Overview


According to FutureWise analysis the market for hair removal devices in 2023 is US$ 1.28 billion, and is expected to reach US$ 2.51 billion by 2031 at a CAGR of 8.82%.

Another term for hair removal is depilation or the intentional removal of body hair. Hair removal may be done for hygienic, cosmetic, medical, cultural, or religious reasons. Unwanted hair can be removed using a variety of methods, including razors, lotions, and laser equipment. Due to advancements in hair removal technologies, individuals increasingly turn to various hair removal techniques, including laser-based or intense pulsed light (IPL) devices. These secure technologies produce enduring effects. Hair removal technologies are becoming very popular among individuals between 18 and 50. The market for hair removal is growing due to several factors, such as increased access to innovative products, more knowledge of techniques to enhance aesthetic appeal, rising disposable income levels, and increased spending on personal care goods.

The growing desire of the younger consumer population to have a body free of hair is the primary growth factor for the hair removal devices market. Their confidence is increased, and they can look more good aesthetically when putted together with a hairless body. The global trend toward maintaining the best possible aesthetic beauty is propelling the growth of the Hair Removal Devices Market. The global market for hair removal devices is expanding due to the simple availability of these devices, which offers low costs, immediate hair removal treatments, and no negative side effects.FutureWise Market Research has published a report that provides an insightful analysis of hair removal devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.

According to the analysis conducted by FutureWise research analysts, the hair removal devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

  • Solta Medical, Inc.
  • Cynosure, Inc.
  • Lumenis
  • Venus Concept Canada Corp.
  • Alma Lasers
  • Lutronic
  • Cutera
  • Syneron Medical Ltd.
  • Sciton, Inc.
  • Viora

Recent developments by key players in Hair Removal Devices Market:

  • In October 2022- Ulike introduced the Sapphire Ice-cooling hair removal equipment, Air3, to more people and provided Southeast Women with a fashion of beauty technology. The total amount of energy utilised by this Air3 sapphire hair removal gadget has climbed to 21J, reaching a level of energy efficiency.

Individuals' growing awareness of maintaining their aesthetics and physical appearance leads to high product demand. Today's population is highly self-conscious of their appearance. The amount of disposable income and spending on personal care products is increasing. Additionally, as more contemporary products are released, non-invasive personal grooming techniques are becoming more popular. Due to the potential risks associated with invasive surgical procedures for improving visual appeal, the demand for non-invasive or non-surgical therapies is rising. Likewise, the methods offered by these devices are painless and simple to use, which supports the market's expansion. Thus, the demand for self-care and grooming has stimulated the market for hair removal devices. Moreover, products with advanced technology are now more widely available. For instance, laser operations advances have increased their efficacy and cost-effectiveness. Using aesthetic tools, lasers help remove unwanted hair from all body parts. Precision, rapidity, and predictability are a few advantages of laser hair removal technology that have contributed to its recent increase in popularity. The target market is predicted to use laser hair removal devices more frequently due to their advantages, which will ultimately fuel market expansion. Additionally, it is anticipated that conventional product launches by major manufacturers and product approvals on the market will favorably impact market growth, creating opportunities for market players. However, the rising cost of laser hair removal equipment restricts the market growth for hair removal devices. Laser hair removal equipment is frequently used for hair removal procedures due to its many benefits, including eliminating ingrown hairs and saving time because treatments do not take a long period. Nonetheless, the equipment used for laser hair removal is expensive, and maintaining it is also costly, which is expected to restrain the market's growth.

By Product

  • Laser Devices
    • Diode Laser
    • Nd: YAG Laser
    • Alexandrite Laser
  • Intense Pulse Light Devices
  • Other Energy-based Devices

By End-use

  • Beauty Clinics
  • Dermatology Clinics
  • Home Use

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. Some of the key variables influencing the growth of the regional market are the ease with which technologically sophisticated products are available and the rising levels of consumer awareness regarding physical grooming. One of the main elements influencing the U.S.'s dominance in the North American regional market is the rising use of laser hair removal technologies for quick and effective results. Manufacturers in this area are primarily focused on creating, marketing, and distributing hair removal products that meet the demands of patients and healthcare professionals, particularly dermatologists.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Hair Removal Devices Market By Product, By End-user and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches.

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Hair Removal Devices Market Variables, Trends and Scope

    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Hair Removal Devices Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Hair Removal Devices Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Hair Removal Devices Market, By Product Historical Analysis and Forecast 2024-2032 (USD Million)

    •   1. Laser Devices
         1.1. Diode Laser
         1.2. Nd: YAG Laser
         1.3. Alexandrite Laser
        2. Intense Pulse Light Devices
        3. Other Energy-based Devices

  • 8.   Hair Removal Devices Market, By End-use Historical Analysis and Forecast 2024-2032 (USD Million)

    •   1. Beauty Clinics
        2. Dermatology Clinics
        3. Home Use

  • 9.   North America Hair Removal Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2024-2032

  • 10.   Latin America Hair Removal Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2024-2032

  • 11.   Europe Hair Removal Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2024-2032

  • 12.   Asia Pacific Hair Removal Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2024-2032

  • 13.   Middle East and Africa Hair Removal Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)

    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2024-2032

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)

    •   1. Solta Medical, Inc.
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Cynosure, Inc.
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Lumenis
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Venus Concept Canada Corp.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Alma Lasers
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Lutronic
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Cutera
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Syneron Medical Ltd.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Sciton, Inc.
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. Viora
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 17.   FutureWise SME Key Takeaway Points for Client

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