Hair removal products industry worth $1.4 billion by 2027 – Home laser hair removal devices are gaining popularity

DUBLIN, April 25, 2022–(BUSINESS WIRE)–The “Hair Removal Products – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global Hair Removal Products Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global hair removal products market estimated at US$881.1 million in 2020 is expected to reach a revised size of US$1.4 billion by 2027, with growth at a CAGR of 7.3% over the analysis period 2020 -2027. 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 by the end of the analysis period. After an initial 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 to a revised CAGR of 7% for the next 7-year period.

The US market is estimated at $239.7 million, while China is expected to grow at a CAGR of 8.7%

The hair removal products market in the United States is estimated to be worth US$239.7 million in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$212 million by 2027, with a CAGR of 8.7. % over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each forecasting growth of 6.3% and 6.8% respectively over the period 2020-2027. In Europe, Germany is expected to grow around 7% CAGR.

The energy-based devices segment will register a CAGR of 6.5%

In the global energy-based devices segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 6.3% for this segment. These regional markets representing a combined market size of US$138 million in 2020 will reach a projected size of US$211.8 million by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Led by countries such as Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$178.4 million by 2027, while Latin America will expand to a CAGR of 7.1% over the analysis period.

Select contestants (105 total featured)

  • 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

  • Viora

Main topics covered

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • Impact of the COVID-19 pandemic and the impending global recession

  • The beauty and personal care industry is under tremendous stress due to the pandemic

  • Aesthetic clinics will follow infection prevention measures to mitigate the risk of transmission of COVID-19 infection

  • Hair removal technologies: breaking new ground for flawless, hairless skin

  • An introduction to hair removal devices

  • Global Hair Removal Devices Market: Outlook and Prospects

  • Laser hair removal devices dominate the global market

  • Beauty Clinics: Largest End-Use Segment

  • Developed regions lead developing economies to spearhead future growth

  • Competition

  • Recent market activity

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • The growing popularity of non-invasive personal care techniques bodes well for the hair removal device market

  • The painful process and side effects of hair removal products such as waxes and razors are driving a shift to appliances

  • Growing awareness of beauty among men presents a lucrative opportunity for the hair removal products market

  • Women continue to be the primary user base for hair removal products

  • Different hair removal techniques ranked in terms of cost, pain and effectiveness

  • Various hair removal options for women: comparison of hair removal method, procedure and products, suggested body areas, pros and cons

  • Home laser hair removal devices are gaining popularity

  • The advent of next-generation IPL devices offering multiple features is driving the market

  • Select IPL Devices: A Review

  • Hair removal devices find medical use

  • Expansion of the swimwear market: an opportunity for the hair removal market

  • Technological advancements are driving the growth of the market

  • Advanced technology and home use for the benefit of hair removal devices

  • Fiber-coupled diode laser opens up a new paradigm for hair removal

  • Demographic trends influence market outlook

  • Middle class population growth

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/v3v2eh

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220425005686/en/

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