Market Overview:
The global commercial hair removal device market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser hair removal devices and IPL hair removal devices due to their superior performance as compared to other traditional methods such as shaving and waxing. In addition, the increasing awareness about the benefits of using these devices is also contributing significantly towards the growth of this market. Geographically, North America dominates the global commercial hair removal device market followed by Europe and Asia Pacific. This can be attributed to factors such as rising disposable income, growing awareness about various skin care treatments, and technological advancements in this field in these regions.
Product Definition:
A commercial hair removal device is a machine used to remove hair from the body. They are often used in salons and can be expensive. Commercial hair removal devices use various methods to remove hair, including lasers, electrolysis, and suction.
Laser Hair Removal Device:
Laser hair removal device is a tool that irradiates light on the skin to remove body hair. It works by breaking down the pigment in the skin, which makes hair lighter or darker. The laser removes unwanted body and facial hair with high precision and effectiveness.
IPL Hair Removal Device:
Hair removal devices are classified into two types: surgical and non-surgical. Surgical hair removal devices include dermabrasion, waxing, laser treatments, and IPL (Intense Pulsed Light). Non-surgical hair removal device includes shampoos with special ingredient such as minoxidil or propargyl cyanoacrylate.
Application Insights:
The skincare center application segment led the global commercial hair removal device market in 2017. This is attributed to rising consumer preference for professional hair removal services at beauty salons or spas. Furthermore, increasing number of beauty parlors and personal care shops is expected to drive the demand for these devices over the forecast period.
Hospital application segment is anticipated to witness significant growth over the forecast period owing to an increase in skin cancer cases due largely on sun exposure and use of improper UV protection creams and lotions by consumers especially women above 30 years of age. Rising awareness about skin cancer coupled with growing availability of IPL Hair Removal Devices that are more effective compared with other conventional methods will boost industry growth during this period as well.
Regional Analysis:
North America dominated the global market in 2017 owing to an increase in demand for aesthetic devices and growing awareness about hair removal treatments. The region is expected to maintain its dominance throughout the forecast period due to increasing penetration of laser hair removal devices and IPLs, coupled with rising consumer preference for non-invasive methods of skin care.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to a rise in disposable income, improving healthcare infrastructure, and high prevalence of acne problems among consumers. Rising awareness about various types of commercial hair removal devices will also drive regional growth during the forecast years. In addition, increasing number beauty conscious people are opting for these procedures will boost product sales over this period.
Growth Factors:
- Increasing demand for hair removal devices owing to the growing awareness about the benefits of hair removal
- Rising disposable income of consumers, which enables them to afford expensive hair removal devices
- Proliferation of online retail channels, which offer a variety of hair removal devices at competitive prices
- Growing popularity of laser-based hair removal procedures, which is driving consumers to purchase laser-based hair removal devices
- Technological advancements in commercial hair removal devices that offer better performance and results
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Hair Removal Device Market Research Report
By Type
Laser Hair Removal Device, IPL Hair Removal Device, Others
By Application
Skincare Center, Hospital
By Companies
Lumenis, Cutera, Candela, Alma, Palomar, Syneron, Cynosure, HOYA ConBio, Iridex, Sciton, DEKA, Laserscope, NBS, BYMACH
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Hair Removal Device Market Report Segments:
The global Commercial Hair Removal Device market is segmented on the basis of:
Types
Laser Hair Removal Device, IPL Hair Removal Device, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Skincare Center, Hospital
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lumenis
- Cutera
- Candela
- Alma
- Palomar
- Syneron
- Cynosure
- HOYA ConBio
- Iridex
- Sciton
- DEKA
- Laserscope
- NBS
- BYMACH
Highlights of The Commercial Hair Removal Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser Hair Removal Device
- IPL Hair Removal Device
- Others
- By Application:
- Skincare Center
- Hospital
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Hair Removal Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial hair removal device is a machine that removes hair from the body. It can be used on the face, arms, legs, and other areas of the body.
Some of the key players operating in the commercial hair removal device market are Lumenis, Cutera, Candela, Alma, Palomar, Syneron, Cynosure, HOYA ConBio, Iridex, Sciton, DEKA, Laserscope, NBS, BYMACH.
The commercial hair removal device market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Hair Removal Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Hair Removal Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Hair Removal Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Hair Removal Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Hair Removal Device Market Size & Forecast, 2018-2028
4.5.1 Commercial Hair Removal Device Market Size and Y-o-Y Growth
4.5.2 Commercial Hair Removal Device Market Absolute $ Opportunity
Chapter 5 Global Commercial Hair Removal Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Hair Removal Device Market Size Forecast by Type
5.2.1 Laser Hair Removal Device
5.2.2 IPL Hair Removal Device
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Hair Removal Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Hair Removal Device Market Size Forecast by Applications
6.2.1 Skincare Center
6.2.2 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Hair Removal Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Hair Removal Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Hair Removal Device Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Hair Removal Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Hair Removal Device Market Size Forecast by Type
9.6.1 Laser Hair Removal Device
9.6.2 IPL Hair Removal Device
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Hair Removal Device Market Size Forecast by Applications
9.10.1 Skincare Center
9.10.2 Hospital
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Hair Removal Device Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Hair Removal Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Hair Removal Device Market Size Forecast by Type
10.6.1 Laser Hair Removal Device
10.6.2 IPL Hair Removal Device
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Hair Removal Device Market Size Forecast by Applications
10.10.1 Skincare Center
10.10.2 Hospital
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Hair Removal Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Hair Removal Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Hair Removal Device Market Size Forecast by Type
11.6.1 Laser Hair Removal Device
11.6.2 IPL Hair Removal Device
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Hair Removal Device Market Size Forecast by Applications
11.10.1 Skincare Center
11.10.2 Hospital
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Hair Removal Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Hair Removal Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Hair Removal Device Market Size Forecast by Type
12.6.1 Laser Hair Removal Device
12.6.2 IPL Hair Removal Device
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Hair Removal Device Market Size Forecast by Applications
12.10.1 Skincare Center
12.10.2 Hospital
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Hair Removal Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Hair Removal Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Hair Removal Device Market Size Forecast by Type
13.6.1 Laser Hair Removal Device
13.6.2 IPL Hair Removal Device
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Hair Removal Device Market Size Forecast by Applications
13.10.1 Skincare Center
13.10.2 Hospital
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Hair Removal Device Market: Competitive Dashboard
14.2 Global Commercial Hair Removal Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lumenis
14.3.2 Cutera
14.3.3 Candela
14.3.4 Alma
14.3.5 Palomar
14.3.6 Syneron
14.3.7 Cynosure
14.3.8 HOYA ConBio
14.3.9 Iridex
14.3.10 Sciton
14.3.11 DEKA
14.3.12 Laserscope
14.3.13 NBS
14.3.14 BYMACH
