Hair Removal Devices Market - Trends and Forecast to 2025

Posted June 26, 2019 by advacetechnology

This report provides in-depth analysis of hair removal devices, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year

Our study includes businesses that deal with manufacturing and supply of hair removal devices, specifically for beauty clinics and dermatology clinics. High inclination of consumers towards removal of unwanted hair from different body parts to enhance aesthetic appeal and avoid painful and frequent cumbersome conventional hair removal procedures is expected to be among the prominent factors fueling hair removal devices market growth.
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Market Dynamics
Some of the prominent alternative methods that have found high industry penetration include waxing, shaving, threading, plucking, and electrolysis. However, most these methods are inherently painful and the effect is short-lived and often unsatisfactory. However, hair removal devices used in commercial clinic spaces are usually handled by experts and relatively very less painful. This is expected to be among the prominent factors influencing the growth of the growth of this industry. However, high initial cost of these systems, which in turn leads to high cost of these treatment in these commercial spaces is expected to hamper the global hair removal devices market growth.
Compact devices and products offering multi-services for the cost of one system is among the prominent factors influencing the hair removal devices market growth
Next generation devices are compact, in order to reduce the footprint in the beauty and dermatologist facilities. Significant advantage of utilization of these machines is proving an array of aesthetic services that include skin treatment, anti-ageing skin rejuvenation treatment along with hair removal, for different body surfaces with a single machine. For instance, The Global Beauty Group offers products with five in one and 9 in 1 Intense Pulse Light (IPL) machines offering these aforementioned features. Company’s product under UltraLUX V4 IPL aids in pigmentation treatment, acne management, ultrasound body contouring, vascular therapy, and RF skin tightening. In conjunction with these factors, long durability, robustness, and high ROI, owing to multi-service offerings of these machines is expected to be factors for growth of the global hair removal devices market over the forecast period.
Businesses catering the equipment requirement of the commercial beauty clinics and dermatology clinics for hair removal devices and treatments have gained significant popularity in the recent past, owing to increasing beauty consciousness among consumers globally. These being non-surgical and non-invasive procedures, has led to increased consumer preferences. Moreover, these are widely used in dermatology and beauty clinics. This is expected to be among the major growth drivers for the market over the forecast period.
Alternative methods that include waxing, manual trimming, and using razors are relatively painful and lead to skin abrasions or irritation. Moreover, outcome of these methods are for a shorter period of time and require repetition after few days or weeks. However, utilization of these hair removal devices helps individuals’ treated area, hair-free for months or years, reducing the requirement for repetitive treatments after the complete procedure. This is among the major benefits that has in turn, led to growth of the market over the forecast period.
Detailed Segmentation:
• Global Hair Removal Devices Market, By Product Type:
◦ Energy Based Devices
◦ Laser Based Devices
◦ Intense Pulse Light (IPL) Devices
• Global Hair Removal Devices Market, By End User:
◦ Dermatology Clinics
◦ Beauty Clinics
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Country India
Categories Technology
Last Updated June 26, 2019