Global Hair Removal Devices Market Size, Share & Trends Analysis Report by Type (Energy Based Devices, Laser-Based Devices, and Intense Pulsed Light (IPL) Devices), by End-Users (Dermatology Clinics, Beauty Clinics, and Homecare) and Forecast, 2019-2025.
The hair removal is a type of process that removes the hair from the body of an individual. The reasons for removing the hair from the body can be enhancing body's appearance, medical reasons, and cultural practices among various others. More than 1,035,783 hair removal procedures were performed in 2016 in the US, according to statistics from the American Society for Aesthetic Plastic Surgery (ASAPS). It is expected that the major factor which drives this market is technological advancement, which will increase the demand for hair removal devices in the near future. Moreover, there is also a reduction in the pain and side effects of hair removal treatments. For instance, the introduction of dermal cooling technology in laser treatment reduces the chances of side effects while its use. It is anticipated that such advances coupled with consumer awareness will drive the market.
The market of global hair removal devices is segmented on the basis of type and end-user. Moreover, on the basis of end-user, the market is further sub-segmented into dermatology clinics, beauty clinics, and homecare. The market is segmented into energy-based devices, laser devices, and IPL devices. There are several types of laser devices available in the market includes diodeslaser, Nd: YAG laser, and alexandrite laser. Laser devices segment is expected to account a significant share in the global market for hair removal devices. This share is largely attributed to wider device acceptance and better performance compared to other products. Whereas, the demand for hair removal solutions in beauty clinics has been significantly higher and it is expected that the demand will continue to rise in the near future. However, due to the growing popularity of permanent hair removal techniques, such as laser therapy; dermatology clinics are also expected to increase the demand for hair removal products in the near future.
Geographically, the market of global hair removal devices is divided into North America, Europe, Asia-Pacific, and Rest of the World. North America have considerable share in the overall 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. 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. These firms focus on taking initiatives like mergers and acquisitions, regional expansions, and new product developments to boost their market share and global reach. For instance, Lutronic announced in November 2017, the global expansion of its business with the launch of an office in Germany and an enhanced corporate website that provides a gateway to its segments of surgical, vision and aesthetic business.
Research Methodology
The market study of the global hair removal devices market is incorporated by extensive primary and secondary research. 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 an 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.
The hair removal is a type of process that removes the hair from the body of an individual. The reasons for removing the hair from the body can be enhancing body's appearance, medical reasons, and cultural practices among various others. More than 1,035,783 hair removal procedures were performed in 2016 in the US, according to statistics from the American Society for Aesthetic Plastic Surgery (ASAPS). It is expected that the major factor which drives this market is technological advancement, which will increase the demand for hair removal devices in the near future. Moreover, there is also a reduction in the pain and side effects of hair removal treatments. For instance, the introduction of dermal cooling technology in laser treatment reduces the chances of side effects while its use. It is anticipated that such advances coupled with consumer awareness will drive the market.
The market of global hair removal devices is segmented on the basis of type and end-user. Moreover, on the basis of end-user, the market is further sub-segmented into dermatology clinics, beauty clinics, and homecare. The market is segmented into energy-based devices, laser devices, and IPL devices. There are several types of laser devices available in the market includes diodeslaser, Nd: YAG laser, and alexandrite laser. Laser devices segment is expected to account a significant share in the global market for hair removal devices. This share is largely attributed to wider device acceptance and better performance compared to other products. Whereas, the demand for hair removal solutions in beauty clinics has been significantly higher and it is expected that the demand will continue to rise in the near future. However, due to the growing popularity of permanent hair removal techniques, such as laser therapy; dermatology clinics are also expected to increase the demand for hair removal products in the near future.
Geographically, the market of global hair removal devices is divided into North America, Europe, Asia-Pacific, and Rest of the World. North America have considerable share in the overall 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. 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. These firms focus on taking initiatives like mergers and acquisitions, regional expansions, and new product developments to boost their market share and global reach. For instance, Lutronic announced in November 2017, the global expansion of its business with the launch of an office in Germany and an enhanced corporate website that provides a gateway to its segments of surgical, vision and aesthetic business.
Research Methodology
The market study of the global hair removal devices market is incorporated by extensive primary and secondary research. 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 an 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.
Table of Contents
1. Report Summary
2. Market Overview and Insights
3. Competitive Landscape
4. Market Determinants
5. Market Segmentation
6. Regional Analysis
7. Company Profiles
Companies Mentioned
A selection of companies mentioned in this report includes:
- Alma Lasers, Ltd.
- Cutera, Inc.
- Cynosure, LLC
- Edgewell Personal Care Co.
- Fotona d.o.o.
- ICTV Brands, Inc.
- Koninklijke Philips N.V.
- Lumenis, Ltd.
- Lutronic
- Lynton Lasers, Ltd.
- NC Medical Systems
- Panasonic Corp.
- Procter & Gamble, Co.
- Sciton, Inc.
- Silk'n (Home Skinovations)
- Solta Medical, Inc.
- Spectrum Brands, Inc.
- Tria Beauty
- Venus Concept
