The hair removal devices market was valued at US$ 815.0 million in 2016 and is projected to reach US$ 1,730.6 million by 2025, exhibiting a CAGR of 8.9% over the forecast period, according to Global Hair Removal Devices Market Report, by Product Type (Energy-Based Devices, Laser-Based Devices, and Intense Pulse Light (IPL) Devices), by End User (Dermatology Clinics and Beauty Clinics), published by Coherent Market Insights.
Hair removal devices are equipment used for hair removal in commercial spaces such as the beauty and dermatologist clinics. High inclination of consumers towards less painful, non-invasive, and non-surgical procedures for personal grooming is expected to be among the prominent factors influencing the adoption of these devices at these aforementioned commercial spaces.
Key Trends and Analysis of the Global Hair Removal Devices Market:
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Key Takeaways of the Market:
According to Coherent Market Insights’ research, business generated at beauty and dermatology clinics have witnessed significant increase in the months of February, in weeks leading to February 14, referred to as the Valentine’s Day. For instance, Uni K Wax witnessed an increase of around 40% business in these weeks in 2014 and 2015. To capitalize on these seasonal increased consumer demands, demand for these devices will be relatively be high from clinics. This will present as a lucrative growth opportunity for the industry participants. Some of the major players in the global hair removal devices market include 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.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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