LOS ANGELES, Nov 7, 2022 (GLOBE NEWSWIRE) — The global market for hair removal devices was valued at $1,198.6 million in 2021 and is projected to reach $2,839.9 million by 2030 US dollars, increasing by an average of 10.1% from 2022 to 2022. 2030 .
Non-invasive hair removal methods such as laser treatment are in high demand due to their benefits such as accuracy and saving time and money in the long run. Most hair removal devices can be used at home, which has led to a high demand for personal non-invasive treatments.
The availability of technologically advanced products also has a positive effect on the development of the market for hair removal devices. Newer laser devices emit extremely long wavelengths of light, allowing them to focus only on the melanin pigment found in hair follicles. This eliminates the possibility of skin burns. All of these factors are expected to drive the growth of the hair removal device market during the forecast period.
The growing popularity of technologically advanced products is expected to increase their efficiency and thus increase demand in the near future. For example, the continuous improvement of laser techniques has increased their efficiency and cost-effectiveness. The number of side effects and efforts to reduce the pain associated with hair removal is increasing. Device manufacturers are focusing on new products that can slow down hair growth for a longer period of time. For example, the use of skin cooling technology in laser treatment reduces the chance of side effects. Such advances, combined with consumer awareness, are expected to drive the market for hair removal devices.
Consumers are becoming more aware of the benefits of technologically advanced products, which is driving their adoption of these products. However, the high cost of laser devices is expected to hinder the adoption of these devices, especially in emerging markets. This factor affects the purchasing power of consumers, which leads to a slowdown in growth in these regions.
The global hair removal device market is segmented by product, end user and region. Depending on the product, the global market for hair removal devices is divided into laser, intense pulsed light and other types of energy. The laser sub-segment is further divided into diode lasers, ND:YAG lasers, and alexandrite lasers. Depending on the end user, the global hair removal device market is divided into aesthetic clinics, dermatology clinics, and home use. On the basis of region the global hair removal device market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. On the basis of region the global hair removal device market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa. Based on the region, the global hair removal device market is segmented into Latin America, Europe, Asia Pacific, North America, Middle East and Africa. By region, the global hair removal device market is divided into Latin America, Europe, Asia-Pacific, North America, the Middle East and Africa.
According to end-user data, beauty salons accounted for the largest share in 2021 due to rising consumer propensity. In addition, increasing the number of visits to aesthetic clinics to enhance their aesthetic appeal may promote development. Moreover, the growth in the number of aesthetic clinics in developing countries and emerging economies is expected to drive demand in the near future.
North America will be the dominant region in 2021 due to the availability of technologically advanced products and a high level of body care awareness. The increase in the use of laser hair removal devices in the United States for fast and effective results is one of the key factors contributing to the country’s dominance. The growing popularity of hair removal procedures, combined with the availability of qualified dermatologists in European countries, is expected to drive regional demand. The Asia-Pacific region is expected to witness significant growth during the forecast period due to rising disposable income and demand for low-cost hair removal devices. Rising beauty awareness in emerging markets is also expected to open up growth opportunities in underserved Asia Pacific markets.
To increase revenue share, market companies are focusing on pursuing new strategies such as regional expansion, new product launches, partnerships, mergers and acquisitions, and distribution agreements. Increasing R&D investments, combined with technological advancements to commercialize highly efficient products, are also expected to provide significant growth opportunities for industry participants. Increasing R&D investments, combined with technological advancements to commercialize highly efficient products, are also expected to provide significant growth opportunities for industry participants. Increased investment in research and development, coupled with technological advances to commercialize high performance products, is also expected to provide significant growth opportunities for industry participants. Increased investment in research and development, coupled with technological advances to commercialize high performance products, is also expected to provide significant growth opportunities for industry participants. Sciton, Inc., Solta Medical, Inc., Cynosure, Inc., Syneron Medical Ltd., Lumenis, Alma Lasers, Venus Concept Canada Corp., Viora, Lutronic and Cutera are some of the major players in the hair removal device market. , Partnerships, new product launches, and new product acquisitions are examples of major strategic projects undertaken by businesses around the world.
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Post time: Dec-02-2022