The global Hair Removal Market was valued at US$ 1.41 Billion and is projected to reach US$ 3.94 Billion by 2026, growing at a CAGR of 12.3% from 2021 to 2026.
Hair removal can be done for a variety of purposes, including cultural, cosmetic, hygienic, sexual, medical, or religious ones. Since at least the Neolithic period, hair removal has been practiced in almost all human cultures. Hair removal methods have varied over time and across regions, but shaving remains the most common. With the rise in popularity of fashion apparel, sportswear, and swimsuits among women in many countries during the twentieth century, and the consequent exposure of areas of the body where hair is typically found, there has been an increase in the practice of women shaving conspicuous body hair and hirsutism on thighs, underarms, and elsewhere.
Increased concern about personal appearance and increasing health awareness among the population are driving the global hair removal product market. Furthermore, an improved standard of living and increasing disposable income have a significant positive impact on the hair removal market's development. Furthermore, government-supported activities in developing economies have compelled businesses to produce advanced goods, resulting in initiatives by a variety of multinational firms, resulting in an increase in overall hair removal product consumption in recent years. Furthermore, technological advancements in the areas of processing and cost-effective manufacturing have aided the hair removal market's development.
The Hair Removal market is segmented by Type (Energy Based Devices, Laser Based Devices, IPL Devices), by Application (Dermatology Clinics, Beauty Clinics). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings from the Report Suggest
- Due to the availability of qualified practitioners and effective services with extreme protection and comfort, the dermatology clinics segment is expected to account for a substantial market share by 2028.
- The rising demand for a hair-free body among the younger generation is the primary growth driver for the global hair removal market.
- North America was the dominant regional market in 2020 and is projected to rise at a steady CAGR from 2021 to 2028, owing to a wide market of dermatology clinics and the adoption of advanced devices.
Key Participants like Solta Medical, Lumenis, Cynosure, Strata Skin Sciences, Syneron Candela, Lutronic Aesthetic, Cutera, Lynton Lasers, Sciton, Alma Lasers, Venus Concept, Fotona.
For this report, Introspective Market Research have segmented the Hair Removal markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM