Hair Removal Devices Market Size, Share, Opportunities And Trends By Type (Laser Devices, Intense Pulse Light Devices (IPL), Energy-based Devices), By End-user (Dermatology Clinics, Beauty And Skin Care Centers, Others), By Application (Face, Full Body), And By Geography - Forecasts From 2023 To 2028

Hair removal devices are gadgets employed to get rid of unwanted hair on the consumer’s face and body. nd: YAG laser, diode laser, alexandrite laser, Intense Pulse Light (IPL) devices and other energy-based devices are the prominent gadgets available in the hair removal devices market which are applied to remove unwanted facial and body hair in men and women. These hair removal devices are used by customers in dermatology clinics, beauty and skincare clinics, and other medical spas across the world. The increase in awareness and application of hair removal practices by men and women as a result of media portrayal, aesthetic purposes, and hygiene reasons have resulted in a growing consumption of hair removal devices. Therefore, considering the various factors contributing to the development of energy technology in various hair removal devices, it can be anticipated that the hair removal devices market will expand over the forecast market.

Market Drivers

• Increasing prevalence of PCOS and other hormonal imbalance conditions

The growing cases of various hormonal imbalance conditions such as PCOS, thyroid, and other metabolism anomalies are creating higher market demand for hair removal devices market. This is a result of the production of excess male hormone production which leads to abnormal growth of facial and body hair among a large portion of women suffering from such hormonal imbalances. According to research published by the Indian Society of Assisted Reproduction, the occurrence of PCOS among women has increased over the last few years resulting in an increased average PCOS prevalence rate of 21.27% globally. In addition to this, World Health Organization declared that approximately 116 million females suffer from PCOS across the world. Even though the distribution of PCOS diagnosis is uneven across different regions, the overall increase in the average prevalence rates and the gradual corporate shift towards a sedentary lifestyle resulting in an increase in medical conditions such as PCOS reveal that the number of women suffering from hormonal imbalance disorders might increase over the forecast period which will generate more demand for hair removal devices.

• Health and hygiene benefits associated with hair removal

In addition to the cosmetic and aesthetic intentions behind the consumption of hair removal devices, there are several health gains and hygiene practices associated with facial and body hair removal. Research by the British Journal of Dermatology revealed that exercising hair removal practices lowers the risk of developing skin infections. The production of unwanted hair by the human body confines bacteria and sweat in the skin pores which leads to unpleasant body odor and skin infections. Therefore, this has resulted in higher demand for hair removal devices as a permanent hair removal solution owing to the efficiency of lasers and other energy sources used in hair removal devices. Therefore, the increase in hair removal practices due to hygiene maintenance and health concerns such as hormonal disorders are key factors fueling the growth of the hair removal devices market over the forecast period.

The availability of different alternatives and the training costs associated with laser hair removal devices could restrain the growth rate of the hair removal devices market.

The common substitutes for hair removal devices in the market are beauty salon treatments, hair removal creams, cold wax strips, chemical depilation creams, and other prescription medicines. The lower cost prices of these alternatives help in attracting more customers. In addition to this, the operation of hair removal devices requires the necessary skillset and technical expertise to ensure the safety of the customers and efficient results. The lack of proper training and guidance in employing different hair removal devices in medical spas and dermatology clinics has the potential to irritate and cause damage to the treated area. Therefore, beauty care centers and skin clinics involving laser and IPL hair removal devices in their product offerings need to incur additional training and workshop expenses to assist their staff in acquiring the required skills and expertise.

Key Developments

• In October 2022, Sensus Healthcare, Inc. launched a new portable laser hair removal device, Silk which has advanced features to mix wavelengths in diode lasers to offer deeper penetration and enhanced accuracy in results.
• In June 2020, Cynosure Inc. launched its new product line, the Elite IQ device with customization features in Australia, US, and Europe.
• In January 2020, a leading medical technology company, Lumenis Ltd. launched a new diode laser hair removal product LightSheer Quattro which integrates Chilltip technology and rapid vacuum technology in its working.

North America holds a notable share of the hair removal devices market and is expected to grow in the forecast period.

North America has high levels of healthcare and skincare spending, which has driven the demand for hair removal procedures and devices. This has stimulated investment in the development of better laser technology and devices to be utilized for hair removal purposes. For instance, a medical skin clinic in the US, Laser Love declared the launch of a new laser hair removal device that incorporates Soprano Titanium technology to improve customer experience by nullifying the pain experienced by their customers.  As per the plastic surgery statistics report released by the American Society of Plastic Surgeons, it was revealed that across the US, the number of laser hair removal procedures performed amounted to 757,808 whereas the number of intense pulsed light hair removal treatments was 827,409. Therefore, considering the progressive development in laser quality and the increased consumption of hair removal procedures by customers in dermatology clinics across North America shall gradually expand the market size of the North American hair removal devices market.

Key Market Segments:

• By Type
  • Laser Devices
    •  Nd: YAG Laser
    •  Diode Laser
    •  Alexandrite Laser
  • Intense Pulse Light Devices (IPL)
  • Energy-based devices
• By End-user
  • Dermatology Clinics
  • Beauty and Skin Care Centers
  • Others
• By Application
  • Face
  •  
  • Full body
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Other
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others