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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Hair Removal Products market. Market segmentation includes Product (Laser-based Devices, Intense Pulsed Light (IPL) Devices, Energy-based Devices); End-Use (Beauty Clinics, Dermatology Clinics, Other End-Uses).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

5 November 8:30 p.m., California- According to the new market research report, the global market for Hair Removal Products is projected to grow at a CAGR of 7.3% reach US$1.4 billion by 2027, driven by growing interest of men and women in personal grooming and maintaining physical appearance and the growing focus on beauty and physical appearance. The global Hair Removal Products market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Laser-based Devices, one of the segments analyzed and sized in this study, is forecast to grow at over 7.9% and reach a market size of US$681 million by the end of the analysis period. The United States is forecast to readjust to a 7.2% CAGR. Within Europe, the worst affected by the pandemic, Germany will reach a market size of US$76.6 million growing at a CAGR% of 7% over the next couple of years. In addition, over US$13 million worth of projected demand in the region will come from Rest of European markets. In Japan, the Laser-based Devices segment will reach a market size of US$55.3 million by the close of the analysis period. Facing a global backlash over the coronavirus outbreak and spread, China the world's second largest economy faces economic and geopolitical challenges including economic distancing which can likely put China's monopoly of global supply chains in crisis. The Laser-based Devices segment in this country against this backdrop will grow at a CAGR of 9.3% over the next couple of years to create an addressable market opportunity worth US$112 million by the year 2027.

Hair removal products have been in existence since a long time but their usage has been increasing in the recent past. Hair removal products enable users to remove unwanted hair from their bodies. Growing recognition and interest on personal grooming is one of the major factors for the growth of the market. Hair removal products enable users to remove unwanted hair and make them presentable. In addition, removing hair from the body makes the skin smooth and also aids in decreasing body odor. Hair removal devices such as lasers and intense pulse light devices are gaining popularity owing to their ability to alter the hair follicles and provide longer duration repeat procedures. Adoption of hair removal devices has been on the rise due to growing concerns about physical appearance and rising awareness about the importance of grooming among customers. Non-invasive personal grooming methods are especially gaining preference, due to the rising awareness of the risks linked with invasive procedures. This expected to augur well for the demand for different hair removal devices. In comparison to methods such as waxing and shaving, which are painful and result in skin irritation or abrasions and require repeated use only after a few days or weeks, hair removal devices are considered to be more effective, as they prevent re-growth of hair for months or years. These benefits are augmenting the appeal of such solutions among customers. The easy availability of hair removal devices over e-commerce channels is aiding faster adoption of hair removal devices across the world. The market is also gaining from the rising availability of sophisticated and effective products and technologies. Laser techniques for instance, driven by technological advancements, are achieving greater efficiency at lesser costs. Focus is also on developing hair removal devices which have lesser side effects and cause minimal pain. However, the significant costs associated with laser devices and the huge popularity of alternative approaches such as threading, shaving, and waxing, are anticipated to hamper demand, particularly in developing countries.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 428. Among this pool, 86 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 17 unique participations, a total of 8 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Andis Co., Inc.
BaByliss
American International Industries
Alma Lasers Ltd.
Beijing ADSS Development Co., Ltd.
Beijing HONKON Technologies Co., Ltd.
Beijing Nubway S and T Co. Ltd.
Beijing Ottora Technology Co., Ltd.
AMT Engineering Co., Ltd.
Beijing Sanhe Beauty S&T Co., Ltd.

Segments Covered in the Report -
Product (Laser-based Devices, Intense Pulsed Light (IPL) Devices, Energy-based Devices)
End-Use (Beauty Clinics, Dermatology Clinics, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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