Hair Removal Devices Market - Trends, Size & Outlook (2024-2032)

Hair Removal Devices Market Synopsis:

Hair Removal Devices Market Size Was Valued at USD 1.14 Billion in 2023, and is Projected to Reach USD 2.68 Billion by 2032, Growing at a CAGR of 9.96% From 2024-2032.

Hair Removal Devices Market means the part of personal care industry that converges a variety of appliances and devices that help to remove excessive body hair. These devices include laser, IPL, radio frequency and electrolysis among others It must be noted that laser device stands to benefit from most of the efforts being made in the facial aesthetic products and treatments market. They are preferred by those people who are in search of a durable and longer solution to hair remove as compared to the methods such as shaving, waxing and creams. For convenience, the market is segmented for people of all ages and it targets home-use devices and commercial devices for professional use. This market is experiencing growth as customers demand more self-care products, technology, and knowledge about finer and more personalized ways of hair removal.

Hair removal devices market has shown tremendous progress over the previous ten years as people become more concerned with their appearance and the progression in the technology used. An increasing trend of consumers’ disposable income, increased usage of social networks, and urbanization have propelled the use of hair removal devices in major population groups. These devices such as laser hair removal systems; Intense Pulsed Light (IPL) devices; and epilators present efficiency; long term cost saving advantage; and comfort than shaving and waxing. The mounting trend toward minimally invasive and home-based treatments has added extra growth to the market, as people look for treatments that offer professional results and can be easily performed without requiring expert attention.

Region wise the market is fragmented by North America and Europe because of higher consumer spending on personal care products, higher awareness level and the presence of major companies. However, the Asia-Pacific region looks set for the fastest expansion because the players in this region are experiencing a rising middle-income population, higher spending on beauty and wellness products and the devices and the continuously growing engagement of e-commerce platforms through which these devices can be bought and used. Technological advancement in miniaturization and wireless connectivity is being embraced to meet the growing need for portable and easier to use products from manufacturers. Other sources of strength include synergistic relationships among market businesses to foster growth of the market through joint development of new products and better targeting of customers.

But threats including high costs of initial acquisition of advanced devices, side effects, and the presence of cheaper solutions can act as a constraint to market expansion. Still, the hair removal devices market faces some challenges and threats But the prospects for the hair removal devices market are inspiring, with ongoing innovations in technology, new applications for existing devices, and higher penetration of the stimuli in the emerging markets reported to fuel faster growth in the next ten years. It is expected that as the industry matures further, it will shift towards standards that embrace the ideas of personalization, sustainability, and affordability which will inspire [create] new opportunities for industry participants, including both the incumbents and new entrants.

Hair Removal Devices Market Trend Analysis:

Growing Adoption of At-Home Hair Removal Devices

• With reference to the trends, the hair removal devices market has observed an increasing interest in home-use options, including IPL and laser. These devices are much more convenient than waxing and shaving that need regular repetition because of the very nature of the skin. Consumers are gradually becoming more inclined to the value that such devices hold as long-term solutions for hair regrowth, among other things, and the convenience of achieving salon quality hair at the comfort of one’s home. Besides, new painless and portable and user-friendly technologies also contribute greatly to increase their usage among different groups of people.
• Moreover, due to the orientation that emerged in social networks and content related to the beauty industry, this trend has become possible. Today’s world is full of ads on Instagram, TikTok, Youtube where bloggers promote the need to Have a silky, silky skin without any hair on it and make people curious and buy products. Some of the benefits with at-home hair removal devices include, reviews, tutorials and demonstrations of these devices has demystified the existing products making them popular among the technologically savvy generation. Healthy consumption of technology of beauty-related products thus supplemented by the need to groom oneself has altered the micro shaver and similar products from mere gadgets to basic necessity in the modern world.

Growing Demand for Non-Invasive and Long-Lasting Solutions

• The increasing popularity of minimally invasive and permanent hair removal technologies has spurred the increased use of laser and IPL devices. Clients are shifting their focus on comfort, sanitation, and effectiveness of their depilation process and there is high demand for devices and products that provide high accuracy and stability. Consequently, this change of consumer expectations is a opportunity for manufacturers of hair removal appliances to simultaneously deliver appliances that match with these expectations and also have additional novelties such as more rapid operations and painless ones. Such innovations help these devices to become more versatile and to attract people who want to obtain a professional level of work at home.
• Other opportunities that increase the market’s potential include the combination of artificial intelligence and smart technologies in hair removal devices. These technologies make it possible to vary the required and achieved treatment results depending on the skin and hair type, thus increasing the effectiveness and safety of the devices. Moreover, such systems as artificial intelligence make users have an interaction with real-time guidance and performance monitoring which makes it better. The increasing trend of those who use at-home grooming solutions and among technologically active and time-conscious population, these products fall under the convenient solutions to the beautifying treatments offered by spas. An increasing rate of technological advancement in the field of innovation also makes it easier for the market to grow at a faster pace due to improvement in customer’s lifestyle.

Hair Removal Devices Market Segment Analysis:

Hair Removal Devices Market is Segmented on the basis of Product, Application, End-use, Distribution Channel, and Region.

By Product, Diode Laser segment is expected to dominate the market during the forecast period

• Diode lasers are mainly used in carrying out hair removal therapies due to the effectiveness and accuracy. These lasers shed light at a certain frequency that selectively acts on melanin in the hair bulbs. The targeted light energy is absorbed by the melanin leading to thermal damage of the hair follicle and therefore the prevention of future hair growing. This makes diode lasers particularly used in beauty clinics and dermatologist venues as these are professional appliances. It means that facemasks can be used for all the skin types, such as for the lighter, moderate and dark skin contained skin types therefore it covers a wide patient’s population. They present low risks for side effects and provide steady outcomes that make diode lasers the most suitable choice for a lasting hair removal.
• Diode lasers are reputed for giving fast treatments that are virtually painless. This efficiency is perfect for the institutions that carry a high number of clients like beauty clinics and dermatology clinics. The treatment procedure is rather sensitive and brief typically taking a few hours or days, thus is suitable for the patients and the practitioners. Moreover, diode lasers can cause fewest adverse effects and can demonstrate high levels of efficacy; thus, it is unlikely to have undesirable outcomes or patients’ dissatisfaction. This makes them ideal for everyone looking for accurate skin removal services for a particular period.

By Distribution Channel, Supermarkets and hypermarkets segment expected to held the largest share

• Supermarkets and Hypermarkets: Supermarkets and hypermarkets are easily accessible retail shops which fulfill the requirements for hair removal devices such as IPL and laser devices. These stores afford shoppers a chance to physically assess the brands and models hence giving them the much-needed details, in the choice of products. This sensory perception enables consumer to determine the quality, design and usability of the devices in the market. Taking into consideration the purpose and target consumer base, supermarkets and hypermarkets like to stock a range of entry level and popular middle range products meant for home consumption. Especially it became popular among the people who like to spent some time to try the product before purchasing it.
• These retail outlets also enjoy a high traffic count where it carries shoppers mostly in search of quick products solutions to carry them through the day, care products. The range of products provides the customer with the opportunity to order goods that can fit his/everyone’s desire and economic capabilities. Supermarkets and hypermarkets have the traditional role of enlightening and offering consumers a direct feel of what is available in the market. It is due to this reason that they act as one-stop-shops of any shopper in the market intending to incorporate personal care devices like hair removal systems.

Hair Removal Devices Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• The North America hair removal devices market occupies the leading position worldwide due to the increased interest in extensive personal care products and unique grooming tools. The technological maturity and consent in the region, and the current demand for home-use beauty appliances also present considerable growth opportunities. Increasing disposable income per capita, along with increasing awareness about personal grooming improves the position of the market. The conceivable product ranges are vast from the cheap C-class products to the luxurious products, which can encompass a large number of people in different classes.
• The USA takes the largest share of the regional markets due to the concentration of key manufacturers and the growth of the laser hair removal procedure as a definitive depilation service. The availability of the beauty and wellness products and the giant status of the beauty industry in the country helps greatly in the enhancing the innovation and consumer acceptance of hair removal technologies. On the other hand, Canada remains as a large positive force for the region, an increasing concern with skincare, anti-aging solutions and grooming appliances, and a growing market for aesthetic treatments. Altogether the demand of both the countries sums up that North America is in leading position among hair removal devices market.

Active Key Players in the Hair Removal Devices Market:

• Solta Medical, Inc.
• Cynosure, Inc.
• Lumenis
• Venus Concept Canada Corp.
• Alma Lasers
• Lutronic
• Cutera
• Syneron Medical Ltd.
• Sciton, Inc.
• Viora
• Panasonic Corporation
• Home Skinovations Ltd
• Procter & Gamble Company
• iluminage Beauty Inc.
• Koninklijke Philips N.V
• Dermacell Private Limited
• LASERBIO OPTOTECH LLP, and Other Active Players.

Key Industry Development in the Hair Removal Devices Market:

• In May 2024, Osaka-Gunze Limited has secured regulatory approval in Japan to produce and market the MeDioStarMonolith, a diode laser for long-term hair reduction. The company has launched this advanced solution to address the growing demand for innovative hair removal technologies, showcasing its commitment to cutting-edge aesthetic treatments.
• In March 2024, Cynosure has partnered with Jeisys Medical KK to distribute its advanced energy-based laser products, including hair removal devices, in Japan. This agreement enhances Cynosure’s presence in the Japanese market, offering innovative solutions and expanding access to its cutting-edge technologies in the region.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Hair Removal Devices Market by Product
 4.1 Hair Removal Devices Market Snapshot and Growth Engine
 4.2 Hair Removal Devices Market Overview
 4.3 Laser Devices
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Laser Devices: Geographic Segmentation Analysis
 4.4 Intense Pulse Light Devices and Other Energy-based Devices
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Intense Pulse Light Devices and Other Energy-based Devices: Geographic Segmentation Analysis

Chapter 5: Hair Removal Devices Market by Application
 5.1 Hair Removal Devices Market Snapshot and Growth Engine
 5.2 Hair Removal Devices Market Overview
 5.3 Facial Hair Removal
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Facial Hair Removal: Geographic Segmentation Analysis
 5.4 Legs
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Legs: Geographic Segmentation Analysis
 5.5 Hands and Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Hands and Others: Geographic Segmentation Analysis

Chapter 6: Hair Removal Devices Market by End-use
 6.1 Hair Removal Devices Market Snapshot and Growth Engine
 6.2 Hair Removal Devices Market Overview
 6.3 Beauty Clinics
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Beauty Clinics: Geographic Segmentation Analysis
 6.4 Dermatology Clinics and Home Use
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Dermatology Clinics and Home Use: Geographic Segmentation Analysis

Chapter 7: Hair Removal Devices Market by Distribution Channel
 7.1 Hair Removal Devices Market Snapshot and Growth Engine
 7.2 Hair Removal Devices Market Overview
 7.3 Supermarkets and hypermarkets
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Supermarkets and hypermarkets: Geographic Segmentation Analysis
 7.4 Drug-stores and online
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Drug-stores and online: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Hair Removal Devices Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions  
 8.2 SOLTA MEDICAL INC.
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 CYNOSURE INC.
 8.4 LUMENIS
 8.5 VENUS CONCEPT CANADA CORP.
 8.6 ALMA LASERS
 8.7 LUTRONIC
 8.8 CUTERA
 8.9 SYNERON MEDICAL LTD.
 8.10 SCITON INC.
 8.11 VIORA
 8.12 PANASONIC CORPORATION
 8.13 HOME SKINOVATIONS LTD
 8.14 PROCTER & GAMBLE COMPANY
 8.15 ILUMINAGE BEAUTY INC.
 8.16 KONINKLIJKE PHILIPS N.V
 8.17 DERMACELL PRIVATE LIMITED
 8.18 LASERBIO OPTOTECH LLP
 8.19 OTHER ACTIVE PLAYERS

Chapter 9: Global Hair Removal Devices Market By Region
 9.1 Overview
 9.2. North America Hair Removal Devices Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Product
  9.2.4.1 Laser Devices
  9.2.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.2.5 Historic and Forecasted Market Size By Application
  9.2.5.1 Facial Hair Removal
  9.2.5.2 Legs
  9.2.5.3 Hands and Others
  9.2.6 Historic and Forecasted Market Size By End-use
  9.2.6.1 Beauty Clinics
  9.2.6.2 Dermatology Clinics and Home Use
  9.2.7 Historic and Forecasted Market Size By Distribution Channel
  9.2.7.1 Supermarkets and hypermarkets
  9.2.7.2 Drug-stores and online
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
 9.3. Eastern Europe Hair Removal Devices Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Product
  9.3.4.1 Laser Devices
  9.3.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.3.5 Historic and Forecasted Market Size By Application
  9.3.5.1 Facial Hair Removal
  9.3.5.2 Legs
  9.3.5.3 Hands and Others
  9.3.6 Historic and Forecasted Market Size By End-use
  9.3.6.1 Beauty Clinics
  9.3.6.2 Dermatology Clinics and Home Use
  9.3.7 Historic and Forecasted Market Size By Distribution Channel
  9.3.7.1 Supermarkets and hypermarkets
  9.3.7.2 Drug-stores and online
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Russia
  9.3.8.2 Bulgaria
  9.3.8.3 The Czech Republic
  9.3.8.4 Hungary
  9.3.8.5 Poland
  9.3.8.6 Romania
  9.3.8.7 Rest of Eastern Europe
 9.4. Western Europe Hair Removal Devices Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Product
  9.4.4.1 Laser Devices
  9.4.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.4.5 Historic and Forecasted Market Size By Application
  9.4.5.1 Facial Hair Removal
  9.4.5.2 Legs
  9.4.5.3 Hands and Others
  9.4.6 Historic and Forecasted Market Size By End-use
  9.4.6.1 Beauty Clinics
  9.4.6.2 Dermatology Clinics and Home Use
  9.4.7 Historic and Forecasted Market Size By Distribution Channel
  9.4.7.1 Supermarkets and hypermarkets
  9.4.7.2 Drug-stores and online
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 The Netherlands
  9.4.8.5 Italy
  9.4.8.6 Spain
  9.4.8.7 Rest of Western Europe
 9.5. Asia Pacific Hair Removal Devices Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Product
  9.5.4.1 Laser Devices
  9.5.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.5.5 Historic and Forecasted Market Size By Application
  9.5.5.1 Facial Hair Removal
  9.5.5.2 Legs
  9.5.5.3 Hands and Others
  9.5.6 Historic and Forecasted Market Size By End-use
  9.5.6.1 Beauty Clinics
  9.5.6.2 Dermatology Clinics and Home Use
  9.5.7 Historic and Forecasted Market Size By Distribution Channel
  9.5.7.1 Supermarkets and hypermarkets
  9.5.7.2 Drug-stores and online
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Hair Removal Devices Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Product
  9.6.4.1 Laser Devices
  9.6.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.6.5 Historic and Forecasted Market Size By Application
  9.6.5.1 Facial Hair Removal
  9.6.5.2 Legs
  9.6.5.3 Hands and Others
  9.6.6 Historic and Forecasted Market Size By End-use
  9.6.6.1 Beauty Clinics
  9.6.6.2 Dermatology Clinics and Home Use
  9.6.7 Historic and Forecasted Market Size By Distribution Channel
  9.6.7.1 Supermarkets and hypermarkets
  9.6.7.2 Drug-stores and online
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkiye
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
 9.7. South America Hair Removal Devices Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Product
  9.7.4.1 Laser Devices
  9.7.4.2 Intense Pulse Light Devices and Other Energy-based Devices
  9.7.5 Historic and Forecasted Market Size By Application
  9.7.5.1 Facial Hair Removal
  9.7.5.2 Legs
  9.7.5.3 Hands and Others
  9.7.6 Historic and Forecasted Market Size By End-use
  9.7.6.1 Beauty Clinics
  9.7.6.2 Dermatology Clinics and Home Use
  9.7.7 Historic and Forecasted Market Size By Distribution Channel
  9.7.7.1 Supermarkets and hypermarkets
  9.7.7.2 Drug-stores and online
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research