Hair Removal Devices Market size is expected to grow at a CAGR of 14.50% during the forecast period and the market size is expected to reach nearly US$ 5.85 Bn. by 2029.
Hair Removal Devices Market Overview
Maximize Market Research, a leading business consultancy has recently published a research report on the Hair Removal Devices Market. The market overview provides a concise synopsis of a commercial or industrial market. Its purpose is to offer a current snapshot of the market to gain a better understanding of its key features. This summary reports profile the important criteria of a market to inform further marketing activities. The overview draws information from various sources, including government departments, trade and industry associations, market publications, industry analysis, individual companies, state economic development agencies, port authorities, information brokers, and other organizations.
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Hair Removal Devices Market Scope
The report offers a comprehensive evaluation of a specific market or industry. It encompasses an overview of key players, an analysis of the competitive landscape, an assessment of significant trends and developments, and a forecast for future growth. The market scope is determined by factors such as product, price, place, and promotion. Focused strategies are essential components of the market scope. The report provides the leading source for market data, independent perspectives, and objective analysis in today’s ophthalmic markets. The STEEPLE analysis also offers an overview of the macro-environmental factors that impact an organization. Primary and secondary data are analyzed to understand the market in depth. Secondary data is collected from various reliable sources, including official databases of organizations, government sites, industry journals, white papers, annual reports, product releases from manufacturers and suppliers, and paid databases.
Hair Removal Devices Market Segmentation
by Product
• Energy-Based Devices
• Laser-Based Devices
• Intense Pulse Light (IPL) Devices
In 2021, the segment of laser-based devices dominated the global market in terms of product. It’s anticipated that this market segment will continue to rule throughout the projection period. This significant market share may be explained by the devices’ high level of acceptability and outstanding functionality as compared to competing goods. The market sector is anticipated to grow at a 19% CAGR over the forecast years. Numerous technological developments in aesthetic lasers, such as the blending of modalities introduced by Quanta Systems in the Thunder MT system, one of the most recent market inventions, support the segment’s expansion. To disintegrate hair and momentarily kill hair follicles, laser hair removal systems use high-heat lasers or intense pulsing lights (IPLs).
Due to its rising demand for domestic use, the intense pulse light devices market is predicted to have profitable expansion throughout the forecast years. It is thought that using this technology at home is convenient. An option to laser hair removal using selective photothermolysis is intense pulsed light. These gadgets have not, however, gained much popularity due to their complexity of use and a lack of competent specialists to run the machinery.
by Application
• Facial Hair Removal
• Legs
• Hands
• Others
Based on Application, the facial hair removal market share was significant in 2021. During the projection period, the segment is anticipated to develop at a CAGR of 7.5%. Due to its capacity to sculpt a face, facial dressers frequently employ it. It encompasses, among other things, features like the brows, nose, and upper lips. Cosmetologists employ the system in salons, which has helped the business grow. Women now play a bigger part in this field since their body awareness has increased.
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Hair Removal Devices Market Key Players
• Solta Medical, Inc.
• Cynosure, Inc.
• Lumenis
• Venus Concept Canada Corp.
• Alma Lasers
• Lutronic
• Cutera
• Syneron Medical Ltd.
• Sciton, Inc.
• Viora
• Fotona d.d.
• Lynton Lasers Ltd.
• Strata Skin Sciences Inc.
• Tria Beauty
• Veet
• CosBeauty
• Iskin
• SmoothSkin
• Iluminage
Table of content for the Hair Removal Devices Market includes:
1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Hair Removal Devices Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2021
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Hair Removal Devices Market
3.4. Geographical Snapshot of the Hair Removal Devices Market, By Manufacturer share
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Regional Analysis
The regional analysis focuses on determining price and quantity in a specific product market, treating one market as independent of others. The regional analysis covers metadata that includes graphical, numerical, and textual data, showcasing market growth and forecasting periods.
Key Questions Answered in the Hair Removal Devices Market Report:
- What is the definition of the Hair Removal Devices Market?
- What is the forecast period for the Hair Removal Devices Market?
- What is the competitive scenario of the Hair Removal Devices market?
- Which region holds the largest market share in the Hair Removal Devices Market?
- What are the opportunities for the Hair Removal Devices Market?
- What factors are affecting the growth of the Hair Removal Devices market?
- Who are the key players in the Hair Removal Devices market?
- Which company holds the largest share in the Hair Removal Devices market?
- What will be the compound annual growth rate (CAGR) of the Hair Removal Devices market during the forecast period?
- What key trends are likely to emerge in the Hair Removal Devices market in the coming years?
Key Offerings:
- Market Share, Size, and Revenue Forecast | 2022-2029
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Market Segmentation: Detailed analysis by Hair Removal Devices
- Landscape: Leading key players and other prominent participants.
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