The global hair removal devices market is at a booming stage and this trend is likely to continue in the forthcoming years. Many people remove hair from their bodies, also known as depilation, as this process is necessary for various fields such as bodybuilding, military, or medical purpose. This market has seen a drastic change in the last few years as people have shifted from using a painful hair removal process to painless one due to the innovation and launches of various devices used for this purpose. These devices include hair removal epilator, hair removal laser, electric shavers, electrolysis hair-removal device, and trimmers. An epilator is an electronic device that mechanically removes multiple hairs by pulling them out instantaneously. The trimmers work in a similar manner as these have blades that reduce the mass of hair from the body by using either electricity or batteries for power supply.
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The growth of hair removal devices industry is being driven by multiple factors, which include increasing awareness about self-grooming paired with the increase in disposable income, rising beauty consciousness and growing inclination toward fashionable and trendy looks. Furthermore, hair removal devices are easily available in the market or through e-commerce websites, which adds to the growth of this market. Moreover, the households have also increased the use of hair removal devices as these are easy to use, and this further increases the growth of this sector. The restraints of hair removal devices include its high cost, time-consuming (in case of laser hair removal) due to multiple treatment requirements, and discoloration of the skin in few cases. The opportunities in this market include optimistic markets of Asia-Pacific region and rising technological advancements in hair removal devices.
The global hair removal devices market is segmented on the basis of type such as energy-based devices, laser-based devices, intense pulse light (IPL) devices, and others. The laser-based devices are further divided into diode laser, Nd: YAG laser and alexandrite laser. The laser-based devices have a substantial share in this market, as these are considered as the most effective as they show results rapidly; are safe and cause less pain. Although, after the laser hair removal treatment, some patients may also experience temporary discomfort or irritation on the treated skin. Additionally, IPL devices have a significant share in the market due to increased domestic use. Furthermore, the energy-based devices include electric shavers that are appropriate for all skin types, although the market is analyzed to have a slower growth due to comparatively lower efficiency than other products. Moreover, the end-user of this market are sub-divided into beauty clinics, dermatology clinics, and home care.
Further, North America region is estimated to have a substantial market size in the hair removal devices market due to the availability of various hair removal processes, availability of skilled professionals and high-quality infrastructure in the healthcare sector. There were approximately 1.1 million laser hair removal procedures performed in the US in 2016. Such increasing procedures are expected to create a further demand for laser hair removal devices during the forecast period leading to the growth of the hair removal devices market value. The major players in the market include Koninklijke Philips N.V., Procter & Gamble Co., Lumenis, Ltd., Panasonic Corp., Spectrum Brands, Inc., Alma Lasers, Ltd., and Cynosure, Inc. These major market players compete to increase their market share through strategic collaborations and partnerships, innovations and new product development and launches.
Some Recent Market Activities
- In February 2019, Alma Lasers Ltd. launched a new hair removal device named Quattro 3D applicator hand piece that prevents the re-growth of hair, avoids any injury and has a cooling effect technology system, which cools the skin to minimize skin burns. Moreover, the device is integrated with a smart clinic tool that enables the clinics to control the device through computers or smartphones for live tracking of the hair removal procedure.
- In May 2018, Koninklijke Philips N.V. launched Satinelle advanced epilator that has features such as smoother skin after epiliating, long-lasting results and better grip for easy hair removal.
Current Market Trends Covered in the Market Report:
- Untapped markets of Asia-Pacific region
- Rising technological advancements in hair removal devices
- Innovation – key driver of competition in this market
- Major sectors contributing to the growth – retail sector and e-commerce
The Report Global Hair Removal Devices Market Segmentation
By Type
- Energy Based Device
- Laser Based Device
- Intense Pulse Light (IPL) Device
By End-User
- Homecare
- Dermatology Clinics
- Beauty Clinics
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Hair Removal Devices Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- 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.
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