 7% CAGR. The United States is among the world’s leading markets for hair removal devices, due to the well-developed infrastructure. The steady increase in the number of hair removal procedures performed in the United States also bodes well for the market. With young people particularly choosing permanent hair removal treatments as part of personal care measures, the market is poised for further growth. The availability of effective products and the emphasis on physical grooming even among men is driving the growth of the market. Asia Pacific and China are expected to experience strong long-term growth, due to steadily improving living standards, increasing disposable incomes of people, increasing participation of women in the labor force, growing desire for improving their physical appearance and the increasing availability of affordable hair removal devices.

Energy-Based Devices Segment To Be Achieved $246.9 million by 2026
In the global energy-based devices segment, United States, Canada, Japan, China and Europe will drive the CAGR of 6.3% estimated for this segment. These regional markets representing a combined market size of US$138 million will reach a projected size of US$211.8 million at the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, Indiaand South Koreathe market of Asia Pacific should reach 30 million US dollars by 2026, while Latin America will grow at a CAGR of 7.1% over the analysis period.


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Zak Ali
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SOURCE Global Industry Analysts, Inc.