Hair Removal Market – Covid-19 Impact, Regional Outlook, Competitive Strategies and Forecast by 2026

Global Hair Removal Market: Snapshot

The global hair removal market is experiencing a high-paced expansion in its size and valuation, thanks to the increasing beauty consciousness among consumers across the world. The augmenting need to maintain a good and groomed physical appearance is the main factor behind the growth of this market. Over the forthcoming years, the rising popularity of the at-home hair removal techniques among the younger generation is likely to boost the demand for hair removal solutions remarkably, worldwide.

The worldwide market for hair removal is expected to reach US$880.2 mn by 2017. Further, the opportunity in this market is anticipated to witness an upswing at a CAGR of 9.0% between 2017 and 2022 and gain a value of US$1.35 bn by the end of 2022. The significant rise in the demand for hair removal creams, shaving razors, epilators, and wax and wax strips are also expected to stimulate the momentum of this market in the years to come.

Get Sample Copy:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33098

IPL Devices to Remain Posting Strong Growth

The worldwide market for hair removal is broadly evaluated on the basis of the type of the product, and the end user. Based on the product, the market is classified into laser based devices, energy based devices, and intense pulse light (IPL) devices. Among these, the demand for IPL devices is comparatively higher than other hair removal products. The relatively high efficiency and the longer effect on the growth of body hair of these devices is the main factor behind their surging demand across the world. This IPL device segment is anticipated to rise at a CAGR of 9.0% during the period from 2017 to 2022.

In terms of end user, the market is categorized into beauty clinics and dermatology clinics. Hitherto, the demand for hair removal solutions has been much higher in beauty clinics and is anticipated to continue reporting a greater rise in their demand over the next few years. However, dermatology clinics are also projected to report a steady increase in the demand for hair removal products in the near future on account of the growing popularity of permanent hair removal techniques, such as laser therapy.

Grab an exclusive PDF Brochure of this report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33098

North America to Lead Global Hair Removal Market

The global market for hair removal solutions is also analyzed on the basis of its regional reach. Asia Pacific excluding Japan (APEJ), North America, Europe, the Middle East and Africa (MEA), Latin America, and Japan are considered as the main regional markets for hair removal solutions across the world. With the soaring interest of consumers in personal grooming, coupled with their high purchasing power that makes them capable of affording expensive hair removal products, North America has surfaced as the key contributor to the global market. Proliferating at a CAGR of 9.50% over the period from 2017 to 2022, this regional market is expected to remain dominant throughout the period of the forecast. With an 8.30% CAGR during the same period, Europe is projected to follow North America closely.

The worldwide market for hair removal solutions is highly competitive with the increasing entry of new players regularly. Solta Medical Inc., Cynosure Inc., Lynton Lasers Ltd., Fotona d.d., Strata Skin Sciences Inc., Syneron Medical Ltd., Alma Lasers Ltd., Venus Concept Canada Corp., Lumenis Ltd., Lutronic Corp., Sciton Inc., and Cutera Inc. are the key vendors of hair removal products and services across the world.

Read Our Latest Press Release:

https://www.prnewswire.com/news-releases/need-to-limit-use-of-commonly-used-secure-packaging-amidst-continued-covid-19-presents-vast-opportunities-for-flexible-packaging-for-healthcare-market-growth-predicted-at-healthy-5-3-cagr-from-2020–2028—tmr-301268887.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com