Global Hair Removal Devices Market Size, Share, Forecast Report, 2020-2027
The global Hair Removal Devices market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 8.81% throughout the estimate period from 2020 to 2027.
Hair removal or epilation is a process where the hairs on an individual's body are removed deliberately. Body hairs are removed for numerous reasons such as fashion, cultural practices, sports, military, medical reasons, among others. Growing importance about appearance, rapidly changing beauty standards among individuals, and high demand for laser hair removal treatment are driving factors for the growth of the market. Moreover, the easy availability of advanced hair removal devices through e-commerce and retail stores and increasing use of such devices at home are anticipated to fuel the growth of the global hair removal devices market. However, the high cost of hair removal devices and requirements of multiple treatments may restrain the market growth over the forecast period.
In recent years, major companies are operating in the hair removal devices market. The prominent players in the market are engaged in strategic collaborations and new product launches to strengthen their market position. For instance, in January 2017, Venus Concept launched Venus Velocity, the new gold standard diode laser for hair removal and permanent hair reduction.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Hair Removal Devices market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Hair Removal Devices market growth.
The global Hair Removal Devices market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
• Alma Lasers, Ltd.
• Cynosure, Inc.
• Cutera Inc.
• Lumenis Ltd
• Lutronic Corporation
• Lynton Lasers Ltd
• Solta Medical Inc
• Strata Skin Sciences, Inc.
• Syneron Medical Ltd.
• Sciton, Inc.
• Venus Concept Canada Corp
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
Global Hair Removal Devices Market, by Product
• Energy-based Devices
• Laser Devices
o Diode Laser
o Nd: YAG Laser
o Alexandrite Laser
• Intense Pulse Light (IPL) Devices
Global Hair Removal Devices Market, by End-user
• Beauty Clinics
• Dermatology Clinics
• Home Use
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
• North America
Rest of EU
• Asia Pacific
Rest of APAC
• Central & South America
Rest of Central & South America
• Middle East and Africa
Rest of MEA