Hair Removal Products Industry Worth $1.4 Billion by 2027 - At-Home Laser Hair Removal Devices Gain Popularity - ResearchAndMarkets.com

DUBLIN--()--The "Hair Removal Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Hair Removal Products Market to Reach $1.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Hair Removal Products estimated at US$881.1 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 7.3% over the analysis period 2020-2027. Laser-based Devices, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$681.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Intense Pulsed Light (IPL) Devices segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $239.7 Million, While China is Forecast to Grow at 8.7% CAGR

The Hair Removal Products market in the U.S. is estimated at US$239.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$212 Million by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.

Energy-based Devices Segment to Record 6.5% CAGR

In the global Energy-based Devices segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$138 Million in the year 2020 will reach a projected size of US$211.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$178.4 Million by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 105 Featured)

  • Alma Lasers International
  • Candela Corporation
  • CosBeauty
  • Cutera, Inc
  • Cynosure, LLC.
  • Elos Me
  • Fotona d.o.o.
  • LumaRx
  • Lutronic
  • Lynton Lasers Ltd
  • MLAY
  • Philips
  • Reckitt Benckiser Group plc
  • Sciton, Inc
  • Sharplight Technologies Ltd
  • SmoothSkin
  • Solta Medical, Inc
  • The Procter & Gamble Company
  • Tria Beauty
  • Venus Concept
  • Viora

Key Topics Covered

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Beauty and Personal Care Industry Comes Under Tremendous Stress due to Pandemic
  • Aesthetic Clinics to Follow Infection-Prevention Measures to Mitigate Risk of COVID-19 Infection Transmission
  • Hair Removal Technologies: Achieving New Frontiers for Perfect & Hair-Free Skin
  • An Introduction to Hair Removal Devices
  • Global Hair Removal Devices Market: Prospects & Outlook
  • Laser Hair Removal Devices Lead Global Market
  • Beauty Clinics: The Largest End-Use Segment
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Competition
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rising Popularity of Non-Invasive Personal Grooming Techniques Bodes Well for the Hair Removal Devices Market
  • Painful Process and Side Effects of Hair Removal Products Such as Waxes and Razors Drive Shift Towards for Devices
  • Rising Beauty Consciousness among Men Presents Lucrative Opportunity for Hair Removal Products Market
  • Women Continue to be Major User Base for Hair Removal Products
  • Different Hair Removal Techniques Categorized in Terms of Cost, Pain, and Effectiveness
  • Various Hair Removal Options for Women: Comparison of Hair Removal Method, Procedure & Products, Suggested Body Areas, Advantages and Disadvantages
  • At-Home Laser Hair Removal Devices Gain Popularity
  • Advent of Next Generation IPL Devices Offering Multiple Features Drives Market
  • Select IPL Devices: A Review
  • Hair Removal Devices Find Use for Medical Purposes
  • Expanding Swimwear Market: An Opportunity for Hair Removal Market
  • Technology Advancements Spur Growth in the Market
  • Advanced Technology and At-Home Use to Benefit Hair Removal Devices
  • Fiber-Coupled Diode Laser Opens New Paradigm for Hair Removal
  • Demographic Trends Influence Market Prospects
  • Expanding Middle Class Population

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 105

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900