The global hair removal devices market revenue is expected to expand at a significant CAGR over the forecast period. Hair removal devices are used for getting rid of hair on a body. Traditionally, there are different types of methods used for hair removal such as shaving, waxing, threading, etc. These methods are physically painful, time consuming, and effective temporarily. Latest hair removal devices provide safety, no or less physical pain, convenience of use and less time consuming process. In addition, some devices also provide permanent hair removal. Owing to all these factors, individuals are inclining more towards advanced hair removal devices.
Increasing appearance awareness and changing beauty standards among women as well as men, are the major factors driving the growth of the global hair removal devices market. However, higher cost of hair removal process by these devices and requirement of multiple sessions may hamper the growth of the target market.
The global hair removal devices market report has been segmented on the basis of product type and region. On the basis of product type, the market is segmented into laser based, energy based, and intense pulse based. Laser based treatments are relatively less painful and preferable for dark skin tones. Intense pulse based hair removal devices are easy to use and also provides permanent hair removal. It has very compact design and works on all areas of the body. In addition, this method of hair removal also used for vascular therapy, acne and pigmentation treatment.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global market in terms of revenue over the forecast period, due to an increasing preference for advanced hair removal devices and growing appearance awareness among consumers. In addition, the increasing number of beauty parlors for women as well as men is another factor, driving the growth of the market in this region.
Key players operating in the global hair removal devices market include Alma Lasers Ltd., Cutera Inc., Cynosure Inc., Fotona d.d., Lumenis Ltd., Lutronic Corporation, Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., and Syneron Medical Ltd.