Hair Removal Devices Market
Global Hair Removal Devices Market is estimated to be valued at USD 749.2 Mn in 2024 and is expected to reach USD 1,568.3 Mn by 2031, growing at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031.
The hair removal devices market has been witnessing steady growth over the past few decades, driven by growing awareness about personal grooming and aesthetic appearance. Various hair removal methods such as waxing, threading, electrolysis, and laser treatment are time-consuming and painful, creating demand for more convenient solutions. Hair removal devices offer quick and painless hair removal from the comfort of home without any side effects like skin irritation. Advanced devices use technologies such as laser, intense pulsed light, and other methods that target the pigment in hair follicles to block future hair regrowth for longer durations. The easy availability of these devices through e-commerce channels and medical spas has further boosted their adoption worldwide.
Market Dynamics:
The global hair removal devices market is expected to witness significant growth owing to the growing preference for painless and non-invasive hair removal devices among both men and women. The increasing inclination towards personal grooming and aesthetic appearance is fueling the demand for these devices. Additional factors such as the busy lifestyle and time constraints further encourage consumers to opt for quick and convenient hair removal solutions. Various technological advancements including laser-based hair removal devices offering long-lasting results with fewer sittings are augmenting the market growth. However, high device costs especially for advanced laser-based systems and initial associated pain may impede the market expansion. On the other side, introduction of inexpensive home-use devices, growing influence of social media, and increasing disposable incomes in emerging nations are creating new growth opportunities in the market.
Key features of the study:
- This report provides in-depth analysis of the global hair removal devices market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global hair removal devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Alma Lasers Ltd, Cutera Inc, Cynosure Inc, Fotona d.d, Lumenis Ltd, Lutronic Corp, Lynton Lasers Ltd, Sciton Inc, Solta Medical Inc, Strata Skin Sciences Inc, Syneron Medical Ltd, Venus Concept Canada Corp.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global hair removal devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hair removal devices market.
Market Segmentation
Market Segmentation
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize Now
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients
