Laser Hair Removal is Fastest Growing Segment Fueling Growth of Hair Removal Devices Market

 


The global Hair Removal Devices Market is estimated to be valued at US$ 1449.36 Mn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Hair removal devices provide convenient and hassle-free solutions for getting smooth skin by reducing or removing unwanted hair. Products like laser hair removal devices, IPL hair removal devices, and others use advanced light-based technology to effectively treat hair on all skin types. They offer long-lasting results with minimal discomfort and less frequent treatments compared to traditional hair removal methods.

Market Overview:

Hair removal devices work by damaging the hair follicles to prevent regrowth of hair. Laser and light-based devices are increasingly popular for their precision and effectiveness. They use techniques like laser, intense pulsed light (IPL) to target the melanin in hair follicles.

Market key trends:

The Global Hair Removal Devices Market Size is witnessing growing demand for laser hair removal devices. Laser hair removal provides long-lasting results with just a few treatments. Advances in laser technology have made laser hair removal more effective and convenient. Devices now feature larger spot sizes and faster pulse durations for treating larger areas quickly. At-home IPL hair removal devices are also gaining traction due to their affordable prices and ease of use.


Segment Analysis
Hair removal devices market is dominated by the laser hair removal devices segment, accounting for over 55% of the overall market share in 2023. Laser hair removal devices offer long-lasting results with minimum hair regrowth. With technological advancements in laser hair removal systems such as alexandrite lasers, diode lasers, or intense pulsed light (IPL) system, the demand for laser hair removal treatments has increased substantially over the years.

Key Takeaways

The global hair removal devices market is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period 2023 to 2030, due to increasing preference for minimally invasive and long-lasting hair removal solutions.

Regional analysis

North America dominated the global hair removal devices market in 2023 and is expected to maintain its dominance during the forecast period. This is attributed to the rising awareness about advanced hair removal treatments and a high disposable income in the region. Asia Pacific is expected to be the fastest growing market for hair removal devices during the forecast period.

Key players
Key players operating in the hair removal devices market are Alma Lasers Ltd, Cutera Inc., Cynosure Inc., Fotona d.d, Lumenis Ltd, Lutronic Corp., Lynton Lasers Ltd., Sciton Inc., Solta Medical Inc., Strata Skin Sciences Inc., Syneron Medical Ltd., and Venus Concept Canada Corp. Laser hair removal devices manufacturers are focusing on launching innovative products integrated with the latest laser and light based technologies for improved hair reduction results.

Read Our More Blogs : https://www.rapidwebwire.com/hair-removal-devices-market-size-share-analysis-2023-2030/

Comments

Post a Comment

Popular posts from this blog

Macrophage Marker Market Poised to Grow at a Robust Pace Due to Rising Demand in Medical Diagnostics

Image
  The macrophage marker market has witnessed significant growth in recent years owing to the growing applications of macrophage markers in medical diagnostics. Macrophage markers are proteins or cell surface receptors that are expressed by macrophages and are used to identify and study macrophages and their functions. Some of the key macrophage markers include CD14, CD68, CD163, CD206, and LAMP-3. These markers play a vital role in studying the functions of macrophages in various diseases like cancer, inflammatory disorders, and infectious diseases. The global macrophage marker market is estimated to be valued at US$ 295.15 million in 2024 and is expected to exhibit a CAGR of 2.7% over the forecast period of 2024-2030. The growing prevalence of various chronic and infectious diseases and increase in R&D spending for drug discovery are some of the key factors driving the demand for macrophage markers in recent years. Macrophage markers help in evaluating disease progression, d...
Read more

The global Cancer Diagnostics Market is growing at an accelerated pace

Image
  Cancer diagnostics involve various tests and procedures used to detect different types of cancers as early as possible to help improve treatment outcomes. From simple blood tests and imaging scans to biopsies and molecular testing, cancer diagnostics help doctors determine if an individual has cancer, where it is located in the body, if it has spread, and other important information. The growing incidences of various cancers like breast, lung, prostate and colorectal cancer globally have increased the demand for advanced and effective diagnostic procedures. Early detection is critical for cancers to treat them effectively and improve chances of survival. The global Cancer Diagnostics Market is estimated to be valued at US$ 59.1 Bn in 2023 and is expected to exhibit a CAGR of 6.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Immunohistochemistry is one of the key diagnostic trends gaining popu...
Read more

The Global Boat Accumulator Market Growth Is Accelerated By Increasing Consumer Spending

Image
  Boat accumulators or batteries are sealed lead acid batteries that provide starting power and deep cycle power for boats. They are essential for powering marine electrical systems, motors, navigation lights, bilge pumps and other onboard appliances. The growing marine tourism and recreational boating activities have increased the demand for boats and yachts over the years. This has propelled the boat accumulator market. The global Boat Accumulator Market is estimated to be valued at US$ 266.66 Mn in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increasing consumer spending on recreational boating activities has been a major driver for the boat accumulator market over the past decade. The number of recreational boats sold globally has increased steadily with the rise in disposable incomes and leisure time among consumers. Countries like the United S...
Read more