Increasing Awareness about Personal Grooming to Inflate Demand in Global Hair Removal Market

The global hair removal market is encountering a significant growth in its size and valuation, on account of the rising beauty consciousness among people all over the world. The rising need to keep up a decent and well-groomed physical appearance is the fundamental factor behind the development of this market. In coming years, the increased popularity of the at-home hair removal methods among the younger generation is anticipated to help the demand for hair removal alternatives considerably, worldwide. A report by Transparency Market Research prognosticates the global hair removal market to flourish at a robust CAGR of 9.0% within the forecast period from 2017 to 2022. The market is estimated to reach a valuation of around US$1.35 bn by the end of 2022. Moreover, the increase in demand for shaving razors, hair removal creams, wax, epilators, and wax strips are spurring the demand for hair removal market as well.

The overall market for hair removal has been assessed based on the product type and end user. On the basis of product, the market is segmented into energy based gadgets, laser based gadgets, and intense pulse light (IPL) gadgets. Among these, the demand for IPL gadgets is comparatively more than other hair removal products. Its relatively better efficiency and long lasting results on thwarting growth of body hair is mainly stoking its demand. This IPL gadget segment is foreseen to grow at a CAGR of 9.0% in coming years. 


Which end-use segment is leading the race within the forecast period, owing to high demands?

As far as end users are concerned, the market is divided into dermatology clinics and beauty clinics. Until now, the interest for hair removal solutions has been substantially higher in beauty clinics and going forward too their demand will grow. Dermatology centers too are anticipated to register a robust rise in the demand for hair removal products in coming years by owing to the developing popularity of permanent hair removal methods, for example, laser treatment. 

What factors are influencing growth of North America as key region?

The global market for hair removal solutions is segmented based on regions as well. Asia Pacific Europe, North America, the Middle East and Africa, Japan, and Latin America are considered as the primary local markets for hair removal solutions all over the world. With the soaring interest of customers in personal grooming, combined with their high purchase capacity, North America has emerged as the key contributor to the global market.

The overall market for hair removal arrangements is highlyy consolidated with the rapid entry of new players. Cynosure Inc., Solta Medical Inc., Lynton Lasers Ltd., Strata Skin Sciences Inc., Fotona d.d., Syneron Medical Ltd., Venus Concept Canada Corp., Alma Lasers Ltd., Lumenis Ltd., Sciton Inc., Lutronic Corp., and Cutera Inc. are among the key organizations leading the global hair removal market.

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