The global Hair Removal Devices Market is estimated to be valued at US$ 1449.36 Mn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Products like laser hair removal devices, IPL hair removal devices, and others use advanced light-based technology to effectively treat hair on all skin types. They offer long-lasting results with minimal discomfort and less frequent treatments compared to traditional hair removal methods.
Market Overview:
Hair removal devices work by damaging the hair follicles to prevent regrowth of hair. Laser and light-based devices are increasingly popular for their precision and effectiveness. They use techniques like laser, intense pulsed light (IPL) to target the melanin in hair follicles.
Market key trends:
The Global Hair Removal Devices Market Size is witnessing growing demand for laser hair removal devices. Laser hair removal provides long-lasting results with just a few treatments. Advances in laser technology have made laser hair removal more effective and convenient. Devices now feature larger spot sizes and faster pulse durations for treating larger areas quickly. At-home IPL hair removal devices are also gaining traction due to their affordable prices and ease of use.
Segment Analysis
Hair removal devices market is dominated by the laser hair removal devices segment, accounting for over 55% of the overall market share in 2023. Laser hair removal devices offer long-lasting results with minimum hair regrowth. With technological advancements in laser hair removal systems such as alexandrite lasers, diode lasers, or intense pulsed light (IPL) system, the demand for laser hair removal treatments has increased substantially over the years.
Key Takeaways
The global hair removal devices market is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period 2023 to 2030, due to increasing preference for minimally invasive and long-lasting hair removal solutions.
Regional analysis
North America dominated the global hair removal devices market in 2023 and is expected to maintain its dominance during the forecast period. This is attributed to the rising awareness about advanced hair removal treatments and a high disposable income in the region. Asia Pacific is expected to be the fastest growing market for hair removal devices during the forecast period.
Key players
Key players operating in the hair removal devices market are Alma Lasers Ltd, Cutera Inc., Cynosure Inc., Fotona d.d, Lumenis Ltd, Lutronic Corp., Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Strata Skin Sciences Inc., Syneron Medical Ltd., and Venus Concept Canada Corp. Laser hair removal devices manufacturers are focusing on launching innovative products integrated with the latest laser and light based technologies for improved hair reduction results.
Read Our More Blogs : https://www.rapidwebwire.com/hair-removal-devices-market-size-share-analysis-2023-2030/
Comments
0 comment