The Hair Removal Market was valued at US$ 1.78 Billion in 2021 and is projected to reach US$ 4.01 Billion by 2028, growing at a CAGR of 12.3% from 2022 to 2028.Analysis period {2023-2030}
Market Overview:
The Hair Removal Market was valued at US$ 1.78 Billion in 2021 and is projected to reach US$ 4.01 Billion by 2028, growing at a CAGR of 12.3% from 2022 to 2028.Analysis period {2023-2030}
Hair removal is nothing but removing unwanted hair from the body. The hair removal procedure is also called Epilation; hair growth is high and more visible after puberty, men have more issues regarding hair growth but women are the largest users of hair removal products. Hairs are removed for various reasons like fashion, hygiene, cultural traditions, military service, athletics, and others. Removing hair by waxing, shaving, and plucking are some of the traditional techniques used by people. The growing interest in personal grooming is one of the major factors that are responsible for the increasing growth of the market. Body hairs are removed by using a different kind of tools according to the preferences, there is advancement in hair removal techniques like laser treatment and external light treatment which is a convenient method for hair removal which doesn’t cause damage to the body part, hair root and it does not cause pain.
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Major Key Players for Hair Removal Market:
Solta Medical, Lumenis, Cynosure, Strata Skin Sciences, Syneron Candela, Lutronic Aesthetic, Cutera, Lynton Lasers, Sciton, Alma Lasers, Venus Concept, Fotona
Market Dynamics and Factors:
People are more aware of their looks, appearance, and personal care, the per capital income is increased in so many developed and developing countries that are the reason people are spending more on personal care product like hair removal cream, treatments which are helping the increasing growth of the market. Key companies and the manufacturers working in this industry bring new, easy-to-use solutions for better results which help to increase the demand for hair removal products.
The target market for this product is huge the people in developing countries like rural side areas are the main, focused targeted segment for hair removal products by the key industry players. People prefer advanced techniques for removing the hair by professionals like laser treatment which cost more but is not harsh on the skin and pain-free technique due to this people are moving towards this treatment and are willing to pay more for self-care product which boosts the growth of hair removal market in the upcoming year.
The Report Will Include A Major Chapter
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Hair Removal Market Report Highlight:
Hair Removal Market Segmentation:
By Type
By Application
Regional Analysis
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Key Industry Development:
In May 2020, Lira Style, a US-based medical device company released a product on “Cervello” a new aesthetics platform. The platform has the devices that allow clinically proven laser hair removal treatment on all skin types, combining 755 Alexandrite, 808 diodes, 1064 long-pulsed, and YAG.
In July 2020, Lesar MD Medspa is a brand that specifically worked in hair removal services is acquired by Potomac Equity Partner. This acquisition is expected to bring new changes in the services and help to boost the growth of Lesar MD Medspa in the hair removal market.
Essential points covered in Hair Removal Market report are:-
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By End-User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Hair Removal Market by Type
5.1 Hair Removal Market Overview Snapshot and Growth Engine
5.2 Hair Removal Market Overview
5.3 Cream
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Cream: Geographic Segmentation
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Jan 02, 2024