Hair removal or epilation is a process that removes the hair on an individual’s body. For many reasons including for trend, cultural practices, sports, military, or medical purposes, body hairs are removed. Growing importance for body appearance, rapidly changing beauty standards among individuals and high demand for treatment for laser hair removal devices are driving market growth factors. In addition, it is anticipated that the easy availability of advanced hair removal devices through e-commerce and retail stores and increased use of such devices at home would fuel the growth of the global hair removal devices market. However, the high cost of hair removal laser and IPL devices and multiple treatment requirements may restrict the market growth over the forecast period.
The market of global hair removal devices is divided on the basis of type and end-user. On the basis of type, the market is sub-segmented into laser-based devices, IPL, and energy-based devices. Moreover, on the basis of end-user, the market is further sub-segmented into dermatology clinics, beauty clinics, and others. Further, the laser-based devices segment is considered as one of the largest segment among others. This is due to the rapid results of the laser-based treatment. For all skin type and hair, laser-based devices are considered safe and cause less pain. This equipment is expected to experience significant demand with high technological advances throughout the forecast period. Further, the laser-based devices include Nd: YAG, diode, and alexandrite laser. Whereas, due to the growing demand for home-use devices, the intense pulse light (IPL) device segment has a significant share in the market. IPL technology is considered as one of the best options for using at home. However, at multiple wavelengths, these systems produce light that scatters within the skin. These devices are less efficient than laser devices. Moreover, there are various energy-based devices available which include trimmers. These devices are suitable for all skin type. Besides all the advantages of energy-based devices; these devices have low intensity when it is compared to other devices. Therefore, over the forecast period, this segment is expected to show slow growth.
Geographically, the market of global hair removal devices is segmented on the basis of North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to have a significant share in the global hair removal devices market. This is due to the increase in the number of hair removal procedures in the US and the well-established healthcare infrastructure. There were approximately 1.1 million laser hair removal procedures performed in the US in 2016, according to the National Laser Institute. In addition, increasing numbers of options for permanent hair removal treatments are likely to support regional market growth. The major players of this market are Koninklijke Philips N.V., Procter & Gamble Co., Lumenis, Ltd., Panasonic Corp., Spectrum Brands, Inc., Alma Lasers, Ltd., and Cynosure, Inc.
Research Methodology:
The market study of the global hair removal devices market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation:
- Global Hair Removal Devices Market Research and Analysis by Type
- Global Hair Removal Devices Market Research and Analysis by End-User
The Report Covers:
- Comprehensive research methodology of the global hair removal devices market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global hair removal devices market.
- Insights about market determinants which are stimulating the global hair removal devices market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
