2018 Global Trends: Hair Removal Devices Market

HTF Market Intelligence Consulting Co. has just released a report about the global hair removal device market, exploring market growth, demand, manufacturers, opportunities and forecast. In summary, it seems clear that hair removal and the use of laser devices will continue to play a dominant role in our lives.

Major Stats

HTF, which provides in-depth, next-gen market intelligence, data analytics and more, says in its new report that in 2017, the global market for hair removal devices was valued at US$890 million and is set to reach US$1760 million by year-end 2025 – a Compound Annual Growth Rate (CAGR) increase of 8.9% from 2018-2025.

Areas of Focus

The report divides the market into product types, leading applications and significant regions that are boosting market demand. The main regions are North America, Europe, China, Japan, the Middle East & Africa, India and South America, among others. The primary types of hair removal laser products included in the report are non-surgical and non-invasive, using charging power supply lasers and battery-powered lasers. The types of device covered are energy-based devices, Intense Pulse Light (IP) devices, and laser-based devices. The most widely-used downstream fields of the market included are household and commercial.

Findings

According to the report, the recent past has shown a surge in the popularity of businesses supplying the equipment required by dermatology clinics and commercial beauty clinics for hair removal treatments. The demand is thanks to the global awareness of beauty among consumers. Alternative hair removal methods, such as manual trimming, the use of razors and waxing, are quite painful and can cause skin irritation or abrasions. In addition, the results of these methods do not last as long as laser treatments, and require repeat use after a few days or weeks. After the use of hairremoval devices however, treatment areas are hair free for months or even years. This lowers the need for repeated treatments after the initial course, which is a major benefit that has led market growth.

Sensilight Mini by Sensica

A major player in the arena is the compact, non-invasive, professional-grade Sensilight Mini device. The handheld hair removal device offers users a safe and painless treatment that can be carried out from the comfort of their own home, at a time convenient to them. This means no expensive, time-consuming visits to salons and clinics. Sensilight Mini uses advanced FDA-cleared, Reactive Pulsed Light (RPLâ„¢) technology, which disables hair re-growth at the root, resulting in permanent hair removal. Besides needing no downtime, the device saves on money, time, irritation and breakout.

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