Global Hair Removal Devices Market: Overview
Shaving is one of the methods to remove unwanted hairs from the body. However, the hair grows back and shaving them regularly makes them and hard. To get over with the issue of the growth of unwanted hair, there are plenty of hair removal devices available market today. Also, the growing popularity of dermatology and beauty clinics has jumped to the next level recently. Hence, the demand for hair removal devices and treatment has also got to another level of growth. As a result of growing physical consciousness among consumers has consolidated people’s interest in non-surgical and non-invasive hair removal procedures. Also, the demand for alternative methods such as manual hair trimming, waxing, etc. has grown. All of these factors are helping the global hair removal devices market to grow in the forecast period of 2018 to 2026.
The report by Transparency Market Research explains the progressive dynamics of the global hair removal devices market. The report offers a detailed analysis of the various facets of the global hair removal devices market.
Global Hair Removal Devices Market: Notable Developments
Prominent players of the global hair removal devices market are heavily investing R&D for various innovations in order to stay ahead in the game. The businesses can capture the best long-term opportunities for growth in the market by ensuring process improvements and financial flexibility to invest in optimal business strategies.
Businesses such as Syneron Beauty Me, Tria Beauty, Veet, Viss, CosBeauty, ULIKE, Elos Me, Iskin, SmoothSkin, Iluminage, Silk’n, MLAY, LumaRx, Gillette, Philips Lumea, and SilkPro are some of the major players of global hair removal devices market. These businesses tend to dominate the market in the forthcoming years.
These players are also putting huge efforts into improving the quality of their products to retain the existing customers by reducing customer churn. Business is also focusing more on providing a customized shopping experience to the customers by understanding their needs and deducing offers and schemes to ensure their loyalty.
Global Hair Removal Devices Market: Key Drivers and Restraints
Rising demand for availing a body without any hairs among the young generation is the prime growth factor for global hair removal devices market. The growth is also aggressively influenced by the rising demand for hair removal products and services as a result of growing beauty consciousness amongst women.
The growth of global hair removal devices market is also influenced by the rising application of intense pulsed light or IPL devices. The rising demand for these devices has hiked owing to the precision and efficiency they offer to the consumers in removing the hair. Also, the raised disposable income of the people has an impact on the growth of global hair removal devices market.
Along with so many factors to promote the growth of global hair removal devices market, factors such as high cost of permanent hair removal procedures can hamper the growth of the market up to some extent. Nevertheless, the growing demand for hair removal devices such as razors, epilators, IPLs, and wax strips shall help the global hair removal market to maintain its growth throughout the forecast period.
Global Hair Removal Devices Market: Regional Dominance
In the forecast tenure, North America shall emerge as the leading region of the global hair removal devices market. The growth is the result of the availability of technologically advanced products in the regions. Also, high awareness of self-grooming in the region promotes the growth of global hair removal devices market in the company. Another factor that keeps North America at the top of all the regions in the market is the increasing usage of hair removal devices in the U.S. so as to have rapid and effective results.
The Asia Pacific to follow North America in terms of growth of global hair removal devices market. This is due to the rising disposable income and demand for cost-effective hair removal devices in the region.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.